Nigerian Banks has expressed their fear of loosing their investment in PHCN. Banks invested over 1 Trillion Naira in the acquisition of the privatization of the Power Holding Company of Nigeria.
The GMD/CEO fo Diamond Bank Plc, Dr. Alex Otti said that banking industry has invested well over 750 billion in Naira into the power sector and ready to do more that was in last year in a power investment Forum in Abuja.
The investors (Banks) are calling for increase in the tariff and price of gas to help boost the returns on investment.
Some executives of banks who expressed their opinion in the just concluded Seventh Lagos Economic summit, tagged Ehingbeti this year (2014) lamented that the recent privatized Power companies is not meeting the expected revenue and be of the opinion of increasing the tariff to enable them repay the debts.
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