World Class
From ISAAC ANUMIHE, Abuja
Federal Government has acknowledged the privatization of Power Holding Company of Nigeria (PHCN) successor companies as one of the most open and transparent transaction processes in recent history.
Speaking at an investment forum in New York with prospective investors seeking to purchase of 80 per cent equity in the 10 National Integrated Power Project (NIPP) power plants yesterday, Vice President Mohammed Namadi Sambo, who was represented by Governor Gabriel Suswan of Benue State, said all the three tiers of government and the private sector in Nigeria are collaborating in the privatization process of the 10 NIPP power plants being jointly offered for sale by the Bureau of Public Enterprises (BPE) and Niger Delta Power Holding Company (NDPHC) to ensure that same level of transparency is replicated.
He pointed out that the PHCN transaction was a highly transparent process and government has assured investors that the same level of transparency will be replicated.
Meanwhile, Head, Public Communications of the bureau, Mr Chigbo Anichebe, in a statement noted the Vice President as saying that if Nigeria was going to be among the 20 largest economies in the world by the year 2020, the right steps must be taken, assuring that the administration of President Goodluck Jonathan remains committed to ensuring that those right steps are taken going forward in implementing the Transformation Agenda.
He explained that the privatization of the 10 NIPP power plants is the first time the private sector, the National Assembly, Federal, State and Local governments are joining forces to ensure an all-inclusive transaction process.
Vice President Sambo noted that to engender global interest, all the relevant stakeholders in the sector were in New York to interact with prospective investors and address their questions and concerns.
Is the power supply in Nigeria anything to write home about? Is Federal Government rating accurate as per power supply? If so are we Nigerians or with the improvement so far?
Lets hear what you think on this issue.
Federal Government has acknowledged the privatization of Power Holding Company of Nigeria (PHCN) successor companies as one of the most open and transparent transaction processes in recent history.
Speaking at an investment forum in New York with prospective investors seeking to purchase of 80 per cent equity in the 10 National Integrated Power Project (NIPP) power plants yesterday, Vice President Mohammed Namadi Sambo, who was represented by Governor Gabriel Suswan of Benue State, said all the three tiers of government and the private sector in Nigeria are collaborating in the privatization process of the 10 NIPP power plants being jointly offered for sale by the Bureau of Public Enterprises (BPE) and Niger Delta Power Holding Company (NDPHC) to ensure that same level of transparency is replicated.
He pointed out that the PHCN transaction was a highly transparent process and government has assured investors that the same level of transparency will be replicated.
Meanwhile, Head, Public Communications of the bureau, Mr Chigbo Anichebe, in a statement noted the Vice President as saying that if Nigeria was going to be among the 20 largest economies in the world by the year 2020, the right steps must be taken, assuring that the administration of President Goodluck Jonathan remains committed to ensuring that those right steps are taken going forward in implementing the Transformation Agenda.
He explained that the privatization of the 10 NIPP power plants is the first time the private sector, the National Assembly, Federal, State and Local governments are joining forces to ensure an all-inclusive transaction process.
Vice President Sambo noted that to engender global interest, all the relevant stakeholders in the sector were in New York to interact with prospective investors and address their questions and concerns.
Is the power supply in Nigeria anything to write home about? Is Federal Government rating accurate as per power supply? If so are we Nigerians or with the improvement so far?
Lets hear what you think on this issue.
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