Welcome, Guest: Join ECHOng / Login / Trending / Recent / NewsStats: 47,024 members, 241,018 topics. Date: Thursday 28th of March 2024 10:36 AM |
Top Members (March) LilyNLSOFT : 133 BigBallsBiden : 112 uzy47 : 63 noah22 : 52 KellyE : 52 TitanKenneth : 30 haykings : 21 synw : 14 IzunnaOkafor : 14 bmdworld : 7 Top members are most active forum members |
ECHOnigeria Forum / Naija Info / FG To Sell Electricity Distribution Companies To New Investors (1 Post | 502 Views)
(1) (Go Down)
FG To Sell Electricity Distribution Companies To New Investors by Vlad(m) : 11:19 am |
Breaking: FG to sell DisCos to new investors- Mohammed By Emma Ujah, Abuja Bureau Chief & Emmanuel Elebeke The federal government has commenced negotiations with operators of the Electricity Distribution Companies (DisCos) with a view to ceding some of their shares to accommodate new investors who would bring in more funds to increase their service delivery. The Minister of State for Budget and National Planning, Mrs. Zainab Mohammed, disclosed this at the end of the Nigeria Economic Summit 23#, in Abuja, Thursday. Discos have been recognised as obstacles to the nation’s quest for efficient electricity sector. Her words, “ The Power sector has been privatized and every Nigerian knows that the privatization has not worked well. Things we sought to achieve in the power sector have not yet happened. And we have now come to the point where investors in the power sector must come together and decide to cede some of their holdings to enable new investors with expertise come in to enable us grow the power sector at the pace we want. It involves negotiating with existing owners and also government. “No new investor will be interested to come in with the level of tariff obtainable now. There will be an impact on tariff. Starting point will be Discos. “The power sector will be opened up to new investment, it is very clear that no new investor will be coming without having a satisfaction from the tariff that will be obtainable in the industry. “That is a discussion that must be held. It is very clear to us now that the level of tariff we have now is not obtainable. It will be a subject of negotiation between government, the existing investors and new investors as well as consumers. “We will try to attain to optimal level that will make an impact on the tariff. The starting point will be the Discos.†Details soon… Vanguardngr FG To Sell Electricity Distribution Companies To New Investors. source: http://ift.tt/2ylp5hu http://ift.tt/eA8V8J
|
Bill Gates Tops Jeff Bezos As Richest Person In The World (Full List) See How President Bola Tinubu Returns To Nigeria After Attending International Summits Security Men Allegedly Beat Ladies For Talking Loud In Hotel |
(1)
(Go Up)
ECHOnigeria - Copyright © 2022. All rights reserved. Follow ECHOng on Facebook and Twitter Inbox Peculiar (Forum Super Mod) If you have any questions (+2348171606466) Disclaimer: Every ECHOnigeria member is solely responsible for anything that he/she posts or uploads on ECHOnigeria |