Sure It's Risky, but Nice Returns

Nigeria is pushing forward with privatization efforts in its steel industry and has called for bids from potential new investors in a number of rolling mills.

An official in the steel department of the Bureau of Public Enterprises said the government recently issued a call for bids for the rolling mill plants. The official would not provide further details.

BPE, the government agency charged with finding buyers for state enterprises, is believed to be seeking private sector ?core investors? to take a majority 51% stake in the mills. Some expressions of interest have already been received. Other shares would be sold to the investing public.