₦airaland Forum

Please compare what Bola Ige did in Oyo State - just 1 term

Numbers of schools set up from scratch (not refurbished)
Tertiary institutions
Housing estates (Ajoda New Town etc)
Roads
EDUCATION (genuine education - tuition, pencils, pens, text books, exercise books, school buses etc)

See, no governor has ever beaten LKJakande in achievement along similar lines outlined above, he did just 1 four year term too . Not even Ige that I mentioned above for Oyo State compares.
We've been too used to low performance from government jare.

olajizz01:
Hmm.....................

The costs are unjustified whatever the reason(s)

The costs are for what?
Clearing our reasoning
1. even if we dig deeper for our oil, its a one-time thing. They don't drill for ever just like you don't for water! No
1b. You complete the well, start producing & monitor the production.
2. We have mostly natural gas-lift wells (compared with countries that need steam injection to force the oil out. Yet they produce cheaper than us! Why?)
3. The costs (renting rigs, vessels, PSVs etc) are standard all over the world but ours are interesting and opaque.
3b. What have we ever done to reduce the costs (why hiring vessels forever? Why not build our acquire rigs outright than rent - Google rig rentals and what we could have owned in over 50 years)
Foreign security, why not re-train units of police/navy/army/whatever specially for same? Why not remove what causes the insecurity - politics, empowerment?
4. We truly over inflate projects from the start (check out the cost of our best oil & gas project- the NLNG and compare similar sized projects built almost around the same time)
5. I don't understand why these IOCs make the most of their worldwide operations money in or from Nigeria despite these claimed high costs or difficulties (telecoms guys are another unlinked reference/analogy, I agree. But try reason am) Unlike telecoms they can't claim it's our huge population, as we don't drink the oil. But we know we are being cheated compared to what's on offer other elsewhere. Like DSTV programs content.
6. For educative reasons let's compile costs
Direct & Indirect that relates to production & not drilling or prospecting. That's what the silly legislators should have done.

Knowing that we have a genuine Uwa's case trending, I think the mods pushing this to FP are petty and insensitive.
No comment on Peruzzi doing his videos at this time.

@op, sorry. Thank God. Heal up and move on.

We give ourselves too much arguing headaches on NL sef.
With the meaning and context,
we truly have so many "infidels" out there.
1. Not Christian/no religion at all.
2. daring to believe something else against the majority.
Yet its nothing to start e-fights over - no abusing another.
Simply pick valuable life lessons.

Jarus:
Someone wants to sell this in Ilorin for N32m (asking price).

Most likely to have spent less than N32m to build it.

So N30m should build a complex like this.

Work out your ROI and try buy this property.

where's the OBO tattoo between the boobs?

.

The leadership spent wisely on the road infrastructures...it was not so great less than a decade ago.
And to hear the soap now foams too is heart warming.

Going by their single largest contributor status and control of board & management (esp the CFO & assistant posts) They own the project/port.
The question to ask is, was the fundings truly brought into 9ja? It seems wrong that the check & balance is missing - the MD can just work and CFO just cross it out at times 5 of value, which is what our politicians always do.

@aji & niggimatic,
You don't understand the psychology of people like this & their perception of what is going on.
We are too used to irresponsible leaders/leadership.
He's been in power since the days of Merkel and proffered solutions before now...but this one overwhelmed him. It's not patriotism. It's like Isidor Strauss (owner of macy's) & wife choosing to die on the Titanic even when offered to be saved several times. They have a sense of responsibility that's on a different wave length to what we have been accustomed to.

You are a mining engineer showing a 200,000 tonnes (divide that by a truck of 30 tonnes which the military don't normally use!) explosive impact.
Common, engineer. Learn from those who understand physics, speed, weight and impact.

How many trucks then?
Where are the parts?

What of witnesses?
Please look closely at the blue colored rocks in the pictures - only if those standerbys know the treasure in front of them!!!

johnlegend01:
Oga Professor, I disagree vehemently!!!

