Prof Chinedu Nebo, Power Minister
- Say finding Sanusi’s successor will be a tall order
By Obinna Chima
Financial market analysts at the Financial Derivatives Company Limited (FDC) have estimated that 40 per cent of the total funds inflow to the power sector this year will be from Foreign Direct Investment (FDI).
This was just as the firm posited that the decision of the Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, to leave office upon completion of his first tenure would create a void that would be difficult to fill.
The FDC stated this in separate reports made available to THISDAY at the weekend. Stock of FDI inflows into Nigeria has been on a steady rise reaching a peak of $84.4 billion in 2012, according to the Economist Intelligence Unit (EIU) estimates.
The FDC stated this in separate reports made available to THISDAY at the weekend. Stock of FDI inflows into Nigeria has been on a steady rise reaching a peak of $84.4 billion in 2012, according to the Economist Intelligence Unit (EIU) estimates.
FDI inflows from established and emerging economies to Africa had increased to cover the decline in the continent’s investments by developed economies in 2012.
For the power sector, all the preferred bidders for the 15 Power Holding Company of Nigeria (PHCN) successor companies recently met the deadline for the payment of the mandatory 25 percent of the offer value of their bids. The Bureau of Public Enterprises (BPE) had explained that the 15bidders paid of a total of $559.446million.
For the power sector, all the preferred bidders for the 15 Power Holding Company of Nigeria (PHCN) successor companies recently met the deadline for the payment of the mandatory 25 percent of the offer value of their bids. The Bureau of Public Enterprises (BPE) had explained that the 15bidders paid of a total of $559.446million.
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