By Queen Kunde
The Benue Investment and Property Company Limited (BIPC) has commenced the implementation of the KPMG restructuring report, a move designed to reposition the state-owned enterprise for efficiency, economic viability, and sustainable profitability.
The report, aligned with BIPC’s vision “to be a leading investment company in the North-Central by the year 2030,” sets out strategic pillars including economic growth, financial returns, diversification, partnerships, governance, risk management, and a collaboration performance index (CPI).
It also prescribes comprehensive restructuring measures such as performance scorecards, refined KPIs, job evaluations, departmental role clarity, a new grading structure, and modernized work approaches.
Receiving the report, BIPC’s Group Managing Director, Dr. Raymond Asemakaha, CFA, commended KPMG for what he described as a painstaking exercise. He pledged to fully implement 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 lauded Governor Hyacinth Alia for strengthening the company, stressing that the restructuring would fuel the governor’s industrial revolution agenda.
“With this repositioning, the BIPC shall perform maximally and align with international best practices,” he assured.
Dr. Asemakaha recalled that when he assumed office in 2023, the company’s structure was far from global standards, prompting the restructuring initiative. “We initiated this process to make sure that the company is retooled for profitability,” he explained.
The implementation marks a turning point for BIPC, signaling a commitment to growth, innovation, and stronger investor confidence.
