y Elizabeth Archibong

October 15, 2010 04:22AM
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Nigeria spends about $13 billion (about N1.95 trillion) every year to provide electricity from generators, President Goodluck Jonathan said yesterday in Abuja.

Mr. Jonathan, who was speaking at the presidential retreat for power investors at the presidential villa, observed that even at this rate, less than half the population of the country has access to electricity.

“With a population of more than 140 million people, and as the seventh largest deposits of natural gas, a major fuel for power in the world, we (Nigerians) are ready for business,” the president declared.

Reiterating that Nigeria requires just about $10 billion (N1.5 trillion) per year in investment over the next few years to develop her power generation, distribution, and transmission capacities, the president said the retreat was to gain a better understanding of the investor’s concerns, as well as gain insights from their experiences in other markets “so that we can build a power supply industry that works for all and grows as fast as possible.”

What the president said was nothing but the truth; but I must tell you there are other alternatives
to choose from and you won't be paying money to PHCN purse anymore. You don't even need diesel,
fuel, kerosene or water to run it successfully.

Visit www.alternativepowergenerators..com

This is the most depressing thing on the faith of the earth, and why I have no faith in Nigeria as a state. Electricity! Basic, simple electricity! Something that has been around for 100+ years, yet still does not exist in the God-forsaken land of Nigeria. When I was a little kid, there was no power in Nigeria. Now I'm in my 20s, still no power. What sort of terrible country doesn't have something as basic as electricity? It boggles my mind.

"Ready for business", indeed. Stop talking and get to WORK, Goodluck!