News

US Based Firm to Raise $10 Billion for 10,000 Megawatts Power Project for

Nigeria

Los Angeles, CA, July 13, 2015 –( PR.com) — Capital Investment today announced plans to raise $10 Billion to build up to 10,000 power projects in Nigeria.

A 10,000 MW power project will add at least 30-40% to Nigeria’s GDP, create up to 5 million direct and indirect jobs and increase the financial well being of millions of Nigerians, says, Toyin Dawodu, Managing Partner of Capital Investment Group. “It will also help position Nigeria as a destination for other investments that are looking to tap the vast consumer market of Nigeria,” says Toyin.

Nigeria, a country of 170 million people currently generates less than 5,000 MW of electricity. 10,000MW is a drop in the bucket towards Nigeria’s power needs of at least 170,000 MW over the next 5-10 years. The potential market for power generation in Nigeria is over $100 billion.

In addition to raising this equity capital, Capital Investment Group also plans to tap and leverage the $7 Billion funding provided by President Obama for Power development initiatives in Africa.

“The people of Nigeria want 24/7 electricity, Nigerian business owners need 24/7 electricity, and the investment and infrastructure world will benefit from the massive project in terms of creating work and tremendous returns on investment,” stated Toyin Dawodu, Managing Partner of Capital Investment Group, the major driver of the project.

Nigeria, “the pride of Africa” with a population of 170 million people is in virtual darkness. For the last fifteen years, the people of Nigeria have not had more than 4,000 MW of power and many times, power generation drops down to less than 1,200 MW.

This situation has brought untold misery to the people of Nigeria, both rich and poor. Successive previous governments have failed at every turn in addressing this misery.

With a new government in place, Capital Investment Group believes the time has come to try once again to engage the government in a partnership that will finally bring 24/7 electricity to the people of Nigeria.

Historical Perspective

In 2010, Toyin Dawodu, crystallized his dream of building up to 4,000 MW of power for the Nigerian people. This plan was initially endorsed by the former President Jonathan, but the project was postponed due to the privatization plan of the government.

It’s five years later and the dream has gotten bigger. The demands for electricity in Nigeria continues to grow.

There is a new Government in place. The people of Nigeria are suffering, and the financial and infrastructure world can’t wait to provide the necessary solution.

Today, the average Nigerian generates his own electricity with the use of individually operated small to medium sized petrol or diesel powered generator.

The cost of this generation at 40-65 cents per kilowatt hour, is 50-70% higher than in most countries. There are more than 60 million small power generators in Nigeria generating almost 60,000 MW of electricity.

Capital Investment Power Solution

Capital Investment Group, with its technical and financial partners will build and deliver a minimum of 10,000 Megawatts of distributed energy over the next five years.

According to Toyin Dawodu, “The money and the structure to accomplish this huge undertaken has been in the works for over six years. The world is awash in money and infrastructure funds are looking forviable investments. The Nigerian people are more than ready, and the only equation that needs to be plugged in is the cooperation of the Nigerian government, and we believe the New Government of President Buhari will embrace this initiative and give us his full support. We are not seeking government funds, we only want the Nigerian Government’s support,” added Toyin.

All the funding will come from private sources both and majority of the funding will be sourced from theUS and European Private Equity and hedge funds.

This project presents an opportunity for Nigeria, the financial and infrastructure world to come together and unleash a developmental project that can create huge opportunities for every forward looking investor and infrastructure company.

For more information to participate in funding or providing technical tender for each of the mega projects, please contact our office for complete details including our white paper on powering Nigeria.

According to Toyin, “Since power generation in Nigeria is no longer be the exclusive purview of the Federal government in Nigeria, both state and local governments are encouraged to seek immediate partnership on this initiative in order to move their communities forward.”

Their first objective is to immediately help each state and local Government to power all their strategic institutions, specifically hospitals, schools and water treatment plants.

It is unfortunate that in this 21st Century, 95% of Nigerian students have to attend school and study indarkness with flash lights and candles.

Individual professionals, especially Nigerians in Diaspora interested in employment opportunities can email their resumes direct to our company.

