[nf5kmw1]

My brothers and Sisters!!!

Yes ohhhh Yes!!! Great!! move by Mr. President and Prof. Soludo.

I hope they consider changing the name of the currency to help implementation (grand ma and uncle in the village will need help). If we truly believe it as the currency for African, the name should reflect that (I humbly suggest Afri) or we can start using the ECOWAS currency name, the Eco.
Secondly I would recommend if not already suggested that we fellow the introduction of the Euro and have products priced at the two currencies 9 months before the switch. For example newspapers and other products and service with visible pricing will have both old and new price. Even your bank accounts, salary,stock, contracts, letter of credit and rent to name a few will have both old and new prices. This will help reduce short term inflationary pressure during conversion.
A former Caribbean PM said the greatest regret he had was devaluing the countries currency. But he had no choice, his predecessors had put the country in too much debt and he did not have any other options then. Even though this is not a revaluation, it should help from an inflation stand point. It would make it easier for us to regain some of the lost value if we grow our economy. So it is not a magic bullet!!!

My brothers and sister the magic bullet!!! is energy Below is an Open letter to Mr. President and some supporting articles for background at this links http://nigeriansforsuperenergy.com/p...8350fcc6280330. We started this campaign to help push for in our own opinion the one thing that will astronomically change the lives of Nigerians. We are asking for two things:
1. 24 Refineries in a National/Publicly traded oil company with global reach.
2. 50,000 megawatts in a well planned power grid.
More information at http://nigeriansforsuperenergy.com
We believe in making this a campaign for everyone, I have spoken to some people in the Labour union and they like the ideas. My point to them was we should concentrate on building a global world class energy power house by supporting the efforts of this new government. It worked for Russia and Venezuela I believe it will work for us. This is a quote in the Appendix, that I sent to you, that shows how Putin regime used Venezuela as an example. "Global Ambitions. The Kremlin wants to play a major role in Russia's domestic and global energy markets while keeping foreign investors at bay. The government-owned Gazpromneft (the combined Gazprom and Rosneft) will be a major global company, bigger than Petroleas de Venezuela (PVDSA) and comparable to Saudi Arabia's Aramco (both state monopolies), and will become an instrument of Russian foreign policy throughout the region and around the world."
The president has said he want to bet the Asian Tigers. This a way of achieving that goal. I lived in Venezuela for 3 years and knew they had a good national oil company, but when I started my research on energy I nearly fall off my seat my I found out they have 24 refineries compared to the whole of Africa with only 39 Refineries.

Thanks in advance for spreading the "word" and I invite you all to personally join the campaign.

Joseph Inyang
Nigerians for Super Energy
2026 N. Oakland Ave
Milwaukee, WI 53202
414-272-1656
http://www.nigeriansforsuperenergy.com
joe@nigeriansforsuperenergy.com

FOR IMMEDIATE RELEASE

MILWAUKEE, WISCONSIN - JULY 28, 2007 Nigerians for Super Energy a grassroots campaign for energy sends an open letter to President Umaru Musa Yar’Adua of Nigeria.

Open Letter to President Umaru Musa Yar’Adua


Dear Mr. President:

We are writing in support of your Energy goals for Nigeria. We believe that Nigeria should become energy “Super Energy Power”. You rightly said so on June 11, 2007 and we quote “As I keep saying, we cannot begin to address, in a fundamental manner, the problems of the economy, until we successfully tackle the power and energy issue. It is critical to all my plans. So I am more interested in how much gas we can tap for domestic use than what we can get for export. We must power this economy,” Mr. President as you know, we have a very sick patient, "Nigerian Energy"; we need world class surgeons to lead this effort no more nurses. No disrespect to my mom she was a nurse for over 40 years!! And when you sign the FOI (Freedom of Information) bill you will have about 100m + eyes helping to monitor the progress of the projects. Mr. President below is our humble suggestions for radically changing our energy strategy.

Fuel Plan
24 Refineries in a National/Publicly traded oil company with global reach is what we need!!!
They say imitation is a form of flattery. If so, Nigeria needs to look to Venezuelans to reform its fuel sector. Due to the policies of Venezuelan oil company, PDVSA, the Venezuelans are able to enjoy $0.19 per gallon or N6.12. The Venezuelan oil company, PDVSA, had decided that it was not the crude oil export business but in the global petroleum and chemical business. So they invested in refining and retail business in Venezuela and almost all their export markets. Today PDVSA processes 3.3m barrels per day through 24 refineries: six complexes in Venezuela, one in the Caribbean, eight in the United States and nine in Europe. The Brazilian Oil company, Petrobras is another example. This company is renowned for its leadership in development of advanced technology from deep-water and ultra-deep water oil production. With 55.7% of Petrobras' Common Shares (with vote right) is owned by the Brazilian government, however privately held portions are traded on Bovespa stock market .On April 21st of 2006, President Luiz Inácio Lula da Silva announced Brazil's self-sufficiency in petroleum. Mr. President please seek counsel of the architects of PDVSA, Mr. Putin and/or Silva to see what they are doing. We recommend three strategic steps to revolutionize our oil sector.
1. NNPC should be come a government/public firm with part of it shares allocated for Nigerians. This will provide the company with a new direction and ownership need for the global challenges.
2. NNPC should go on a buying spree with the aid of government funds to buy (outright or major) shares in refineries in Africa, China and United States. This will provide us with immediate source of refined products, opportunities to train our people and hard currency. Best of all this does not need the 18 to 24 months to build a refinery. This will also provide us a stop gag measure until we build more refineries. It is all about add value and we need to start doing that.
3. Start building 4 refineries and retail outlets to take care of the local demand as estimated for 2010. This will help put to rest the fuel challenges that we face as a Nation.

Electrical Plan
50,000 megawatts in a well planned power grid is what we need!!!
Why 50,000 Megawatts? Given our population, the goals (15,000MW, 20,000MW, and 30,000MW) currently proposed in different political and business circles does not take care of latent electrical demand. In 1999 we estimated a goal of 4,000mw and 5,600mw, we have reached those goals but still not able to survive disruptions to the power grid. South Africa with a population of 47M generates 36,000MW, Brazil population 188M generates 90,000MW and South Korea population 49M generates 43,833MW. Nigeria with a population of 140M would need to generate 67,021MW to be at par with Brazil the lowest per capita among the three countries. Based on the current estimates of 10,000mw in current or in progress, we will need 40, 000mw to complete our goal. This translates in 1,100mw per state and Abuja. Yes we know some states may not be able to generate this amount due to logistic or cost can join with other states to meet their goal. Some states like Lagos will need double or triple that amount. Using current estimates we believe that we need $29 billion for completion of the goal which about $15 billion should come from the Federal government.
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.


We are calling on all Nigerians to wear copper colored ribbon (similar to the AIDS ribbon) and March for a Global NNPC with 24 refineries and a 50,000 megawatts power grid. Mr. President since you understand the challenge, we are ready to give you 100% support to make these changes. If the energy issues in Nigeria are solved, a lot of Nigerian lives will be astronomically improved. We call upon all religious, traditional and civic leaders to join Mr. President and 40 days pray and fasting for success.

God Bless Nigeria!!!!



###

Nigerians for Super Energy 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.