..and what is the fate of PHCN Staff with the new investors.

ikwere militant: bad belle if u dont lyk gejs work pls join a party nd contest d nxt electn

exactly, guy 4 ur information GEJ has paid off PHCN any gud technical person can now be retain. GEJ has brake record in d history of Nigeria again. OBJ gives us GSm, now is GEJ giving us private light. Is a gud one.

mustybrown: my dad hav serve that company 4 over 13 years and not even single dime was given to him as pay off. So shot up

I beg make u ask ur Papa very well o! The guy fit to dey fear the demand una go make of him

Let us all be prayerful that the privatization works out fine, that's the main thing.

And another powerful question, who are these so called private investors, are they not the same pple that stole nigerian funds or are they foreign investors like the mtn, etisalat an co?

i would be so much confident if these investors were to be foreign investors cos who really mean business.

I'll only be glad about it only if it ends the power epilepsy that has continued in the country for a very long time now

What wud be d fate of PHCN Pensioneers?

What wud be d fate of PHCN Pensioneers?

Having gone through all the pages of the thread, I can see that the comments have been largely divided although not equally along the pro and the anti power privatisation policy.

Before I lay bare my fears about the policy, let me quickly say that privatisation is not a monster and maybe the turning point to power supply in Nigeria.

Having said that, there are some truths about the results of this privatisation process that has not been laid bare.

Firstly, from my understanding of the process, I may be wrong, I am open to correction, we have just replaced phcn with another monster. The will be no competiton, the 18 discos and 6 gencos were sold to private owners. While there could be some form of competition between the gencos, I very much doubt the discos. For example, I am under the Ibadan Disco, now owned by Abulsalam, I have nothing against him, his tribe or his company but he is in direct control of the power distribution in the whole of Ibadan, Oyo state and his environs which could include some parts of Ogun state, he is absolutely in charge, without proper legislation and monitoring, we are just in the hand of another shylock investor.

Secondly, the infrastructure required for generation, transmission and distribution of electrical power cannot be installed over night. Infact, some of the equipments are not off the shelf, meaning they have to be manufactured and shipped to Nigeria for installation with lead times ranging from between 6months and even 2years. Do Not Expect so much change in power distribution in the next one year and this is assuming that the new owners are greater than 85% efficient.

While we await the transformation that this process is about to bring, we should also not forget the attendant cost implication of a stable and steady power supply. Infact, I foresee an increase of between 600 and 1000% in the coming months.

Edits: Permit spelling errors and puntuation, I typed this on a phone.

Like I said earlier, this is my understanding of the process, I am open to constructive discussion on the points that I have tried to explain above.

This is a welcome development. We now need to wait and see what happens. Personally, I think there is a lot of money in the current tariff structure if they would invest money in installing prepaid meter cos there are people paying 500 in bribe to PHCN staff monthly and using light to run a business.

The salary structure for more than half of the workforce was really such that collecting money from the populace was really unavoidable. At 2009 when I was close with people who worked for PHCN I knew some were paid 5000 a month and often times this barely covered their transportation cost.

GEJ will definitely have my vote and my support if he pulls this one through.