Just Released: "Nigeria Power Report Q3 2013"
Our view on Nigeria's power sector remains fundamentally unchanged this quarter. Confirmation that the preferred bidders for 15 of the 18 unbundled PHCN assets have received their certificate of transaction from President Goodluck Jonathan shows that the privatisation process might finally see some tangible progress and suggests that Nigeria's flagging power sector could finally be on the verge of a long-awaited turnaround. However, reforming the Nigerian power sector remains a mammoth task, with numerous risks.
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