cashflowpc: The only solution to the Nigeria power problem is Solar Energy.

And

As a matter of fact, solar energy is now cheaper!

ramaju: I know the plan. Sell it to Lagos State and Tinubu will buy it from them at high discounted low price.

Okija_juju:

Actually, Rivers State government is building alot of sub-stations in preparation for an aggressive move to remove Rivers State from the National grid.

@ Topic: I dont think it is wise for Lagos State government to buy any distribution companies.. Even the issue of the National Theatre sef, Fashola should remember that he would not be in power forever. He may be full of zeal and will but I doubt we would be able to say that for his successor. Rather than clamour to buy it outright, a system whereby a 40/60 ownership can be arranged with a private firm would be good. maybe even sell shares and stuff like that. But whatever it is, I don’t want Government to be involved in anything other than administrative work.

superbloke:
But the Rivers state government is managing a huge power project for port harcourt. Why would Lagos not be able to do same?

ZUBY77: Dear Lagos state,
The federal govt is trying to privatize these things for effective management. Why would it sell it to another govt establishment?
Govt regimes are bound to change every four or eight years in every state. How do you plan to transit from the current govt to the future one especially when it comes to these structures. No, we want it in the hands of individual companies .

I will not be surprised when the bigots turn this into ACN vs PDP

ol2012: D power project being promoted by d Rivers state govt is a GENERATION & not a DISTRIBUTION company. All distribution companies unbundled from PHCN were offered 2 d private sector with about 10% stake(not sure) reserved 4 govts of their host states. The power sector reform act makes provision for every interested investor(local/foreign)as well as govts(federal, state & even financially capable local govts) 2 invest in d power GENERATION segment of d emerging power market.

superbloke:
But the Rivers state government is managing a huge power project for port harcourt. Why would Lagos not be able to do same?

Venchy: Politicians and political Parties jeopardise the development of the country with their foolishness.

Federal Government is useless and they refuse to give power to each states to be responsible for their own development without fear of FEDERAL GOVERNMENT intervention.

Development of the states and the entire country should be their priority rather than been an antagonist to states progress, after all all federal roads are death traps.

[size=15pt]Power show na wrong show oo[/size], it's supposed to be used for development of your land and help your people but it's never the case in NIGERIA.

akorlade: Has the lagos state goverment finished managing the TBS?

ZUBY77: Dear Lagos state,
The federal govt is trying to privatize these things for effective management. Why would it sell it to another govt establishment?
Govt regimes are bound to change every four or eight years in every state. How do you plan to transit from the current govt to the future one especially when it comes to these structures. No, we want it in the hands of individual companies .

I will not be surprised when the bigots turn this into ACN vs PDP

ewet: WHEN WIL WE SEIZE TO PLAY POLITICS WITH EVRY THNG IN THIS COUNTRY.IF STATES SEE THE NEED TO TAKE POCESSION OF INSFRACTRUCTURE IN THEIR DOMAINS FROM THE FG SO BE IT.IF ANYTHNG GOES WRONG WE WILL KNW WHO TO BLAME.

I KNW THE LASG WILL DO A WONDERFULL TRANSFORMATION TO THE NATIONAL THEATHER BY MAKING IT AN EDIFICE OF WORLD REPUTE.AND ON POWER THE LASG WILL BE ABLE TO PROVIDE EFFICIENT POWER FOR THE STATE AND BEYOND IF THY ARE HANDED THIS POWER COMPANIES.

ol2012: D power project being promoted by d Rivers state govt is a GENERATION & not a DISTRIBUTION company. All distribution companies unbundled from PHCN were offered 2 d private sector with about 10% stake(not sure) reserved 4 govts of their host states. The power sector reform act makes provision for every interested investor(local/foreign)as well as govts(federal, state & even financially capable local govts) 2 invest in d power GENERATION segment of d emerging power market.

lastpage:

Zuby,
[b]While l can relate to your "comcerns" up there (efficiency), l will like to point out that there are some "critical structrures" of governance which cannot be left in the hands of "private individuals" entirely.

For example, no nation will privatize its security entirely.
The reason is that private investors are ONLY after PROFIT but in some enterprise, safety, continuity and social relavance trumps "profit" on the ladder of priority.

We have experience of where Govt have sold "National Assets" to individuals and all they did is

1.)Cash-in on its valuable assets
2.)Strip it down
3.) Abandon it afterwrads and look for the next "Govt freebee" to buy.
....and it is the "masses" who suffers attendant consequences.

Examples are our Steel Industries, NITEL, NICON, and even Jimoh Ibrahim bought Nigeria Airways (Skypower or Air Nigeria) and where are those "companies" today? Stripped, Gone and buried!

Every "sane" country has a national carrier... except the "Giant of Africa"!
Should we "privatize" the Nigerian Army or Police, to make it more efficient?

Since the Govt is bent on selling the Power projects in Lagos, "if" Lagos State feels it can manage it properly and more efficiently on behalf of its populace and to improve its local economy (as stated by Ipaye, power is the worst enemy of Lagos ...or any place that wants to develop, for that matter)....

.....Does it not make sense to sell it to them and let them manage it?

