airfinance: E Gbami O: 1. Crude Oil production/day - 2.5M barrels
2. Current Price = $113/barrel
3. Daily Sales = 2.5M x 113 = $282.5million
4. Monthly Sales = 282.5M x 30days = $8.475billion
5. Yearly Sales = $8.475billion x 12 = $101.7billion
6. Naira Equivalent = 101.7billion x #160 = 16.272trillion naira per year.
7. Nigeria's budget for 2012 = 4.5trillion naira.
Now d question is: Where is d surplus going?!
Analysis by Femi Falana (Lagos lawyer/Activist on Channels Tv).
PLS USE UR FREE SMS TO PASS ON THIS ENLIGHTENMENT ON TO OTHER NIGERIANS 4 US 2 FIGHT 4 FREEDOM FRM ECONOMIC AND POLITICAL BONDAGE.
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dedeike:

Ignorance is very bad. I wonder whether some of us just bother to read through topics before jumping to advertise our illiteracy on this forum.
The current capacity is 4,477 megawatts. Shiroro and Kainji hydro contributes 300 MW to the national grid.
There's going to be a drop definitely when rainy season stops but d drop won't exceed 300 Mw as AMADI said.
If you minus 300mw from existing 4,477 mw , it still leaves you with above 4,000 MW.
How is this so difficult to understand?

rhymz: Is it just me or did anyone notice that either the reporter or Amadi tried so hard to give the impression that afterall JEG has not achieved anything in the power sector. The report made it look like it was a Hoax.
As far as I am concerned, the language used in this report is manipulative and intentional, Amadi prolly never conveyed the information the way this reporter did. I suspect some sinister motive here to discredit Jonathan's effort.
If we have 4477megawatts of Electricity, how can the NERC chairman then submit that a 300megawatts drop will cause a significant drop in supply? Why was he so bent on making readers come off with a pessimistic feeling about the improvements? I suspect foul play in this report. And by the way, there is no how the hydro power plant will lose all its generation just because there will be a drop in water level after the raining season that argument is weak and unrealistic. There is too much embelishment and perssimistic exaggeration in this report that has dent the credibility of this report, only a credulous cretin will not see the handwriting on the wall here.

rhymz: which investor in their right mind will take a nonentity like you seriously? You are even lucky they did not ask you to go and $hit. . Lol
See mumu yapping about alternative power generation like he knows what it means or entails, ode.. . . Muhehehehe

kingoflag:

When total Output is approximately 4500MW, it doesnt take Rocket Science to help you figure out that a loss of 300MW will create a significant (negative) impact.

rhymz: hahahahaha. . .OMG!!!
What a clown! So your best contribution to Nigeria are all these failed attempts? Muhehehe. . What else did you do for Nigeria that failed, LIED?
You know one good thing about the internet, anyone can be anything so long as you maintain your anonymity.
Imagine a riff-raff like yourself making spurious claims to intimidate people that are way informed and intelligent than you. I laugh in South Korea language, see monkey wey wan claim levels for NL. You prolly think I am one of your usual averages ekwa?
Imagine an intellectual pretender like you referring me to your numerous petty posts that lack coherence and sensible arguments, why will I want to read the nonsense from a loser like yourself.
I find it funny that you ignorantly used the statement, "the last time I checked" to refer to my contributions to Nigeria. . Muhehehe. . Last time you checked where na, O boy you know me anywhere besides this virtual NL space? Or you just wanted to sound fancy and scholarly to the point of making a joke out of yourself.
By the way, cursing, insulting, trolling and making ignorant posts here on NL does not mean you are bright, my dear. What you have been doing since your recent activities on NL politics section is trolling on every thread in this section and making incoherent rants all over the place. That five people replied to your inflammatory posts only to scold and repremand you only shows how moronic your many posts have been. Almost everyone here is scolding and making minced meat outta your ignorant a$s.
Bad enough, even well known !d!ots like Kobojunkie that NL has turned delusional can't seem to understand the crux of your useless arguments.
I will tell you what few of my contributions to Nigeria and NL have been:
1. I have succeeded in making a minced meat out of your ignorant a$$ so other commentators know not to take you seriously when you howl and bark your ignorance like an animal
2. I have succeeded in exposing empty noisy urchins like you that think that trolling every thread in the politics section is the next best way to getting popular and spreading propagander.
With these expositions I have helped Nigerians to recognize arguments with substance from unintelligent nonsense that slowpokes like you spew here on NL.
Now compare our contributions to Nigeria and see who has made more impact, you the slowpoke or me, your superior.

rhymz: can you please explain how an estimated 300megawatts drop will take us back to the former era when we could hardly sustain a mere 2500megawatts?
Besides, 300megawatts is just an estimated drop not actual drop. There is no how hydro-power plants with combined capacity of 300megawatts will lose all its generation just because there is a drop in water levels at the dams. The water only provides propelling force on the fins of the turbine which in turn rotates ammature or magnetic core connected to the wheel driven by the turbine. All the plant needs is propelling force, if there is a water level drop then the propelling force of course will reduce which of course will reduce the revolution of the magnetic core carrying wheel; if the total output of the power plant is say 300megawatts, its production will reduce as a result but it does not stop anyway. So why is everyone assuming the whole 300megawatts will be lost just on the basis of water level reduction?
Besides, most of the plants that have contributed the to the national grid production are gas powered.
You guys should tone down on the exaggerations jare. As I speak I still enjoy steady power in my own part of lagos just like in most part I have visited as well. People should be magnanimous enough to admit there is a sincere effort here, shikena!

jp philips:


i doubt if this bull came from Femi falana himself or someone is posing as femi circulating this clap trap.

