BPE to raise N267bn from privatization of 20 coys vanguardnews
He also projected that the bureau would raise N266.9 billion from privatization of 20 companies in order to fund the 2020 federal government budget.
He added, “The problem, as far as I am concerned, is not the privatization of the DisCos or the entire value chain. The problem essentially is in the design of the reform of the power sector for privatization.
Okoh said that the major problem with the sector was the transmission and distribution, as there was excess capacity in the generation segment of the industry.Okoh projected that the bureau would raise N266.9 billion from the privatization of 20 companies in order to fund the 2020 federal government budget. The sum of N3.9 billion is expected to be spent on the privatization exercise this year.
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