Pataki: @ jp philips,

As highly intellectual your post to dendeike is, unfortunately, you are wasting your time on a gross squalid reeetard as dedeike.

I have long since known that boy is an utter disgrace to the law profession he claims to have studied.

jp philips:


refuting the obvious makes one to look as moronic as dedeike.

Take a close look at the picture i attached, that pic is a project site of JMS a state govt contractor doing airport to uzuagha road.

That lebanese is doing ''road survey and markings''

are we saying that Nigerians cannot do these jobs?

Why are the jonathan's witchdoctors decieving Nigerians on indegenisation.

I have showed evidence that jonathan has zero implementation frame work for the 70% indegenisation he is touting as achievement.


That contract was awarded by the rivers state ministry of works.
If govt itself doesnt care about indeginization, why is Dedeike and other jonathan's witchdoctors disturbing my peace?

karl max: stop beating around the bush and issue ur own rebuttal to what he wrote and also provide links like he did and stop cluthching on straws like the others

1025: for the singular reason that we are arguing whether jonathan is doing well or not makes it clear that he is not doing anything.
all of us have eyes. we see our roads, hospitals, schools and we feel the impacts of security problems.
as we speak, there is fuel scarecity in abuja and lagos. as we speak, our first lady is in a hospital not in nigeria but germany.
if 155 pages of achievements cannot take care of our first lady's health and we cannot have fuel which many countries of the world look up to us for provision, then we need a prophet to confirm that jonathan has done well.
giving awards to 5 million nigerians does not change the price of garri in the market.
make available certain products is one thing then the cost of getting these products will be another topic.
if jonathan is well convinced that he has done much, he will not need all these adverticements here and there. let your works speak for u.
in nigeria today, we see some level of improvements on the power sector and we do not need 155 pages to feel that in our homes.
let the govt do what they swore oaths to do. after people will be asking why husbands and wives go into aso rock and one of them will not come back. why will they come back when they always go against their oaths?

adam adamu: As for me, i think the President is trying his best to see to rapid growth of this country by having the best socio-economic status. Afterall, he has spent more than 1year in the office or have you not seen that Agricultural and Power sectors are improving? Looking at what those that spent four years called "Achievements", we'll know that President Goodluck Jonathan is coming up and with our sincere support, he will get there.

dedeike: I have resolved to abandon the ongoing EPL match to discharge an overwhelming social responsibility to deliver some people from ignorance. This is a sacrifice I have to make in the interest of nation building.

First, JP PHILIPS.
It is surprising how you wasted all that grammar in writing rubbish. We understand that your assignment of discrediting any visible achievement by this govt is enormous but you must strive at least to make a little sense.

First, it was shocking, to say the least, that you could not distinguish between Excess crude account with SWF. Coming from someone who glories in the style of a Nairaland critic, it was embarrassing . FYI, SWF is an enactment of law. Excess crude account is illegal. SWF is a fund with a board for its management. Excess crude is an illegal account where the three tiers share money from. SWF is created for development while Excess crude is created to be shared. SWF is a universally accepted concept while excess crude account is a local fraud.

Secondly, your ignorance was once again on display when you claimed in the second paragraph that the probes and bio metric exercises amounted to nothing.
It's unfortunate that you guys spend more time blackmailing on Nairaland while the rest of the world watch news.

The bio metric exericise exposed the monumental corruption in police pensions upon which the accused persons including a retired perm sec is facing trial in court . See the following link.
http://www.vanguardngr.com/2012/03/n32-8-bn-police-pension-scam-perm-sec-5-others-remanded-in-prison/

Also, the AIG Committee probe exposed the oil thieves including sons of former and present PDP chairmen who are presently standing trial for subsidy fraud. The link is attached as follows:
http://www.thenationonlineng.net/2011/mobile/news/55392-alleged-n13b-fraud%3A-ali’s%2C-tukur’s-sons-face-trial.html
The historic and all time record trial of oil subsidy suspects is still in progress in court. It is not the duty of patience Jonathan to convict them. Get that into your dumb skull.

Thirdly, you once again chose to peddle pedestrian sentiments on petroleum pricing and subsidy after much tutorials on that subject. . In your low mind, it's still all about the reduction of price to 65 or the increase of it. Typical of the thinking of a spare parts trader in mushin. The withdrawal of subsidy is a gateway policy to deregulation. In a deregulated market, you don't have to speak English on Nairaland for pricing. The market forces of supply and demand dictates price. Private refineries operate only in deregulated markets. Importation will end. Prices will fall far lower than this your beloved 65 naira. There will be competition. There will be employment for millions. Above all, there will be sufficiency of products.

