hatch#:

Yet they have 10 billion to lavish on 50 years of nothing and 900 million on idiots going to SA for the world cup ! Bunch of misplaced priority goons.
[/quote/]i guess wasting such amount of money on a party is more important to our president than having electricity.shame on him

Kobojunkie:

What exactly will dividing in response to this do to help the situation?

freegaza:

[b]We’ve no money to fix power sector –FG[/b]
Written by Fidelis Mac-Leva   
Tuesday, 22 June 2010 00:00
Even with President Goodluck Jonathan taking charge of the power sector, the days of darkness in Nigeria may yet be over as the Federal government says it cannot afford the $6billion required annually to sustain the country’s power needs.

This submission was made known by the Minister of State for Power, Nuhu Somo Wya, while addressing electricity workers during a facility visit to the Jebba hydroelectric power plant in Niger State.

“Nigeria would require $6billion annually to meet the Nation’s aspirations for the actualization of vision 20:2020 through sustaining the electricity needs of the country”, Wya said, stressing, however, that “government does not have this kind of money to power the energy needs of the economy hence the resort to seeking the intervention of mega financial institutions on the energy crisis.”

According to him, these institutions have been reluctant to commit public funds into public enterprises run by government because governments are not known to be committed, efficient and profit-oriented managers of public enterprises.

The minister said the abject poverty level among Nigerians is unacceptable in a country richly blessed with abundant human and natural resources.

Wya said the president assumed the leadership of the power sector to underscore the priority the government attaches to the power infrastructure, adding “the President is depressed whenever a comparative report of power output of nations less endowed than Nigeria is presented to him.”

While allaying the fears of electricity workers over the possibility of rationalisation, the minister explained that the ongoing reforms in the sector were meant to encourage private public participation in order to meet the yearnings of Nigerians in the power sector.

Last year the sum of $5.3billion was withdrawn from the excess crude account to fix the power sector with no remarkable result. The Central Bank of Nigeria(CBN) has also announced a N500billion rescue package to fix the manufacturing sector including power.

Sky Blue:

For how long would the federal government continue to hold everyone down? If you want to fix the power problem give states authority to develop their power infrastructure for their own consumption. The federal government has failed in the power sector, period. Let states that want to develop develop and those that don't want to let them stay like that, this is getting silly.

na_so:

some of us are just being overreactive here.

According to him, these institutions have been reluctant to commit public funds into public enterprises run by government because governments are not known to be committed, efficient and profit-oriented managers of public enterprises.

For how long will u Nigerians continue to do the same thing over again and expect a different result?

Why in the world would u want the GOVT to put money into Power?
How have they run NITEL,NIGERIAN AIRWAYS,RAILWAYS,AJAOKUTA,REFINERIES etc Huh

This news is the best thing that can happen
Let the GOVT hands off power immediately. . they should not spend one more dime on it

Privatise the damn thing,sell those Power plants and let those that Know how to run things come and run them

Your GOVT budgets peanuts every yr and u expect power to improve
what is budgeted is stolen,because even if u spend it well,it cannot do what is necessary to be done on Transmission Infrastructure alone
Never mind building of new Power plants

Power is capital Intensive. .we are talking tens of billions of dollars here
The day NEPA will be as irrelevant as NITEL in Nigeria is the day u guys should be praying for
Not useless GOVT spending that leads to nowhere

why dont u guys go and complain that GOVT is not spending money on NITEL too. . nonsense

@paddy lo,
u sound very very informed and wise. so on what do u think govt shld spend money? maybe on independent celebration? do u know the different between armenities and basic armenities? do u think the Fg shld also privatize our roads as we are about seeing in lagos - lekki axis in particular?
at the end of your suggested privatization of all sectors, what wld u suggest for aso rock because there will be no need for a president, senators, govs and others?

How does oil-less Ghana do it? There's constant electricity. The place is so different they might be on separate continents. And the revenue from electricity consumers nko, abi it's free? Why don't they privatise it, like some countries in Europe? Like the cell phone communication providers took over from NITEL, have multiple electricity providers take over from PHCN.

hdwada:

We should send Jonathan there for a training course