₦airaland Forum

ornicus:
i worked in the oil and gas industry. some people wanted to partner with my then employer to bid on some of the discos. we were made to understand GE was also bidding. please spare us the BS about peopl willing to take teh risks. it is an open secret in the industry that patience Johnathan owns one of the abuja discos. that one is also risk abi?

established companies understand the the power industry is a LOONG term investment. your Nigerian paddy paddy willing to take risks are your usual i want 300% return in six months hustlers masquerading as businespeople

I am not asking what you were made to understand. There is definitely an error in that. I need a documentary, web or print media proof that GE actually bidded. If you don't have any of that, then whatever you were made to understand is nothing but rumour which is a lie. I know some oil and gas companies that bidded then but GE didn't.
What do you mean by 'one of the Abuja discos'? I know only one Abuja DISCO. I am just hearing for the first time from you that Patience Jonathan owns Abuja DISCO. Its still a rumour and I don't dwell on rumors. I also doubt that it's true. If it's actually true with the way this present government hate and has been fighting her it should have been a widespread news.

I agree that the power industry investments should be long term. Long term doesn't mean that they should be operating at loss every year with no hope of a future turnaround. Long term investments in a business venture means that the time to recoup the capital invested in the venture is long. Let's say from 10years upwards. Businesses requiring long term investments also make yearly profits but not enough to recoup the capital in few years. It is pure stupidity to invest long term in a business with a bleak future. That's investment 101.

ornicus:
unfortunately, power is capital intensive and a long term investment. you may not see your returns for another 7 to 10 years. when they were auctioning the discos, serious players came into the country. from companies like GE. but last last, na paddy paddy arrangement

Where did you learn that GE actually came to buy those assets? Please I need proof. GE never bidded to be part of the privatisation. GE is a smart company and knew that the PHCN assets were very risky and stayed away. GE only do contracts for the then PHCN and the current companies. I have heard this GE talk before and now. I can't keep quiet again. The people that were willing to take the risks and invest in PHCN were those that bought it. Established companies that were knowledgeable in power business stayed away because PHCN was never healthy and was too risky to be invested in which is what that is manifesting now.

Naijafull19:
So, why didn't GEJ or Buhari stop NERC from fixing prices.....by setting up laws to do that?

That is the question.

NERC was established by an Act of the national assembly and should be autonomous which we know isn't possible since it's the current president that has the power to nominate it's chairman. So the laws are there but the structure is weak. What I am trying to let you know is that a current president has enormous influence in tariffs since he appoints NERC chairman and therefore can detect to him to a certain degree.

Parada:
As expected of every foolish bigoted Ipob, power generation which as no relationship with the failed Disco as increased from 2000 MW under PDP to btw 7-9K MW under the lawyer. The failure Disco employed by the cursed PDP handling distribution can’t step up their game to increase distribution efficiency yet want to bill Nigerians the more. How retards n fools from Biafra can simply not comprehend this is beyond all logical reasoning but I can understand when one is fed with endemic hate n corrosive bigotry from birth it does unquantifiable damage to their medulla.

You are ignorantly funny. You are insulting someone else when your write up reeks of ignorance due to your believe in political propaganda. For power generation capacity to increase, it simply means that new power plants were built and commissioned. Since you believe the propaganda that this government has increased power generation capacity from 2000MW to around 7000MW, please list the new power plants that they built and commissioned that contributed to that increase.

Naijafull19:
Actually GEJ is to blame FOR one thing...when setting up the DISCOS, he also ended up setting the rate at which they charged bills.

So, to cut a long story short...the DISCOS charge 30% of the actual cost, while government pays the remaining 70% via something called NIBET.

Of course, government has had issues paying the 70%...and anyway, the DISCOS cannot set their own prices, meaning they are running at a chronic loss.

Also, the price setting drove away a lot of foreign investors....

As for what Buhari is proposing to do, it would only make things worse. (Back to the bad old days of NEPA).

The truth is, you Nigerians don;t want to pay the actual cost of power. Hence the whole farce of GEJ making things hard for the DISCOS and GENCOS at their initiaiton.

You cannot run a business at a loss.

The body that is incharge of fixing tariffs and empowered by law to do so is National electricity regulatory commission (NERC). Jonathan didn't fix any tariff. NERC being an agency of the govt does that. The government appoints NERC's key personnel and hence has influence on her. Even if NERC of Jonathan's era did that in consultation with GEJ, the present PMB's NERC hasn't done anything worthwhile to correct that mistake.

