₦airaland Forum

Sillymoderators:
Na you wey no get common sense! This is a public forum so anybody can mention anybody. I know you are one of Obi supporters that are devoid of any logical reasoning but full of clueless and irrational but weak emotions.

Imagine!

So because it's a public forum you can go about mention anybody. Truly, you are an internet wildebeest devoid of any meaningful sentience, reason and rationality

Sillymoderators:
I no mention you say na you Peter Obi dey refer to. So answer the simple question.

But you quoted me first. Was I referring to you in my comment.

Are you one of those Tinubu turned into internet wildebeest devoid of any meaningful sentience, reason and rationality

StreetFight:
But you have mentioned the one of Tinubu, someone that your parents are not qualified to be maids to

My parents can't be maid to someone whose ancestry, identity, educational background is questionable, a notorious narcotics drug trafficker engaging in criminal state capture and a certified certificate forger of international dimension

Sillymoderators:
It is a simple question that requires a simple answer "You wey get sense why did you mention Tinubu"?

You wey get sense why you mention me

Sillymoderators:
Wetin concern you?

It's a simple question that requires a simple answer

Are you Tinubu?

Sillymoderators:
You wey get sense why did you mention Tinubu?

Are you Tinubu?

There are mounting concerns as Nigeria’s power decade privatisation process is expected to elapse on October 31, 2023.


It has become more problematic following the decades-long crisis within Nigeria’s power sector.

For over 62 years, the country’s electricity value chain, from distribution to generation and transmission, has been bedevilled with challenges.


Meanwhile, the government attempted to break the jinx in the country’s ailing power sector, first with the establishment of the defunct 2005 Electric Power Sector Reform (EPSR) Act, then on November 1, 2013, the commencement of the privatisation process.

DAILY POST recalls that the government commenced the privatisation of the Nigerian electricity distribution and generation companies in November 2013, benchmarked on a 10-year moratorium of operational licensees with the hope that the decision would halt the age-long power crisis.

However, a decade later, the problems of the power industry have remained unsolved, becoming a persistent clog in the wheel of progress for Nigeria’s economy.


The electricity distribution companies are battling with liquidity issues and low remittance compounded by the metering gap; still, the generation companies struggle with poor investment and transmission inadequacies, leading to incessant grid collapses.

For years, the country has struggled with 5,000 megawatts of electricity daily for a population of over 200 million people.

According to the Nigerian Electricity Regulatory Commission, NERC, report for the second Quarter of 2023, the 26 power plants’ generation capacity dropped to 4,387.91MW.


Also, regarding the annual capacity payment loss in the sector, the report indicated that in 2015, 2016, 2017 and 2018, the industry’s losses were N214.93bn, N273.32bn, N236.47bn and N264.08bn, respectively. In 2019, 2020, 2021 and 2022 (January – August), the sector’s annual capacity payment losses were N256.97 billion, N266.10 billion, N159.86 billion and N88.13 billion, respectively.

The challenges have lingered despite the government’s intervention at different times.

Recall that on September 30, 2014, the Federal Government announced a loan of N213 billion to the privatised power firms.


Similarly, on March 1, 2017, the Federal Government approved the sum of N701 billion as a power assurance guarantee fund for the Nigerian Bulk Electricity Trading Plc to pay for the electricity produced by the generation companies for two years.

The government also provided another N600 billion payment assurance facility to the sector in 2019; the nation’s power industry has continued to bleed despite these interventions.

The ripple effect of the power sector challenges is the underperforming economy.

For instance, in June, the Manufacturing Association of Nigeria disclosed that its members lose N10.1 trillion annually to the power sector crisis.

However, with the signing of the 2023 Electricity Bill on June 9 by President Bola Ahmed Tinubu, stakeholders postulated that this could bring about the much-desired change in the sector provided it is implemented across the sector.

Here, Nigeria’s Minister of Power, Adebayo Adelabu, would need to give the sector the needed policy direction beyond statements.

