Dateline Abuja: Managing PHCN Assets And Liabilities, The Challenges

Channels Television  
Updated April 26, 2014

Dateline ABJ - NELMCOAs at the time of privatising the now defunct Power Holding Company of Nigeria, PHCN, the company’s liabilities stood at about 1 trillion Naira.

The Nigeria Electricity Liability Management Company, NELMCO, took over the management of the liabilities, assets, as well as the management of the pension of electricity workers of the defunct PHCN.

The Federal Government says it is committed to ensuring that the investors in the nation’s power sector do not suffer debt overhang in their bid to provide constant and efficient power supply to the country.

Our guest on this edition of Dateline Abuja is the Managing Director of NELMCO, Dr Sam Agbogun, who speaks on the challenges of managing these aspects of the company.