September 20, 2007

Open Letter to Bono, Jimmy Carter, Bill Clinton, Bill Gates, Bob Geldolf, Nelson Mandela, Oprah and Randall Robinson


Dear Friends of Africa:

Let me first say thanks for all the great works that you have been doing for your brothers and sisters in Africa. Each of you in our own way has changed lots of lives in a very positive way be it debt relieve, AIDS programs, drought relieve, educational programs to peace programs.
Let me introduce ourselves, we are Nigerians for Super Energy. We are a grassroots campaign aimed at supporting the need for energy in Nigeria and the sub region. 35% of all black people in the world need energy to improve their daily lives. One of our goals is a Nigeria with 50,0000 Megawatts in a well planned grid system. Nigeria today on a good day is producing only 3,000+ megawatts. In January this year the power fell to 1,320 megawatts in a country of 140 million people. If you compare that with New York city with a population of 8 million people which consumed 13,400 megawatts last summer, you know the situation is bad. Senator Emodi of the Senate Committee on Power observed with sadness that the lack of electricity supply in the country had led to “loss of lives in hospitals and clinics without alternative sources of power, loss of means of livelihood by workers whose businesses are solely dependent on constant electricity supply and high cost of production by industries relying on alternative sources of power.’’
The new government has promised to propose to declare a “state of Energy emergency” in that faith, we have proposed the following solution to the government and people of Nigeria.

1.The plan would call for part of excess revenue funds to be invested in power generation and transmission.
2. All sates, Abuja and Local governments must contribute a percentage of their net worth to the projects. Land for projects will be provided by state and local governments.
3. All banks must invest a percentage of their net worth. Corporations and individual investors will be encouraged to invest in the projects with a strong push for public stock participation.
4. All companies must provide free electricity and cooking gas to local communities.
5. Alternate sources must be encouraged, At least one coal power station in Enugu with similar capacity of Tutuka, South Africa 6x609 MW. This should be part of the sale of 13 mining titles belonging to the Nigerian Mining Corporation.
6. Gas and oil pipeline should have backup points. We must be able to ship gas or oil to Lagos; after all we ship it to the ends of the world. Our pipe line should be like a Hydra (multi-head monster) that will allow for maintenance without totally shorting down the country.
7. Implement widespread adoption of CFLs (Compact Fluorescent Lights) and other energy saving programs. CFLs save about four times more energy compare to regular lights.
8. Last but not least, industries using gas for energy will be given gas for free or token price.

A big part of this recommendation is the total involvement of all the stakeholders. The beauty of this approach is strength in number of owners. Truly when you look at the example of 50,000MW it looks large if only the federal government is going to lead, own and support this effort. But when you divide 50,000MW by 25 (number of Banks) you get 2,000MW and when you divide 50,000MW by 37 (number of States), you get 1,375MW. When you divide it by 774 (number of Local governments), you get 64.6MW and finally when you divide by 120,000 (number of shareholder in a a large Nigerian firm) you get 0.42MW. In short those are the numbers we can be looking at when it comes to investing in this effort. In other words each bank on the average can look to participate in financing a 2,000MW project ( whole or part investment).

What we need is your help in replicating what you did with the AIDS agreements model where you were able to have “Agreements with Nine Companies Will Lower Prices of HIV Diagnosis and Two HIV/AIDS Medicines by 30-50 Percent for 50 Countries” This program has been excellent at saving precious lives. We believe that electricity will have the same effect at saving lives by providing things like good drinking water and hospitals with electricity. Our Friends, unlike AIDS where there were several companies to negotiate with in the electrical sector we are looking at at two main companies that can have tremendous effect in accomplishing our goal. The companies are General Electric and Siemens. The main form of help could come in form of providing turbines to the power stations in our 50,000 megawatts goal. The funding of the turbines will be the Federal, State and Local governments contribution to the plan. By pulling these purchases together and guaranteeing the companies high sales and payment, the people of Nigeria will get even more saving to met our goal. We are glad that the General Electric President of Middle East and Africa Mr. Nabil Habayeb has already visited the President of Nigeria on September 3, 2007 to discuss electrical and other infrastructure challenges in Nigeria. We hope the President of Siemens will follow soon. Lastly we hope this plan will include location of some manufacturing capacities in Nigeria to serve the rest of Africa.

