udochika: With all the jobless electrical and mechanical engineers our universities produces year-in year-out, cant they buld a power plant ??, this kontery don tire me ohh!

ceejay80s: was about 2 say same thing! Once upon a time, time time

aasog1:

Power is not a small venture. GE is one of world leading brand, with their assets running into trillions of USD; and according to a little research, the smallest funds a start-up company willing to go into power business would require, starts from $100,000,000 upwards. I'm not talking about these Chinese companies that would sell you inverters you"d have to plug to a battery, or generator manufacturers, those are back-ups, and not real energy. So, do your maths in your Nigerian Naira.
And besides, banks dont loan this kind of money out....because when it comes to power, the ROI takes sometimes, 2-3 decades before they start coming. Even one of the world largest investment group: Berkshire and Hathaway, owned by Warren Buffet, never went anywhere near Power because it serves a board thats concerned in yearly dividends.
Its an extremely big business, not the type our half-baked mech and elect-engineer have an iota of idea about, or the capital to start.

moderattor: we are finished!
These americans will show us peper!
Steady power supply with enslaving tarrif!
Anyway sha
trust naija
if NEPA too cost we roll out our tiger generators!
Gbagaun!

blacksta: Please wake me , when they start building a plant until then na the usual talk and talk

shymmex:

Tell me one successful American project in Nigeria or West Africa? They only have exploitation corporations like Chevron and Exxon Mobil. American companies don't give a phuck about Nigeria. They see the Nigerian establishment as utterly corrupt - and they will join in the corruption.

What happened to corporations from countries like:

- China.
- South Africa.
- Brazil.
- South Korea.
- Iran (yes Iran).
- Canada.
- Germany

American and British companies in Nigeria are fraudulent! Another Halliburton project in Nigeria!

Low IQ and utterly corrupt leaders + stupid, retarded, and gullible followers = Nigeria

desthan: Forget all this red-necks. . .

Go get the Asians i.e Daewoo, Hyundai. . . . and the see magic

Exponental:

then, who was d minister of power? Wat knowledge had he in d power sector. No matter d amount, management is very very important.

However, $10 billion can still make a significant dent in the power needs of this nation, as it stands today.

Ozonna:

Spot on!!! Infact dis's a gud time 2 study Elect/Elect,mech and every course dat has 2 do wit Power generation. Those dat've degrees from foreign schools will ofcourse have more advantage getin employed. Cos I doubt if we have enuf well trained and qualified engineers to man d many power stations dat'll be acroSs d country in d next 5-10 yrs. We wouldn't wanna have plenty oyibos still here manning our power in next 50yrs just like d Oyel industry, do we?

pretty_boi:
.
.
I agree with you all the way from the beginning of your post to the very end of it. We are too gullible & never learn in this country. I love the idea of the whole deal,I'm only against the fact that we never learn in this country. Americans & britons don't give a Damn,they know how corrupt the Nigerian system is & they always get soo happy to join in the fun of corruption & as always,we never prosecute them. When are we going to start looking away from America & Britain everytime & connecting with other trustworthy & also efficient people? Your list for instance is also a cool suggestion of countries we could check for partners in terms of power generation & electricity.

Wallie: I think the $15 billion will be financing offered by GE towards purchasing their power generating turbines. I highly doubt they would be running the power generating plant(s) themselves. American companies are somewhat handicapped in operating in an environment like Nigeria.

Kobojunkie:

GE will finance a problem of that amount in Nigeria, knowing it is likely it will have no hand in the running of the plants at the end of the day?

From what I have seen to date, anytime Government mentions it will not be funding a project or another, at the end of the day we discover it is, so I would wait to see if this MOU amounts to much at the end of the day, where exactly the funding will come from. I remember the many PPP projects that ended up near 100% funded by, yes, Government.

playmode: It is always so sad to see so called educated Nigerians go gaga over such news. Let me ask you guys one question ,how hard can be to build a power plant that we need to ask foreign firms to build one for us?

Generating power is not rocket science! All it requires is commitment, funds and a trained staff. The Nigerian Government makes a lot of money every year that if we want to build one new power plant per year we could do it. I am sick and tired of all this BS stories. We don't need GE or any other company to pay for our power plants. [b]GEJ simply needs to contract an experienced company to build one for us and train the Nigerians who will run it.[/b]I also agree that any agreement involving Americans never bear any fruit, just some propaganda to get us all hopeful.

Our leaders just make Nigerians look stupid on a daily basis , we can not do anything for ourselves except we involve a 3rd party.We are still talking about 10,000 Megawatts when we actually need 170,000 Megawatts to effectively power Nigeria.We will never have change until we decide and commit to change. Shame on us.