Fourthly, You laboured in vain to discredit the rise of our foreign reserves under Jonathan to a remarkable 41 billion dollars because of the Nexim loan.
But unknown to you, debts and loans play a critical role in economic development. That is why even the united states has a debt profile of over 16 trillion dollars. See the link.http://en.wikipedia.org/wiki/US_debt
Lagos state government under the watch of your paymasters ranks as the highest indebted state in Nigeria. See link http://www.punchng.com/news/lagos-kaduna-criver-ogun-oyo-top-foreign-debtors-list/

Fifthly, I was touched and pitied the depths of your ignorance over PIB. Your summary of the bill was a tendentious overkill.
A bill that has being hailed by all stakeholders in the industry as the first legislation to revolutionize the oil industry in Nigeria. FYI, that bill was formulated by the likes of Senator Udo Udoma and Olisa Agbakoba.
It increases to 25% the involvement of NigerDelta people in ownership and management of oil companies in the region.
It unbundles NNPC into 5 or 6 companies.
It abolishes PEF and the corruption that comes with it.
It formulates a right pricing regime for gas and sanctions flaring.
It provides the much needed legal framework for eventual deregulation of the downstream sector.

Finally, you sounded so petty when you tried to strip Jonathan of credit due to him for refurbishing 10 power plants under the NIPP in one year.
This is a project that was kick started by OBJ in 2005 and was abandoned due to allegations of massive corruption. They did not see the light of the day.
In one year, Jonathan has refurbished the 10 power plants abandoned and has started generating an all time record of 4,477 megawatts.
The power plants are now working. And you are not ashamed to come and fool yourself over them.

uzomagic:

Bros, you are seriously on point.

@Jp PHILIPS, face the issues raised in dedeinke's Comment and stop beating about the bush.i have read all your comments and his. He floored you squarely.
Of particular importance to me is the fact the so called power stations started working under Jonathan. You have not disproved this fact. You also equated SWF with ECA and he taught you the difference. He gave us links in support of his argument, you provided none apart from insults. Be serious bro.

uzomagic:

Bros, you are seriously on point.

@Jp PHILIPS, face the issues raised in dedeinke's Comment and stop beating about the bush.i have read all your comments and his. He floored you squarely.
Of particular importance to me is the fact the so called power stations started working under Jonathan. You have not disproved this fact. You also equated SWF with ECA and he taught you the difference. He gave us links in support of his argument, you provided none apart from insults. Be serious bro.

jp philips:


answer the following questions,

how is the SWF funded?

How was the ECA funded?
Leave the comittee and the managers out of it. Leave the legallity out too,

We are talking about money so tell us the source.

Mention one single power plant jonathan started and have finished from the scratch? Just one?
You can include transmission stations if you like.

Dont dabble into issues you dont understand, the NIPP was initiated and funded in part by OBJ, the plants have come upstrream with various challenges,

jonathan brought the amicable prof who organised the already existing NIPP.

Who takes the glory, the man that thought it out, planned and funded it in part before he left

OR

the man that organised it.

Be the judge yourself, hoping you are an adult

while you think about that, has there been a revolutionary initiative from joboy's administration like the NIPP?

Please mention one.

Obasanjo thought of NIPP, consolidation of banks etc, what is that ground breaking achievement of jona?

Lemme guess, printing textbooks of achievements which includes; surfacing of roads, purchase of coaster buses, paying off millitants, enthronement of cabalocracy


You think im stup!d abi

jp philips: @karlmax

i am very impressed with your post and i must commend you for defending jonathan without lies,unlike dedeike the Nazi witchdoctor. kudos!!

Nevertheless, there are some aspects of your post that needs some clarification.

You mentioned the elumelu probe panel and asked me to google it, that i have done and here are my findings;

i will wish to reiterate here that from the 4th page of this thread i have never denied the fact that jona organised the NIPP, you can browse backwards to clear your head.

Back to Elumelu, after the probe, Elumelu told Nigerians that the ''NIPP WAS A FRAUD'' and nothing was on ground.

I went to egbema in imo state and i ran into a power project still under construction with a huge NIPP sign post.

I again travelled to calabar and saw a multi billion naira sub station fully operational with a huge sign post NIPP, then i had my personal doubt.

It wasnt long after the probe that a company called Rockson engineering invited an independent foreign journalist who toured all the NIPP site just to prove that Elumelu lied.

I wasnt in a hurry to draw conclusions not until most companies who par took in the NIPP PROJECT alleged that elumelu was asking them for a bribe.

To cut a long story short, elumelu was later indicted of bribery, he was disgraced and his report discredited.