Wumi Iledare, Professor Emeritus and Executive Director, Emmanuel Egbogah Foundation told DAILY POST on Monday that the 2023 Electricity Act presents a new horizon for the country’s power sector.

He noted that the way forward is to invoke proper implementation of the Electricity Act.

“My advice remains the same— decentralisation of the power sector with proper regulatory institutions at the state and the federal levels.

“The Electricity Act, as amended, is forward-looking. Of course, one thing is to have a good law, and another is to follow the law’s intent.

“I remain convinced that at the level of development in Nigeria, vertical integration in the power value chain remains a valid market option for value optimization.

“NERC must step up to the plate as a regulatory institution. The Ministry of Power is not a regulatory but a policy institution; of course, it cannot be a commercial institution.

“I believe the adopted market structure for power privatisation has been faulty since its inception. Look at the turnover of the executives in Disco. Restructuring the power market for economic efficiency is critical as the licences expire. The Disco market jurisdiction is too big not to experience diseconomies of scale.

“The idea of owning a share in Discos reminds me of the Joint Ventures in Nigeria’s oil and gas sector. For what purpose, one may ask? Revenue enhancement for FG or energy security mantra?

“If investors can come from every corner of the globe and invest in the telecom industry, why not open up the power industry for global investors?

“Finally, the economy of Nigeria is moribund because of low energy consumption precipitated by energy availability, accessibility, affordability and adaptability. The way forward is to invoke proper implementation of the Electric Power Act to reform the power industry and restructure the electricity distribution markets under state institutional control.

Also, Kunle Olubiyo, the President of Nigeria Consumer Protection Network faulted the power sector privatisation framework.

According to him, the Performance Agreement and Licensee Moratorium expiration would allow the government to rejig the sector.

“The Performance Agreement & Licensees Moratorium was not given to last forever or in perpetuity.

“It was originally designed to last for five years (2013 – 2018).

“Surprisingly, it was extended by an additional five years, bringing it to 10 years (2013-2023).

“In all this, no meaningful regulatory efforts were made to appraise the licensees on the grounds of Key Performance Indicators, Service Agreement, Performance Agreement or vesting Contracts.

“Key Performance Indicators are primarily based on Timeline, Actionables, Deliverables, etc.

“It is obvious that all is not well, and the beneficiaries in and out of government and the licensees will stop at nothing to ensure that nothing is done to do the needful.

“Our efforts in the prevailing circumstances aim to arouse public conscience and consciousness.

“If you set out a rule for a football game, you don’t implement it at will or convenience. The rules of the game are sacrosanct. The Regulatory Ecosystem has suffered unprecedented inducements and weaknesses in the power sector privatisation exercise.

“It is therefore reasonable for the government to explore this window of expiration of the 10-year moratorium of the Power Sector Privatisation Exercise so that the economy and Nigerians can breathe.

“In the final analysis, the depth of the findings of the regulatory review of the power sector privatisation exercise will determine the next line of action of the Nigerian Government”, he stated.

On his part, Adetayo Adegbemle, Convener and Executive Director, PowerUp Nigeria, said the review of the power sector privatisation agreement is pivotal to repositioning the industry.

“Things were unclear pre-privatization, and many didn’t even know what to expect. So, it’s been a decade of learning for us all.

“The interesting thing about asking for reviews is that even without a ‘particular review’, the sector has been evolving.

“There are some low-hanging fruits like Metering of Consumers and all interfaces in the power sector, like Customer Enumeration and classification, like balancing the mismatch between Generation, Transmission and Distribution.

“All these are low-hanging fruits that should be addressed immediately and would affect the sector”, he said.

https://dailypost.ng/2023/10/24/concerns-as-nigerias-power-sector-decade-privatization-deal-expires/

Peter Obi didn't mention names but watch those Tinubu turned into internet wildebeest devoid of any meaningful sentience, reason, and rationality attack, abuse and call him derogatory names

plaindealer:
Just imagine, calling the Nigerian judiciary cultists.

