Nigerian power industry to be liberalised

By | August 27, 2010

President Goodluck Jonathan says Nigeria’s power industry can only grow through liberalisation:

The government will sell 11 distribution companies created out of Power Holding Co. of Nigeria, the state-owned utility, and allow private companies to set up power plants using natural gas, hydro-electric dams and coal-powered stations, Jonathan said in a speech in Lagos, the commercial capital, broadcast on state television today [yesterday].

Listen to excerpts of the speech. Also, check out Saratu’s analysis.

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