Our Friends, we believe that given Nigeria's strategic role in Africa any improve in Nigeria will greatly affect the African continent. The new government in Nigeria is interested in making the lives of the Nigerians better. We believe that this agreement will help save lives and provide 140 million people a way employ themselves with no need for handouts.

God Bless,

Joseph Inyang
President - Nigerians for Super Energy
joe@nigeriansforsuperenergy.com
http://nigeriansforsuperenergy.com

This letter gets a big thumbs down from me. :down: :down: I did create a congratulatory thread for you.

My brother.

It is not about me. It is about the 100 + million brothers and sister in Nigeria that are suffering in Nigeria. So think about them not me!!! People go weeks without power. If you have a positive suggestion to make it happen put it on the table. That is all I pray for.

God Bless!!!

God Bless Nigeria!!!

What a joke! Another plan for a welfare state?


September 20, 2007


Open Letter to Bono, Jimmy Carter, Bill Clinton, Bill Gates, Bob Geldolf, Nelson Mandela, Oprah and Randall Robinson


Dear Friends of Africa:

Let me first say thanks for all the great works that you have been doing for your brothers and sisters in Africa. Each of you in our own way has changed lots of lives in a very positive way be it debt relieve, AIDS programs, drought relieve, educational programs to peace programs.
Let me introduce ourselves, we are Nigerians for Super Energy. We are a grassroots campaign aimed at supporting the need for energy in Nigeria and the sub region. 35% of all black people in the world need energy to improve their daily lives. One of our goals is a Nigeria with 50,0000 Megawatts in a well planned grid system. Nigeria today on a good day is producing only 3,000+ megawatts. In January this year the power fell to 1,320 megawatts in a country of 140 million people. If you compare that with New York city with a population of 8 million people which consumed 13,400 megawatts last summer, you know the situation is bad. Senator Emodi of the Senate Committee on Power observed with sadness that the lack of electricity supply in the country had led to “loss of lives in hospitals and clinics without alternative sources of power, loss of means of livelihood by workers whose businesses are solely dependent on constant electricity supply and high cost of production by industries relying on alternative sources of power.’’
The new government has promised to propose to declare a “state of Energy emergency” in that faith, we have proposed the following solution to the government and people of Nigeria.

1.The plan would call for part of excess revenue funds to be invested in power generation and transmission.
2. All sates, Abuja and Local governments must contribute a percentage of their net worth to the projects. Land for projects will be provided by state and local governments.
3. All banks must invest a percentage of their net worth. Corporations and individual investors will be encouraged to invest in the projects with a strong push for public stock participation.
4. All companies must provide free electricity and cooking gas to local communities.
5. Alternate sources must be encouraged, At least one coal power station in Enugu with similar capacity of Tutuka, South Africa 6x609 MW. This should be part of the sale of 13 mining titles belonging to the Nigerian Mining Corporation.
6. Gas and oil pipeline should have backup points. We must be able to ship gas or oil to Lagos; after all we ship it to the ends of the world. Our pipe line should be like a Hydra (multi-head monster) that will allow for maintenance without totally shorting down the country.
7. Implement widespread adoption of CFLs (Compact Fluorescent Lights) and other energy saving programs. CFLs save about four times more energy compare to regular lights.
8. Last but not least, industries using gas for energy will be given gas for free or token price.

A big part of this recommendation is the total involvement of all the stakeholders. The beauty of this approach is strength in number of owners. Truly when you look at the example of 50,000MW it looks large if only the federal government is going to lead, own and support this effort. But when you divide 50,000MW by 25 (number of Banks) you get 2,000MW and when you divide 50,000MW by 37 (number of States), you get 1,375MW. When you divide it by 774 (number of Local governments), you get 64.6MW and finally when you divide by 120,000 (number of shareholder in a a large Nigerian firm) you get 0.42MW. In short those are the numbers we can be looking at when it comes to investing in this effort. In other words each bank on the average can look to participate in financing a 2,000MW project ( whole or part investment).

