Nigeria mulls $20B offers to sell power transmission assets

Goodluck Jonathan, President of Nigeria

Nigeria is considering offers of more than $20 billion for the assets of its national electricity transmission company as it struggles to provide adequate power to Africa’s largest economy, Power Minister Chinedu Nebo said.

The sale of state-owned Transmission Co. of Nigeria may start “in a few years,” Nebo said in a Sept. 12 interview with Bloomberg Television Africa in Abuja, the capital.

Read more: Nigeria Mulls $20 Billion Offers to Sell Transmission Assets – Bloomberg.