I am a Mining Engineer by study and by profession by God's Grace. I can categorically confirm that commercial explosives were being conveyed from an explosive company in the South west to a quarry in the South south. EOD (Explosive Ordnance Disposal) officers of the Nigeria Police were escorting the said explosives. The explosives detonated because the truck went in flames, according to report. Whether that cause is true or not is another case entirely. The one true fact is that "EXPLOSIVES IN A TRUCK DETONATED". The impact of the explosion is what you saw, while some witnessed ground vibration, air blast and noise.

For those that want to believe Mr Professor, try to check online videos of blasting done in quarries to know what explosives can do to rocks.

Check this video to understand the power of explosives.


https://www.youtube.com/watch?v=NkxKX8Z6vhY

In addition, some people said it was a bomb. Bomb explosives are different from commercial explosives. You would notice that there was no trace of fire or burn on and around the location.

You are a mining engineer showing a 200,000 tonnes (divide that by a truck of 30 tonnes which the military don't normally use!) explosive impact.
Common, engineer. Learn from those who understand physics, speed, weight and impact.

How many trucks then?
Where are the parts?

What of witnesses?

johnlegend01:
Oga Professor, I disagree vehemently!!!

I am a Mining Engineer by study and by profession by God's Grace. I can categorically confirm that commercial explosives were being conveyed from an explosive company in the South west to a quarry in the South south. EOD (Explosive Ordnance Disposal) officers of the Nigeria Police were escorting the said explosives. The explosives detonated because the truck went in flames, according to report. Whether that cause is true or not is another case entirely. The one true fact is that "EXPLOSIVES IN A TRUCK DETONATED". The impact of the explosion is what you saw, while some witnessed ground vibration, air blast and noise.

For those that want to believe Mr Professor, try to check online videos of blasting done in quarries to know what explosives can do to rocks.

Check this video to understand the power of explosives.


https://www.youtube.com/watch?v=NkxKX8Z6vhY

In addition, some people said it was a bomb. Bomb explosives are different from commercial explosives. You would notice that there was no trace of fire or burn on and around the location.

We need food security...

Farmer's eye dey see ooo!
Most people talking about compensation have never experienced the offers they put up as such compensation!

The DISCOs bought terrible bad debts from FG.

Now their strategy is to collect these fictitious debts from present occupiers. But most were owed by dead landlords, tenants that have moved out long ago etc. Most were from NEPA's staff collecting bribes from tenants or not doing their jobs properly! - ie going for meter readings OR settling complaints over genuine inflated bills)
They should have removed the debts; allow another special purpose company collect the debts; pay the FG and they start afresh.
Lots of biz owners make same mistake (buying lemons) with no reprieve from FG or anywhere.

oz4real83:
Will customers also pay the N1,800 any month there wasn't electricity? I don't know what is so difficult with forcing discos to give prepaid meters. If there are no meters, don't bill anything. Let the discos be at loss with their inability to provide prepaid meters.

LEKOIL owns 40% and that's enough for control.

Theses guys bought very poor quality debts as assets when acquiring NEPA.
The debts were never altogether real or justified...their staffs that took bribes instead of enforcing payments or collected funds without remmiting are gone with NEPA too.
They bought "lemons"- They should start a fresh accounting system WITH CARD METERS.

SpyAC:
her bill just the learn work where my own dey, when I pack in to where am staying now, I met a bill of 890000.58888 something, by God grace, is now up to 2.3million in the space of 2yrs.

After deducting the commission payable to Seawave by LEKOIL for arranging the facility, and the upfront fee payable by LEKOIL to the QIA as set out above, the net proceeds of the facility available to the company are approximately $174.3 million’’.

@blunt
The only detail necessary is above -
some cool dudes have secured themselves what a Happy New Year really is, in the form of almost $10m commission.

Baby, He didn't use loan to buy aircraft.
Salman is right I believe. Money is coming (stolen) from Nigeria.