The level of madness and insanity we witness in Nigeria is just too disgusting and disposable.

This man wants to rule Nigeria, but wake up everyday to insult, ridicule, bully and intimidate Nigeria and denigrate the Nigerian institutions.

Thank God Nigerians rejected this abomination man.

Sad

Tinubu have succeeded in turning you into an internet wildebeest devoid of any meaningful sentience, reason, and rationality as described by David Hundeyin
Another minion

ElSudani:
He is now threading on the path to jail.

Another minion Tinubu turned into an internet wildebeest devoid of any meaningful sentience, reason, and rationality as described by David Hundeyin

Odin13:
Obi Jonzed.. he’s the reason tinubu is the president...

Who cares

Today his people has all gone back to Ekpa till next four years..

Wetin he come achieve ?

Wasted wailing

Look at one of the minion Tinubu turned into an internet wildebeest devoid of any meaningful sentience, reason, and rationality as described by David Hundeyin

netpro:
Politicians and their supporters suffering from PTSD due to serial electoral losses will never be redeemed or appeased. So as it stands trying is a waste of time. They wish the nation will burn and they celebrate everything negative.

It is on record that Tinubu himself threatened to unleash anarchy and chaos if the judiciary dare remove him

To him, it's either the country burn or he remain president because according to him, it's his turn "Emilokan"

Salewa97:
Let me leave you with the below quote.

Peter Obi know he did not win the election, he is just using what Yoruba people call “Gbajue”

Prof Wole Soyinka, 2023

Thank God for Atiku who helped reveal the real "Gbaju e"

Even the Prof is shocked reason he is silent recently

We now know that Tinubu is the Guinea pig student of the Government College Lagos, who was used to test run the school four years before it was founded.

netpro:
The facts are:

1. That President Tinubu won 2023 Presidential election.

2. That Atiku and Obi are looking for how to have him disqualified so they can have a chance to be President of Nigeria.

3. That President Tinubu was properly admitted, attended and graduated from CSU.

4. That the Certificate submitted by Mr. President is valid and authentic because it was obtained through a legal channel in the country were he studied.

5. That it is factual, fair and legitimate when the Supreme Court upholds his victory.

6. And finally, that anyone after this case anyone who questions or cast doubt on his electoral victory - such an individual is a criminal, evil, unpatriotic and an enemy of Nigeria.

These are tales told at your group chat and not the truth and you know it

Well the facts and truth out there is

1. Tinubu did not win the 2023 presidential election.
Tinubu lost his home state, Osun, was beaten blue black in his adopted state, lagos state, lost the state of then National chairman of his party, Nasarawa state, lost the state of his campaign DG who was a sitting governor, Plateau state, Lost the entire KKK states, lost the entire south east and south south states even though governor wike traded River state to become FCT minister, couldn't secure a paltry 25% of all the votes cast in the FCT Abuja.

When he was declared winner in the dead of the night, by morning Nigerians were in mourning mode, wearing long faces. No jubilations anywhere in the entire country.

Is that how to win a presidential election.

2. No one is looking for how to disqualify Tinubu. Tinubu himself knows that he is not qualified to contest for the election in first place.
He is a notorious narcotics drug trafficker the city of Chicago has ever known who forfeited over $460,000 of drug proceeds to the US government. The constitution is very clear on that.

3. Tinubu used an O level certificate of a non existing government college lagos of 1970 to gain admission into Chicago state university.

Unless, you are implying that Tinubu is the Guinea pig student of the Government College Lagos, who was used to test run the school four years before it was founded.

You cannot built something on nothing and expect it to stand.

4. The certificate Tinubu submitted to INEC is forged. The CSU registrar confirmed under oath that Tinubu didn't collect his certificate nor requested for a replacement

5. It doesn't matter what the decisions of the supreme court will be, going by the questionable decisions emanating from there recently. Nigerians are just watching if the supreme court will uphold the constitution of the federal republic of Nigeria going by the glaring facts before them or tow the line of technicalities.

