jbisub
October 31st, 2007, 02:56 AM
Re: Excess Crude Account is a No-Go-Area for This Government to Fund Power Projects
By
Joseph Inyang
Nigerians for Super Energy
On the 29th October, 2007 the Special Adviser on Communications to the President Mr. Segun Adeniyi said the issue of funding energy sector projects had been a source of worry to the government, hence the decision by the President to call for private sector participation in the development of the sector. “You know most of the funding is supposed to come from the Excess Crude Account, which, given the position of this government it cannot continue, because the Excess Crude Account is a no-go-area for this government.”
Joseph Inyang
Nigerians for Super Energy
On the 29th October, 2007 the Special Adviser on Communications to the President Mr. Segun Adeniyi said the issue of funding energy sector projects had been a source of worry to the government, hence the decision by the President to call for private sector participation in the development of the sector. “You know most of the funding is supposed to come from the Excess Crude Account, which, given the position of this government it cannot continue, because the Excess Crude Account is a no-go-area for this government.”
We at the Nigerians for Super Energy (NFSE) is 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. NFSE was formed in June 2007 in the United States of America. We strongly believe that the Excess Crude Account is GO – GO area. We also believe that this can be done constitutionally. If we are the people that elected the three tire of government, then we the people need to ask all three tires of government to fund the energy projects in our beloved country. As you can see from our recommendations (see below) we do not only call for the three tires of government but private sector, individuals, non-governmental groups to friends of Africa like Bill Clinton to help make 50,0000 megawatts of energy in Nigeria a dream come true.
We at the Nigerians for Super Energy (NFSE) is 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. NFSE was formed in June 2007 in the United States of America. We strongly believe that the Excess Crude Account is GO – GO area. We also believe that this can be done constitutionally. If we are the people that elected the three tire of government, then we the people need to ask all three tires of government to fund the energy projects in our beloved country. As you can see from our recommendations (see below) we do not only call for the three tires of government but private sector, individuals, non-governmental groups to friends of Africa like Bill Clinton to help make 50,0000 megawatts of energy in Nigeria a dream come true.
The following is a strategic redefinition of stakeholders in the Nigerian Energy sector as early defined in one of our early calls for action:
President: The leader of this emergency plan.
The Federal government and pedestals: Will provide most of the funds and direction for the plans.
The National Assembly: Make laws to easy the accomplishment of the goals and monitor the projects.
State government: Provide funds and as well as land for projects. The will also help monitor the projects.
Local governments: Same as State government, provide funds and as well as land for projects. The will also help monitor the projects. Their buy-in, support and monitor of projects can be a difference between a project completed on time and one that is very late due to community issues.
Unions: Unions would provide protection for workers as the projects are executed. As they say happy workers make excellent products.
Bankers: We provide financial support to the project. In every developed country the banks are normally called to help in financially challenging areas. In this case it is the energy sector.
Investors: There are two kinds of investors the shareholder and the actual management and investment team that will make the initial investment with government (Federal, State and Local) and banks to form a public/private firm that will later be trader on the stock market for shareholder to participate.
News Media: With the hopefully signing of the FOI Bill ( Freedom of Information), the news media will help in monitoring and supporting the completion of the projects.
Some of you maybe saying this is a large group. Yes it will be, but we recommend that the working team be keep small and the representatives of the subgroups be responsible for updating their groups. For example we will not want to have all the 774 local governments at the working team but have either one or two representatives from each state. However in some instances the group may have to meet to to approval important milestones. Same goes for the New Media. The shareholder can be represented by Independent Shareholders Association of Nigeria (ISAN).
Our Electrical strategy recommends 50,000 megawatts in a well planned power grid, 10,000 megawatts less than Brazil (if compared on a per capita basis). When we divide 50,000 megawatts by 774 local governments, we have 65 megawatts as a goal. The strategy can be summarize as follows (A more detailed plan can be found at nigeriansforsuperenergy.com):
1.Having Local (group of) governments be the midwives of electrical power plants (to establish grassroots ownership). While a combination of Federal, State, and local governments will take lead in contributing funds to Independent/Public Power Plants. Current and Future Excess revenues must be used.
2.Seek AIDS type agreement with GE and Siemens to provide 50,000 megawatts of turbines at good discounts.
3.All banks must invest a percentage of their net worth. Private corporations should invest and manage these power plants. Individual investors must be given opportunities to contribute (invest) by public stock participation.
4.Alternative sources of generation (coal, hydro, solar and wind) must be considered. Also conservation initiatives like compact florescent tubes should be used to increase efficiencies.
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).
Fathers, mothers, brothers, and sisters, the energy situation in Nigeria is so bad that we wish and pray that Federal, State, Local governments would lock themselves in a room (with a map of Nigeria and current power projects and our goal of 50,000 megawatts) and not let themselves out until they have come up with a way to partly fund our power projects (like the Cardinals use to do when electing a Pope).
When the energy issues in Nigeria are solved, a lot of Nigerian lives will be astronomically improved. So we call on Nigerians to join this noble effort for the good of our country and children. We support Mr. President and his team in their noble cause for our fatherland.
