The Benue Investment and Property Company Limited (BIPC) has kick-started the implementation of KPMG restructuring report aimed at repositioning the company for greater efficiency, economic viability and profitability.
The report which reviewed the vision “to be a leading investment company in the North-Central by the year 2030” highlights strategic pillars of Economic Growth, Financial Returns, diversification, partnerships, Governance Enterprise, Risk Management Framework and collaboration performance index CPI.
The report also covers key restructuring aspects including performance scorecards, KPI review and refinement, corporate and departmental KPIs, job evaluation and descriptions, work approach, grading structure, and results, among others.
The Group Managing Director of BIPC, Dr. Raymond Asemakaha, CFA, after receiving the report commended KPMG for what he described as a painstaking exercise and assured that the company under his leadership is diligently implementing the recommendations.
“Let me take this time to appreciate your commitment and dedication. Since February, you have been here working with us and today we’re glad to receive your report,” Dr. Asemakaha said.
He also expressed gratitude to Governor Hyacinth Alia for strengthening the company, stressing that the restructuring would drive the governor’s industrial revolution agenda.
“With this repositioning, the BIPC shall perform maximally and align with international best practices,” he stated.
The GMD recalled that when he assumed office in 2023, the company’s structure was not in line with global standards, prompting the restructuring initiative to ensure BIPC is retooled for profitability.
“When I resumed here in 2023, the structure of the company was not in tandem with international best practices, so we initiated this process to make sure that the company is retooled for profitability,”the GMD explained.
