theshadyexpress: Some Jonathan Giant Strides in less than 3 years
SOME GIANT STRIDES OF OUR DEAR PRESIDENT FOR DOUBTING THOMAS TO SEE .

POWER

• President Goodluck Jonathan administration Launch the Roadmap for Power Sector Reform. The Roadmap launched sets out a clear implementation plan of the Electricity Power Sector Reform Act (2005) as a reaffirmation of the commitment to resolve the power crises and setting the path for power sector Improvement.

• The Re-instatement of the Nigerian Electricity Regulatory Commission. The regulatory body was strengthened with a new Chairman and Commissioners sworn in for the purpose of providing appropriate regulatory functions for the electricity market in Nigeria.

•He unbundled the Power Holding Company of Nigeria (PHCN) into 18 successor companies for greater efficiency and effectiveness in power generation and distribution.

• Apart from the creation of the Nigerian Bulk Electricity Trading Plc. The President inaugurated the CEO and board of the Nigerian Bulk Electricity Trading Plc (also known as the Bulk Trader) in August 2011. The requisite environment for private sector investment in the Nigerian Power Sector has been created by establishing a credit-worthy offtaker of power, NBET Plc, who provides confidence to the power generating companies that they will be paid for power produced.

• He launched the Energy Efficiency and Energy Conservation Lighting Scheme. This is to promote and encourage the use of energy efficient bulbs and lighting systems in order to create an energy conservation culture

• The Federal Government of Nigeria entered into an MOU with worldwide leaders in the power sector, General Electric. The MoU stipulates that General Electric will invest up to 15 percent equity in power projects in the country summing up to 10,00MW capacity by the year 2020. General Electric also proposes to establish local packaging facility for small aero-derivative turbines in Nigeria which will promote job creation.

• He facilitated the signing of a Memorandum of Understanding with the US- ExIm Bank. The Ex-Im Bank of the United States of America signed an MoU with the Federal Government of Nigeria to provide an investment window of up to $1.5BN for investors willing to invest in the Nigerian Power Sector.Please NOTE this is the first time such quantum of money will ever be made available by the US Exim Bank for a specific sector in Africa.

•He has improved the power generation from around 2000 megawatts to 4502 megawatts in December 2012 the highest since Nigeria returned to democratic rule in 1999.

•All ten Power Plants under the National Integrated Power Projects (NIPP) scheme are not only commissioned but set for usage.

•Improved power supply has been boosted in part by the emergency declared in the Gas sector last year by President Jonathan. At the time gas supply was insufficient. But now, thanks to the intervention by Mr. President, Nigeria now produces more gas than is required for domestic consumption.

•For more efficient power supply, the Jonathan administration has privatized the power distribution companies (DISCOs) under a most transparent bid process.

•Today, large parts of an unprecedented number of cities and towns across the country are enjoying between 14 to 16 hours of uninterrupted power supply, except in some few areas where localized problems of power distribution network have created bottlenecks for smooth transmission.

Addendum: Solar Power Supply System has been launched for the rural areas

•In line with global best practices and the principal aim of the Nigerian Extractive industry and Transparency Initiative (NEITI), President Jonathan recently forwarded the Petroleum Industry Bill to the National Assembly for passage into law.

The PIB is no where close to the best practices in the world, as a matter of fact, under the gas reform, your PIB suggests flaring permit for companies who wish not to stop flaring from the office of the minister who happens to be the founder of the PIB,
where in the world does that happen?

your PIB outlined the DSO as the Gas shortage solution, where in the world does that happen?

•By the time the Petroleum Industry Bill is passed into law, Nigeria would have successfully broken the jinx of being a Nation where global business rules and practices are flouted with impunity. Estimated annual earnings of 680 billion dollars would be added to our Gross Domestic product. Crude oil theft and other sharp practices are also being combated with much vigor by various security and regulatory agencies on the president’s instructions.

I wish I was a m0r0n to believe that crap you wrote up there. which part of the PIB guarantees the above? the failed statisticians in the fed bureau of statistics has the right to be throwing figures around, not my problem, where is the 680 billion USD gonna come from where 40% of your oil is stolen,

•Furthermore, the fuel subsidy regime which had been a conduit pipe through which huge funds were siphoned from the National treasury has been subjected to forensic scrutiny by various agencies and committees set up by Mr. President in the last twelve months.

•The Aig-Imoukhuede Presidential committee on verification and reconciliation of subsidy claims and payments led to the arrest and arraignment of a number of individuals and firms by the EFCC.

•It is also on record that the president, upon receipt of the House of Representatives subsidy probe panel report, forwarded same to relevant security agencies with a firm instruction that there must be no sacred cows in the prosecution of culpable individuals and corporate entities and this is on-going.

•The on-going implementation of this and other reports has resulted in huge savings of money hitherto stolen by corrupt public officials.

•These are initiatives which had not been taken by any other previous government

forming committees is an achievement, by the way, where are the new refineries promised us during the subsidy crises?