God Bless Nigeria!!!!
By
Joseph Inyang
Nigerians for Super Energy
On the 29th October, 2007 the Special Adviser on Communications to the President Mr. Segun Adeniyi said the issue of funding energy sector projects had been a source of worry to the government, hence the decision by the President to call for private sector participation in the development of the sector. “You know most of the funding is supposed to come from the Excess Crude Account, which, given the position of this government it cannot continue, because the Excess Crude Account is a no-go-area for this government.”
Joseph Inyang
Nigerians for Super Energy
On the 29th October, 2007 the Special Adviser on Communications to the President Mr. Segun Adeniyi said the issue of funding energy sector projects had been a source of worry to the government, hence the decision by the President to call for private sector participation in the development of the sector. “You know most of the funding is supposed to come from the Excess Crude Account, which, given the position of this government it cannot continue, because the Excess Crude Account is a no-go-area for this government.”
We at the Nigerians for Super Energy (NFSE) is 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. NFSE was formed in June 2007 in the United States of America. We strongly believe that the Excess Crude Account is GO – GO area. We also believe that this can be done constitutionally. If we are the people that elected the three tire of government, then we the people need to ask all three tires of government to fund the energy projects in our beloved country. As you can see from our recommendations (see below) we do not only call for the three tires of government but private sector, individuals, non-governmental groups to friends of Africa like Bill Clinton to help make 50,0000 megawatts of energy in Nigeria a dream come true.
We at the Nigerians for Super Energy (NFSE) is 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. NFSE was formed in June 2007 in the United States of America. We strongly believe that the Excess Crude Account is GO – GO area. We also believe that this can be done constitutionally. If we are the people that elected the three tire of government, then we the people need to ask all three tires of government to fund the energy projects in our beloved country. As you can see from our recommendations (see below) we do not only call for the three tires of government but private sector, individuals, non-governmental groups to friends of Africa like Bill Clinton to help make 50,0000 megawatts of energy in Nigeria a dream come true.
The following is a strategic redefinition of stakeholders in the Nigerian Energy sector as early defined in one of our early calls for action:
President: The leader of this emergency plan.
The Federal government and pedestals: Will provide most of the funds and direction for the plans.
The National Assembly: Make laws to easy the accomplishment of the goals and monitor the projects.
State government: Provide funds and as well as land for projects. The will also help monitor the projects.
Local governments: Same as State government, provide funds and as well as land for projects. The will also help monitor the projects. Their buy-in, support and monitor of projects can be a difference between a project completed on time and one that is very late due to community issues.
Unions: Unions would provide protection for workers as the projects are executed. As they say happy workers make excellent products.
Bankers: We provide financial support to the project. In every developed country the banks are normally called to help in financially challenging areas. In this case it is the energy sector.
Investors: There are two kinds of investors the shareholder and the actual management and investment team that will make the initial investment with government (Federal, State and Local) and banks to form a public/private firm that will later be trader on the stock market for shareholder to participate.
News Media: With the hopefully signing of the FOI Bill ( Freedom of Information), the news media will help in monitoring and supporting the completion of the projects.
Some of you maybe saying this is a large group. Yes it will be, but we recommend that the working team be keep small and the representatives of the subgroups be responsible for updating their groups. For example we will not want to have all the 774 local governments at the working team but have either one or two representatives from each state. However in some instances the group may have to meet to to approval important milestones. Same goes for the New Media. The shareholder can be represented by Independent Shareholders Association of Nigeria (ISAN).
Our Electrical strategy recommends 50,000 megawatts in a well planned power grid, 10,000 megawatts less than Brazil (if compared on a per capita basis). When we divide 50,000 megawatts by 774 local governments, we have 65 megawatts as a goal. The strategy can be summarize as follows (A more detailed plan can be found at nigeriansforsuperenergy.com):
1.Having Local (group of) governments be the midwives of electrical power plants (to establish grassroots ownership). While a combination of Federal, State, and local governments will take lead in contributing funds to Independent/Public Power Plants. Current and Future Excess revenues must be used.
2.Seek AIDS type agreement with GE and Siemens to provide 50,000 megawatts of turbines at good discounts.
3.All banks must invest a percentage of their net worth. Private corporations should invest and manage these power plants. Individual investors must be given opportunities to contribute (invest) by public stock participation.
4.Alternative sources of generation (coal, hydro, solar and wind) must be considered. Also conservation initiatives like compact florescent tubes should be used to increase efficiencies.
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).
Fathers, mothers, brothers, and sisters, the energy situation in Nigeria is so bad that we wish and pray that Federal, State, Local governments would lock themselves in a room (with a map of Nigeria and current power projects and our goal of 50,000 megawatts) and not let themselves out until they have come up with a way to partly fund our power projects (like the Cardinals use to do when electing a Pope).
When the energy issues in Nigeria are solved, a lot of Nigerian lives will be astronomically improved. So we call on Nigerians to join this noble effort for the good of our country and children. We support Mr. President and his team in their noble cause for our fatherland.
God Bless Nigeria!!!!