October 20, 2017

Nigerian govt. to review power sector privatisation (PremiumTimes)

Nigerian govt. to review power sector privatisation (PremiumTimes)

The Nigerian government on Thursday gave an indication that it would soon review the privatisation of power plants in the country to enable government restructure their ownership and capacity to deliver value to the people.

President Muhammadu Buhari said at the closing of the 23rd Nigerian Economic Summit, NES in Abuja that the review would involve the restructuring of the ownership of the power plants to ensure that owners who do not demonstrate sufficient capacity to operate the facilities cede their stakes to new investors.

The President, who was represented by the Minister of State for Budget and National Planning, Zainab Ahmed, said this was to open up the sector for new investors to bring in fresh capital to make the plants more functional. Read more

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