What we need is your help in replicating what you did with the AIDS agreements model where you were able to have “Agreements with Nine Companies Will Lower Prices of HIV Diagnosis and Two HIV/AIDS Medicines by 30-50 Percent for 50 Countries” This program has been excellent at saving precious lives. We believe that electricity will have the same effect at saving lives by providing things like good drinking water and hospitals with electricity. Our Friends, unlike AIDS where there were several companies to negotiate with in the electrical sector we are looking at at two main companies that can have tremendous effect in accomplishing our goal. The companies are General Electric and Siemens. The main form of help could come in form of providing turbines to the power stations in our 50,000 megawatts goal. The funding of the turbines will be the Federal, State and Local governments contribution to the plan. By pulling these purchases together and guaranteeing the companies high sales and payment, the people of Nigeria will get even more saving to met our goal. We are glad that the General Electric President of Middle East and Africa Mr. Nabil Habayeb has already visited the President of Nigeria on September 3, 2007 to discuss electrical and other infrastructure challenges in Nigeria. We hope the President of Siemens will follow soon. Lastly we hope this plan will include location of some manufacturing capacities in Nigeria to serve the rest of Africa.

Our Friends, we believe that given Nigeria's strategic role in Africa any improve in Nigeria will greatly affect the African continent. The new government in Nigeria is interested in making the lives of the Nigerians better. We believe that this agreement will help save lives and provide 140 million people a way employ themselves with no need for handouts.

God Bless,

Joseph Inyang
President - Nigerians for Super Energy
joe@nigeriansforsuperenergy.com
http://nigeriansforsuperenergy.com

What a joke! Another plan for a welfare state?

Brother:

Thanks for the compliments :banana2: :banana2: and keep dreaming about "Free Market" when USA spend Billions in Oil and Food subsidies (http://www.washingtonpost.com/wp-dyn/content/article/2006/07/01/AR2006070100962_pf.html).
"U.S. Democrats press plan to cut oil subsidies"
(http://www.iht.com/articles/2007/06/18/america/18oil.php) On Tuesday, the Senate Finance Committee will take up a bill that would raise about $14 billion from oil companies over 10 years and would give about the same amount of money on new incentives for solar power, wind power, cellulosic ethanol and numerous other renewable energy sources

Farm Program Pays $1.3 Billion to People Who Don't Farm

We do not even subsidize (http://www.nigeriavillagesquare.com/board/main-square/38604-whoever-says-fuel-being-subsidised-poor-economist-must-read.html) fuel in Nigera Meanwhile we cannot even generate a mere 3,000 megwatts of electric. That is the joke me brother!!!:bash: :bash: :

Until the Nigerian Constitution changes to give my parents the oil in their Village you are dreaming of Nigeria that can do without government funding.

The last regime tried it. After 8 years, 240% increase in price (N11 to N65), 17 licenses granted, zero refineries working and total dependent import. We must say that the Energy policy has been a failure. In most places the people responsible for this failures and continuing to push this failed approach would have been fired at year 2. They say doing the same thing and expecting different results is madness
It takes lots of money to play and tonnes to compete in a global oil and gas industry. To illustrate this point the market value of Exxon Mobil is $474.12 billion, while the Chairman, NSP Refineries and Energy Services, Prof. Anya .O. Anya one of the companies granted license was not able to put together a mere $200million financing for a refinery.
Wake up Nigeria !!!Yeltsin of Russia did. It took Putin (http://nigeriansforsuperenergy.com/phpBB3/viewtopic.php?f=3&t=18&sid=e761a67272b2098eb3cd97e095587769)to put things back in shape. If you have any doubt about government "funded" not "manage" companies is the way out look at Dubai, Today the are going to buy about 20% of USA NASDAQ......

Finally take a look at Donald Duke (http://nigeriansforsuperenergy.com/phpBB3/viewtopic.php?f=3&t=17&start=0&st=0&sk=t&sd=a&sid=e761a67272b2098eb3cd97e095587769).... they said he was a "Lagos Boy" and could not do it in Nigeria.
Like I said before If you have a positive suggestion to make it happen put it on the table. That is all I pray for.

God Bless!!!

God Bless Nigeria!!!!!

Nice letter, it's a shame that it's only for Nigeria though.

