₦airaland Forum

Rossikk: [s]ujoinme, I'm surprised you have time to debate Eko Ile (sorry, ''Agbameta'').

We all know where he stands on the issue even before he arrives. [/s]

ujoinme: [s]
Eko ile AkA Agbameta why dont you just accept that this is beyond your comprehension. Stop exposing your ignorance on this site! some of us already know that you are "special' .
The govt. goal is to increase the generating capacity hence it make sense for then to continue building more plants and also encourage state govt and the private sector to do same, hence the freedom granted to your master to keep building his 23MW plants. All this is done to boost generating capacity!!!!!!

When FG privatizes its power plant it gets money for it, and hands over/transfers the liability of effective management and maintenance of the plants to those who have business in business- the private sector.
From the money that the FG gets in the privatization process they can plough it back into building more plants to increase generation capacity. Like they are doing at zangeru.

Because the GEJ administration is smart and can get funding more easily and at a cheaper interest rate than most bussiness in Nigeria can, it makes sense for them to utilize this opportunity to borrow and at the same time get technical expertise from the fund managers ---China to finance what is of interest to them ie increasing the power generating capacity in Nigeria.[/s]

Seun: They are ordinary Nairaland members such as you who have volunteered to help in their spare time.

hey are independent agents just like you.

The opinions they express on the forum are theirs and theirs alone.

They do not represent me or speak for me unless I directly ask them to do so, and I didn't ask anyone to speak for me on this issue. I prefer to speak for myself most of the time.

R sexkillz(m): 6:03am On Sep 27
Demand? You think this is your father's house where you demand school fees from him?

However, I apologize for the inflammatory statements that some of them have made and I promise to expose them to some sensitivity training.

Best regards,
Seun Osewa.

Seun: They are ordinary Nairaland members such as you who have volunteered to help in their spare time.

hey are independent agents just like you.

The opinions they express on the forum are theirs and theirs alone.

They do not represent me or speak for me unless I directly ask them to do so, and I didn't ask anyone to speak for me on this issue. I prefer to speak for myself most of the time.

R sexkillz(m): 6:03am On Sep 27
Demand? You think this is your father's house where you demand school fees from him?

However, I apologize for the inflammatory statements that some of them have made and I promise to expose them to some sensitivity training.

Best regards,
Seun Osewa.

Sincere 9gerian: [s]
Let me respond to your STUPIDITY and IGNORANCE as regards the PHCN privatisation before you INFECT innocent NLanders with them.

PHCN privatisation does not mean govt is washing its hands off the power SECTOR. What it means is that govt is transfering ownership of majority shares of SOME of its power ASSETS (distribution networks and power plants) to the private sector.

I hope your brain has not gone too bad to the extent that you cannot differentiate between ASSETS and SECTOR?

All the 11 distributions networks and power plants whose majority shares will be handed over to the private sector (ie privatised) on Monday were ALL built by govt. The 10 NIPP power plants that are also being privatised were all built by govt (their privatisation will be completed next year). So these ASSETS were built by govt and are now being transfered to the private sector for management through privatisation. These ASSETS did not fall from heaven.

In addition, not all the power ASSETS are being privatised. The assets of the Transmission Network of Nigeria (TCN) was not privatised because of its strategic importance and national security. Rather its management was contracted to Manitoba Hydro for a specified period of 3 years. Some hydro power stations are being concessioned and not privatised (they maybe concessioned for 30 years for instance after which the ownership return to govt).

In essence, all these reforms were encapsulated in the well thought out power road map of the FG, launched in 2010. They are not happening by accident.

Likewise, new power ASSETS that are CURRENTLY being built by govt (eg the Zungeru reported on this thread) will in future be privatised or concessioned too.

So in summary, the message that has to sink into you emptyhead (although I doubt the capacity of your brainless head to comprehend the subject matter) is that govt is handing over ASSETS, not the power SECTOR. Govt is still a major player in the sector. FG is still building power plants (to complement the IPP's being built by either state govt or private sector), it still regulates the SECTOR, it still controls the Transmission network (although contracted to private sector management for 3 years now) and it is still building new transmission lines. What the Power Road map will achieve after full implementation is that unlike before when investment in the power SECTOR was only coming from govt, now investments are now coming from BOTH govt and private sector. This is more like fast forwarding PROGRESS in the power SECTOR[/s].

the National Policy on Electric Power 2001;
the Electric Power Sector Reform Act (6/2005); and
the Roadmap for Power Sector Reform 2010.

The policy sets out the government's objectives for the sector, including divestiture by the government of its interests in state-owned entities within the sector and the promotion of competition through the full liberalisation of the electricity market.