Media Contact

Toyin Dawodu

toyin@capvestgroup.com

+1-951-750-8429

info@capvestgroup.com

Contact Information:

Capital Investment Group

Toyin Dawodu

951-750-8429

Contact via Email

www.capvestgroup.com

Online Version of Press Release:

You can read the online version of this press release at:

http://www.pr.com/press-release/628516

Facebook brings U.S-based Nigerian’s ideas to Jonathan

By Atom Lim
August 22, 2010 1

In 1985, the then Nigerian ambassador to the United States received a letter from a Nigerian who had just earned an MBA in Marketing at the California State University. In the letter, Toyin Dawodu asked the diplomat to convey his proposal for the creation of Nigeria’s sovereign wealth fund to the then Head of State, Muhammadu Buhari.

Embassy officials acknowledged receipt of the letter, but that was the last Mr. Dawodu heard from them. Twenty five years after the incident and after several failed attempts to get a Nigerian leader to consider any of his proposals, Mr Dawodu received news from friends that Goodluck Jonathan had instructed presidency staff to contact him over his idea to generate 4,000 megawatts of power in Nigeria.

On July 5, seven days after joining the social network site Facebook, Mr Jonathan wrote on his page: “Again, I spent time reading your comments and yesterday a youth named Toyin Dawodu indicated that he had an idea for a project that could deliver 4,000 MWs of electricity. I believe in the creativity and the spirit of innovation resident in our youth and I want to give Toyin Dawodu a chance to be heard. Toyin, someone from my office will make contact with you regarding your idea.”

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California Company to Create Over 1,000 Jobs
Building and Exporting Power Plants to Africa

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Can these strategies permanently solve Nigeria’s power problems?

Difron launching Web to TV box

10:00 PM PDT on Sunday, June 7, 2009
By JULIANE NGAN
Contributing Writer

Saigant Technologies Inc. has developed a device its officials believe will be a serious competitor to cable TV.

After two years in development, an Internet appliance box called Difron, which can transfer video directly from the Internet to television, is ready to go to market.

Toyin Dawodu, the president and CEO of the Grand Terrace-based company, said he is confident the box will reach 1 to 2 million households in the next three to five years. It’s projected that consumers will be utilizing the boxes in their homes within the next six months.

“I’m extremely proud of what we have,” Dawodu said. “We know as the future comes, we’re going to be in the same league as major cable companies because it gives us the opportunity to get into the living rooms of consumers just like regular network television stations without having to deploy a lot of infrastructure.”

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Profile: Saigant Technologies

By JOSEPH ASCENZI THE BUSINESS PRESS
Publication: The Business Press (Riverside, CA.)
Date: Monday, May 12 2008

A Grand Terrace company plans to market a device later this year that transmits video programming from the Internet to television. Saigant Technologies Inc. introduced Difron at the Digital Living Room conference in March in San Francisco, a gathering of entertainment, broadcast and telecommunications officials along with venture capitalists. Difron attaches to a television set like a cable television box and is operated by remote control.

Instead of selecting stations from the local cable television provider, or the Dish Network or DirecTV, Difron can pull anything off the Internet and stream it to a television set, said Toyin Dawodu, co-founder and chief executive officer of Saigant Technologies, a software and technology company. Difron makes it possible to watch any television station in the world live, said Dawodu, who founded Saigant Technologies in 2000 along with his fellow Nigerian Noah Awoniyi, the company’s chief technology officer.

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Saigant Technologies to Demonstrate Difron for the
First Time at the Digital Living Room Event

SAN FRANCISCO — Saigant Technologies Inc., a software and technology company, today announced that it will be demonstrating Difron[TM] at the Digital Living Room conference in San Francisco in front of leaders in the fields of venture financing, entertainment, telecom, broadcast and major electronic companies.

Difron[TM] is an appliance that seamlessly delivers Internet media direct to the television. Difron[TM] is the next level in media entertainment that gives the consumers the choice of watching any television station anywhere in the world that is on the Difron[TM] Network. According to Toyin Dawodu, Co-founder and CEO of Saigant Technologies, “Our goal is to provide a true television experience for the consumer, and give content owners the ability to monetize and deliver their content to a worldwide audience through Difron[TM] LIVE and on-demand TV network.”

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Zxmail builds a virtual office

Chris Yurko (PC World)
25 August, 1999 21:49
These days you can organise and plan almost anything online. You can keep a virtual date book that sends you e-mail reminders when you have plans. You can keep track of birthdays and anniversaries with a virtual calendar. You can back up your hard drive on a Web site and access your documents when you’re on the go.

The only problem: you have to keep track of all the different sites you use to keep your life simple. You can use bookmarks, but what if you’re using someone else’s computer? You could write them down, but should you have to bother?

Is all this online organization really helping you out at all?

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