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Nigeria realised N400bn from electricity privatisation

Mr. Atedo Peterside has been a banker all his life; although now a retired banker of repute, but still the Chairman, Stanbic IBTC Bank Plc. However, in this interview, the focus is not on the financial services sector, but his headship of the Technical Committee of the National Council on Privatisation, NCP. The Council just concluded the largest privatisation transaction in Nigeria’s history with the sale of 15 power companies unbundled from the Power Holding Company of Nigeria, PHCN, to private investors. Despite this success, there are still some issues leading to when Nigerians will begin to experience uninterrupted power, which Peterside clarifies. Excerpts:

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