Nigeria bulk electricity trading company(NBET) an arm of TCN is the electricity bulk trader that buys power from the gencos and sells to the DISCOs. There was never any arrangement for government to pay 70% while the discos charge 30%. What happens is that NERC regulates tariff below cost and coupled with the electricity theft by Nigerians and in efficiencies in revenue collection due to attitude of Nigerians, the discos do not realise the already below cost monetary value of the power they supply to customers. So they have been operating at loss.

MyGeneration:
do u mean pdp govt

You said the DISCOs stroke a deal with petroleum marketers not to supply power. I just asked if you where there when the deal happened.

MyGeneration:
discos didn't get anything wrong its all part of the corruption in Nigeria.

discos were complaining that Nigerians are not paying much for electricity, so they strike a deal with petroleum companies who settle them inorder not to bring light. This is part of the reason they are all frustrating distribution of prepaid meters in Nigeria.

Lol. Where you there when they stroke the deal? The main issue with the power industry is that the average man on the street does not understand the real issues coupled with a lying government.

Repossessing the DISCOs will be the worst mistake this government will ever do. If the govt has N739bn to spend, the TCN owned by them is even performing worse than the DISCOs. Let them do wonders in TCN to show a clear difference between a govt fully owned power company and the privatised ones. They can also use the money to build new fully government owned power plants that will generate power to the grid. The TCN owned by the govt and the DISCOs are all underperforming. If you are a business man and understands the power value chain in Nigeria, you will know that the fault is not totally from the DISCOs. The power industry isn't performing majorly because our government is underperforming in all aspects. Those disco owners are businessmen that will be happy to maximize their electricity supply to make money if everything is put in place.

The industry is underperforming simply because of over regulation and the government not being serious. How does the government want them to perform when the tariffs are regulated below cost price that make all the DISCOs to be operating at loss for most periods post privatisation? Where do you expect them to bring money to develop their networks when they are losing money yearly and barely existing? Do you expect a business man to invest more money into a business that is operating at loss? It is never done in business. The banks do not lend them money because they aren't doing well and so not credit worthy. The government is simply slowing down Nigeria development by regulating power tariff below cost and does not subsidise it in anyway. If all you have is street knowledge, then you don't know the real issues here. It is costing Nigeria more in terms of opportunity cost. Business men are there to make money. They only invest more into the business when it's doing well. The reinvestment may be via plowback profits or loans from financial institutions. Financial institutions only grant such loans when they are sure the business is doing well. So if the business isn't doing well, forget about further investments into it let alone a capital intensive sector as the power industry. No body will gamble with the enormous funds the industry needs till the government put measures in place that guarantees adequate return on investment.

There is a lot of money in the world financial market waiting for where to be invested in. Those money only get invested in economies that have shown to be serious in their developmental pursuits via their institutions, policies and regulations. If we need growth in the sector, we have to get those right.

If you know, you will know that that project can't be completed in 2021 let alone 2020 which is like tomorrow.

holyidol:
Ok, please I need advice of people that knows the word of God, " is it sin for someone to marry two wives?

It's not a sin to marry more than one wife. The Bible only state that a church elder must be a husband of one wife in 1Timothy 3:2. Aside that, there is no Bible verse that says polygamy is a sin.

I didn't know people are actually aware of this truth especially the 4th commandment for keeping the Sabbath(Saturday) holy. I just wonder why everyone chose to ignore that commandment and go to church on Sunday and do all sort of unholy stuffs on Saturday against God's commandments. Could it be that the saying in Matthew 7:13-14 (“Enter through the narrow gate. For wide is the gate and broad is the road that leads to destruction, and many enter through it. But small is the gate and narrow the road that leads to life, and only a few find it".) is playing out?

I don't expect the post to make sense to people like you.
In law, there is something called agency. Government is an abstract term but there are government agents that represent the government.
Privatisation made the DISCOs to become private companies. Therefore, their workers are not agents of government. They do not represent the government. They are private citizens like you and me. They represent there individual companies and not the government. Do not harass them. Channel your greviances to the appropriate people in a sane manner.

deltateam:
Can you listen to yourself? Are you making any sense? Beat the 'government'. Government is an abstract term.

The government they see and can access are those that work for them.

So much ignorance here. The poor guys you see around that you call NEPA officials are not your problem guys. Stop harassing them. They are pained about the power issue like you. They live amongst you and still suffer the no light issues.

