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Nairaland Forum / Nairaland / General / Politics / Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode (1210116 Views)
Fayose Shuts Down Access Bank Branch Over Fani-Kayode's Wife's Detention / Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) / What Buhari Promised Nigerians Vs What He Has Delivered - Kenyans Blast Nigerian (2) (3) (4)
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Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Subsaharan: 10:47am On Jun 13, 2022 |
rvp2018: Tinubu is a textbook capitalist. Nigerian political parties are not ideological, it's just different gangs of the elite class hustling for power for the sake of it. To run the country the way they feel would be best. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 10:49am On Jun 13, 2022 |
Those are minor issues - how it sold - and for how much - is irrelevant. This something that is choking Nigeria economy. You should not care who get it. Most of the time whoever get it will become saddled with debts - and huge staff - and will spend years cleaning it up - court cases and name it. What you should focus is the objective of that privatization. If for example inefficient gov refineries will allow more Dangote to invest in the sector - then Dangotes or private investors - will create more efficient refinieres. SOEs are closes to having communism that is proven failed model. Subsaharan: 3 Likes |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 10:51am On Jun 13, 2022 |
The he is the best. Electricity issues will for example be sorted by dealing with supply/distribution and generation companies issues. Those are business that are inefficient - and you need a business mind to figured it out. The same way Dr. Ngozi Okonjo-Iweala fixed Nigeria banking - and now it's only sector in Nigeria thriving - is what is required in other sectors. Subsaharan: 3 Likes |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by GeneralDae: 10:54am On Jun 13, 2022 |
Subsaharan:Atiku is the worst of them all if we are honest. 2 Likes |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Subsaharan: 10:57am On Jun 13, 2022 |
rvp2018: The refineries are not working because of the subsidies. Nigeria's downstream sector is comatose, largely because pump prices are fixed. It is Nigerians themselves(The labor unions cheering from the front) that are the stumbling block to subsidy removal. According to the Petroleum industry Act(PIA) subsidies were supposed to be gone 6 months ago. They threatened now the state would have to spend +$7bn on subsidy this year alone. Let the subsidies go, even the state would be able to run those refineries efficiently (although they are now the assets of NNPC Ltd, which is technically not owned by the state, courtesy of the PIA) Pipelines transporting white products are about to be privatized so privatization of state assets is ongoing. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Balogunodua(m): 11:03am On Jun 13, 2022 |
Bloodofthelambo: The Queen must have been really disappointed 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Subsaharan: 11:09am On Jun 13, 2022 |
rvp2018:The power issues are currently being sorted Nigeria got a deal from Germany to upgrade its transmission lines(largely the cause of power outages and grid collapses) Similar to the one Egypt got. A $2.3bn deal(Technology transfer + 50% local content) https://new.siemens.com/ng/en/products/energy/topics/presidential-power-initiative-nigeria.html Although Mr. Tinubu would take all the credit, the first set of transformers would be arriving in the country in Q4. https://www.thisdaylive.com/index.php/2022/04/27/siemens-deal-electricity-supply-equipment-to-begin-arriving-from-germany-in-september/ 2 Likes |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 11:19am On Jun 13, 2022 |
Okay. I dont think problem is technical - I think problem is commercial- it starts with metering - and until that is sorted - this yet another wasteful expenditure like Obasanjo one. The solution has to start in installing pre-paid meters - and sending army or someone to remove all illegal connections - and making it illegal to connect illegally. Once you do that - supply companies - will have money to pay distribution companies - who will then run the turbines. With money flowing - they will then have money to invest in technical stuff. But if you think the problem is transformers/turbines/transmission wires - you're going NOWHERE. Broke supply and transmission companies will not run the turbines or have staff to fix transmission issue. The total cost for Nigeria to fix electricity issues - is zero - just send the army with power companies armed with millions of pre-paid meters - and within a week - Nigeria power companies will be swimming in money. Subsaharan: 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by jl115: 11:19am On Jun 13, 2022 |
Subsaharan:if the state has to bail out private companies then those companies are not private and the market is not capitalistic in nature. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by jl115: 11:20am On Jun 13, 2022 |
rvp2018:100% agree!! |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by GeneralDae: 11:21am On Jun 13, 2022 |
Subsaharan:That, added to work on the dams and AKK gas pipeline, Nigerian electricity issues would definitely be solved before or around 2024. These are things Obasanjo and Jonathan should have worked on. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by jl115: 11:23am On Jun 13, 2022 |
Subsaharan:bolded: that is capitalism my friend ..... Far to long especially in Africa people have been misled by anti capitalist propaganda, if people actually research what capitalism really is then nobody would every doubt it as the best economic system ever again 2 Likes |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by GeneralDae: 11:28am On Jun 13, 2022 |
jl115:Nigeria is not a full blown capitalist economy. There are different forms of capitalism and Buharism mixes everything. Buhari himself is confused. Perhaps he is still on his model called Buharism which was coined after his 1983 Government. Google Buharism. https://en.wikipedia.org/wiki/Buharism#:~:text=Buharism%20refers%20to%20the%20socio,became%20military%20head%20of%20state. 2 Likes |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Subsaharan: 11:33am On Jun 13, 2022 |
jl115: The industry is just a huge mess. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by popizaino(m): 11:35am On Jun 13, 2022 |
rvp2018: Havertz10 do you agree that to fix electricity cost zero? |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Subsaharan: 11:37am On Jun 13, 2022 |
