How does it affect those of us that sell generators

Mere illusion. Na 2day bilion billion sumtin sumtin insyd power?

Fresh Hurricane -- Soon the dark days will be over

Fresh Prince of Bel-Air.....

WE' VE HAD THAT B4 SAY ANOTHER ONE.

Thank you World Bank...can't stop crying!

hummmmmn, Nija again

But the time power outage becomes a thing of the past in nigeria,even the opposition parties would be forced to testify that this fresh air has escalated to fresh hurricane.fresh air till 2019

So $1 billion ~ #160 million can only generate a meagre 1500MW?

Is electricity that expensive to generate?

Abracadabra, our money name I'm dem dey give us, after dem go say we dey owe dem
mtcheeew, permanent slavery.

neupert: How does it affect those of us that sell generators

liase wit distribution coy and get a stake.

World bank we are very thankful for this kind gesture may ur purse never run dry. Please world bank we in Nigeria would appreciate it if u could go the extra mile of sending monitors and inspectors to monitor the implementation of this funds i beg you world bank biko

Still Imperialism the highest stage of capitalism......Wish the govt can come out straight and tell us the conditions attached to this loan or fund no matter what you call it. Can't we do anything on our own without bretton wood institutions....You think world bank will just pump in funds without gaining anything. We still have a long way to go.God bless Nigeria. Ghana not as rich as Nigeria could boast of good power supply without the intervention on this western exploiters. Nigeria keep dancing to their tune. Ko wo je govt

Most Yoruba guys here doesn't seem to like JEG and laudable projects. WHY?

That will be a welcome development only if that will bring a good result.

GOODLUCK TO U,
GOODLUCK TO ME,
GOODLUCK TO EVERYBODY,
GOODLUCK NIGERIA

spenca: This is slavery ,soon power bills will be a big deal

Well yeah!!! What d oda option "No light" cos u dey fear bill, will learn how to live like d british, dem dey use electricity only when it is necessary. Nigerians will learn how to conserve electricity.

Anything involving the world bank is not a good idea!

Up GEJ.

I really do hope this is a positive thing and would put an end to our blackout days...however, anyone who has read the book "Confessions of an Economic Hitman" would understand my scepticism.

TribalEAST: My dream is to share in that loot

You no serious!!!!!!!

TribalEAST: My dream is to share in that loot

You are a thief

another money going down the drain....

karl max: Posted by: Channels Television Posted date: October 02, 2013

The World Bank has decided to invest in Nigeria’s power sector with the sum of $1 billion.

This grant is expected to accelerate the post privatisation process of the power sector.

The international finance corporation, a member of the World Bank says it will make long term loan financing available to the sector because of the potentials it presents.

This amount is to be shared among three distribution and generation companies that won the privatisation bid.

IFC is set to provide financing to mobilize funds for one power generation company and also planning to invest in another power generation company, with further plans to support up to three power distribution companies. These projects will add 1, 500 MW to Nigeria’s grid and are part of the World Bank Group’s intervention in the sector, which is built into the Group’s Energy Business Plan.

http://www.channelstv.com/home/2013/10/02/world-bank-to-invest-1-billion-in-nigerias-power-sector/?utm_source=&utm_medium=twitter

$1b = $160b = 1500MW?
We still have a very long way to go o considering our total requirement. Na small small sha.

$1B loan/grant from World Bank? Nigeria would be better off with a loan/grant from the Mafia. Those celebrating....ask yourself why you will never know the conditions of the loan. When you get your bill just do not think they made a big mistake. I am not sure which will come first....repayment of the loan or the power generators become obsolete.

.

Power is business and thank God GEJ has opened up the sector,....For those saying that the loan will be looted away,....this loan will be given to business men and they will invest it to pay back just like dangote wants to do,.....team fresh air benin zone,..:*

uken73:

Why do you think so. If you have constant power, there will definitely be more hours to bill and of course, you will have to pay more. But even if the rate is higher, but reasonable, I thing it's still a good thing. Just be in a productive venture and you should afford to pay the bills.

Its not bou the increase in bill due to a state of constant power but the extortion of this due to the fact that those investors would be seeking for dividend or let the govt come out and tell us wah is in for the IBRD

flowales: Still Imperialism the highest stage of capitalism......Wish the govt can come out straight and tell us the conditions attached to this loan or fund no matter what you call it. Can't we do anything on our own without bretton wood institutions....You think world bank will just pump in funds without gaining anything. We still have a long way to go.God bless Nigeria. Ghana not as rich as Nigeria could boast of good power supply without the intervention on this western exploiters. Nigeria keep dancing to their tune. Ko wo je govt

You seem to be the only one seeing this decoy the way i see it ,
I will always say ,great men think alike