Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,199,759 members, 7,972,715 topics. Date: Friday, 11 October 2024 at 04:53 PM |
Nairaland Forum / Nairaland / General / Politics / FG To Sell Discos To New Investors - Zainab Mohammed (20541 Views)
Discos, FG Agree On 2 Months Free Electricity For Nigerians / NERC Directs Discos To Increase Tariff From April 1 / FG Directs Discos To Stop Cash Payment From Consumers By March 31 (2) (3) (4)
FG To Sell Discos To New Investors - Zainab Mohammed by lightheart(m): 5:55am On Oct 13, 2017 |
Breaking: FG to sell DisCos to new investors- Mohammed By Emma Ujah, Abuja Bureau Chief & Emmanuel Elebeke The federal government has commenced negotiations with operators of the Electricity Distribution Companies (DisCos) with a view to ceding some of their shares to accommodate new investors who would bring in more funds to increase their service delivery. The Minister of State for Budget and National Planning, Mrs. Zainab Mohammed, disclosed this at the end of the Nigeria Economic Summit 23#, in Abuja, Thursday. Discos have been recognised as obstacles to the nation’s quest for efficient electricity sector. Her words, “ The Power sector has been privatized and every Nigerian knows that the privatization has not worked well. Things we sought to achieve in the power sector have not yet happened. And we have now come to the point where investors in the power sector must come together and decide to cede some of their holdings to enable new investors with expertise come in to enable us grow the power sector at the pace we want. It involves negotiating with existing owners and also government. “No new investor will be interested to come in with the level of tariff obtainable now. There will be an impact on tariff. Starting point will be Discos. “The power sector will be opened up to new investment, it is very clear that no new investor will be coming without having a satisfaction from the tariff that will be obtainable in the industry. “That is a discussion that must be held. It is very clear to us now that the level of tariff we have now is not obtainable. It will be a subject of negotiation between government, the existing investors and new investors as well as consumers. “We will try to attain to optimal level that will make an impact on the tariff. The starting point will be the Discos.” Details soon… www.vanguardngr.com/2017/10/breaking-fg-sell-discos-new-investors-mohammed/ 2 Likes 2 Shares |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by Histrings08(m): 6:12am On Oct 13, 2017 |
Isooit.. Kwantinu |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by LUGBE: 6:30am On Oct 13, 2017 |
Crime, court case 2 Likes |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by dannytoe(m): 6:38am On Oct 13, 2017 |
They better do that fast as the current ones are nothing but bunch of clownish politifians, hiding under the disguise of investors to exploit gullible nigerians, without power improvement. 21 Likes 3 Shares |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by harmless011: 6:42am On Oct 13, 2017 |
This is long overdue with the influx of more players in the industry it will enhance greater efficiency. 8 Likes 2 Shares |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by hatchy(f): 6:46am On Oct 13, 2017 |
Things that works well in other countries don't ever work in Nigeria because of Nigerians. Are we cursed? 22 Likes |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by sarrki(m): 6:47am On Oct 13, 2017 |
Better I hope we don't make same mistake selling to cronies 2 Likes 3 Shares |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by Nobody: 6:48am On Oct 13, 2017 |
Stealing and Loan no work................now na to sell property. This 2019 must be loaded 14 Likes |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by Jabioro: 6:54am On Oct 13, 2017 |
Sold and resell till it get to better hands who knows the value light everywhere for 24/7..ask NITEL Where thou rested... |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by fiizznation: 7:00am On Oct 13, 2017 |
The power sector needs a total overhaul. Nothing aside that will work. You talk about discos, discos, discos every time. What about the gencos? I don't just know why, but I have this feeling that Nigeria leaders aren't interested in providing constant power supply to their masses. Smh 15 Likes 1 Share |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by Prince081: 7:07am On Oct 13, 2017 |
Nice one |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by freeze001(f): 7:10am On Oct 13, 2017 |