Money laundering has 2steps
1. Steal/move out funds illegally = fraud
b. Falsifying biz/Bank documents = fraud too.
2. Invest money the illegally moved funds in legit biz = laundering
Nextstep

If you want to import anything major (not dropshipping o) eg 20kmt of Diesel
You identify a seller abroad and approach your local bank to issue a letter of credit covering the amount you have (or you're being loaned) in the bank.
paying cash upfront might get you duped (never getting your product or money back and going after seller without visa is an issue)
So the LC comes with conditions of price, volume, specifications, delivery etc Seller normally gets cash value of LC after you get delivery & all conditions are met.
So, YOU UNDERSTAND FUNDS normally COMES FROM BUYER NOW I guess.
Now, what's happening is that the seller (Springfields) is also the buyer (Peace Air) !! = that's the attempt at laundering.
The initial funds getting to the foundation & ethnic/peace initiative stuff accounts now BECOMES more suspicious AS STOLEN govt FUNDS as the fraud.
Think just between 2010-13, what did the foundations or peace & ethnic organisation do to get $20m? Folks saying he's rich & a cool guy, What was he doing before then?

We might have stopped questioning sudden wealth with no antecedents. THEY HAVE NOT.

People did rumor & insinuated funds coming from a former first lady all the while....Nigeria will step in to stop this ..ish to protect the former PEP I believe.

5. POLITICAL WILL
after the greed/mistake in debt purchase. comes Nigeria' interesting model of doing business - Quota system & Monopoly.
we just converted govt monopoly to broke, incompetent private monopolies and expect efficient power!!

the companies involved have made it expressly clear, they have no funds (to even provide meters). In their greed they refused to buy from local meter assemblers. Now they've succeeded in forcing the govt to push it unto us without allowing us but from China ourselves (check prices on Alibaba) while they just configure the kwh rate into it. GREED makes them want to have it all.!!!

RESCIND THE SALES - THEY HAVE BREACHED THEIR SPA or we'll all keep waiting for these broke & unbankable entitiesthem forever; OR JUST ALLOW GENUINE PRIVATISATION INVOLVING OTHER CAPABLE PROVIDERS (like the Meter Asset Provider companies brought in when it became obvious the biggest public complaint is metering & they are too broke to be able to provide)

stop the national grid nonsense and let willing sellers supply willing buyers.

4. GREED & INCOMPETENCE
it's public knowledge the new owners are new to energy biz & borrowed to buy the assets & debt.
where are the financial & technical partners that they included in their bid documents today? They gamed the system!
The banks are right not to loan them... Their model, purchase coverups & mistakes are glaring to them. Even if banks won't loan them, what stops them borrowing from the public = stock market - they want controlling shares but can't invest as agreed in the performance MOU/SPA that requires they must invest more funds; not just take over what FG built, wait to bill the public crazy and call that their investment funds!?

3. Bank Loans to power companies
the power companies are not getting bank loans because they are not bankable not because their customers are not paying.

There's nothing wrong in buying a company with debts, but the quality of the debts is key.
So what's the quality of the debts?
They inherited estimated, fake & contested bills debts generated by PHCN who stopped reading meter bills.
How many of these bills are to the account of dead tenants/landlords, actual seating delinquent tenants/users vs tenants that have moved out & moved on?

They should have studied and paid less of the debts when buying; make PHCN that knows the debt history agree to form a unit to remit it to FG after resolving & collecting such since most were under contest even then - issues were "am not the debtor/user then" (why didn't you collect from him/her? why were your staff collecting bribes instead of your bills?); "am a new tenant, I owe you nothing";"go and meet the agent or landlord for past debts, I'll pay for only my own consumption"; "you brought another person's bill to me" etc.

but they too were not coming with clean hands, funds or meters. CURRENT METERING EXERCISE IS SLOW BECAUSE THEY ARE TRYING TO IMPOSE THE OLD DEBTS ON NEW METERS/USERS. BEWARE as they just configure you with debts without your knowledge!!!

2. NO METERS
Google Fashola' figure on registered power users. Yes, we have poor data in this country BUT A BIZ CAN'T USE THAT AS AN EXCUSE EXCEPT THEY ARE TRULY STUPID not to generate accurate figures of customers consuming their products and not estimates after 6years.

