₦airaland Forum

Fg Seeks Fresh $50bn Investment In Power Sector!

The Federal Government needs a fresh investment of $50bn (N7.5tn) in the power sector if the country is to be among the 20 biggest economies of the world by 2020, the Minister of Power, Prof. Barth Nnaji, has said.


The minister disclosed this on Monday in Abuja during a ceremony to commemorate the 50 years of capital market regulation in Nigeria by the Securities and Exchange Commission.


He said that the amount, which was expected to come from the private sector, would help to boost power distribution in the country.


Nnaji stated that it was critical for SEC to help the government raise the amount from the private sector.


He said that a Memorandum of Understanding would be signed on Tuesday between the Federal Government and some investors in the private sector.


This, he noted, would attract huge amounts in form of investments into the sector.


He said, “We are doing all that we can to restore stability in the area of power supply. Between now and 2020, the power sector needs an investment of about $50bn for the country to attain its Vision 2020 objective.


“The Federal Government alone cannot provide this amount because its a huge investment, this is expected to be provided by the private sector and this will enable the private sector take ownership of the sector.”


Nnaji disclosed that international investors like the United States’ Export-Import Bank and the International Finance Corporation had indicated interest in investing in the sector.


The minister said that Nigeria was suffering the highest losses in Gross Domestic Product as a result of epileptic power supply.


He added that if the country could address its power problem, about four per cent increase would be recorded in Gross Domestic Product.


Also, recently, Nnaji said power generation would be raised to 10,000 megawatts by 2013, to 13,000MW by 2014 and to 15,000MW by 2015.


This will amount to an increase of about 275 per cent in 2015 compared to the 4,000MW presently generated in the country.


He also said President Goodluck Jonathan had already approved the building of the Super Grid transmission infrastructure, which would make Nigeria one of the few countries in the world to have this state-of-the-art facility. The Super Grid had the capacity to transmit through 726KV lines, that is, more than a double of the present 320KV lines, Nnaji said.


He said government was already clearing a lot of faults in the transmission network across the nation, as well as upgrading and modernising many aspects, adding that, “This is why the transmission infrastructure now wheels over 4000MW comfortably.”


Earlier, the Director-General, SEC, Ms Arunma Oteh, had noted that the ongoing financial sector reforms had engendered a better capitalised and more stable financial sector.


He said the sector was now strong enough to provide robust financial intermediation and support Nigeria’s position as the preferred investment destination.

http://www.punchng.com/Articl.aspx?theartic=Art201110184381968

All this rubbish from sahara is just to put the government under check.
For sometime now, dem never bring any hot news abi na cooked rumour.

Atleast make dem drive trffic come their site small. mchewww!!!!!!!!

[quote author=ekt_bear link=topic=784076.msg9362862#msg9362862 date=1318912320]So even from your own words, Ijaw from Bayelsa=Igbo? Does that make sense? Anyone who speaks/writes Igbo is Igbo?[/quote]Dnt drag me into this mess.
Did I say she is an Igbo girl?

Grammar unlimited.

jealous girl

[quote author=ekt_bear link=topic=784076.msg9362835#msg9362835 date=1318911822]Evidence of this? (and yeah I should probably dig up posts too for "evidence" of her being from Edo, but I don't have the time to do that right now. But can later if you like.)[/quote]My friend ODUNNU is Ijaw from Bayelsa.
She's over qualified to be an Igbo baby cos she writes fluently in Igbo.
No talk wetin you no even knw.

I will make sure I build up 200ft walls to stop them from coming down south.

ifyalways:
@Relax,O nwere otu akpa akpu no na nairaland[b].Aha ya by "ennyluv" lolz.O buru na i naghi egwu egwu[/b] choo ya,gwa ya ka o di gi,o ga ekweta. Ikomi na Presido agaghi ekwe enye gi akara Felimbobo.Feli bu ezigbo nwanyi Obi oma,ji iru ocha na obi chineke ekenye boyz ihe chi ya tinyere ya n'ukwu.Rio Ikomi,Agaba na Presido1 akara Feli.

@Ikomus,Ihe na agu gi agbaghi na eke onuwa.M bia rikwasi gi n'elu?Isi emebiela gi.Ka nwa Darfur gidekwa gi,onye oshi "ohu" !

