PressMyButton:
This is a subtle warning to SEPLAT. For two and half years, SEPLAT have refused to do anything on the oil wells, lying fallow, wasting away, the country losing billions of dollars. If the FG withdraws his lincense, our neigbours from the other side will start the cry of victimization.

This has absolutely nothing to do with sSeplat by the way

Paraman:


https://punchng.com/fg-to-execute-3-8bn-gas-supply-agreement-in-may/?utm_source=telegram&utm_medium=social

We don't have gas for our idle power plants, yet. These ones are looking for gas for yet another project!

Antiurchins:
The way dollar will jump 🦘🦘🦘 back to 2000 like a kangaroo will be brutal this time because what they have been doing is artificial depreciation of the dollar. Once the reserves they used in servicing the forex finishes, it will go back to high. It's not the first time, Buhari did the same thing. That's the reason Nigerian foreign reserves went down recently. If the naira is naturally appreciating against the dollar, it will instantly reflect on the prices of Products in the country

Was the depreciation of the naira that rapidly natural!!?? But when its appreciating, now its unnatural

This Band A to E is not the best approach in my view.

They should simply have done a tiered system like what I proposed in the link below.

https://www.nairaland.com/7963173/nerc-sell-kaduna-electric-over#127851494

This way those who use a lot will pay more and those who use less will pay less. The Band A system means that there is too much focus on band A areas and band B to E people are barely seeing light now.

The tiered system means there is no excessive focus on only a small section of the population.

Kenochi:



https://www.vanguardngr.com/2024/04/diesel-gulps-80-of-manufacturers-profits-man/

if that's the case, then they should be happy to be on Band A if that gets them 20hrs, as grid electricity is far cheaper than diesel generated electricity, even at N225kwh

dre11:
Fear Of Sacking Hits NDLEA, Code Of Conduct Bureau, Others As President Tinubu Moves To ‘Overhaul’ Agencies



https://saharareporters.com/2024/04/14/exclusive-fear-sacking-hits-ndlea-code-conduct-bureau-others-president-tinubu-moves

NDLEA should stay
Code of conduct should go
Public complaints comission should go

meum:
Discos: Hello NERC, we can’t hear you. The network is not so good. Can you hear us? Hello! Hello!

What will happen to the units already bought at N225 per unit after the so called downgrade? Will there be an upgrade?

I had the same situation and they credited the refund against my account after dropping me to Band B. So I bought N5k and got like 180 units because of the refund.

But what happens if I buy like N100k unit while on Band B? And then they improve the power and put us back on Band A. This flip flop between band A and B might harm the DISCO. I'll always just buy unit at the times in Band B.

SoNature:
NLC should be realistic in their desire to get a raise. The minimum wage shouldn't exceed 100k. Do they know the number of workers this country pays salaries? Tinubu needs to shut down many MDAs that don't generate revenue for the government ASAP

The number of people on the payroll is a huge problem NLC won't want to hear. Truth is civil service at the federal and state is over bloated

For me a minimum wage of about N120k makes sense without job losses.

If labour wants like N200k, then they should be willing to accept like 30% job losses

Itiks:
For a video that the whole world saw ?

Is that the answer to her questions?

OfficialAPCNig:

You are too optimistic.

Let me ask, have you ever wondered why Geometric had to build entirely new transmission infrastructure instead of using existing TCN transmission lines? Nigeria has an installed capacity of over 1.3 GW, yet the highest we have ever sent to the national grid was 5,800 MW. Have you ever asked why?

Our national grid has a limited electricity-carrying capacity. It will collapse the moment you send over 6,000 MW to it. We need to upgrade to the grid to be able to carry that amount of electricity.

I guess you now understand why I said, it'll cost Lagos nearly $80 billion to be fully powered.

It'll cover the cost of building the power stations, building a new pipeline from Imo to Lagos, which is 529 KM, and installing new transmission cables to go entirely off-national-grid.


It's not SAMSUNG but Siemens.

The agreement, which was signed in 2019, was to deliver 7,000 MW to the national grid by 2021 and additional, 11,000 MW by 2023, totalling 18GW not 17 GW as you stated above. But this is 2024 and Siemens haven't added 1 MW to the national grid.

I believe you already know why.


Even at that, Lagos doesn't have $5 billion to build a GW of power plant. Again, $5 billion can't build a power plant.

Geometric that sits just 25Km away from its gas source costs $800 million many years ago. A 529-KM gas pipeline from Imo to Lagos will cost nearly $2 billion. I don't want to even talk about the transmission infrastructure. A KM cost over $1.2 million. Aba Geometric's transmission cables are over 150KM. How many do you think Lagos will need to fully distribute a GW of electricity?


How many years for each phase?


I don't know where you got $14 billion. Geometric cost $800 million.

Oya, use $500 million to build a 188MW integrated power plant with 25 km gas pipeline, transmission infrastructure with 150 KM cables, and a distribution company (disco) serving 9 LGAs.

A lot of what you have said is also incorrect.

$5bln will certainly build you a 1000MW power plant. In fact if well scoped, designed and executed flawlessly, it could deliver you 1500MW to 2000MW.

There is no need for a pipeline. There is the escravos Lagos and the pipeline that takes gas to west Africa which have plenty of capacity. OB3 gas pipeline will provide a lot more gas from Assa North field in Imo state when it's ready this year

Alternatively $5 bln could get you 2000MW floating solar farms on Lagos Lagoon.

Also Siemens is not meant to add that capacity via new generating capacity, but to upgrade the grid to be able to wheel that capacity.