My question is this; why did a smart guy like you bring up the testimony of a thief without credibility to prove your point?


Let us assume that elumelu was falsely indicted, (which is not so), where did all the assets for privatization appear from if Elumelu was right?


Most jona's suoporters have agreed that jona has not completed any power project from scratch, the improvement in power as experienced in some parts of the federation came from where?

I believe we can safely esponge Elumelu from the realistic power equation.

Another challenge i have is this:

is it a crime for jonathan to roll out his own noble ground breaking initiatives while he continues with the good works of his predecessors?

Is it a crime? Dont you think that Nigerians deserve better? The most populous black nation in the world, the giant of africa? The 5th largest oil exporter in the world with a production of nearly 2.5m barrels of crude daily?


In his booklet, jona smartly passed on the improvement in power as his brain child which is crimminal even when his projects have not come on stream.
he never mentioned any input of his predecessor.


Is jona indirectly telling Nigerians that the much touted change and fresh air is all about organising old projects and stealing its glory wholly?

Once again, thank you for defending jona without lies and i hope you will do same while answering the questions i raised.

jp philips:


answer the following questions,

how is the SWF funded?

How was the ECA funded?
Leave the comittee and the managers out of it. Leave the legallity out too,

We are talking about money so tell us the source.

Mention one single power plant jonathan started and have finished from the scratch? Just one?
You can include transmission stations if you like.

Dont dabble into issues you dont understand, the NIPP was initiated and funded in part by OBJ, the plants have come upstrream with various challenges,

jonathan brought the amicable prof who organised the already existing NIPP.

Who takes the glory, the man that thought it out, planned and funded it in part before he left

OR

the man that organised it.

Be the judge yourself, hoping you are an adult

while you think about that, has there been a revolutionary initiative from joboy's administration like the NIPP?

Please mention one.

Obasanjo thought of NIPP, consolidation of banks etc, what is that ground breaking achievement of jona?

Lemme guess, printing textbooks of achievements which includes; surfacing of roads, purchase of coaster buses, paying off millitants, enthronement of cabalocracy


You think im stup!d abi

karl max: since u are familiar with the elumelu probe and agree with him that there was nothing on ground!.now GEJ took over and lunches his POWER ROAD MAP when he took over and here are what he has achieved so far just less than 2yrs of his administration
President Goodluck Jonathan, no sooner than he came into office last May, conducted a review of the Power Sector Reform and the National Integrated Power
Projects (NIPP). Dr. Jonathan consequently launched the Road Map for the Power Sector Reform on August 26, 2010, to fast-track the implementation of the EPSR Act of 2005. The Road Map seeks, among other things, to strengthen policies and institutions to grapple effectively with the challenges of the power sector reform, including that of efficient private sector investment and management, and of effective government regulation of the sector. For the first time, the country now has a far-reaching and realistic plan for the reform of the power sector, identifying requirements to achieve stable power supply in the entire value chain from gas to generation, to transmission and distribution. The Road Map has set a definitive plan with timelines for medium and long terms goals. Nigeria’s telecommunications sector in which telephone lines rose from under 400, 000 to over 80 million in less than 10 years is a testimony of the
potential of reform to replace scarcity with abundance.
 
The power sector has, under President Jonathan, enjoyed unprecedented government attention. The administration, as soon as it came into being, set up the Presidential Action Committee on Power (PACP) which meets every Tuesday, with the president himself chairing and the Vice President serving as Alternate Chair. The PACP sets policy and grants expedited approvals for critical decisions for the implementation of the power sector reform. The Jonathan administration also set up, shortly after it was inaugurated, the Presidential Task Force on Power (PTFP) as the implementation arm of the PACP; the PTFP supervises the day-to-day implementation of steps to restore confidence in and reform the power sector. Considerable and sustainable successes have been recorded on both the reform and service delivery fronts.

Indices of Progress in Creating a Private-Sector-Led Power Industry
i. New, experienced and credible Commissioners of the Nigerian Electricity Regulatory Commission (NERC) have been sworn in and have commenced work on a Multi-Year Tariff Order (MYTO), which will be attractive to investors, to ensure the commercial viability of the market and, of course, be fair to consumers, especially the urban poor and rural dwellers. 

ii. The Nigerian Bulk Electricity Trading (NBET) Plc has been incorporated. It will purchase electricity generated in the country on behalf of the distribution companies until they mature by attaining credit worthiness. This is to ensure there will be no stranded electricity in the country or economic losses to the stakeholders.

iii. Independent Power Producers are being contracted by the Bulk Trader to generate an additional 6, 000 megawatts by 2014, almost 3, 000 megawatts of which will be available by 2013. 