In 2015 when I worked briefly with one of the DISCOs, I remember vividly a morning my boss a manager in a disco complained how he had to use stove to iron his clothes because of no light in his area even though he was a manager in a disco.

If you have to beat, beat your government that have refused to create enabling environment for power industry to thrive, beat those that steal power causing paucity of funds hampering the growth of the sector or maybe beat yourself for owing the industry so much that have culminated to the DISCOs just existing and operating at loss.

These same roads all the time. These roads were done during Ikpeazu's first two years in office. That means he has been doing nothing since then.

yungmin:
CDR is career development report

It's actually Competency Demonstration Report

I don't see any disrespect there if he asked him politely to leave his assigned seat. It is his assigned seat and has the right to seat there.

This isn't a new thing for anyone that graduated from engineering faculty UNN. It's a way of life.

Unless this is managed by a private sector for the govt, expect it to fail after few years. This is Nigeria. Government is never good in business. Face governance and leave business for businessmen.

seguno2:
budaatum:

The emboldened is about the only bit of this that got my attention but I notice it caught no one else's.

"Price controls"! It means a product is kept at a price set by government, and in Nigeria, we know it's kept low and very likely beneath the cost at which it can be sold at a profit. Like petrol really. But we can at least claim a reason for petrol with our crude oil and our ineptitude at running refineries. Electric though!?

Imagine it were tomatoes. You invest in land and fertiliser and labour and grow them, and when you get them to the market, government sets the price. I'm absolutely certain if that price is higher than the cost at which you grow your tomatoes, you wouldn't mind much. You'd likely be delighted if it's high enough for you to make a tidy profit. And if you're fortunate and the price set is so high, you'd likely invest in more land and more fertilizer and more labour and grow even more tomatoes. But this is Naija, where the price set by government is more likely to be way below your costs so that after you sell your tomatoes, you would have lost money.

Now think, you lost money on your tomatoes. Are you going to plant tomatoes next season? If you're into the charity business or you're stupid, you just might. But if you're not and have rent and school fees for your kids to pay and you want to eat and pay the interest on a loan I very much doubt you'd be stupid enough to throw your money away growing unprofitable tomatoes!

Well, that's the case with electricity in Nigeria I'm afraid. You generate it, transport it along unreliable transmission wires, lose a large chunk of it to illegal use and theft and what you do get paid for does not cover the cost of producing it. Now tell, would you plant electricity next season? I very much doubt it unless you're into the charity business or you're stupid, of course, but somehow, I just can't imagine you'd be either.

So, what's the solution you might wonder. Increase the price of electricity of course. But come on people, increase the price of electricity so electricity planters can earn more money and plant more and sell more? Surely you must be cursing me by now, or haven't you noticed you'd have to pay more for my electric if you want it?

Ok, perhaps you're all nice civilised folks and don't want to curse me so let's try a different way of looking at this. Imagine Buhari removes the price control so I can sell my electricity at a market determined price like I currently sell my tomatoes no doubt at a profit high enough for me to want to plant more next year. Are you cursing me yet? I'm sure you would be if it was the subsidy on petrol I were talking about removing Hell no! You'd likely stone me if you could get your hands on me!

Well, that's what this piece is saying where it says "The private sector is given little incentive to invest.” After all, I'm in the electric planting business for the money and the profit and not because I love you all as Adam Smith would say, so why give you light if you aren't paying me for the priviledge! And you wanna complain you're in darkness?!

When you pay me enough to cover my planting of tomatoes after paying for the land and the fertilizer and the labour and the interest on a loan and cover what I lose to theft and illegal harvesting, and still make a tidy profit to reinvest, I will plant 12000megawatts of tomatoes and I will sell 12000megawatts of tomatoes and even more megawatts of tomatoes than you can eat even because you would be incentivizing me to invest what you pay me in more land and more fertiliser and more labour to plant more tomatoes so I will have more tomatoes to sell you and make more money. But if you want cheap electric, keep your price controls and don't incentivize me but don't expect me to waste my time labouring in the sun just so you can have light because, like you, I ain't that stupid nor into the charity business!

Anyone cursing me yet, because I am telling you, we are too cheap!

You just said my mind. There couldn't have been a better analogy. I am a stakeholder in the power industry and know that till Nigeria fixes cost reflective energy tariffs and criminalises energy theft we would never have constant power supply.

onegentleguy:
My dear na small boy I be oo !!
We are all learning from each other.

Please let me learn from you. I am an intending investor and need all the knowledge I can get from masters like you.

onegentleguy:
Thank God we were able to grab some fine opportunities !!