Even if people don't pay It's the fault of the DISCOs!!!

Let me explain thus...
They collect a measured quantity from GENCOs, and are billed for it to be paid later, but when they are selling the refuse to sell with any measure!!! Only preferring to dump on the public & expect esp the unmetered to be as stupid as they are not to know fair estimate of what they consumed compared to metered folks to complain and contest their billing (which is based on fake number of hours of power availability 18-20hours & use of equipmentsq11 throughout referenced period)

It's like a kerosine seller that buys with proper measuring instruments from a station and uses hand to sell; then incurs losses and wants to start blaming his customers for his stupidity.

if you were a judge in this case would you call the seller what he actually is - "Oponu" or fool. Of course they will take his/her excess and RIGHTLY contest if short changed. Why do you think estimated bill is the biggest complain from all meetings Fashola had with the public?

THEY SIMPLY SHOULD PROVIDE METERS AND STOP BRUSHING US ALL AS POWER THIEVES.

It's like if a 1.5l car' fuel gauge stops working, but we all have an idea of mile/gallon consumption (of same and similar car engine capacity) to be able to complain if fuel sold/used on a very familiar trip (say Lagos-Ibadan) becomes 5 times what a 5liter engine V12 car/SUV typically uses to justifiably cry foul!!!

Well that's the fraud estimated billing is justifying & trying make us believe should be condoned.

https://en.m.wikipedia.org/wiki/Cost_of_electricity_by_source

pls don't talk about cost of generating power again without reading the link above...

so many interesting issues raised here with lots of misguided opinions about what the problem actually is/are... but we often talk less of solutions. Maybe if we talk more of solutions, we could improve the power situation.

folks are missing the point here...

the assault is because the DSS doesn't want the public to know the sacking, denials & other ongoings are actually true.
not like they did it for/to protect the VP

the VP is under siege of the presidency cabals!!

Till they are ready to come up with the real banking functions (taking money from saved excesses loaned to needing parties) they are just fooling on SMEs with payroll *#s

.

to think there was a time some actually believed you were marked down for each wrong answers from your correct score except you leave the questions!!

they should just let serious folks know how they are graded for a truth...

Why is Nairaland so starved?
Why are the most jumping to conclusions it's over/about t_t_?

Important thing is that the next post days it's been resolved...
Clear your mind & Move on too.
..

It just started.

We are not mad, just too docile.
And then who is going to "Bell the Cat"?

We're not organized or United (if only even in our sufferings) to act proactively against these obnoxious government actions!!

voter's card would have been your best bet; It's free.

now you have NIMC to deal with. You can get the slip immediately or in a few weeks. Most places where your ID is requested would still collect the temporary (green slip), they know a lot of Nigerians are yet to collect the permanent card after a long while.
It's officially free but I won't be surprised you'll be told no light/hence money for generator fuel; or no data/govt provided network is poor/totally down to register you = shake body to use personal mobile etc.

(really wish a lot of peeps here take making Nigeria better serious right from NOW, BY JOINING OR FORMING THEIR OWN POLITICAL PARTIES and be the alternative opposition contributing positively. But no. they will wait till next election and allow the dregs of the society lord themselves over them by rigging again!!!)

I lived in more than four countries before settling down in what l called my country. This is my first time to hear that nationals pay to get idcard, and foreigners do not pay unlike all the countries only the foreigners pay,even some countries pay their citizens for idcard enrollment.
God help us.

true that...
the foreigners to be captured are to be registered free and later given RUGA settlement o

this is the result of every crazy monopoly.
These cards can be produced for less than N200; but they won't give you the licence.
AND THEY'RE GETTING IT WRONG ALREADY AGAIN.
THE FOCUS SHOULDN'T BE THE CARD BUT THE NUMBER. the validity & highlight of their services should be how bodies requesting the cards can verify the identity/number if quoted EVEN WITHOUT THE CARD!

the company is already enabled by law and is going nowhere like prior I'd card projects...
the current staffers are only in a hurry to "loot" their share of the national cake & milking the public before their services expiration.