Hahahahahaha, ochi ike egbu elem na ebe nno.
https://www.nairaland.com/nigeria/topic-145160.0.html


Mba nu Ify mmarama, haba. chota nu onye ozo.

jason123:
"Tiny" Itsekiris will not want to be part of Biafra or SS rep. "Tiny" Itsekiris will prefer (in this order) Southern Nigeria, Benin republic and lastly, Odua. After all, we too have a right to self-determination, don't we?

I wonder where you get all this trash you say all the time.
My uncle who is Igbo married an itsekiri lady and her family dnt give a rat arse about this trash you say here.
I mean wtf is all this rubbish about Biafra, southern Nigeria abi na benin republic?
For over a year you don spam all thread with this nonsense, I go soon group you and Becomerich in the same category.

I have unbanned you. Go and sin no more.

haha, you all want to carry your arguements from the cultural section to this section.
I hope when he replies, the thread wont go roll up to at least 20pages.
I dey watch una arguement. Let it begin.

[quote author=Ileke-IdI link=topic=783479.msg9358191#msg9358191 date=1318858124]Women werent what they used to be. Abia women's riot ke?

I believe the only sets of women who still protest publicly together are Ekiti women. I'm sure tht they helped get rid of that riffraffs of all riffraffs, Segun Oni. Hopefully, Fayose is not deluded enough to come back with his PDP garbage.

Orji is useful in some instance; esp when he talks about Nigeria's segregation. I find it very inspiring.[/quote]Do you smoke before coming online? Haba!
This is so annoying.

lol

hollandis:
Please I just heard about this.I need info.These is one of the multiple
reasons I studied law

Nayah:
Relax wow what a beautiful declaration, you're inspired this evening right? but how can I make real? Nigeria is far lol
Dapsycool ?? talking about kiss or I don't understand

lol. Nigeria ke?

tunene:
I remember one Uncle Joe comedy movie that I watched back then. It had the following content.

Uncle Joe couldn't marry, he always had issues with girl friends.

One particular girl friend comes to mind. She went to the market bought meat worth , naira about 10pieces of meat and consumed everything while cooking the soup. When we was asked why, she replied,
"I used one to say it's ok, I used one to say it's alright, I used one to say it's ok,, na so the meat come finish, "

i also remember this song from the movie,

"Uncle Joe Joe Joe, na woman palavar, "

You are so right. I remember this episode so well.

nearest:
Uncle joe told Peperempe, I am sorry i cannot say sorry, i only say sorry once in a year, and i've used that sorry for my wife wen i use my right leg, kick her left leg, so i'm sorry i cannot say sorry! , Loved the home video, still have d vhs tape somewhere in the house,

Please upload the movie on youtube. I take Jehovah beg you o.

netsurf:
when I was in primary 4, i lived with my grandfather back then in the village. The man had a calabash and a mirror where he communicates live with his friend, if he wants anything from the man, he just open the calabash and the mirror, chants some incantation and[b] pronto, you see his friend live in the mirror and after their discussion, he would ask me to go and get something from the man.
[/b]
I saw that, and now i saw video telephoning , but people would say it's evil, I only wish i was grown before the man died.

my point, let's stop condemning our own, African tradition and culture is far more deeper and far richer than any other culture on the face of earth.

Andre Uweh:
I do not know about the Dibias in that area. But from my own part of the East, we have Dibias that see very far and spiritually. Some use the mirror system. This mirror system is like CCTV. Here the culprit is shown for all to see and no denying it.
In this case, it should be applied to bring justice to the town.

Odi egwu o.
See tekinologi, Ewo.

Ekiti dialect na die.
I no even dey wait make person use am talk to me.

Creamish:
lolz . . ok now im scared . .thanx for d offer tho' . .i'l pass@ all xcpt Ify

Nne akwa nwa bia nu. agbakwa la oso. Anom ne chegi.

ifyalways:
^Ga nojuo odu somewhere buko.O nwere ihe a sara otele ka asapu ya ushi nshi?Gini na onyekwanu na eme arithimetic ugbua?Jee nojuo ala biko.I naghizi achu nwanyi mana nwanyi dakwasi gi n'elu ugbua i ga anapu ya atleast onu ise before i hapu ya.lolz Ikomus my main man.

@Wislet,ndeewo.I na abiakwa ebe a,biko jiri eriri siri ike kechie crotchet na dross gi.Boyz no ebe a ji anya adowa dross,were aka tuwa nwanyi ime.