Some folks saw a juicy OPPORTUNITY in some great coys including FCMB, FIDELITY, UBA and ZENITH @ N1.55, N1.60, N5.50 and N18.85 respectively, and were still waiting for them lower... screaming that Nigeria is about to go into extinction.
Some were even waiting for ZENITH @ N13 !!
While some were hoping to get them, perhaps for free !!

Well, UBA and ZENITH closed @ N6.25 and N20.95 today !!

As one of my Oga would say; Yanzu za su iya saya su mafi girma. Abin duniya !!

Chairman sir, I sent you a mail. Please reply. I need to learn at your feet.

DecrossCFR:
Good day Fam,

I'm an average salary earner and I'll be buying my first car soon preferably Honda EOD 2005 Toks but I've got mixed feelings considering the wide complaints about the spec.

I've been dreaming of that car for long hence your advise is highly solicited on the pros and cons. I don't want a car that will drain me financially. Toyota corolla is another option but my budget can't exceed that.

What should i look out for?

I have been using 2005 Honda EOD as my first car for a little over a year and I can't stop loving that car. I travelled with it to Aba three times last year and the car never disappointed. Buy a good one and you will never regret it. The drive quality and the sound system is way out of the league of corrolla. Don't listen to people that will tell you the leg pulls out. That only happens if you are not observant and bad at maintenance. Take good care of an EOD and you will never regret it. I drove my friends corolla recently and can tell you it's way below the league of EOD in every ramification except fuel economy.

.

This is pure scam.

I wish this was for Honda. Would have bought it. Please do you know how I can order the one for Honda from Amazon in a cheaper way?

davodyguy:
You're lying again. Am I Mr Ibu or Alibaba?

Don't get it wrong. As at March 2018, you're still struggling according to you, but now in 2019 things have changed. Can you share with us the success story? It might inspire someone. I want to be inspired this Sunday afternoon



In consonance with the highlighted part, I'll let this go, since you admitted the error.

I can sense you're Igbo man(I may be wrong) Which state are you from?

You are definitely something else. Don't you get tired?
I don't have any story to tell you. I have made no claim of success and not obliged to tell you any of such story.
Though proud of my ethnicity, that's not the topic of the discussion here so I won't confirm nor deny anything to you let alone telling you my state of origin. People like you can be so myopic to see things in the eyes of religion and ethnicity.

davodyguy:
So which spot are you in now? My issue with you is lying. Why did you have to lie? You can say the truth and move on. Of course Dangote didn't start as the richest in Africa.


You don't seem to get the point do you?

You're starting out your journey into car buying with Nigerian used and went ahead to tell us your life status in 2018 as a struggler. Now you said you've made it. Did you use Pa*t or yahoo+?

What's the secret of this over night success? It might just inspire someone

You are funny. Where did I say that I have made it? Success is a journey and not a destination. I am still on it. I see that you lack comprehension. I only said that I am no longer at the spot I was when that post was made. Is that difficult to understand? So ones finances cannot change legitimately within a year?

I don't know where I lied. That post is over a year. I started car hunting late 2017. I had thought that was when I made that post. Even if it was made early 2018, it's over a year though less than 2. So what?

davodyguy:
Take note of the highlighted part. You're struggling

I have never claimed to be rich. You struggled too. That was the past. I am no longer at that spot if you must know.

davodyguy:
the major issue im facing is that, the car vibrates when ever i engage the gear and vibrates more when the gear is in d4 and AC is on simultaneously. Most times i have to drive the car without AC. It will get to a point when the car is extremely warmed up or hot that it will rough idle and tries to shut down by it self. Once i turn the ac off and the car would stablize a bit.

Also when the car is hot, the ac would not work properly and would blow hot but in the early hours of the day the AC is super cold till the engine gets warmed up and the car starts misbehaving.


Pls i need help.


Thanks

You also came online one time to ask for solutions on your 2000 Honda. Why the heck about me doing the same thing?
I see that you are just one of those empty bragging type.

davodyguy:
Yes, the difference here is that you need yours for use, we needed ours for parts to fix another Laptop.

Next?

You couldn't have just bought a new laptop since you sound like you have always being rich?

Go and sleep.

davodyguy:
The adage that says only a dog that wants to get lost, would not listen to the whistle of the hunter. After reading your blabbings, I had to go dig up your thread to see the personality behind the handle. Guess what, I'm not disappointed. You're just trying to play along like someone who knows, but you're bereft of ideas



See the person claiming to have knowledge and you're still looking for Nigerian used car. I wish you Goodluck, when your mates are buying at least Second hand cars, you're looking for '3rd hand'.