Tariff increase on the horizon! Can Nigerians accept and sustain any increase now? 8 Likes |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by realnas(m): 7:20am On Oct 13, 2017 |
In as much as it's commendable, the hope is that competent and capable investors should be selected to take control of the various discos to avoid a repeat of the quagmire we have found ourselves in with incompetent companies in charge of power supply. 1 Like |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by brainpulse: 8:52am On Oct 13, 2017 |
Long overdue. The last administration sold it to its incompetent cronies. 3 Likes 1 Share |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by Bolustical: 8:53am On Oct 13, 2017 |
Just for the sake of electoral patronage, GEJ rejected the likes of GENERAL ELECTRIC and other established and well known electricity corps who had the financial wherewithal to transform the power sector. He opted for the likes of Tony Elumelu and Abubakar who never had one year experience in power, the FG even had to bail them out. The worse is that these things are legally backed. Years later, his supporters are expecting miracles from Fasola. 34 Likes 5 Shares |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by continentalceo(m): 8:53am On Oct 13, 2017 |
All I see in buhari's government is corruption and propaganda 5 Likes |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by kay29000(m): 8:53am On Oct 13, 2017 |
HMM |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by Bolustical: 8:53am On Oct 13, 2017 |
Ye |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by veekid(m): 8:53am On Oct 13, 2017 |
Abeg come and buy IBEDC 2 Likes |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by CriticMaestro: 8:53am On Oct 13, 2017 |
Sell a.e.d.c 1 Like |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by Abfinest007(m): 8:54am On Oct 13, 2017 |
they want to sell disco pls u people should add buhari to it and sell both disco and buhari bcus these two are the problem we have in Nigeria 7 Likes |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by sweetkev(m): 8:54am On Oct 13, 2017 |
This story no dey finish ?? 2 Likes |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by steveyoungwealth: 8:55am On Oct 13, 2017 |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by Nobody: 8:55am On Oct 13, 2017 |
So IKEDC is going |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by asawanathegreat(m): 8:55am On Oct 13, 2017 |
One day Una go sell naija to new investors, shameless people. 4 Likes |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by uduvwurode(m): 8:56am On Oct 13, 2017 |
dem wan sell again? na wa o. hope e go better this time 1 Like |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by Fvcknames: 8:57am On Oct 13, 2017 |
. |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by millik(f): 8:57am On Oct 13, 2017 |
EEDC especially. they should just resell it to another investor. 4 Likes |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by chloride6: 8:57am On Oct 13, 2017 |
This will not change anything. Holistically, the financial model of the electricity business is very poor and inefficient. I have used over 100 units of electricity in the last month with out paying a dime. Why, I don't have a meter and if the IKEDC peeps come around , I give them 500. Even if I had a meter, I could still pay part of my bill and still owe the remaining. Who bears the brunt of my debt? Discos only make 22% of the total sum. So how can they buy bulk electricity and how can gencos pay foot their bills. Let's us focus on maximum revenue generation from even the little power we are generating. Then electricity can be a viable business with the pontential of attracting investors. 5 Likes |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by Zeydah(m): 8:57am On Oct 13, 2017 |
lightheart:another story will be heard after that,politricks at its best� 1 Like |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by banjeezay(m): 8:58am On Oct 13, 2017 |
Wetin dz mumu fg neva sell finish fr this country I sure say dem don dey negotiate Nigeria with people wey go buy am sef 2 Likes |
Re: FG To Sell Discos To New Investors - Zainab Mohammed by MillionDollars: 8:58am On Oct 13, 2017 |
Everything sell, sell and sell, i hope our kids will meet something worth Nigerian 2 Likes |
CAN Raises Alarm Over Plans To Attack Kaduna, Others, Gives Breakdown Of Plateau / PDP Convention: Saraki, Atiku Divide South-East Delegates / 34,000 Ghost Workers: Syndicate Uncovered
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 29 |