A big part of this recommendation is the total involvement of all the stakeholders. The beauty of this approach is strength in number of owners. Truly when you look at the example of 50,000MW it looks large if only the federal government is going to lead, own and support this effort. But when you divide 50,000MW by 25 (number of Banks) you get 2,000MW and when you divide 50,000MW by 37 (number of States), you get 1,375MW. When you divide it by 774 (number of Local governments), you get 64.6MW and finally when you divide by 120,000 (number of shareholder in a a large Nigerian firm) you get 0.42MW. In short those are the numbers we can be looking at when it comes to investing in this effort. In other words each bank on the average can look to participate in financing a 2,000MW project ( whole or part investment).


I don't really know if you understand the true cost of implementing such a scheme. It is a massive financial undertaking. A greenfield 2000MW project, that you want banks to finance, can cost up to R80 billion. That equates to about USD11.4 billion. I doubt there are many, if any, Nigerian banks that are able to afford such an investment.

Nice letter, it's a shame that it's only for Nigeria though.

Tenrot:

The plan will benefit the whole of Africa. Nigerian currently provides Electricity to Benin and Togo. If we get it right we can supply electricity, gas and Fuel to the whole of Africa. There is also the Trans Saharan pipeline.

Look at Venezuela... They have 24 Refineries World wide.... They are giving away oil to their poor Latin friends

God Bless!!!

God Bless Africa!!!



Benin, Nigeria, Togo power connection launched

afrol News, 16 February - Benin, Togo and Nigeria yesterday inaugurated a power cable linking the three countries' national grids and aimed at improving the insufficient electricity infrastructure in West Africa. Nigeria will increase its power exports and is expected to generate annual revenues of about US$ 14.4 million from the power interconnection.

The 70-kilometre power cable is joining the Electrical Community of Benin (CEB), which groups Benin and neighbouring Togo, with the regional economic powerhouse Nigeria. Nigeria, while having problems supplying its own citizens with stable electricity, is the also region's major energy producer.

The power interconnection will have an initial capacity of 80 megawatts, "which is due to be extended in the coming months," according to a Togolese government release.

A shortfall in electricity capacity and distribution infrastructure is seen as "one of the main limitations on sub-Saharan Africa's economic development," according to the same Lomé sources.

The event therefore was celebrated as a major developmental step forward. "This is an example of regional development where states unite to tackle the problems of underdevelopment, especially in the context of globalisation," Nigerian President Olusegun Obasanjo told the inauguration ceremony, also attended by the Presidents of Ghana, Benin and Togo.

Around 80 percent of the electricity consumed in Benin is already imported, with the majority of this coming from Ghana's Akosombo hydroelectric dam. Ghana by now however faces major power supply problems and increasingly frequent outages and thus relies on greater imports and new hydroelectric projects to be commissioned in the near future.

But also Nigeria, Africa's most populous nation with more than 140 million people, suffers from a shortfall in its own electricity capacity. Its electricity generation fell by half in January due to gas shortages at key thermal plants after vandalism and technical faults.

Despite large hydroelectric potentials, Nigeria still mostly relies on its vast oil and gas resources to produce energy. The construction of new facilities nevertheless has not kept pace with population growth and an expanded economy crying out for more power.

Even if Nigeria faces severe energy shortages, the federal government counts on being able to export rather large quantities of electricity to Togo and Benin. According to the Chief Executive Officer of the Transmission Company of Nigeria (TCN), Godwin Osakue, the federal government of Nigeria could expect annual revenues of about US$ 14.4 million from the power exports to the two neighbour states.

Therefore, it had also been Nigeria that had paid for the bulk of investments needed in interconnecting the three countries. According to Mr Osakue, Nigeria had spent about US$ 25 million on the project, out of which about US$ 16 had been borrowed from the African Development Bank (ADB). The ADB had recognised the project as a regional development priority.

With the new interconnection, the large Nigerian electricity network is connected to the wider West African network. While flows mostly are expected to go out of Nigerian towards Benin and Togo - even being able to reach Ghana and beyond - supplies are also able to go the other way. One of the most important missions of the interconnection thus is stabilising power availability in the entire region.