rvp2018: Over 6m meters are being currently installed all around the country, it's a holistic plan. https://punchng.com/world-bank-cbn-fully-funding-six-million-meters-fg/ Generation is being upgraded. Transmission and distribution, these things take time You've met Nigerians, very impatient. They were subsidies on power too, they have been successfully eradicated, so as far as the ongoing installation of prepaid meters is a success, Discos would start running a profitable business for the first time. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Subsaharan: 11:40am On Jun 13, 2022 |
GeneralDae: Yeah even Kainji is getting upgraded to 1,000MW https://leadership.ng/expansion-of-kainji-hydroelectric-power-plant-begins/ |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by jl115: 11:56am On Jun 13, 2022 |
GeneralDae:there isn't a single country in the world that is 100% capitalistic. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by GeneralDae: 12:11pm On Jun 13, 2022 |
jl115:It depends. There are different forms of Capitalism, the one practiced in Germany for instance is different from the one in the U.S. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by theenchanter: 12:27pm On Jun 13, 2022 |
popizaino:I'm not havertz10.... But on behalf of havertz and myself, and also aligning myself with many Nigerians' notion I don't agree that fixing Nigeria's power will cost zilch. Even Egypt, with similar power problem with Nigeria pre-2016/17 spent roughly $9b to eradicate their power problem. . 2 Likes |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by obaaderemi: 12:29pm On Jun 13, 2022 |
theenchanter:$9bn? Are you sure of that? Then that's nothing. Even Lagos can hustle that out. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 12:31pm On Jun 13, 2022 |
Nigeria has installed capacity of 12,000MW - and it can barely get 4,000MW. So hardware is not the problem. The problem is software. From your article...I see 10M meter gap and then we have illegal connection problem. These are easy to fix problems that cost very little. A pre-paid meter cost about 25 dollars....which customers can happily bear ..if not..it will cost 250M dollars. The rest is to get army and police to go house to house like a census....making sure...no illegal connection has been done....and everyone has pre-paid meters. Those pre-paid meters connected to mobile money/fintech to generate tokens...will see money flowing to distribution companies...and once they are not bankrupt...they will pay for electricity. As of now - large majority of that 8,000MW that is idle - is because the turbines wont run as distro companies wont pay - generating companies dont have money to buy gas or diesel or whatever they use to run turbines. End result - waste of money - which is quite common in Nigeria. Subsaharan: 3 Likes |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by theenchanter: 12:34pm On Jun 13, 2022 |
obaaderemi:nah, Lagos can't. Lest many sector will suffer for it. But the good thing is that u don't to pay once for these kind of projects, it's a govt-to-govt project, no middlemen involved. I think Nigeria has already made part payment sha. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by theenchanter: 12:38pm On Jun 13, 2022 |
rvp2018:it's more of hardware than software. The transmission lines need to be expanded to carry over 25gw of power. Right now, the transmission lines can only carry 5gw, anything over than that, it'll collapse. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 12:38pm On Jun 13, 2022 |
You're wasting money. Obasanjo spend 16B dollars; Total wasted money; Nigeria remain in darkness. Kenya and Ghana spend almost zero; most investment coming in as IPPS. Kenya and Ghana have stable electricity. The reason is once you fix regulatory and systemic issues - electricity will attract private investment - because this like Telcom. There is ready market for electricity in Nigeria. Private sector will invest and get money. Nigeria gov should invest IN EDUCATION. It's just too chaotic for anyone to come in - with illegal meters and broken transmission. theenchanter: 2 Likes |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Balogunodua(m): 12:38pm On Jun 13, 2022 |
theenchanter:$9billoin then Obasanjo needs to be whipped... |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 12:41pm On Jun 13, 2022 |
Why not unbundle for every state to manage their small network? Why do you need that complicated network? This afternoon law change in Abuja - allow every state to do their own electricity reticulation. Federal gov should step out. Each state can attract investment - and deal with power issues. In Kenya - constitution- Counties (way small than states) - have the power to manage their own electricity. theenchanter: 3 Likes |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by theenchanter: 12:42pm On Jun 13, 2022 |
rvp2018:Obasanjo didn't spend $16b, that's a common myth that was reproved by Obasanjo himself...... In his books which I've read, at least. I don't know how much u spend or not, but I know we'll spend. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by theenchanter: 12:45pm On Jun 13, 2022 |
rvp2018:exactly, this was the talk sometime ago, but I don't think they're ready for full unbundling. Some states are actually building theirs. But another thing I want u to know is that fed govt is only involved in transmission section of the power sector, not generation and distribution. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by rvp2018: 12:52pm On Jun 13, 2022 |
Transmission should be split. It's like road network. There are federal roads. There are state roads. Abuja should build federal transmission lines. Those are heavy ones that can transport lots of power from big power stations - say 1,000MW - to each state transmission center. From there - the state transmission take over. They can feed into federal line or their own lines. Gov jobs ends there - to be umpire - now each supply company and each distribution company - sell power to each other And gov ensure payments are done in timely manner - and any maintainance coordinated. These state govs can do. Abuja then focus on building high transmission lines and really big power stations that become the backbone of the network. States then focus on reticulation - and ensuring law and order - no illegal connections, timely payment to generating companies, etc. That is hard part that Nigeria has not started working on. Adding more hardware - will not solve such problems - of illegal connections, tampering, late or no payment to generating companies, no payment to oil or gas companies, no payment to banks who lend such sectors, delayed salaries to power staff. theenchanter: 1 Like |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by QuietMynd: 1:11pm On Jun 13, 2022 |
rvp2018:There u go, where did he mention Nigeria privatization failed. The way u guys turns a point to suit urself. |
Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by QuietMynd: 1:17pm On Jun 13, 2022 |
rvp2018:Shut up, there is nothing Kenya can teach us about privatization |
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