₦airaland Forum

GloriousGbola:
You don't need to transmit electricity to the users. You have the discos for that. You just need to transmit power to the discos, who already have a network.

Also we are talking 33kv or 11kv which is much much cheaper than 330kv. 33kv works with concrete poles. 330kv requires steel towers.

Also 330kv requires much more equipment and protection.

Itsrm:
I do agree with you that its a lot of work but you are underestimating what the telecoms giants had to do when they came on board.

Until recently, MTN had 10 switches across the country. Apapa, Ikoyi, Ojota, Benin, Ph, Ibadan, Owerri, Kaduna, Kano, Abuja. All of these switches are interconnected by fibre. To lay one kilometer of fibre can cost you up to a million naira depending on what you have to do.

Also, every other state without a switch had to connect to the switch through radio or fibre. PH switch for instace was serving Rivers State, Cross Rivers and Akwa Ibom. Just try to picture the kind of massive infrastructure I'm referring to here.

It was a lot of work and cost a lot of money but it was achieved. If the telecoms operators can do it, I believe it can be replicated in the power sector.

And the good thing is, once one investor builds it, other generating companies will leverage on the infrastructure.

If Mainone for example have a service they want to deliver between PH and Lagos, they don't have to start laying their own fibre. All they have to do is pay MTN or any other major player to create a leased line for them and it's done.

Subsequent investors only have to bother about generation. They will leverage on existing transmission lines built by the first set of investors.

It is POsibble

GloriousGbola:
I beleive we will.

This has the same potential as telecoms liberalisation

GloriousGbola:
We discussed this extensively previously.

Once you generated above 1mw (I think) you had to feed to national grid. Now anyone can generate power and sell directly. Effectively the sector has been liberalised.

The previous law kept a lot of people from investing because they would ultimately be at the mercy of tcn.

Now it is only civil service states without power stations that will depend on tcn and their perpetual system collapses.

That is what I am saying
It is one good and very late thing that came out of this admin.

GloriousGbola:
There will no longer be power issues in lagos after the legislation signed by Buhari.

izzou:
[color=royalblue]They will follow suit.

For me, you can be running those buses and charge the same thing that Danfo drivers with 1970 model buses are changing. There is no way the books can be balanced

I have said it here that it is possible those BRTs are just to siphon monies, because i struggle to see how they balance their books

Let me not even get started with the reckless driving and handling of the vehicles

I am not sure you can find any BRT with Air conditioning today.

Na the same thing go happen to these buses. 609 naira with AC from Ikorodu to TBS is not feasible, IMO[/color]

izzou:
[color=royalblue]LASG has its own IPP

Their courts, hospitals are not under any Disco.

Asides from that, it doesn't cost much to buy a Mikano and charge them daily [/color]

liveLongNprospa:
In a lawsuit filed by former Alpha Beta MD, Dapo Apara, he had alleged that Alpha Beta paid N500m ($2.7m at the time) to some "Aranda Resources" in 2015. Bloomberg now reports that Seyi Tinubu owns Aranda resources


Some of you will not see heaven🤣🤣

Realmrsean:
for me, if he can tell effcc and police to hands off boys, (not like they re doing anything anyway) I promise self tech boys will ensure cash flow into the economy..

If bat 🦇 can protect the youths into tech, I'll sing his kumbaya..



We can follow the ways of Colombia and build Nigeria through the fraud money lens

A001:
He's not really popular like before.

A001:
Artistes with longevity in the music business have the VRIN qualities in high levels using the model of Jay Barney, one of the leading experts in strategic management in the US.

With regard to value (V), Asake is good. But in other aspects such as rarity (R), imitability (I), and non-substitutability (N), he doesn't have much to compete.

Particularly, it's not hard to imitate (replicate) some of his works. Thus, I think he'll fizzle out soon in the music business like Kizz Daniel, Iyanya, Reekado Banks, and many similar artists.

Based on the VRIN framework, I think in the current crop of music stars in the Nigerian music industry, Arya Starr is one of the few artists that could achieve longevity in the business.

The music industry, just like other sectors, is getting tougher by the day.

liveLongNprospa:
Anytime I see this thing.. I dey always laugh

liveLongNprospa:
Lmaooo.. Who never buy motor by now should be ready to see extra shege.

How many Nigerians fit afford any car above 2011?

liveLongNprospa:
Lmaooooo but its not an issue.

Tinubu plans to remove FG spending restrictions.
So he will print the living day light out of the naira to fund any of this.
🙏

We eating good my brother in christ

With just four weeks left to quit office, the President, Major General Muhammadu buhari (retd.), and regime officials are taking decisions and inking deals that are potential booby traps for their successors. Among these are a pay rise, fresh contracts and procurement deals, borrowings and unresolved reforms that will undoubtedly add to the already humongous challenges that await the President-elect, Bola Tinubu. buhari has mercifully deferred the planned petrol subsidy removal, and equally postponed the potentially incendiary census; he should also halt all further non-essential commitments and avoid bequeathing further constricting burdens on his successor.