I suspect you're a local electrician or a graduate of Elect Elect.

Now let's deal with the trash you posted


for all I care, you can choose to continue and I'll be serving hot as long as you're here


I guess you're not only struggling to survive, but also struggling with comprehension. My post was very specific and addressed Lagos, putting in perspective Egbin Genco in Lagos and the two Discos (Ikeja Electric and Eko Electric)

I've dropped my post below for you to review and comprehend. This time read slowly

This is what people should know. They generate power from Egbin, Lagos, thennsend to Osogbo first and from Oshogbo, it is sent back to the Discos (EKEDC and IKEDC) what a disaster arrangement

Note I didn't edit any part just reposted exactly. Tell me where I mentioned any other part of the country apart from Lagos.


Where are the blunders? Like saying we have Discos, Gencos and just one Transmission Company? Or the fact that Gencos do not sell power to Discos? I'm waiting for the blunders

You don't need to tell me what's obvious about you, struggling to buy a buy a Nigerian used car and had to create a thread on CEL.. I'm wondering why no one responded to you till this moment.


Since you know, tell me if there's any connection between Egbin and Sahara Power Resources. I'm waiting to hear from you

Who doesn't know this? Since the unbundling of PHCN on 1st November, 2013 and privatization, we now have 11 Discos eg IBEDC, PHEDC, AEDC, and Lagos had two Discos. We have 6 Gencos and TCN which still remains under the FG till date

Tell me where the power Generated from Egbin goes to. Your house or the National Grid?



You're just a confused soul. So you agree with me that Gencos don't sell directly to Discos. My point is this, If Egbin can operate like any Gas station does in which has can be sent to retail distributors to reach end users, then Lagos would probably be enjoying minimum of 16-18 hours per day. This is the point I'm making that you missed completely. Egbin without selling to the Grid is sufficient to serve the two Discos in Lagos, whether you call it IKEDC or Ikeja Electric and EkEDC or Eko Electric, the law doesn't permit them to sell directly except through special arrangements. FYI, within the same Egbin we have AES with 6 units of Gas Turbine plants, but they sell mostly to LASG, which the LASG uses in powering some key infrastructures like street lighting and Hospitals. My point is for Gencos to supply directly to Discos and not having to sell what comes from Ijede to Kaduna in the name of regulations


You need to take to your own advise.

I hope you've been able to purchase that you Nigerian Used car. If you need advice about Honda vehicles, I'll be glad to assist you. The models I've used are 1988, 1992, 1996, 2001, 2007, and 2012 Accord.

I'm now on Element and CRV brands of Honda, I'll be glad to assist you in that regard

davodyguy:
Hi

I need urgently a scrap HP 630 laptop.

Anyone with one can contact me

Urgent

So you actually needed a scrap HP 630 laptop one time in your "perfect life" ?
You don't have the monopoly of digging up ones old posts.

davodyguy:
The adage that says only a dog that wants to get lost, would not listen to the whistle of the hunter. After reading your blabbings, I had to go dig up your thread to see the personality behind the handle. Guess what, I'm not disappointed. You're just trying to play along like someone who knows, but you're bereft of ideas



See the person claiming to have knowledge and you're still looking for Nigerian used car. I wish you Goodluck, when your mates are buying at least Second hand cars, you're looking for '3rd hand'.

I suspect you're a local electrician or a graduate of Elect Elect.

Now let's deal with the trash you posted


for all I care, you can choose to continue and I'll be serving hot as long as you're here


I guess you're not only struggling to survive, but also struggling with comprehension. My post was very specific and addressed Lagos, putting in perspective Egbin Genco in Lagos and the two Discos (Ikeja Electric and Eko Electric)

I've dropped my post below for you to review and comprehend. This time read slowly

This is what people should know. They generate power from Egbin, Lagos, thennsend to Osogbo first and from Oshogbo, it is sent back to the Discos (EKEDC and IKEDC) what a disaster arrangement

Note I didn't edit any part just reposted exactly. Tell me where I mentioned any other part of the country apart from Lagos.


Where are the blunders? Like saying we have Discos, Gencos and just one Transmission Company? Or the fact that Gencos do not sell power to Discos? I'm waiting for the blunders

You don't need to tell me what's obvious about you, struggling to buy a buy a Nigerian used car and had to create a thread on CEL.. I'm wondering why no one responded to you till this moment.


