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.
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