Managing Director, AMCON, Gbenga Alade

The Assets Management Corporation of Nigeria says the only way to make the Ibadan Electricity Distribution Company more efficient is to sell it to viable investors.

The AMCON Managing Director/Chief Executive Officer, Gbenga Alade, stated this at an interactive session with media executives in Lagos on Monday.

Alade told journalists that when he took office five months ago, he reviewed the cases before AMCON, saying the power sector is one.

The AMCON boss believes that no economy can grow and move forward without a stable power supply.