BIPC Begins Implementation of KPMG Restructuring Report

From Dooshima Terkura, Makurdi

The Benue Investment and Property Company Limited (BIPC) has commenced the implementation of the KPMG restructuring report designed to reposition the company for greater efficiency, economic viability, and profitability.

The report, which reviewed the company’s vision “to be a leading investment company in the North-Central by the year 2030,” emphasizes strategic pillars including Economic Growth, Financial Returns, Diversification, Partnerships, Governance Enterprise, Risk Management Framework, and the Collaboration Performance Index (CPI).

It also outlines key restructuring areas such as performance scorecards, KPI review and refinement, corporate and departmental KPIs, job evaluation and descriptions, work approach, grading structure, and measurable results.

The Group Managing Director of BIPC, Dr. Raymond Asemakaha, while receiving the report, commended KPMG for what he described as a painstaking exercise and assured that his leadership is fully committed to 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 thanked Governor Hyacinth Alia for strengthening the company, noting that the restructuring aligns with 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 upon assuming office in 2023, the company’s structure did not meet global standards, which necessitated 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,” he added.