The Energy Sector Department is tasked with overseeing the effective execution of BPE’s mandate, as outlined in the Public Enterprises (Privatisation and Commercialisation) Act of 1999, specifically concerning all assets and transactions of the Federal Government of Nigeria (FGN) within the energy sector, mainly, electric power, oil, and gas.

The Department is structured into four (4) specialized units:

1. Oil & Gas Unit
2. Power Generation Unit
3. Power Transmission Unit
4. Power Distribution Unit

Core Functions of the Department include:

• Implement BPE’s Mandate: Ensure the effective execution of the Bureau’s mandate in relation to all energy sector transactions reforms, by adopting strategies such as privatisation, commercialisation, concessioning, etc.
• Obtain FGN/NCP, Legal and Regulatory Approvals: Collaborate with the Director General’s Office, Legal Services Department, and Council Secretariat to secure necessary approvals from the National Council on Privatization (NCP), NERC, Ministry of Power, etc.
• External Stakeholder Engagement: Interface with relevant Ministries, Departments, Agencies (MDAs), regulators, development partners, and private sector stakeholders to facilitate transaction delivery.
• Transaction Strategy Development: Design and develop appropriate strategies for each transaction, ensuring alignment with sectoral policy objectives and national interest.
• Human Resource Allocation: Ensure optimal deployment of human resources and technical expertise across all transaction phases.
• Interdepartmental Collaboration: Work collaboratively with other departments and units within BPE to ensure smooth and efficient transaction execution.
• Stakeholder Communication: Engage effectively with external stakeholders, in partnership with the Stakeholder Relations Unit, to build trust and foster transparency throughout the transaction process.
• Post-Transaction Monitoring: Ensure the timely and comprehensive preparation and submission of Transaction Closure Reports (TCRs) to support post-transaction review, learning, and monitoring.