seguno2:


How did he try to stop it?
Links from credible sources

BreconHills:


Can you see any tribalism in my statement.

How can a Genco with its own private gas supply lack funds? The gas alone is worth more than the initial $5m raised.

Rather, itwas competing claims over the award process. The same franchise was resold to Interstate
Electric and in 2013 the BPE listed the assets as belonging to Enugu Distribution Company. That logjam like the one over Zunguru persisted until this
administration.

In order to honour a worthy achievement by a great man one does not denigrate the efforts of others. As I said listen to the speech that will be read by Barth and learn what actually happened.

https://guardian.ng/opinion/what-is-stalling-the-aba-power-plant/

Soon after the creation of the Presidential Task Force on Power (PTFP) in 2011, then President Jonathan expressed strong commitment to a new dawn in the electricity sector when he said, “As President and Commander-in-Chief of the Armed Forces, I and my Vice President, Arc. Namadi Sambo, are conscious that what we do with the Nigerian electricity supply industry will go a long way in determining whether Nigeria remains in darkness or joins the rest of the world in the race for development.

Our commitment is to bring an end to our nation’s stunted growth and usher in the fresh air of prosperity by pursuing a new era of sector-wide reform which is driven by improved service delivery to every class of customers in the Nigerian electricity sector.”

There is no doubt that Jonathan’s government took steps to realise this goal. It was the president’s commitment that led to the unbundling of the omnibus PHCN since November 1, 2013 when private companies took over across the country. This is what many of us have been advocating but which has not turned out to meet the expectations.

It was under that same reform programme that Geometric Power Limited (GPL) was licensed to help bridge the electricity gap.

The company reportedly invested a whopping $500 million (about N81 billion), to build the state-of-the-art power plant designed to supply uninterrupted power to Aba and environs.

This huge investment is now laying waste, while the responsible government agencies dilly-dally.

There have been reports that high-wire politicking between the National Council on Privatization (NCP) and the Bureau of Public Enterprises (BPE) is stalling the power plant.

seguno2:


How did he try to stop it?
Links from credible sources

MasterTeeUSA:
The company has also paid the mandatory $26 million acquisition fee to the Federal Government.

Trouble started when the President Goodluck Jonathan administration privatised power assets and the Aba Ring Fence area was wrongly lumped into the EEDC and sold to Integrated Electricity as a single asset.

The development led to a series of legal bouts that eventually ended with the formal hand over on Wednesday in Abuja, at the headquarters of the Bureau of Public Enterprises (BPE).


I love how they wrongly did that in Nigeria LOL

Gajagojo:


President Good luck Jonathan government?
Who was the power minister when all this "trouble started"

Gajagojo:


President Good luck Jonathan government?
Who was the power minister when all this "trouble started"

Quest7777:



This is one of the keys for Industrialisation needed for Nigeria to bounce back as Giant of Africa. 👍

MasterTeeUSA:
Minister of Power
1. Jonathan Goodluck
2. Arc. Nuhu Somo Wya


Minister of Petroleum Resources
1. Mrs. Deziani Alison-Madueke

Omoawoke:
Tinubu govenrment will stand out to be the best we have had. The early challenges will overcome and Nigeria will be great again

Gajagojo:

Yes bugAboo state government has equity Yes or no?
Dangote refinery is a private company too but Ibos complain about the help he gets from government

betshopagent:
APC morons like you don't have shame! You all were jubilating that you messiah built something that an individual built. After correcting your lies, zombies like you have shifted to saying "Tinubu signed it". una shame dey catch me. If the federal government build am, their hand go commot?

Massiveglory:


So u have quickly claimed geometric as tinubu build project
Ronu, una really need award.

Frezhkid10:

The federal government can build it..but instead they decided to formulate policies to enable growth and that is how a normal government should be run..
If he has not signed that policy…even if they started building in Buhari’s era they will end up delivering all the power generated from that station to the national grid..
Who go come lose??🤷‍♀️🤷‍♀️..the neighboring community in which that plant operates.

Honeybadgerxx:
You will see multitude of easterners that will go welcome or cheer Tinubu up at that venue. Which now makes me wonder the percentage of those clamouring for Biafra nation.

Omoawoke:


I say what I say….

When the decision was made to float the naira, I was among the people that said it was a bad decision. You can try tracing my post even here on Nairaland. I criticized it from the very beginning. I’m not an extremist or blind follower. And my mouth has not changed that things will be gotten right eventually, he made a mistake, but things will work eventually. But for Peter Obi, never ever will Peter obi be the better choice for Nigeria

chopnaira:
I hope PO was sent an invite LMAO

NovusHomo:


In what capacity?

NovusHomo:


In what capacity?

chopnaira:
I hope PO was sent an invite LMAO

Appletek:


Midnight for your village na morning for various countries. Travel and see, you no gree.

Gajagojo:


What year specifically was This ? I do not recall Jonathan being Minister of Power
Do you have a source for this?

Honeybadgerxx:
You will see multitude of easterners that will go welcome or cheer Tinubu up at that venue. Which now makes me wonder the percentage of those clamouring for Biafra nation.