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Investors await takeover of power assets

After almost 10 years of struggling to privatise Nigeria’s power sector, the plan finally sailed through almost a fortnight ago, when the Federal Government’s National Council on Privatisation, NCP, blew the final whistle for preferred bidders to pay up and take possession of their assets. In this piece, Sebastine Obasi, assesses the level of preparations by the investors and the incumbent management of these 15 Power Holding Company of Nigeria, PHCN, successor entities to change ownership and leadership.

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