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Nigeria: FG Needs $120bn to Achieve Steady Power Supply

Minister and deputy chairman, National Planning Commission, Senator Sanusi Daggash has said that Nigeria requires about $120 billion to achieve steady and uninterrupted power supply by the year 2020.

Author: stephen

From the comment of Senator daggash it is obviuos that the Govt can not provide electricity this century.First 2006, then 2007 and now 2020,2050,2059. The solution is to separate electricity production and distribution into Industrial and household.Industrial electricity production and distribution shoild be privatised, while Household production should be privatised and distribution handed over to individual states. The FGN wants borrow $4b, AFC offers $4B, Govt probing AFC, Govt needs $120b, I think this Govt is confused, and they are playing tricks with our intellence. Providing electricity is not that difficult.

Author: gishola

This forecast by the minister has no background projection of industry growth to use the power. The minister has picked his figure from the air. Planning for a country is NEVER, NEVER done in this fashion. This is NOT expected from an educated minister of state. THERE IS JUST NO BASIS! THE WORLD IS WATCHING!

Author: omosod

I thought the country, Nigeria will move forward as soon as we got into democracy, especially in electricity supply. With the recent statements by Senator Daggash that we cannot achieve unintterrupted power supply until 2020, he was simply saying that Nigeria can never achieve this. He also said he needed $120b to achieve it. I am sure Ghana, who achieved what we are planning to achieve in 2020 over 10 years ago did not have as much resources as Nigeria had. God has provided what we need to make every Nigerian has access to a steady electricity supply. If Senator Daggash has not got an alternative source of electricity supply, he will not be telling other Nigerians to wait till 2020 before having electricity. Generally, everyone that has been elected to an office, including the President should be honest and be ready to serve so that they can leave a legacy before they are votted out or sacked for corruption, if they are ever caught. My conclusion is that Nigeria is well overdue for a steady power supply and we have more than enough resources to achieve this even within one year, if we want to. God Bless.

Author: ao

It is unreal that Nigeria as a country is still in the same league as other third World country like Zimbabwe when we should be in the up "coming league" of South Africa and India. Some of our so called leaders or Elders have no clue or Experience/knowledge on how country like our should be run.

They have little or no Management experience and neither we they expose to outside world to see what is going on in other part of the world. It is time we Nigerians in the dispora start to see who we can help and developed our country and get the country out the current mess.

To solve the problem of Electricity, Nigeria as a country need to look further afield or other developed countries that have privatised their own electricity industries(UK), and by doing so encourage more open competitions from different distributing companies to coming into the market and supply this needed product to both the commercial and domestic market. This help control the market tariff and keep checks on any Monopoly.

I believe we need to start first by carry out proper market research into energy need and how we can get energy locally in Nigeria(Solar power,Gas). We have Nigerians who are well trained in this field but Nigeria politics would not allow them to speak the true.

I believe Nigeria problem can not be solved overnight but the earlier we all realised that the country is on the brink of collapse the better for the politicians to step-aside and get proper help from the Nigeria professionals who are overseas trained.

Nigerian politicians needs to realise that time is runing out for them and the masses will one day rise up and turn against them.



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