The act seeks to enshrine these objectives and provide a framework for their implementation. It provides for:

privatisation of the former state-owned monopoly – the National Electric Power Authority;
unbundling of the National Electric Power Authority's successor company – the Power Holding Company of Nigeria Plc (PHCN) – into distinct business units;
the subsequent transfer of PHCN's assets, liabilities and staff to its successor companies;
liberalisation of the Nigerian electricity industry to allow for private sector investment; and
determination of market variables (eg, pricing) by market forces.

The road map indicates the government's intention to divest from PHCN's successor companies, other than the Transmission Company of Nigeria, which will continue to be responsible for the transmission of electricity; this is a natural monopoly for the state.

omodada1: 1. pls why didn't they allow Nigerians to call in through d phone?
2. why did they not select d twits that are reasonable to true Nigerians?

I think dis was just a ''laughing'' chat meant to enrich those reporters, I wonder why they kept laughing and neglected reasonable issues.
God have mercy!

malc619: Perception is different from reality.....

GEJ on Corruption.

kingoflag: Is GEJ gonna ever answer the question about what hes doing to reduce the cost of Governance? Oh, I forgot he supports it.

Ibile Holdings Limited (IHL) renders financial advisory, property, investment and business promotion services. In addition to the efficient management of the Lagos State Government’s (LASG) portfolio of quoted and unquoted investments.

Therefore, the advent of IHL was meant to ensure that the state government’s investment portfolio is professionally managed for maximum and timely returns, while positioning the state to take advantage of emerging opportunities.

Currently, IHL has a public quoted portfolio valued in tens of billions of naira and unquoted / private investment in hundreds of million.

Estates of IHL-P:

Ibile Shopping Mall (GSM Village) – Agege Motor Road, Ikeja.
Ikeja Plaza 1 – 1, Kodesoh Street, Ikeja.
Kajola House – 62/64, Campbell Street, Lagos.
Lagos State Government Prime Properties / Redevelopment Projects located in Ikoyi and Victoria-Island
Platinum Rows Estate, Igbokushu, Lekki.

basilo101: A rural state lyk Osun shud luk in2 agriculture. I lyk wat Ebonyi is doing in dat regard

United Nations Educational Scientific and Cultural Organization (UNESCO) adopted Osun Grove as a World Heritage Site.

http://www.ngrguardiannews.com/art/arts/130702-revving-up-osun-osogbo-festival-to-global-taste

luvmijeje: Who do this group of people think they are fooling? Not even FG commission, this is a serious issue o. Does that mean the President has not commission any project?

hopilo: Some are on PPP not complete privatization

Sincere 9gerian: Where do I even begin to address your shameless display of STUPIDITY?

So you dont even understand the concept of privatisation?

Definition of 'Privatization'

1. The transfer of ownership of property or businesses from a government to a privately owned entity.


http://www.investopedia.com/terms/p/privatization.asp

theoctopus: [s]
This is how your body will continue to "pepper" you and your conscience will continue to judge you till 2019! As we release success after success, progress after progress and results after results of GEJ's master plan! May God continue to give us grace to ignore you and be focussed like GEJ and may God's plan continue to unfold in my life the way GEJ's plan is unfolding for Nigeria!

Ameeeeeennnnnnnnnnnnnnnnnnn!!!!!!!! [/s]

aletheia: [s]I am now convinced that you are a certified idiöt. The private investment is made possible by the reforms initiated in the agricultural sector by GEJ, yes GEJ which has led to an increase in rice production. Why didn't the private company open their mill in 2007? Doofus! Here collect your certificate of stüpidity.
[/s]

PHIPEX: Why becloud the good news from Kwarra with photos of Rice Mill in Lagos? Let's give honour to the appropriate quarter. Fashola recieved his own honour when he launched the Rice mill but this is not about him.

Sincere 9gerian: NL-resident-fools will always act foolishly. If it was easy to secure the cheap loans, how come no govt was able to secure it in the last 3 decades? Besides with privatisation of the power sector, the project will easily pay back the loan.

By the way, it is the same loan your masters in Lagos are using to do most of the projects you pop champagne over on NL, including the light rail project. Since charity begins at home, you can start by advising your masters in Lagos state.

0monnakoda: There is money if you know what you are doing and choose your products sensibly OKOMU OIL is doing very well with palm oil. There is money in Pig production too. If you merge production with some value addition then there is plenty of money to be made but this requires a company with some expertise and track record which I see no evidence of here

36STATES: Yaruba at it again. Thieving pastors, dishonest cowardly back-stabbing elders, 419 youths, drug barons, .....Yorubas bring only shame to Nigeria.