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>Date:         Fri, 9 Jan 1998 04:22:08 -0600
>Reply-To: "AAM (African Association of Madison)" <[log in to unmask]>
>Sender: "AAM (African Association of Madison)" <[log in to unmask]>
>From: "E. AGGO AKYEA" <[log in to unmask]>
>Subject:      NIGERIA TO SELL PHONE MONOPOLY
>To: [log in to unmask]
>
>Wall Street Journal
>Tuesday, January 6, 1998
>World Watch
>
>NIGERIA TO SELL PHONE MONOPOLY
>There are about 600,000 telephones in Nigeria and at any given time only
>about half of them work.  Now the nation's military ruler intends to
>look to private investors to upgrade the state of phone service in the
>west-central African nation of 100 million people.  Later this year the
>government says it will sell off state-owned Nigerian Telecommunications
>Ltd., and that will be the first of several state-owned companies to go
>on the block.  But just how much is the company worth?  The military
>authorities have been keeping financial matters like that close to their
>chests, but some within the phone company value the assets at about $20
>billion.
>
>Nigeria profile:
>Literacy rate -- 51%
>Per capita GDP -- $1,437
>1996 GDP growth -- +2.2%
>1996 inflation rate -- 29.3%
>
>
>-------------------------------------------------------------------
>E. Aggo Akyea
>5719 Richmond Drive
>Madison, WI  53719
>608/274-9769
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>