Lagos Residents can be asked to "buy shares in it" and let it be run by Technocrats while the Govt keeps "an eye" on it.
A kind of quasi-private enterprise.

If sold to an individual (and we all know how these Assets are first UNDERVALUED ... in order to make "asset stripping" profitable for the buyer, which will surely be the end-result) and it goes the same way of other "privatized enterprises" of Govt. .......who is the loser?

The people of Lagos... and Nigerians as a whole!
Or is it just "Politics as usual"? PDP Vs. APC (or whatever they call themselves)
[/b]
cheers.

Lastpage.

ebdib:

Are you intentionally trying to be slow?
It is in the process of being privatized and you're here saying they should give a chance to a state government

ZUBY77: Dear Lagos state,
The federal govt is trying to privatize these things for effective management. Why would it sell it to another govt establishment?
Govt regimes are bound to change every four or eight years in every state. How do you plan to transit from the current govt to the future one especially when it comes to these structures. No, we want it in the hands of individual companies .

I will not be surprised when the bigots turn this into ACN vs PDP

aanumama: Na bad belle dey worry FG

superbloke:
Fair enough. But is there a legislation that prohibits state govts from investing in distribution? Don't get me wrong, i'm for privatization and all, but sometimes it may be risky to just sell all stake to private companies, especially when it comes to important infrastructure like this. The 10% share or more you talked about is what i'm all about, like it has been said by a few posters, while the private investors take control of day to day running/management of the company.

taharqa: God bless you. It is always reassuring to read d comment of a knowledgeable person, esp when Ignorants who shut ordinarily keep their mouths SHUT mk d loudest sound... Again, God bless you

ewet: WHEN WIL WE SEIZE TO PLAY POLITICS WITH EVRY THNG IN THIS COUNTRY.IF STATES SEE THE NEED TO TAKE POCESSION OF INSFRACTRUCTURE IN THEIR DOMAINS FROM THE FG SO BE IT.IF ANYTHNG GOES WRONG WE WILL KNW WHO TO BLAME.

I KNW THE LASG WILL DO A WONDERFULL TRANSFORMATION TO THE NATIONAL THEATHER BY MAKING IT AN EDIFICE OF WORLD REPUTE.AND ON POWER THE LASG WILL BE ABLE TO PROVIDE EFFICIENT POWER FOR THE STATE AND BEYOND IF THY ARE HANDED THIS POWER COMPANIES.
With this kind of comment, I see you as a worthy comrade to Musiwa and SimonAndal. Enjoy your new found Fame(infamy). In case you don't know,Organic Psychoses is managable, if one presents himself early enough.

ZUBY77: Dear Lagos state,
The federal govt is trying to privatize these things for effective management. Why would it sell it to another govt establishment?
Govt regimes are bound to change every four or eight years in every state. How do you plan to transit from the current govt to the future one especially when it comes to these structures. No, we want it in the hands of individual companies .

I will not be surprised when the bigots turn this into ACN vs PDP

superbloke:
Fair enough. But is there a legislation that prohibits state govts from investing in distribution? Don't get me wrong, i'm for privatization and all, but sometimes it may be risky to just sell all stake to private companies, especially when it comes to important infrastructure like this. The 10% share or more you talked about is what i'm all about, like it has been said by a few posters, while the private investors take control of day to day running/management of the company.

Gbawe:

By selling DISCO to Abdulsalami and co with no previous capacity or expertise to operate in the sector? What caused the fuel subsidy scam again? Look, the privatisation of the power sector is a good thing but there should always be the flexibility to give deserving States the chance to craft unique solutions to match their own specific needs. State privatisation should be an option if we are in a purist federal arrangement. This will not be the first time the FG has played politics to impede the progress of Lagos. OBJ even made it virtually FG policy to say an outright No, even before he has considered the argument, to anything Lagos suggested.

Not too long ago on this forum we all praised the coming of legislation to allow States generate and distribute power. Is that not virtually State privatised power solution? Is it then not inane that States cannot submit bids to run Distribution Companies? What is the problem, when legislation is already in place giving States distribution autonomy in the sector, with letting Lagos acquire distribution Companies within it's border?

When has privatisation meant excluding States from bidding meritoriously for considerations that should be open to all? Is it not obvious that this is then no longer "privatisation" in the strict sense of the word? Look deeper and , like the fuel subsidy scam, you will see the same desire for a few to keep their hands in the cookie jar through favoured/selected cronies. Tell me where this rejection puts the thread below where virtually all Nairalanders, including myself, praised the positive effort of the FG. Logically inspected, without sentiments and in view of latest developments backed by legislation, does the refusal of the FG not appear like sabotage of Lagos to you?

https://www.nairaland.com/818599/states-begin-power-distribution-january

ebdib:


So the state governments are performing? Wow...... This is a new discovery.

ZUBY77:

Then we should concentrate on wrestling it away from Rivers state.
Not giving more out to other states.

Have you ever imagined what MTN, GLO and etisalat would have been if govt is managing them

superbloke:
But the Rivers state government is managing a huge power project for port harcourt. Why would Lagos not be able to do same?