16.272 trillion is generated from oil alone. 40% goes to royalties (oyibo that help you extract the oil,don't think that Shell and co came here to watch television)

Nigeria is left with 60% of the lot.

to guarantee that 60%, another 10% goes to security (Nigerian army,Nigerian Navy and militants)
leaving the nation with 50%, another 13% goes to states that produce the oil leaving the federal with 37%.

this 37% is split among federal, state and local governments at 52%, 26% and 20% respectively,

PLEASE FORWARD THIS TO FALANA TO GET A GRIP ON HIS POLITICAL AND ECONOMIC MALNUTRITION

rhymz: can you please explain how an estimated 300megawatts drop will take us back to the former era when we could hardly sustain a mere 2500megawatts?
Besides, 300megawatts is just an estimated drop not actual drop. There is no how hydro-power plants with combined capacity of 300megawatts will lose all its generation just because there is a drop in water levels at the dams. The water only provides propelling force on the fins of the turbine which in turn rotates ammature or magnetic core connected to the wheel driven by the turbine. All the plant needs is propelling force, if there is a water level drop then the propelling force of course will reduce which of course will reduce the revolution of the magnetic core carrying wheel; if the total output of the power plant is say 300megawatts, its production will reduce as a result but it does not stop anyway. So why is everyone assuming the whole 300megawatts will be lost just on the basis of water level reduction?
Besides, most of the plants that have contributed the to the national grid production are gas powered.
You guys should tone down on the exaggerations jare. As I speak I still enjoy steady power in my own part of lagos just like in most part I have visited as well. People should be magnanimous enough to admit there is a sincere effort here, shikena!

jmaine:

In your bid to scream, you ended up saying nothing . . . .You can't twist the obvious cos it doesn't suit your wishes and desires for sour news

i repeat to your listening ear that Yar Adua abandoned most of OBJ salient initiatives for reasons best known to him . .and in the Nigerian democratic settings, the President solely calls the shot . .

GEJ should and must be commended for taking it upon himself to see to the completion of those abandoned NIPPs, and also initiating the rejuvenation of our dilapidated existing power plants



No one is pulling anyone down except saying it the way it is and the way it should be

Am sure your one of those blatant hypocritical species, who will equally shower galatic, praise worship sessions on Fashola, for improving upon already existent structures and master plans


Do better next time please

airfinance: E Gbami O: 1. Crude Oil production/day - 2.5M barrels
2. Current Price = $113/barrel
3. Daily Sales = 2.5M x 113 = $282.5million
4. Monthly Sales = 282.5M x 30days = $8.475billion
5. Yearly Sales = $8.475billion x 12 = $101.7billion
6. Naira Equivalent = 101.7billion x #160 = 16.272trillion naira per year.
7. Nigeria's budget for 2012 = 4.5trillion naira.
Now d question is: Where is d surplus going?!
Analysis by Femi Falana (Lagos lawyer/Activist on Channels Tv).
PLS USE UR FREE SMS TO PASS ON THIS ENLIGHTENMENT ON TO OTHER NIGERIANS 4 US 2 FIGHT 4 FREEDOM FRM ECONOMIC AND POLITICAL BONDAGE.
1Share

take dat: stop being deceitful and am not buying your pull me down syndrome.Governance is a continuous thing,each successive governent build on previous legacies.So dont discredit others just because you want to make a case for someone

Dhelake: according to page 14 of saturday
punch .. D Average National
Generation (Daily) is still
4,308MW .... one funny tin dat amaze
me wit u is d fact dat u insult pple freely sayin dey are
ignorant, whereas, ur own figures ar
nt correct

Americas_man:

This guy is enjoying govt patronage. He has to say something to set his neck. Will your mom cook soup and you say its not delicious? Lets give this guy a break.

chucky234: You must be high on something cheap,you dumbly think I give poo about anonymity,ask the many Nlanders who have met me in the past three years.
I don't give a shi:t about who or what you are,I can meet you in your wretched kitchen room because Iam a true Nigerian with a big heart.
I have met many Nlanders in their houses and offices,so if you think I said that because of anonymity then you mistaken because I can bring the fight to your fuc:king bedroom.
If you think you a thing or two about power generation then come down so we debate this and see how far you can go with your combobulated brain,do you have any idea how the power generation system work?
Or you think its one plus one equals two,I said Prof. Barth Nnaji has done nothing to justifies the billions of dollars he has spent in the power sector and expected you to challenge on that but like the goon you are chose to display your daftness to the world. Mumu go kill you,ode-olodo rabata.

homerac7:

this part is what i hv always pointed out to people, against d brazen lies being peddled about by d fooolish 40 laptop group dt GEJ magically pulled off electric power increase within 2+ yrs of his tasteless, colourless and odourless rule. only a simpleton believes dt mega-projects as power plants and systems r planned, financed, constructed and fired at capacity under 3 yrs. na soup?