Business PHCN privatization: highest bidder takes all

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LequteMan

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The Power Holding Company of Nigeria, PHCN will be handed over to private investors on September 21, 2013.

The privatization is expected to add at least $2 billion to the pocket of the Federal Government.

The Director-General of the Bureau of Public Enterprises, Mr. Benjamin Dikki said this in an interview in Abuja.

He said the investors can see a clear investment horizon and that they don’t have to lobby anybody. All they need is to meet the technical requirement and apply for a license at the regulatory authority.

He said the company will be handed over to whoever pays earlier and they can start operation.
 

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