By staff writer

© afrol News


West African Gas Pipeline (WAGP) Project

http://www.eia.doe.gov/emeu/cabs/wagp2.gif

Introduction
In 1982, The Economic Community of West African States (ECOWAS) as one of its key regional economic policies, proposed the development of a natural gas pipeline throughout West Africa. ECOWAS's regional energy distribution plan (1991) and a feasibility study on the supplying of Nigerian gas to Ghanaian markets (1992) further ehanced the practicality and need of developing a regional pipeline. A feasibility report, prepared for the World Bank in the early 1990's, deemed that a pipeline to transport Nigerian natural gas to Benin, Togo and Ghana was commercially viable. The report's conclusion was based on the U.S.-firm Chevron's associated gas reserves in Nigeria's Escravos region. In September 1995, the governments of the four nations signed a Heads of Agreement (HOA) pertaining to the pipeline project. The HOA broadly outlined the principles of the pipeline development.

An energy shortage experienced by Ghana, Togo, and Benin in 1997-1998 renewed interest in the pipeline project. In August 1998, a consortium of Chevron, Shell, Nigerian National Petroleum Corporation (NNPC), Ghana National Petroleum Corp. (GNPC), Societe Beninoise de Gaz (SoBeGaz), and Societe Togolaise de Gaz (SoToGaz) signed an agreement commissioning a feasibility study on the West Africa Gas Pipeline (WAGP). The study, which was completed in March 1999, concluded the commercial and technical viability of the WAGP, and projected that it could be operational as early as 2002. On August 11, 1999, in Cotonou, Benin, a Memorandum of Understanding was signed by the four countries and the consortium establishing the legal framework for the WAGP. The Joint Venture Agreement naming Chevron as the WAGP project manager was signed on August 16, 1999 in Abuja, Nigeria. In February 2000, the four nations signed an Inter-Governmental Agreement (IGA) which established the framework for realizing the pipeline venture. The IGA includes the governments commitments to the pipeline owners and gas distributors on the conditions for the development, construction and operation of the WAGP, as well as fiscal and customs policies for the venture. The project has received administrative support from the ECOWAS Secretariat and technical assistance ($1.55 million) from the United States Agency for International Development (USAID).

In June 2002, A gas supply agreement for Ghana's Takoradi power plant was signed. The gas is expected to significantly reduce boiler-fuel costs at Takoradi by substituting gas for oil. In February 2003, The four nations signed an agreement on the implementation of the WAGP. The treaty, which is for a 20-year period, provides for a comprehensive legal, fiscal and regulatory framework, as well as a single authority for the implementation of the project. The WAGP partners are ChevronTexaco with 36.7%, NNPC with 25%, Shell with 18%, Ghana's Volta River Authority (VRA) with 16.3% and SoBeGaz and SoToGaz each with a 2% interest.

Project Details
The WAGP will traverse 620 miles (1,033 kilometers) both on and offshore from Nigeria's Niger Delta region to its final planned terminus in Ghana. The first portion of the pipeline, which will deliver gas to the greater Lagos area (Alagbado), is already in existence. The Escravos-Lagos pipeline (ELP) was commissioned in 1989, supplying natural gas to Nigeria's Egbin power plant and other industrial consumers in Lagos and Ogun States. ELP has a capacity to handle nearly 900 million cubic feet per day (Mmcf/d) of natural gas, but currently the majority of this capacity is not utilized. A 34-mile (57- kilometer) onshore portion of the WAGP will run from Alagbado to Seme beach in Lagos State. The WAGP will continue offshore, with proposed landfall spurs at Cotonou (Benin), Lome (Togo), Tema (Ghana), Takoradi (Ghana) and Effasu (Ghana). The initial capacity of the WAGP will be 200 Mmcf/d, with the capability to expand to 600 Mmcf/d as demand grows.

The $500-million WAGP will initially transport 120 Mmcf/d of gas to Ghana, Benin and Togo begining in June 2005. Gas deliveries are expected to increase to 150 Mmcf/d in 2007, to 210 MMcf/d in 7 years and be at 400 Mmcf/d when the pipeline is functioning at its capacity (approximately 15 years after construction). It is estimated that $600 million will be spent on the development of new and renovated power facilities in the four states to utilize the gas. It is also possible that the WAGP will be extended to markets in Cote d'Ivoire. Speculation has the WAGP eventually terminating in Senegal, but the current regional stability problems of several countries (Cote d'Ivoire, Liberia, Sierra Leone) that lie on the way to Senegal, will hinder any further extension of the WAGP.

