Nigeria's president announced a multi-billion-dollar plan Thursday to repair and privatize the oil-rich nation's decrepit national power grid that forces people to rely on private generators to provide electricity.
President Goodluck Jonathan said the nation would sell off the state-run Power Holding Company of Nigeria and workers at the state-run power company would receive "generous" severance package.
In a speech before journalists and the nation's political elite, Jonathan said the nation would rely on private companies to build new power generation plants relying on the nation's vast natural gas reserves.
"We need a revolution …
No comments:
Post a Comment