The Nigerian government says it plans to sell some electricity-generation companies in the country, six months after it announced the restructuring of power distribution companies and privatisation of five power projects.
President Muhammadu Buhari presented a record budget of N20.5 trillion in October for next year with N10.78 trillion not backed by revenue, leaving a budget deficit that is 4.8 per cent of the GDP., a 562-megawatt facility in Calabar, Cross River State, and the Olorunsogo power plant. Nigeria’s power system has mostly remained dysfunctional, producing and distributing an average of 4,000 megawatts to around 200 million people.The government urged the private sector to invest in electricity to end shortages.
I thought it was Atiku that was coming to sell the country 😂
You say 🤷🏾♂️🤷🏾♂️🤷🏾♂️
What about the Hon. Gudaji findings?
How about cutting cost of government to fund budget? Tanzanian government diverted fund for independence day celebration towards building dormitories. Costa Rica scrapped their military outfit and diverted the fund into education. Nigerian govt, please borrow a leaf.