The KPMG team has arrived at the Benue Investment and Property Company Limited (BIPC) to undertake a comprehensive restructuring of the company
Group Managing Director of Bipc, Dr. Raymond Asemakaha-CFA, while welcoming KPMG’s team, assured them of BIPC’s full cooperation.
Dr. Asemakaha explained that the exercise is expected to strengthen BIPC’s operations after the expiration of the 2025 vision of the company to align with the policy thrust of His Excellency, Rev. Fr. Dr. Hyacinth Iormem Alia, the Executive Governor of Benue State.
“Our goal is for BIPC as a state owned company to adopt the model of Temasek in Singapore that Igbile Holdings in Lagos and Oduduwa in Ogun state. By so doing, the BIPC will be poised to diversify its portfolio to deliver long-term sustainable reforms and make a difference in our operations.
“This 10-year strategy plan will provides a roadmap for the state-owned investment company to drive economic growth and development in benue state by investing in a diversified portfolio of assets, fostering strategic partnerships, and ensuring high standards of governance, the company can generate strong financial returns while contributing to the economic development of the state.
“This exercise will also incorporate strategies for sustainability in managing our investments, climate risk management, financials and audits, credit profile, etc. With KPMG’s guidance,” Dr. Asemakaha noted.
leader of the delegation, Funsho Ayotunde, says the mandate of KPMG includes reviewing BIPC’s organizational structure, job descriptions, and Diagnosing BIPC Financials.setting key performance indicators (KPIs) for staff of the company.
He added that the firm will also conduct job evaluations and gradings to ensure that staff roles are aligned with the company’s objectives.
Department Head, Business Development and Strategy, Theresa Abeda, appealed for the inclusion of staff remuneration and promotions in the restructuring exercise, emphasizing its importance in motivating employees.
Joshua Nyipira, Department Head, Administration and Human Resources Management, assured the team of staff cooperation to ensure a successful outcome of the exercise.
KPMG is a global network of professional firms providing audit, tax, and advisory and investment services, and one of the “Big Four” accounting organizations in the world.