Project Benefits
A study, commissioned by Chevron, estimates that 10,000 to 20,000 primary sector jobs will be created in the region by WAGP. New power supplies, fueled by gas from the project, will stimulate the growth of new industry. The industrial growth has the potential to spawn an additional 30,000-60,000 secondary jobs. In addition to the $1 billion in investment (WAGP and power facilities) already projected, the study sees approximately $800 million in new industrial investment occurring in the region.

The World Bank estimates that Benin, Togo and Ghana can save nearly $500 million in energy costs over a 20-year period as WAGP-supplied gas is substituted for more expensive fuels in power generation. Ghana estimates that it will save between 15,000-20,000 barrels per day of crude oil by taking gas from the WAGP to run its power plants. Chevron has signed a 20-year agreement to supply natural gas, via the WAGP, to a 220-MW power plant proposed in Tema, Ghana. Under terms of the contract, the plant will receive 40 Mmcf/d of natural gas.

Environmental Impact
The major positive environmental impact of WAGP will be the development and use of gas currently flared in Nigeria. Research by ecologists suggests that routine flaring of gas at Niger Delta facilities has stunted plant growth and reduced crop yields in the region. Cleaner-burning gas supplied by the WAGP will replace petroleum products used in the generation of electricity.

Several local environmental groups in Ghana, Nigeria, and Togo oppose the WAGP project. Friends of the Earth-Ghana argue that environmental impact assessments of the project were not given sufficient priority in feasibility studies. Nigerian environmentalists estimate that a total of 50,000 families in Nigeria, Ghana, Benin, and Togo could be displaced as a result of the WAGP project.

Return to Nigeria Country Analysis Brief
Return to ECOWAS Fact Sheet


Another one

Nigeria and Algeria begin study of $ 6 bn Trans-Saharan gas pipeline

16-05-05 Nigeria and Algeria have awarded a contract for a feasibility study of the $ 6 bn Trans-Saharan gas pipeline.
The contract was awarded to UK-based pipeline engineering group Penspen. The project is being undertaken by the Nigerian National Petroleum Corporation (NNPC) and Algeria's Sonatrach on behalf of the government of the two countries.

The project was proposed under the New Partnership for African Development (NEPAD) initiative to connect to gas resources in Nigeria and Algeria and carry them to consumers who could access the gas along the pipeline's route and at its terminal point on the Mediterranean coast of Algeria.
NNPC's Group Executive Director Exploration and Production, Dr Edmund Ayoola, signed the contract on behalf of the Corporation along with the vice president of pipeline transportation of Sonatrach Hocine Chekired and Penspen's CEO David Stanley.

The scope of work to be undertaken includes market analysis, pipeline infrastructure requirements, establishment of gas supply sources, project cost estimates, assessment of the policy issues and institutional framework relating to the project, economic and financial analysis, pipeline route survey, project risk analysis, assessment of environmental issues and a regional benefit study. The study is expected to be completed in nine months.
"We are of course very pleased to have been awarded this visionary project. It is a world-class pipeline impacting not only the African continent but will become a major supply conduit for gas into Europe. We are looking forward to working with Sonatrach and NNPC," said David Stanley.

The gas pipeline will be 4,400 km long with about 800 km across Niger Republic. Gas is expected to flow at 18 bn cmpy reaching up to 25 bn cmpy from Warri in Nigeria to Beni Saf, Algeria, and finally to consumers in Europe.
The Nigerian National Petroleum Corporation (NNPC) is handling the project on behalf of the Federal Government while Algeria's state-run oil company Sonatrach, is in charge for theNorth African country. The two countries signed a Memorandum of Understanding (MoU) in January 2002. The project will represent the biggest market outlet, after the LNG project, for Nigeria's huge gas deposits put at 165 tcf.