To be sure, governance demands continuity, and global best practices emphasise that the business of government – executive, legislative, and judicial – should hum along smoothly during transitions and even during emergencies. This principle underpins stable democracies and incumbent governments are expected to fulfil existing commitments and domestic and international obligations until the last minute of their terms. Some like the United States have codified the Continuity of government concept to legislate smooth functioning in time of war, emergencies, or natural disasters.

However, this should apply strictly to existing, ongoing activities and policy commitments of the outgoing government, or during emergencies. It is problematic when with only weeks left, officials bind the incoming government to fiscal and legal commitments that are non-essential and thereby inadvertently impose huge financial, logistic, or socio-economic responsibility on a succeeding administration.

Thus, while the government is bound to budgeted or approved, and pre-agreed policy, legal and financial engagements, entering into new non-essential or emergency procurement, or spending deals is unfair to the country and the incoming government. This is especially so when the treasury is empty, debts are at record levels, and almost all revenue is spent on servicing debts.

Committing the government to a higher payroll burden as buhari has just done does not qualify as an essential activity. He authorized a 40 percent pay rise for federal civil servants just 36 days to his exit date. The reasons the regime cited – to cushion the high cost of living, transport fares, housing, electricity tariffs and other inflationary causatives – sound humane, but should have been left to the new administration to implement given the paucity of funds.

This is a fiscal ambush for Tinubu. In the 2023 federal budget proposal of N20.51 trillion, PwC noted that the non-debt recurrent expenditure of N8.27 trillion is 40 percent of total spending, of which personnel costs is gulping N4.99 trillion, representing 60.33 percent of recurrent. With an in-built deficit of N10.78 trillion, “Nigeria needs to generate 111 percent of its current revenue to be able to meet its expenditure needs without borrowings,” it warned.

The Minister of Finance, Budget and National Planning, Zainab Ahmed, admits that the regime spends 96 percent of all revenue to service debt and borrows to meet salary and pension commitments. The pay rise will make life harder for the next government. Though the government said it had been captured in the 2023 budget, current realities highlighted by acute revenue shortfalls dictate its being paused

Buhari inherited an oversized, expensive bureaucracy; he would have done Nigeria a great service by first drastically downsizing it and saving billions of naira before contemplating any pay rise.He failed to implement the pruning and cost-saving recommended by the Steve Oronsaye panel report. He has compounded this failing by this fiscal misstep. The N854.8 billion budgeted for gratuities and retirees’ benefits in 2023 will inevitably rise.

Other officials are following suit. The last Federal Executive Council meeting approved new and reimbursed existing contracts worth N100 billion. Not all these were urgent or essential.

Amid fears that the government had begun to default on the China Exim loans, reports that the bank recently declined granting the government another N22.8 billion loan request shows no slow-down in buhari’s borrowing appetite. The incoming government will inherit a debt burden of N77 trillion when the N23.8 trillion ‘Ways and Means’ advances are securitised by the NASS as buhari has requested, and added to the total public debt stock of N44 trillion.

Meanwhile, the Minister of Aviation, Hadi Sirika, remains hell-bent on floating a national carrier (Nigeria Air) before May 29.He also reportedly purchased 10 fire-fighting trucks at a colossal N12 billion for the Federal Airports Authority of Nigeria! Moreover, the regime has not resolved the lingering foreign airlines’ trapped funds of about $800 million.

Alarmingly, judgement debts such as the P&ID scandal may also cost Nigeria 30 percent of its $37 billion foreign reserves. In September 2022, the Attorney-General of the Federation, Abubakar Malami, disclosed that the government would pay $496 million to foreign investors to settle longstanding contractual disputes, and $715.86 million promissory notes to judgement creditors. Add the N5 billion damages awarded to Ifeanyi Araraume reinstated as chairman of the Nigerian National Petroleum Company by the court; allare waiting for Tinubu.

Unfortunately, the leadership of the Ninth National Assembly has failed to curtail buhari’s fiscal waywardness; it owes Nigerians a duty to stop last minute non-essential spending plans. The country is on edge, tensions are high as ethno-religious divisions accompanied the 2023 elections, insecurity reigns in many parts, poverty is pervasive and the economy, headlined by revenue shortage, is fragile. There are 23 million unemployed or underemployed and divisive sentiments run high. The NASS should halt new contracts and loans.

government is a continuum, but convention dictates that sustainable development plans should be nurtured by successive governments, but new and unprofitable contracts should be suspended by departing governments.

The incoming government will contend with terrorism, Fulani banditry, kidnapping-for-ransom, killings and secessionist agitation in the South-East, and criminal gangs and violent transport unions in the South-West.

