DG, BPE, Benjamin Dikki
The Director General of the Bureau of Public Enterprise (BPE), Mr. Benjamin Dikki, Wednesday assured stock market operators that some of the companies that would come out of the unbundling of the Power Holding Company of Nigeria Plc (PHCN) would be listed on the Nigerian Stock Exchange (NSE).
The unbundling of the PHCN led to the establishment of about 17 electricity distribution companies (Discos) generating companies (Gencos) that are being sold to private investors.
Speaking during a visit to the NSE in Lagos, Dikki said the companies would come to the exchange for listing because the remaining government shareholdings would be divested through the exchange.
“The Gencos will come by way of differed public offer later. We also expect many of the companies to come to the capital market to raise long term finance. I want to assure you that the federal government is committed to growing and increasing the depth of the capital market.
The federal government recognises the role of the capital market in providing long term funding that will drive investments in the country,” he said.
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