iv. A World Bank Partial Risk Guarantee (through the Federal Ministry of
Finance) for the Bulk Trader to protect investments in generation plants against
political and other risks and further boost investor confidence is being finalised.

v. Investor confidence is growing. For instance, as many as 331 companies across the globe have expressed interest in investing in the state-owned eleven distribution and six generation companies slated for privatization this year. (It is not altogether surprising that so many firms, including some of the world's most respected ones, have shown interest in Nigeria’s power sector. In October 2010, a highly successful Presidential Retreat for power sector investors was held at the State House, Abuja. Among participants were Siemens of Germany, Rolls Royce of the United Kingdom, General Electric of the United States, Goldman Sachs of the United States, JP Morgan of the United States, Marubeni of Japan, Standard Bank of South Africa, Esser of India, ABB of Sweden and Switzerland, etc.  Before Expressions of Interest (EoIs) were called for the seventeen state-owned power enterprises, eminently successful road shows were held in London, New York, Dubai, Johannesburg and Lagos to apprise the business community of immense investment opportunities created by the ongoing power sector reform. Nigeria has, of course, always provided an excellent return on investments. Immediately the telecoms sector was liberalised, for instance, Nigeria became the cash cow for major GSM operators. Buoyed by the experience of these companies, Bharti Telecoms of India only a few months ago invested billions of dollars to acquire the majority stake in the Nigerian operations of Zain. If the liberalisation of the Nigerian telecoms market could bring tremendous good to both investors and the Nigerian people since the early 2000s, the opening up of the electricity sector will cause a revolution because, among other reasons, power is a much bigger sector than telecoms the world over. In other words, the ongoing power sector reform will cause a major employment escalation with electricity workers enjoying salaries and conditions of service comparable to those of their colleagues working in the telecommunications sector.)

vi. Payment of N57 billion arrears of monetized benefits to PHCN workers owed since 2003 when the Federal Government adopted the policy of monetization of benefits to public officers.   

vii. The government’s determination to address the workers’ concerns and rights by ensuring the prompt payment of benefits to PHCN employees once government’s stake in the distribution and generation companies is diluted.

viii. The government’s decision to reserve a reasonable percentage of shares in the distribution and generation companies for PHCN employees so that they can become part owners of the firms.
 
Indices of Improvement in Service Delivery and Projections for the Future

i. Design and implementation of extensive rehabilitation, replacement and maintenance of assets across the fuel-to-power, generation, transmission and distribution chain of the power sector.

 ii. Conception and planning of 700 KV Super Grid to boost the capacity of the national grid to handle increase in generated power beyond the next decade, enabling Nigeria to be one of the first countries in the world to be on the cutting edge of power transmission technology.

 iii. Initiation of gas-to-power projects to address current and future demand from power generation plants. The launch of a Gas Revolution programme in March, 2011, by President Jonathan underscores this focus.

 iv. Fast-tracking delivery from NIPP facilities: One of the projects, at Olorunsogo, now contributes 113 megawatts to the national grid. 690 megawatts will be produced by December 2011 and an additional 1,000 megawatts will be available by the end of 2012. On the whole, the NIPP will generate a total of 4770 megawatts by December 2013.

 v. 6, 000 megawatts will be generated before the end of 2014 by IPPs like Dangote,
Lafarge, Notore, SuperTex, Wemco, Geometric Power, Chevron, ExxonMobil, Total Fina, Hudson Power, AGIP, Negris, and Mabon Energy.

vi. A superior management system of power supply is now in place. As a result, system collapses are now a rarity. The nation has experienced only two system failures this year, a sharp contrast to the past when we experienced system collapse three or four times every month.

 vii. Prevention of wild fluctuations in power supply: supply has been stabilized at 4, 000 megawatts peak availability, the highest ever in our national history. A whopping 1,000 megawatts has been added to power supply since President Jonathan assumed office less than a year ago.

 viii. Installation of about 3, 000 distribution transformers and associated power equipment and accessories nationwide.

 ix. Many Nigerians are enjoying more hours of power supply because of the
rehabilitation and recovery of existing generation plants.

x. More households and businesses will benefit from the increased generation and enjoy increased hours of electricity as deficiencies in the distribution and transmission networks are progressively eliminated through the refurbishment and upgrading of facilities and a general modernization programme. (Ironically, the ongoing comprehensive rehabilitation programme has caused a number of areas to be without electricity for several hours and sometimes for days and weeks; power supply to these areas has to be interrupted for the rehabilitation to go on. PHCN Management has just been directed to explain what is going on to the public and apologise to the people so affected for the inconveniences caused by the disruptions.)


xi. The power sector will be expanded to drive GDP growth so that Nigeria will generate more than the irreducible 40,000 megawatts needed to make the nation become one of the world’s twenty largest economies by 2020.

