HtwoOw:
Things wouldn't be this bad if the people who left power made any attempt to increase power generation

Instead they sold to Family and friends under privatization, What scares me is the brazen act of fraud , If NEPA was privatized / Sold , Why is FG having to pay them ?? Scam 1


Same thing Applies to our refineries, Instead of increasing production capability , repairing or even building new refineries, El Fortunado and PDP Inc increased less than 40 Importers of Crude to 120 Importers which comprised mainly of family and friends and partners


Some people now have the audacity to blame other people , abi ? Even Professor Peller had his limits

idupaul:
Where are the idiats that kept saying Fashola had added some Phantom Megawatts to the grid ..he has been exposed ..Fashola attempt to use propaganda to generate fictitious mega watts might be the undoing of that sector ..this interview proves once again Fashola is not a serious somebody. .instead of him to work on it. Improving powered he chose last week to launch a media campaign on land air and sea about how he had solved Nigeria's power problem

menxer:
Is Egbin the only power plant in Nigeria, how can he make such statement?

Adminisher:
Dumbo sold power companies to cash and carry traders who don't know what they are doing. Presidential stupidity.
All Utility companies in the world are LOW MARGIN, LONG BREAK EVEN assets. You don't import petrol and sell that and carRyan that stupid mentality into Utility business

ifyalways:
Question 1: they are owed over 85Bn by the Fed gov for the past 6 months. Why ?

Question 2: the federal government claimed they pumped in some funds to improve power; federal govrrnnent intervention funds, oyibo man said and i quote " we dont have any money". Which cartel shared the money? Im sure zombies lauded them and pissed over themselves when they read of the phantom and media propaganda of fed government interventiob funds which obviously only exists on the media

APC is baba scam, PDP are just but learners i swear.

So many of the owners came and they were thinking that they were going to be reaping some sort of returns after the first three years

menxer:
Is Egbin the only power plant in Nigeria, how can he make such statement?

ifyalways:
Question 1: they are owed over 85Bn by the Fed gov for the past 6 months. Why ?

Question 2: the federal government claimed they pumped in some funds to improve power; federal govrrnnent intervention funds, oyibo man said and i quote " we dont have any money". Which cartel shared the money? Im sure zombies lauded them and pissed over themselves when they read of the phantom and media propaganda of fed government interventiob funds which obviously only exists on the media

APC is baba scam, PDP are just but learners i swear.

They didn’t give it to us; what they paid to some of the generation companies was what they owed them. It wasn’t guarantees; it wasn’t financing; it wasn’t loans. It was simply the obligations that they owed us; but then, we haven’t got any money. We are still waiting for it.

AZeD1:


This is the bane of the problem with the power sector. Most thought that could just come in and reap profits almost immediately. They used the example of telecoms sector to show why (SincereNigerian)

This is not a PDP or APC issue and the longer we play politics with it the longer we stay in darkness.
Issues with the power sector

1) The private investors: Many of them came in unprepared. Power is capital intensive with a low profit margin. To invest in power, you should budget at least 10 years before you start reaping.
[s]2) Transmission: This is the only part of power sector that government controls (for a reason) and it is the weakest sector by design. We run a centralised distribution network (same structure as the country) and that needs to be broken. It should be decentralised along regions and either given to the states or sold to private investors. Again , this is capital intensive.[/s]
3) Pricing: power is actually cheap and consumers don't want to pay more (there's a chicken and egg scenario here and it's what I believe Fashola should solve)
4) Vandalism: we all know this one.




PS: there's really little Fashola or anybody can do right now as regards power generation and the power ministry is one ministry that should scrapped.

Before anybody says Barth Nnaji, remember at his time the government was in charge of generation.