By the time the new core investors pay the balance for the 15 privatised Power Holding Company of Nigeria (PHCN) successor companies, the Federal Government’s coffer is expected to swell by $2.6 billion.
Ambassador Nuhu Audu Bajoga, deputy governor of Kaduna State, who disclosed this on Thursday, noted the high level of transparency displayed by the Bureau of Public Enterprises (BPE) in the various transactions it had handled.
Declaring open a retreat by the BPE to initiate plans to further develop various sectors of the Nigerian economy, he said: “We took you around the world to help Federal Government sell the NIPP power plants.”
Investors for the various power generation and distribution companies are expected to make the balance of 75 per cent payment for the privatized assets on, or before the deadline of September 17, going by the agreed terms.
Bajoga thanked President Goodluck Jonathan and his vice for their resolve and commitment to power sector reform which provided the enabling environments
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