2023 budget financing: 5 Power plants up for sale as FG, Govs reach agreement

This development was confirmed by the Director-General, Bureau of Public Enterprises, BPE, Alex Okoh, who disclosed this in Abuja on Tuesday.

The five power plants involved are located in Geregu, Omotosho, Olorunshogo, Calabar and Benin-Ihovbor and as of 2022, have gulped about $7.875 billion.

The current ownership structure of the assets has allocated 53 percent equity in NIPPs to the states, while a 47 percent stake is owned by the Federal Government.

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