Nigeria: New Owners of Nigeria's Electricity Companies Can Abandon Unwanted Projects - Official

The private owners of Nigeria's electricity companies would not inherit unwanted liabilities, Beks Dagogo-Jacks, the Chairman of the Presidential Task Force on Power, said, at the inaugural Nigeria Power Investors Summit which began in Lagos on Monday.

Mr. Dagogo-Jacks said for power projects already in the pipeline, the new investors would perform due diligence and make decisions on the best options for them. According to him, the elements and factors that would be considered on such projects would be strictly business driven.

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