The full privatisation of the sector will also be based on working out a new Multi Year Tariff Order (MYTO), said the Presidency source, suggesting that the current MYTO would be reviewed. "The current MYTO is not reflective of cost of production. The new MYTO will reflect this to attract investors"

Tmoni:

I totally support this move if I have to pay more money or even the same amount for running a generator to get 24/7 electricity then so be it

@ least, the fuel and diesel will be enough for cars and people do not have to risk storing highly flammable liquids at home

If this process is executed properly, it will be the best thing Democracy has done to the nation, by far outweighing GSM

Then hopefully, people now have the chance to switch suppliers i.e if i do no like the customer service of Zenon (I presume he will buy), I can easily sign up with Oando (will expect them there)

Theres job opportunities and loads of genuine wealth creation for all of us

Heck, they can even build the nuclear power plant I was talking about earlier,

netotse:

that wont be possible in nigeria, dont know if it's possible outside nigeria sef, it'll require running seperate distribution networks. . .financially that doesn't make sense!

Beaf:

It happens the World over and it surely doesn't need separate distribution networks. All power suppliers will rent the alluminum and copper lines that bring power to the home, all they have to do for customers is supply power.

Tmoni:

@ netose, during the initial stages that might not be possible but going on long term it should be possible

i recently switched from EDF to npower and it all still runs on the same network, infact the only difference is the Letter Head on the bill and the price

We will expect each region to be awarded at least 2 companies for competition, better customer service and to stiffle monopoly

having just one Distribution company will not be the best but its a start, Government should only regulate the industry and stay the hell outta it

i wiil try and investigate how this is viable (switching suppliers) and report back

2011 campaign, it seems you all forget easily, what happend to "power for all by the year 2000" mantra by OBJ

presido1:

2011 campaign, it seems you all forget easily, what happend to "power for all by the year 2000" mantra by OBJ. It turns out to be darkness for you all by the 2010 and beyond.

oyb:

considering the disastrous sale of nitel, the on off and eventually canceled sale of ph refinery. . .investors will be very very cautious

the power industry is VERY capital intensive, with ROI spanning 20 or more years.

more to the point most of phcn's infrastructure in my own experience is 20 years out of date, meaning that any investor is going to have to start from scratch, very big investment

anyway, lets see, if my memory serves me right, phcn was unbundled some to years ago, or something to that effect. . .

in nigeria, where you can only guarantee ROI within an administration. . .

naijaking1:

Despite some obvious problems with sale of NITEL, the fact that we have open market in the telephone industry today remains one of OBJs legacies. There's no way to kill, skin, and share a cow without making some kind of mess. We should always focus on the bigger picture.
I have always said that we'll never have steady power supply until we privatize the industry. We have to creat an incentive for business to want to supply power for 24 hours rather than 12 hours. It's neither going to be cheaper, nor easier, but at the end we should have reason power supply.

naijaking1:

^^^^
Nobody is lecturing anybody. There's no way to break-up an old and gigantic utility like PHCN without making some mistakes, errors, etc, and even have somepeople crying foul, but we should stick to the big picture. 'The need to do it right' has been one of the arguments people advance as a reason to stick with the old system

paddy_lo:

Goodluck Ebele Jonathan. . . This man will change Nigeria. . just watch. . .This is awesome. . .