6. Finally, any one who because of ethnic and tribal leanings supported and encourage this notorious narcotics drug trafficker, this certified certificate forger of international dimension to become president of Nigeria is the real enemy of Nigeria.

Is Tinubu the best candidate this country could offer.
An impostor, an individual with questionable Identity, ancestry and educational background. A notorious narcotics drug trafficker, a certified certificate forger who built a conduit pipe from the coffers of Lagos Treasury to his personal company.

Naaaaaa!

Salewa97:
Let me leave you with this quote my friend:


—Charles Soludo 2022.

Salewa, you got a working brain but created the most stupid thread ever since the creation of this forum

Dikastan:
Let the commander in chief lead the war, we will follow

netpro:
Bros you sound like those who believe Buhari is dead. There is nobody in the Universe who can tell you the facts on this matter and you will believe. So sorry I can't help you at this time.

And what are the facts on this matter

netpro:
Good if that is the case, then the Deposition is also not valid because it was not conducted in the Court under Oath. So Atiku appeal we will be thrown out.

Tinubu remains President.

You mean Tinubu will remain president after it was discovered that he is the Guinea pig student of the Government College Lagos, who was used to test run the school four years before it was founded and also forged the CSU certificate he submitted to INEC for the purpose of the election

Maize247:
I have never seen a desperate politician like Peter Obi that allows Nigeria politics to completely changed his fashion and ways of life.

When will this Nigeria most desperate politician start dressing like normal human being. Hopefully after Supreme Court judgements.

So says a typical agbadorian whom Tinubu have turned into an internet wildebeest devoid of any meaningful sentience, reason, and rationality as described by David Hundeyin

yarimo:
Bitter and hateful developers will soon invade this thread with insults and lies

Even Yarimo's locality with no electricity for the past five months is commenting

Ikaeniyan0:
What do you mean he's doing nothing?

Have you not been following the news?

Mention one policy statement by Tinubu that strengthened the Naira since coming on board

Ikaeniyan0:
It's you thats making the claim, it's not me.

And when the naira start strengthening against the dollar, the price of a litre of petrol will also start falling.

But Tinubu is doing nothing to strengthen the Naira. His policies are making sure it is on a downward spiral

Cruise777:
Why should I respond to you in your folly when I can share love to ease your pain

God loves you bro... Breath in and let out what is making you bitter

We are here for you

I appreciate the offer of love

But please answer me, did you tell your Kenya friend that Tinubu have successfully turned you into an internet wildebeest devoid of any meaningful sentience, reason, and rationality

Ikaeniyan0:
Well, issues like the one reported in this article will eventually lead to naira stabilizing and inflation reducing

Just like saying that high cost of fuel is good for the economy because our roads are free

Cruise777:



Nigeria is one country that everyone should be proud of

One time I was at a barber shop with a Bengali, Indian all watching Nollywood film

Another day my Philipino HR was singing along to PSquare chop my money

My Kenya friend calls me Igwe because of Nollywood, I had to tell her I am not Ibo



.

Did you tell your Kenya friend that Tinubu have turned you into an internet wildebeest devoid of any meaningful sentience, reason, and rationality as described by David Hundeyin

Ikaeniyan0:
If importation have reduce, why is the naira still freely falling against the dollar

The Naira is falling because Tinubu is clueless

It has never been this worst

jumper524:
After multiple twisted headline to pursue a false narrative on tinubu certificate, they've Gone to the next level of calling tinubu a criminal on paper.
So much desperation for jagabans attention.

There's no false narrative
The false narrative exist in your head

Tinubu is a notorious narcotics drug trafficker, a certified certificate forger of international dimension and recently discovered as a Guinea pig student of the Government College Lagos, who was used to test run the school four years before it was founded."