@Creamy O di nma.Anyi a bughi ndi Ibo,anyi bu ndi Igbo.
Relax,udo di.Onye ma ma ndi oji aka a tuwa nwanyi ime edebego strides na 'family way'?Presido1 a naghi ezu oshi kama ebe o bula o batara,umuoma no nso na efu efu.

Mi rove Pres-elect,"I na atom ka sugar".

Ify, biko ka juo gi.
Ewe onye buri ibu kiyem ka ji chupu oyi no neba.

aribisala0:
i wan cause riot

No one wants to see your brown ashy teeth. Mumu.

Nayah:
Gas plant tu te débrouilles déjà bien, je suis fier de toi c'est super  
Jmaine "as well" means you don't need anyone by your side  
Reality tell me more, what do you mean by reality, like your name right?

I mean let us be the reason why they made the 'yori yori' song.  

Nayah:
Pure FRENCH lessons
Bonsoir! because this is the evening
Say hello to your kids for me  

Relax 101 yori yori like the Psquare's song right?  

Real life yori yori.
Let's make the song a reality.

Nayah, Can you please be my yori yori?

Baba Dibia is so real.
Try him.

femmy2010:

The shipping line it is coming on would determine the clearing cost.
Do you know the shipping line name yet?

If you have not shipped those vehicles yet and not planning to ship other personal items in the container then i do advice to ship it Roro and on Grimaldi shipping line,that way i can guarantee your vehicle would be delivered as shipped and you would save money on clearing cost.

[b]N650k and N350k would clear the 08 Rav4 and 07 Camry respectively if shipped Roro on Grimaldi shipping line and at "least" N100k more if shipped Roro on any other shipping line.

Call 08036363467 or email duduconsultt@yahoo.com[/b]

All you need to present at the licensing office is your Custom papers and the registration of your vehicle would be done for you.

Why 650k and 350k?
Break it down a little.

The comedy program was shown all over. I dnt knw the name of the actors especially Uncle Joe.
I wish I could find their videos.

This thread has got more than two hundred thousand views. na wa o.
All because of Beyonce's hair. Ewo!!

EzeUche ke? haba na wa o. I be UcheEze.
Odaro.

[quote author=alj_harem link=topic=783141.msg9354904#msg9354904 date=1318819975]MUMU !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

grow up and comprehend the post before replying

The north is getting educated but I do not want us to make the same mistake as the south were everything is all about education and making fast money !!!!

Chikena !![/quote]mumu

You are a dunce. you want me to copy the trash you wrote so you can read properly.
I go slap you from my laptop if you no stop this nonsense.
hw you go write before you think?
i no get ur time jare. I don see how una dey sabotage the effort of the FG.
Imagine if e dey difficult to educate the men, na triple wahala e go be to educate their women.
mehn You be an eddioott.

See typical nigerian? haba koolu temper.

[quote author=Ileke-IdI link=topic=782669.msg9354875#msg9354875 date=1318819208]You really remind me of someone. Creepy.

anywaz, I'm not here for you. I'm here for all the tribalist, when they come out to roost, let me know. [/quote]What creepy things u dey talk na? I am as clean as a whistle.

[quote author=alj_harem link=topic=783141.msg9354873#msg9354873 date=1318819163]@ Depilot

I don't think an educated north would be a treat to anyone but I must point out that it would cause more division in the north.

What unites the North right now is Islam. Educating the north would make more kafars aka unbelievers that would be doing Oyinbo things and this would cause more more harm than good.

I know what I am talking about, The north is at the advantage the way it is right now. Easy to join the military etc.

[b]What we can do to be more advantageous is to make more of those almajiri join the military [/b]while the few educated one go into the politics, banking and the OIL sector.

Also they should always provide free amenities for the northern citizens eg water, electricity etc.

Education Might have a profound effect on us. I would strongly advice us not to play like we are smart but play with humility and gradually, we would see the light Insha Allah.[/quote]You see what a so-called educated northern is spewing from his dirty stuppoid gworo mouth.
If an eddioott like this guy says something like this, what do you expect their governors, emirs and their Imams to do.
You see this fool enjoying the benefits of education but doesn't want other northerners to benefit.

You are a real dunce.

[quote author=Ileke-IdI link=topic=783207.msg9354881#msg9354881 date=1318819360]Any bullet that touches the golden ground of Ekiti state will eventually find it's way back to its keeper's heart.[/quote]Who will send it back?