Nigeria's power intervention fund hits ₦2.9trn

Nigeria's intervention fund to electricity distribution companies has risen by 45 per cent to 2.9 trillion naira from 2 trillion naira recorded as of May this year. Meanwhile, the Bureau of Public Enterprises, and the Central Bank of Nigeria, have issued a 6- month deadline to banks to hand over or sell the shares of some DISCOs they recently took over. George Etomi, the Chairman, West Power and Gas, joins CNBC Africa to discuss these developments.