The Penspen Group has provided engineering and management services to the oil and gas industry worldwide for over 50 years. Penspen has no ownership ties with operators, contractors or suppliers and therefore can offer a truly independent, best practice service.
It has also undertaken over 5,000 projects in almost every country in the world and has tackled almost every conceivable challenge from the economic evaluation of pipelines in developing nations and complex integrated design and construct contracts, to limit-state design of pipelines in deep water.

Source: This Day

I don't really know if you understand the true cost of implementing such a scheme. It is a massive financial undertaking. A greenfield 2000MW project, that you want banks to finance, can cost up to R80 billion. That equates to about USD11.4 billion. I doubt there are many, if any, Nigerian banks that are able to afford such an investment.

Brother,

It is not the banks alone it is everyone. We have excess revenues to do it. Look at this graph and weep..... Oil ended on the market about $83.
http://nigeriansforsuperenergy.com/chart4.gif

I remember when we were crying for oil to get to $15. Nigeria also is bless with one of the best and expensive crude oil ( name Sweet Bonney). So we have more than enough. We just need the manager and leaders with the ability to manage. I see a change in leadership that understands the issue just like Donald Duke (Donald Duke Legac (http://nigeriansforsuperenergy.com/phpBB3/viewtopic.php?f=3&t=17&sid=e761a67272b2098eb3cd97e095587769)y) did for Cross River State.

God Bless!!!

God Bless!!! Africa!!!!

I'm sorry...but if Nigeria is in such a crisis, why is it supplying others with power and not itself?

So you are saying that Nigeria has +- USD267.85 billion to spend on increasing power to 50000MW?? That is about USD50 billion larger than the Nigerian's GDP. Where will they find this kind of money?

So you are saying that Nigeria has +- USD267.85 billion to spend on increasing power to 50000MW?? That is about USD50 billion larger than the Nigerian's GDP. Where will they find this kind of money?

Well, they can simply go to the international debt markets and raise most of the money to do this. The debt can easily be secured through oil assets and concessions (which Nigeria is blessed to have in large quantities). The only thing required is for the government to reform the energy sector and revamp the state owned electricity utility company (either through partial privatization or bringing private public partnerships). Also they can start to make it easier for independant power producers (IPPs) to enter the market so that they can augment the government's investment in power generation. Also a project that endevours to increase production capacity by 50,000 MW will probably take a good 10 - 15 years to accomplish anyway so the financing is spread out over a much longer term.

I think there is already ample interest from foreign investors in the Nigerian energy sector as long as they are spared of the usual bureaucratic red tape associated with implementing large scale projects of this nature in Nigeria. Also if i remember correctly the central bank of nigeria is sitting on over $50 billion in foreign currency assets, so some of it can be invested in this.

I'm sorry...but if Nigeria is in such a crisis, why is it supplying others with power and not itself?

My brother ....The best answer I can I found ..It was a contract that was entered into when some leaders were thinking Nigeria could deliver. BTW it is only 80mw ans will not make a difference in Nigeria nightmare!!!

So you are saying that Nigeria has +- USD267.85 billion to spend on increasing power to 50000MW?? That is about USD50 billion larger than the Nigerian's GDP. Where will they find this kind of money?

My brother.... read the letter again....
1.
3. All banks must invest a percentage of their net worth. Corporations and individual investors will be encouraged to invest in the projects with a strong push for public stock participation.

Corporations and investors are not limited to Nigeria.

2. 50,000MW increase cannot be achieved in one year. Therefor +$267b will not be needed in one year.

3. As you grow the MW from a joke of 3,000MW for 140m people, the GNP will astronomically increase. My brother in Jan this year the energy situation was so bad no fuel no electricity, barbers could not even run their business. Coca Cola has never used public electricity for their business due to unreliable power supply. I was speaking to a CEO of a ATM outfit in Nigeria and he told me his generators were running 60% of the time. Brother that is more than SAD!!!!!!!!!!

So lets change it.

God bless!!!

God Bless Nigeria!!!!

My brother ....The best answer I can I found ..It was a contract that was entered into when some leaders were thinking Nigeria could deliver. BTW it is only 80mw ans will not make a difference in Nigeria nightmare!!!

In a crisis ever MW counts...