On the bright side, buhari dropped the planned census and suspended the potentially explosive petrol subsidy removal; he should exercise similar discretion by avoiding new financial commitments and stopping ministers, and heads of departments and agencies from the same.

Nigerians and his successor deserve soft landing, not booby traps.

iamoyindamola:
AI will make the world jobless in years to come

With the introduction of electric vehicles coming into Nigeria, I see filling stations and malls or even car wash adding charging points to their sales

nihilistjnr:
BTW what's going on in the music industry right now.

If I was Asake, I would be livid. They don recreate the guy sound down to the drums, shekere, and even the singer...

You no longer need to feature Asake to tune into the king of sound and blues

Imagine Asake listening to Tiwa Savage's Stamina. The guy go just dey one corner dey cry

Same way Davido found Awka-made Tems to feature on Kante.

Yankee artistes are scared of AI, but the real danger is the Artificial Humans running amok in Lagos

Unlimited22:
Omo where person wan start for this Nigeria sef?

Number 187 out of 191 Health systems as ranked by WHO.

As part of the 63rd AGM of the Nigerian Medical Association, I was invited to be part of a team conducting an outreach in a neighbouring LGA two hours from Jalingo.

Omo, these guys turned the hospital to a marketplace. We even had to hustle for space to park the vehicles, such was the crowd waiting for us.

We started consultation and I spent four straight hours on my feet, and when the instruction came to stop around 4pm, there were more patients waiting for us than we had seen. And my section alone had seen over 200. I don't know the amount Medicine, Surgery, O&G, Pediatrica etc had seen.

Most of these people have nowhere else to turn to for healthcare, and they came in droves because it was free.

We exhausted every single drug we came with, tablet and eyedrop, and it was not even close to being sufficient.

And where and how do I even begin to describe the problem with almajiri children and the devastating effects of extreme poverty on children?
Three children with Xerophthalmia and Nyctalopia - caused by a deficiency of vitamin A - how do you begin to ask them to alter their diet when them no dey see food chop?


Omo we are sitting on a time bomb o

A40:
A woman can pick her man based on his financial status. Nothing wrong there. Just understand that there are not enough of those men to go around so if she doesn't mind sharing make she fire down.

I'm not saying there are no good, loyal Igbo women I'm just saying there's a culture that institutionalized men carrying the bulk of the financial load. There's a reason your men are the last to marry amongst all the tribes because the financial pressures are different. We all know this

I have some female Igbo friends whom I was cool with till they went on feminist Rampage. Their fathers are all late and one common theme i discovered is that while they were alive they were the ones paying every single bill. Could it be that all that financial pressure and stress hastened their demise who knows? But look deeply I'm almost certain that even Igbo men don't live as long as their contemporaries from other tribes

I don't blame said Kukiyu girls either, I blame men for lacking discipline for their wood. Cos if you used your bigger head to think you would be interested in finding out what value a woman adds to your life before dealing with her

raumdeuter:
Yoruba women na specialist for that

They no dey tay to pack out

At weddings fathers will tell their daughter, my door is still open, if he maltreat you come back home or I will come to your marital home and pack your load myself

And they will tell the groom, I didnt collect dowry so, any maltreatment, my daughter is withdrawn

All those Yoruba market women, most of them don marry 2 or 3 times at least

raumdeuter:
airmark hensben popizaino

Abeg what is this when VVD faced a 34yr old mid player called Perisic

larride:
I think the only thing women can’t inherit in Yoruba land is Kingship except for being a placeholder.

Ibime:
Una dey try sha. Although I associate disenfranchisement of the female child with Igbo people, I had to remember my great uncle who was our King and had 12 daughters and 4 boys and all his properties went to the 4 boys with no questions asked by any of the women. Then I remembered how both my grandmaternal and grandmaternal villages have been sharing land since the 80s and not one woman is included inside the sharing and it's not strange or odd to anyone.

I know the Igbo one well but we too are guilty, but not as far as throwing a widow out of her late husbands house like you hear of with the Igbo

Ibime:
In Yoruba land, ask the elders when community land in the village was being shared, maybe in the 1970s or so, whether any woman received a piece? That's where this mentality stems from. When my village shared land in the early 80s, my father had to go and claim land in his name, though he had no intention of building in the village. Then his mother built on the land and lives there till this day.

Realmrsean:
I think say yahoo na the easiest way of making money, so why people come dey fail for fraud wey dey easy kwanu

GloriousGbola:
https://en.wikipedia.org/wiki/Hetty_Green

obligatory

turned a ten million inheritance to 100 mill

and her SON blew it though in the guys favor he lost a leg when he was younbg because she was looking for cheap treatment

raumdeuter:
We all have that uncle that will come to family meeting smelling of alcohol with one bleached young arm candy 30 something year old

izzou:
[color=royalblue]This should be relative.

If you have wasteful sons, i don't see why you should let them control bulk of your assets.

The prudent and wise child should be given that responsibility[/color]