The successful completion of payment for the electricity generation and distribution companies has set a record in government earnings from privatised enterprises, EVEREST AMAEFULE writes
In financial terms, the Federal Government has realised more through the ongoing sale of electricity companies than it realised through the sale of 122 other companies in a period of 13 years.
Information obtained from the Bureau of Public Enterprises showed that in 13 years (1999-2012), the Federal Government realised N251bn from the sale of 122 entities spreading across several sectors of the economy.
However, in just one transaction signposting the reform of the power sector, the Federal Government has already realised more than N350bn, which is at least N100bn more than it realised through the years on privatisation transactions.
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