Since you know, tell me if there's any connection between Egbin and Sahara Power Resources. I'm waiting to hear from you

Who doesn't know this? Since the unbundling of PHCN on 1st November, 2013 and privatization, we now have 11 Discos eg IBEDC, PHEDC, AEDC, and Lagos had two Discos. We have 6 Gencos and TCN which still remains under the FG till date

Tell me where the power Generated from Egbin goes to. Your house or the National Grid?



You're just a confused soul. So you agree with me that Gencos don't sell directly to Discos. My point is this, If Egbin can operate like any Gas station does in which has can be sent to retail distributors to reach end users, then Lagos would probably be enjoying minimum of 16-18 hours per day. This is the point I'm making that you missed completely. Egbin without selling to the Grid is sufficient to serve the two Discos in Lagos, whether you call it IKEDC or Ikeja Electric and EkEDC or Eko Electric, the law doesn't permit them to sell directly except through special arrangements. FYI, within the same Egbin we have AES with 6 units of Gas Turbine plants, but they sell mostly to LASG, which the LASG uses in powering some key infrastructures like street lighting and Hospitals. My point is for Gencos to supply directly to Discos and not having to sell what comes from Ijede to Kaduna in the name of regulations


You need to take to your own advise.

I hope you've been able to purchase that you Nigerian Used car. If you need advice about Honda vehicles, I'll be glad to assist you. The models I've used are 1988, 1992, 1996, 2001, 2007, and 2012 Accord.

I'm now on Element and CRV brands of Honda, I'll be glad to assist you in that regard

You are probably a kid in an adults body. If you think you can shame me because I tried buying a Nigerian used car 2 years ago then you have failed woefully. I earn my money legitimately and had to start somewhere. So yes I bought a Nigerian used Honda and I am proud of it. That was 2 years ago. By God's grace I have passed that stage. I am very proud of my beginnings.

I am not going to correct you blabbings anymore. There is no need correcting an unteachable being. You can hold whatever incorrect knowledge you have about the power industry and hope that one day it won't cost you something.

Just know this. I AM A PROUD BUYER OF NIGERIAN USED HONDA. So what next?

davodyguy:
You're just talking shit, trying to form what you're not. Why do you think they call it NCC?

All the Gencos do not sell electricity to any of the Discos. TheDiscos generate and transmit to National Grid, then from the grid, it is redistributed and sold to the 11 Discos in the country for distribution to the consumers.

I valued the entire Egbin plant, including the 6 thermal plants and the transformers. There are six transformers. Once power comes from the plant, it goes into this transformers to step them down, thereafter 90-95% of power generated is sent to the grid. The TCN which is still under FGN then sells back to the Discos as they own all transmission infrastructures in Nigeria.

Non of the Gencos sell directly to the Discos. Sahara Energy owns Egbin Genco and IKEDC Disco, but they dare not sell power to Ikeja Electric based on the template being used in the country. If they do, then IKEDC and EKEDC would get more power to sell to Lagosians and would not be having blackout, cos 1000MGW from Egbin plant to the two Discos in Lagos would guarantee 18 hours power supply to households at the minimum on a daily basis

This is the last response I will give to you. All these stories about EGBIN and Sahara was not what the contention was. You said that power is sent to Oshogbo first and from there it is distributed to every other part of the country. That is what I tried refuting. TCN via the NCC manages the grid via there HQ at Oshogbo. It's just the seat of authority.

Now to all your blunders about how power is sold with your numerous examples using EGBIN which you claimed to have valued. If you knew who is behind this you wouldn't have mentioned the name Egbin and Sahara. I know about EGBIN and Sahara more than you can ever know.
Gencos generate power and disco distribute power. Please get that. Also those Egbin transformers you mentioned does not "step them down". They are step up transformers that step up 16kv from Egbin generators to 330kv grid voltage.

Like you said gencos don't sell directly to discos in most cases but they are permitted to do that by law via what is called "Eligible customers". Through this arrangement, gencos can sell directly to discos via bilateral agreements. You claim to know about EGBIN so well but you don't know that presently even though Egbin and IE which you called IKEDC are owned by the same Sahara group, there is a bilateral agreement in force between Egbin and IE where one of Egbin units sells power directly to IE. EGBIN had this same arrangement with EKO disco past two years though it's not in force presently. So gencos can sell directly to discos via special arrangements.

Next time you are called to value whatever you claimed, make sure you have complete understanding of it before coming online to say trash.