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Vol 37 No 21

Published 18th October 1996


Nigeria

Privatising politics

The ruling soldiers believes that selling state assets will win them friends and influence

The government is pushing ahead with its sale of state assets in the hope of reaping political and economic dividends. First to come to market will be the state-owned electricity generating company (Nepa) and telecommunications company (Nitel). Shares in both of these are to be issued on the Lagos and Kaduna stock exchanges, which are currently little bigger than Ghana's stock exchange down the coast. A flurry of national publicity is planned, almost along the lines of a political campaign. Special share schemes for workers and consumers are also being considered as a way of making the sale politically palatable.

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