President Goodluck Jonathan on Sunday said that the Federal Government would ensure that the new investors in the power sector would not rip off Nigerians.

The president gave the assurance in his message at the Third Session of the sixth Synod of the Church of Nigeria, Anglican Communion in Ihiagwa, Owerri, in Imo.

He restated the Federal Government’s commitment to improve infrastructure as well as ensure that the power sector performed better than the telecommunications industry.

Represented by Chukwuemeka Nwogu, the Minister of Labour, Mr Jonathan said the privatisation of the power sector would make electricity sufficient for the nation.

“There will be power all over the country; all we need is for everybody to support the government to achieve our goals,” he said.

The president also said government was working hard to reposition the railway sub-sector, adding that that trains were already operating on the North-South routes.

“The eastern corridor would soon be resuscitated. We are taking bold steps to tackle the problems of the country and by the grace of God, we will succeed,” he said.

On the proposed national conference, he said he was convening it to enable Nigerians to discuss the issues in the country.

“Let us talk and settle the issue of church burning, bombing, ethnicity and various other problems bedevilling the country. Everyone must be involved,’’ he said.

The Bishop of Egbu Diocese, Rt. Rev. Geoffrey Okorafor, prayed for the president and the nation, and sued for support of peace and development processes in the country.
Source: http://premiumtimesng.com/news/147747-jonathan-says-new-electricity-investors-will-defraud-nigerians.html

Is he the price system?let the free market system operate as the new company tries to maximise output and minimise cost.

The connivance of govt officials can skew the price. No businessman in Nigeria is honest enough to set a minimal profit for his products. Remember Dangote and others in the cement industry, upon all the waivers they enjoy from govt their prices are still on the high side.
They will rather form a cartel and fix uniform price for their products.

-What about emptyhen and the rest?
-what about those India companies exploiting Nigeria graduates?
-what about Stella's cars?
-What about Farouk-Lawan scandal?
-what about ASUU strike?
-what about .......what about....and what about.....

It will soon be "what about new investors in power sector ripping Nigerians off?"

ayobase: -What about emptyhen and the rest?
-what about those India companies exploiting Nigeria graduates?
-what about Stella's cars?
-What about Farouk-Lawan scandal?
-what about ASUU strike?
-what about .......what about....and what about.....

It will soon be "what about new investors in power sector ripping Nigerians off?"

Na you want 24/7 electricity oooo . So be ready to pay


btw, where have you being? I was just about to send a search party for you

Jonathan says investors will not do what

Thats as good as him saying his ministers will not defraud Nigerians.

speedyboi:

Na you want 24/7 electricity oooo . So be ready to pay


btw, where have you being? I was just about to send a search party for you

The payment wouldnt be a problem IFF the rate at which I enjoy the light is directly proportional!

I dey around o brother....more of FP these days!

howz ur end?