{"id":16337,"date":"2017-10-12T20:20:04","date_gmt":"2017-10-12T20:20:04","guid":{"rendered":"http:\/\/newsroom247.com.ng\/?p=16337"},"modified":"2017-10-12T20:39:18","modified_gmt":"2017-10-12T20:39:18","slug":"power-sector-failure-discos-have-failed-nigeria-invites-new-investors","status":"publish","type":"post","link":"http:\/\/newsroom247.com.ng\/?p=16337","title":{"rendered":"POWER SECTOR: DISCOS&#8217; HAVE FAILED, NIGERIA INVITES NEW INVESTORS"},"content":{"rendered":"<p><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<!-- www.deltanewsroom.com --><br \/>\n<ins class=\"adsbygoogle\" style=\"display: block;\" data-ad-client=\"ca-pub-2163942495525027\" data-ad-slot=\"1411897411\" data-ad-format=\"auto\"><\/ins><br \/>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p>\n<p style=\"text-align: left;\"><strong>Following the failure of Electricity Distribution Companies (DisCos)\u00a0 to provide steady power supply, the federal government has commenced negotiations with operators with a view to ceding some of their shares to accommodate new investors who would bring in more funds to increase their service delivery.<\/strong><br \/>\nThe Minister of State for Budget and National Planning, Mrs. Zainab Mohammed, disclosed this at the end of the Nigeria Economic Summit 23#, in Abuja, Thursday. Discos have been recognised as obstacles to the nation\u2019s quest for efficient electricity sector.<\/p>\n<p><code><iframe loading=\"lazy\" src=\"https:\/\/www.alternativeadvert.com\/show.php?z=30&amp;pl=14688&amp;ad_type=59&amp;rl=180\" width=\"300\" height=\"250\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/code><\/p>\n<p>Her words, \u201c The Power sector has been privatized and every Nigerian knows that the privatization has not worked well. Things we sought to achieve in the power sector have not yet happened. And we have now come to the point where investors in the power sector must come together and decide to cede some of their holdings to enable new investors with expertise come in to enable us grow the power sector at the pace we want. It involves negotiating with existing owners and also government.<br \/>\n\u201cNo new investor will be interested to come in with the level of tariff obtainable now. There will be an impact on tariff. Starting point will be Discos.<br \/>\n\u201cThe power sector will be opened up to new investment, it is very clear that no new investor will be coming without having a satisfaction from the tariff that will be obtainable in the industry. \u201cThat is a discussion that must be held. It is very clear to us now that the level of tariff we have now is not obtainable. It will be a subject of negotiation between government, the existing investors and new investors as well as consumers.<br \/>\n\u201cWe will try to attain to optimal level that will make an impact on the tariff. The starting point will be the Discos.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2017\/09\/POWER.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-15963\" src=\"http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2017\/09\/POWER-300x225.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2017\/09\/POWER-300x225.jpg 300w, http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2017\/09\/POWER.jpg 640w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following the failure of Electricity Distribution Companies (DisCos)\u00a0 to provide steady power supply, the federal government has commenced negotiations with operators with a view to ceding some of their shares to accommodate new investors who would bring in more funds to increase their service delivery. The Minister of State for Budget and National Planning, Mrs. [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":15963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"ngg_post_thumbnail":0,"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[4],"tags":[3258,4208],"class_list":["post-16337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-discos","tag-zainab-mohammed"],"jetpack_featured_media_url":"http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2017\/09\/POWER.jpg","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4oswh-4fv","_links":{"self":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/16337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16337"}],"version-history":[{"count":3,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/16337\/revisions"}],"predecessor-version":[{"id":16342,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/16337\/revisions\/16342"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/media\/15963"}],"wp:attachment":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16337"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}