Federal Government will hand over privatized successor
companies of the Power Holding Company of Nigeria, PHCN, to private investors
on September 21, 2013, if the investors pay on schedule.
The Director-General of the Bureau of Public Enterprises, PBE,
Benjamin Dikki, disclosed this in an interview in Abuja.
He disclosed that the PHCN privatization was expected to earn
the Federal Government about $2 billion.
They don’t have to go and lobby anybody, all they require is
to meet the technical requirement, go to the regulatory authority, apply for
licence and they are limited by their own ingenuity and their access to the
capital.
The BPE boss said the privatization programme of the Federal
Government had significantly opened up the Nigerian economy by creating the
right atmosphere for greater private sector participation in several key
sectors.
He said the telecommunications sector stood out in terms of
attracting massive foreign investment, which he put at about $40 billion to
date.
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