sokus:

Lets be analytical with our replies rather than spewing rubbish because we have the opportunity to[b].Okonjo is a world class economist and is widely exposed to laws and processes that deal with international business contractual agreements.[/b]You saying Uncle Joe should make her the PM implies that you haven't been following the affairs of the economy closely.When Sanusi was churning out inconsistent policies after the other, even intervening in sectors not within his jurisdiction, no one raised any issue about he being the biblical Joseph.
Her being the coordinator is crucial because there is a strong correlation between energy, growth and development and from Jonathan's conduct, it is clear his mandate is the economy.Rather than joining the mob, please be silent if you don't have anything meaningful to contribute.

valacious:

I dont want to know if it's a blind or deaf person dat's n charge, i just want 24hrs power supply. Enough of dis junk propaganda.

Eko Ile:

This single act alone just nailed us back to square one. Nigeria is realy a funny animal with dangerouly cruel, clueless and incompetent people. This is the government road block and red tape, the new corrupt government agency with authority to guarantee and pay for or waste our money on a broken sytem the government created and continue  create.

The question is,  Why are they reinserting themselves into what they really should be getting out of? Obviously, there is too much money tied to the power sector, the same money these corrupt people are not ready to give up. With billions of budgeted dollars every year, the power sector remains the most lucrative avenue of corruption for these corrupt people and I'm really not suppriced they are setting up another supper agency to protect their corruption pipeline.

Our federal government is to corrupt and  incompetent to make anything work in Nigeria. They have zero business in the utility sector, their only foot print should be one single unit within the existing trade or commerce ministry regulating the sector, not the tons of agency duplicating themselves and acting as stumbling blocks to our national development.

When we see states like Lagos with serious plans on the table and the way they've built 2 IPPs within months to guarantee steady power supply to hospitals and government institutions with dedicated underground cables,  It shows what serious Nigerians are capable of doing, unfortunately, our own federal government is the enemy standing in our way and keeping us in darkness and with this new and duplicating irrelevant government agency, they just opined to us that we are going to remain in darkness.


Until these corrupt and incompetent people wash their hands off and let go the power sector

Eko Ile:

What's you misguided and irrelevant rubbish got to do with anything?  What ever this irrelevant new agency was created for has nothing to do with power generation or transmission, it's basically saying we have government money to give away to any player with any filed claim of business related loss. Business is a game of win or lose and when businesses win, do they pay their win to the government or the tax payers? No they don't.

This pointless policy stands only to assure and give our money to worthless entities resolvable for putting us in darkness, not to generate and transmit 1 extra MW of power.

Private entities know how to invest, operate and make profit, we don't need the government standing at the gate with new red tapes and our money to guarantee failure by crooked and incompetent people. Where is the incentive to do good and deliver when taxpayers money is waiting for you to collect? There is risk in everything we do in life, even the gala seller is not immune to risk, so who is guaranteeing his risk?

About Fashola. Obviously, you are too gullible to see beyond your nose. He built 2 IPPs not overnight, but within 2 years and not in decades with 30 billion dollars and still continued darkness.  Too bad he didnt have the 30 billion dollars to electrify the whole of Nigeria like these incompetent and corrupt people.

This new gimmick is only telling some people that government money is available to reward them for failure.

Btw, the new power policy he unveiled was to deregulate and get the government out of the power sector right? So why are they staking a whole new agency to keep the in the game for good with our money to give away?

occam:

Mr President says “we are unfortunately faced with a situation where our power distribution companies find it challenging to collect enough revenue from their customers to pay for powers they receive from generating companies. In this situation, potential investors do not have the confidence that when they produce and deliver power, they will receive payment, so, they will not be encouraged to invest in the sector".

REALLY!

Well, this is the same challenge a lot of small and medium businesses face in Nigeria; but they have to figure out ways to collect money from customers. This is the risk of doing business in Nigeria. Why should govt. shield anyone? These are business investors and they should bake in the risk of revenue collections in their projections. The President sets up a board to stabilize the market and ensure "revenue certainty" Hmmn this looks similar to the old and corrupt Agricultural Marketing boards.

Know why consumers don't pay their bills? Because they don't get regular supply of electricity.

This constant policy announcement and the President's desire to ensure constant electricity is not what Nigerians want to hear. GEJ should give us specific goals e.g. 18 hours of constant electricity in all by 2014 or 24 hrs by 2016. We don't need to know if 100,000 MW has to be generated to achieve this.

Also, aren't you putting too much Okonjo Iweala's plate?

naijababe:

So what exactly is the the minister of power's job again? SMH!!!

occam:

Exactly. Why ask Iweala to head this board when you have a Minister of Power; GEJ is asking her to do too much.

Kobojunkie:

um . . . . . Why is the woman herself declaring she can do it all? She will create jobs, fix electricity . . . in fact do every ministries work, na who send am??

blink182:

@Occam, you should know by now your president is clueless and this woman is prime minister

Kobojunkie:

um . . . . . Why is the woman herself declaring she can do it all? She will create jobs, fix electricity . . . in fact do every ministries work, na who send am??