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PRIVATISATION OF NIGERIA'S POWER SECTOR
The Federal Government (FG) of Nigeria in partnership with other private investors are set to jointly raise $4.7 billion aimed at recapitalizing the electricity distribution companies (DisCos) and upgrade power distribution equipment in the country.
The Managing Director of Transmission Company of Nigeria (@TCN_NIGERIA), Usman Mohammed, has raised concern over the lack of return on investment on companies in the power sector.