Reuters Africa: Nigeria to open bids for Nitel
The Nigerian Bureau of Public Enterprise has opened up bidding on the state Telecoms firm Nitel. The privatization of the Teleceom industry is just a small step in Nigeria's extensive privatization and commercialization goals laid out by the government and implemented by the BPE. Interestingly, of the many companies slated for varying degrees of privatization, a large proportion are only partially going on the market while maintaining government majority ownership.
On the BPE's website they claim that the Nigerian public can take part in the IPOs. Also, some companies are only being offered to the employees. Interesting blend of socialism and capitalism.
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