The preferred bidder for the Abuja Electricity Distribution Company has been identified as Transcorp Group. Prof. Yemi Osinbajo, Nigeria’s Vice President, made the announcement while inaugurating the Afam Power Plant in Rivers State. “A major breakthrough in our privatization process, which, as you know, began in 2005-2006, was and continues to be insufficient of private investments and real cash injections,” he said. “From the beginning, an indigenous firm such as Transcorp Power and Heirs Holding...