...The really significant thing for me though is that the Power Reform Process seem to been going according to plan this time around and it seem very likely now that we would see the end of the Privatization Process before the end of October. Below is a sketch of some of the steps already taken 1. The passage of d Power Reform Bill some years ago(which laid the legal framework for the actors in the Power Sector) 2. The unbundling of PHCN into 18 holding companies last year. 3. The start of d new investment-leaning Tariff Structure this July(This honestly was the first REAL sign for me that the government was now serious in privatizing the sector). 4. The almost complete conclusion of the termination process of the current 'PHCN' workers prior to their selective re-absorption by the proposed new owners( though there seem to be some problems with the workers' Pensions at the moment). 5. The take-over of the Transmission Company by a well-known international company(MHI) so as to reorganized and manage it before handing it back to the govt(PS: Probably so that there will be less saboteurs in the system going forward, the minister insisted that MHI bring 8 senior staff who will take over the management of the company while current Nigerian management staff act as their assistants for the 3-year period) 6. The close of the submission of d bidding process for sale of d 17 Generation holding companies two weeks ago. 7. And just yesterday, the close of the submission of bids for the Distribution companies, again on schedule.

Just yesterday the govt insisted that the time-line WILL be followed(as they seem to have been doing) and have re-started the important dates again:

"Briefing newsmen at the end of the NCP meeting on Monday, the Director General for Bureau for Public Enterprises (BPE), Ms Bolanle Onagorowa, said that the July 31 deadline for the submission of the bids for the Distribution Company of the PHCN remained sacrosanct as the Council vowed to strictly adhere to its timeline on the exercise...BPE boss also stated that the Council would meet on August 24 to reveal the bidders that passed the technical evaluation for the Generation companies’ bidders. She also disclosed that the Council would meet on September 11 to reveal the list of bidders that passed technical evaluation for the Distribution Companies.
Onagoruwa also stated that the financial bids opening for the Generation companies will be on September 25, while financial bid opening for the Distribution companies will be on October, 8. She also added that the Council would give final approval for the commercial bids for Distribution Companies on October, 22.
SOURCE: http://www.worldstagegroup.com/worldstagenew/index.php?active=news&newscid=5519&catid=26

One can imagine what will happen if this process concludes and Power generation and Distribution is privatized. It is also great that States have finally been granted approvals to distribute the Power it generates directly to its citizens- this is not just great news for states like Rivers, Bayelsa and Akwa Ibom but will hopefully also create some sought of competition amongst other states who would then be 'blackmailed' into generating Power for their own people(either solely or more likely in conjunction with Private Investors).

IT IS EXTREMELY IMPORTANT THAT THIS PROCESS IS SEEN TO ITS LOGICAL CONCLUSION AS THIS MAY BE THE MOST IMPORTANT PROCESS THE NIGERIAN GOVERNMENT HAVE EVER TAKEN , AND IT IS HAPPENING BEFORE OUR VERY EYES. We should not forget these dates(August24, September 11, September 25, October 8, October 22) and should insist that they are followed through please. This is where we need the Critics the most.

PLEASE SHARE. Thanks

esere826: @taharqa
You said: "let's make sure this works plz"

Just curious, why do you sound so concerned?

Your post sounds more like you're coming more from an investors perspective.

esere826: @taharqa
You said: "let's make sure this works plz"

Just curious, why do you sound so concerned?

Your post sounds more like you're coming more from an investors perspective.

“Anybody who doesn’t invest in Nigeria has only himself to blame, going forward, if he misses out,” said Aliko Dangote (Africa’s richest man) in an interview last month.

“I don’t really know of any place where you can make as much money as you make in Nigeria.”

taharqa: Investors perspective ke?guy am just a youth in 20's..why do I care much?ehmm, wot a questn! Well care much cos am 9jerian nd cos dis is d only way dat 9ja can generate enough power in d tens of thousands of MWs necessary to tk us to d top of d world's economy. I dont criticize stupidly, I try to understand situatn and choose my fight. There are oda tins i hv strongly advocatd we shld focus on on dis forum: passage of PIB, appointment of Special judges 4 corruptn and terroism cases, d release of d White Paper on d Oronsaye Panel on lean govt, monitoring d completn of railways and infact oda project, formulatn of a new cost effective Contract Framework etc. Instead of us to be shouting and throwing banters at ourselves we shld focus on d important tins nd mk it happen

taharqa: Investors perspective ke?guy am just a youth in 20's..why do I care much?ehmm, wot a questn! Well care much cos am 9jerian nd cos dis is d only way dat 9ja can generate enough power in d tens of thousands of MWs necessary to tk us to d top of d world's economy. I dont criticize stupidly, I try to understand situatn and choose my fight. There are oda tins i hv strongly advocatd we shld focus on on dis forum: passage of PIB, appointment of Special judges 4 corruptn and terroism cases, d release of d White Paper on d Oronsaye Panel on lean govt, monitoring d completn of railways and infact oda project, formulatn of a new cost effective Contract Framework etc. Instead of us to be shouting and throwing banters at ourselves we shld focus on d important tins nd mk it happen