 Conclusion

The Road Map for the Power Sector Reform provides light at the end of the tunnel. The Road Map is bringing to an end five decades of underinvestment and inefficiency in Nigeria’s power sector. Ten billion dollars worth of investment is expected in the sector annually for the next decade. (Apart from companies like Esser of India which has since last October pledged to invest $2 billion in the next few years in our nation’s power sector, there are firms from Europe which have pledged to invest up to $20 billion in Nigeria in the next couple of years if Nigeria sustains its present reform pace.) Currently, 70 percent of power supply in Nigeria comes from state-owned power plants, but with the ongoing reform 70 percent of power supply will come from the private sector in the next three to four years. As our experience with telecommunications has demonstrated eloquently, Nigerians will soon begin to take regular supply of quality power for granted. The provision of critical infrastructure like electricity is the foundation needed for Nigeria’s economic takeoff. Truly, Nigeria is a miracle waiting to happen. And I hope when he commissions the transmission and generation plants that are been built accross the nation before his tenure expires which he started and completed would you take back ur words?

dedeike:
foolishness and Stupidity cannot appear in a better form. While I was away, you were on rampage like a mad dog attacking anyone who dared to ask you to offer a feeble rebuttal to the hard facts contained in my post.
Shamelessly, you even confessed to nursing a morbid fear for links and sources. You rather prefer to wallow in the bliss that ignorance offers you. Pathetic.

I understand your frustrations. It's not always easy for an empty mind to be on the receiving end of my posts. You have to cling onto diversionary insults, abuses and rabble rousing to hang on.
I will overcome the temptation to exchange tantrums with you. For your insults, I will offer a measured response with all civility, decency and proof.

First, you jumped out like a bolt out of the blue to denigrate the SWF. You even equated it with ECA. I excused your ignorance and tutored you accordingly on the clear distinctions between the duo. Rather than accept your initial show of ignorance and show remorse, you have been making all manner of U turns and logical sommersaults. The bottom line is that you have an axe to grind with the SWF. Now, I want to supply more links that will help you a undertake a private study of SWF and it's workings.

http://en.wikipedia.org/wiki/Sovereign_wealth_fund
http://www.investopedia.com/terms/s/sovereign_wealth_fund.asp
http://www.businessdayonline.com/NG/index.php/news/76-hot-topic/43555-fg-picks-management-team-for-sovereign-wealth-fund

As usual, you have a phobia for research and knowledge so you won't bother to read them up. Jmaine said it earlier that of if you want to hide anything from a Blackman, you put it in the books.
So the links are not exclusively for you but for those right thinking members of this forum who feel strongly about your inability to supply any tangible evidence in support of your lies.

Secondly, it was the height of illogical reasoning and s.tupidity to even contrive the thoughts that Jonathan should be vilified for reviving NIPP. nothing could be more ridiculous of you. Did you write that stuff? Are you for real? Just tell me you were intoxicated when you wrote that stuff because that is the only grounds upon which that thrash can be excused.

It is not in doubt that Obj started the NIPP projects. It is also not in doubt that he laid the legal framework for the power reforms through the power reforms Act 2005. However, it is a known fact all over Nigeria that the 10 NIPP power stations were abandoned and became bankrupt. Yar ADUA never bothered to continue the reforms and neither made alternative generation plans for the nation. Power fail to its lowest ebb of less than 2000 megawatts. The Elumelu committee revealed massive corruption by Obasanjo in the NIPP. Everything was grounded with some power plants uncompleted.
Jonathan came in and completed the power stations. He also refurbished abandoned ones resulting in the significant generation of 4,477 megawatts.
You begrudge Jonathan for reviving the abandoned power projects? You hate him for completing the uncompleted ones? You prefer he overlooks the NIPP projects upon which over 16 billion dollars have been committed to start up new ones? You want him to abandon the NIPP because it was started and abandoned by OBJ?

Truly, now I know we have WINCHES on Nairaland.

President Goodluck Jonathan signed a bill into law in May last year authorising the SWF, but powerful state governors originally blocked the fund, saying it was unconstitutional.

They later agreed to it going ahead, albeit with an initial limit of $1 billion, a fraction of the $7 billion savings that are in Nigeria's Excess Crude Account (ECA).

Okonjo-Iweala said she hoped by the end of the year the team would lay out plans for the $1 billion but did not say when investments would start.

The account contained $20 billion in 2007 but fell to $3 billion after a presidential election last year, despite five years of high oil prices. It has since risen to $7 billion.