The National Privatization Agency announced that the Nigerian authorities plan to sell five power generation companies to help finance the 2023 budget.

The managing director of the Office of Public Enterprises, Alex Okoh plans to open tenders for electrical assets this month and to reach financial closing by the end of March according to his own statement. Indeed, the assets include a 562 megawatt installation in Calabar, a 434 megawatt power plant in Geregu, and a 676 megawatt power plant in Olorunsogo.

It should be noted that the country is going through a fairly difficult economic situation with a budget deficit that climbed this year to nearly 5% of GDP, more than the 3% recommended by the 2007 Fiscal Responsibility Act. According to The Conversation, more than 40% of the country's 2023 budget should financé come from debt. To this end, Nigeria relies on the resale of its electrical assets. An operation that, not only strengthens State revenue, would also offer an opportunity for the private sector to invest more in the field of electricity.