Use Google to search cost of gas power plant, cost of solar farms, Siemens project and see if I'm right or not.

nedu666:


So all the nipp gas power plants was built by who? Half education is as bad as no education

Good answer. Let me also educate some people here. There is this common saying that $16bln power project was a scam and the money was stolen. it actually wasn't. Now not saying that in typical Nigerian fashion, some of the money wasn't stolen, but the popular story that the entire $16bln was stolen is a big lie. How do I know this?

I know this because the power plants were actually built!! The reason why they are not contributing much to the national grid is lack of gas.

If you look at all the NIPP power plants on the right of the picture, you see that some of them with installed capacity of 500 - 600MW are only contributing like 5%. The Niger Delta Power Holding Company was the legal entity set up to manage these projects. The projects are:

https://ndphc.net/generation#

Alaoji Power Plant - Rivers (Alaoji isn't on the NERC data below because its being refurbished or expanded by Chrome Engineering)
Olorunsogo Power Plant - Ondo
Calabar Power Plant (Odukpani) - Cross River
Omoku - Rivers
Omotoso - Ogun
Gbarain - Bayelsa
Ihovbor - Edo
Egbema - Imo
Sapele - Delta
Geregu - Kogi

https://en.wikipedia.org/wiki/Nigerian_National_Integrated_Power_Project

Of course there was more to the $16bln than just power plants. There was also transmission lines, sub stations etc. It was mostly these areas where contractors either didn't deliver or the project was stalled and lots of items lay fallow at the port for many years.

And of course, typical of Nigeria, we didn't plan enough for where the gas would come from!! Nigerian government treated gas as something you just go and buy in the supermarket. Yes Nigeria has plenty of gas in the ground, but the forgot that it has to be drilled for, extracted, processed and sent to these power plants via pipeline. None of that was done, mainly because the domestic price for gas didn't incentivize the IOC's to be drilling for gas and selling it at a loss.

Inspirer1:
May it be a success

Mathematically,

$1.3 billion project meets approximately 10% of our need
Therefore, 10 X $1.3 billion = $13 billion should be able to meet almost all our electricity need in terms of generation.

I wish they had judiciously used the "$16 billion dollars" back then to fix this our power problem

Lol. I saw that line in the report and its actually wrong. There is no way 700MW meets 10% of our NEED. The issue is the use of the word NEED. Cos estimates put our national need at 25000MW. Maybe he meant to say 10% of available capcity, cos if we had enough gas, as at today we could generate 7000MW

adenigga:


Source: https://punchng.com/Buhari-removed-electricity-subsidy-2022-prove-N3tn-payment-Falana

Mr Falana should stop delving into matters where he's not the subject matter expert.

Lets even assume that subsidy on electricity was removed in 2021, will the price remain exactly the same thereafter?

Is there subsidy on bread? No! Didn't the price increase from N700 to N1500 from this time last year till now? Along with other foodstuffs?

A car in April 2023 and now, are they the same price.

Mr Falana should stick to law and stop trying to be an expert in all things.

Only him will comment authoritatively on oil production, on minimum wage, on economy, on exchange rate, on Banking fraud!!

Realdeals:


https://tribuneonlineng.com/foreign-carriers-engage-in-price-war-to-frustrate-air-peace-out-of-london/

Useless article. There is no gang up to force Air Peace our of anywhere. They have simply responded to the price of a competitor.

If Air Peace does N1.2 for direct ,how do you expect Turkish airlines not to charge less when they will park you in Istanbul for 3 hours on the way there and like 18 hours on the way back.

Reflect7:


OH, BEAUTIFUL..

THIS IS WHAT WE'VE BEEN MISSING ON INTERNATIONAL FLIGHTS.

WELL DONE, AIR PEACE.

So don't we eat these things at home? Why all the plenty excitement eating them at 38000 feet.

wink2015:


That is what Chief Edwin Clarke has been calling on the federal government.

Allow the boys to set up modular refinery so that they can benefit from the resources in their own land.

The federal government can not shut them out and allow the northern part of Nigeria to explore their own resources without anyone stopping them.

I personally blame Ex-President Goodluck Jonathan for what the Ijaws and other crude oil producing community are facing in the Niger delta region.

He was so weak that he lost the good things that could have gone to this own people in the Niger delta region.

And where will the crude oil come from? They will keep stealing it to power their modular refineries? or they will be paying for it.

You want to empower criminals to do what?? So drug dealers abroad should be empowered to start making paracetamol abi?

Criminal activity is criminal activity simple!! Its only because we have a very compromised police, army, navy and even government that this has gone on for so long.

Doskit:
The rampant theft and illegal refining of crude oil pose grave threats to Nigeria's environment, economy, and future prosperity. It's imperative that we unite to tackle this scourge head-on, safeguarding our natural resources for the benefit of all Nigerians and securing a brighter, more sustainable future. Kudos to the Nigerian Navy.

But Niger Delta people will always say its Mobil and Chevron and co that's spoiling their environment. Their environmentalist like Ankio Briggs will turn a blind eye to this. With thousands of these illegal refineries in place, how can any right thinking person say that these folks are not polluting more than the oil companies. Have we seen the videos of these locations and how there is oil and mess all over the place!!??

nairalanda1:


The thing is, at the end, the other countries enjoy constant power because the sector was allowed to charge cost reflective tarrifs.

I mean, the government allowed GSM to set their prices, and they were very expensive. (Some of us waited until Nitel came out with its own cheaper GSM service before we considered getting a phone back then). But it was precisely the fact that they were allowed to set their prices that we went from Telephones are for the rich in the 1980's to having even poor people own their phones.

Money breeds improvement breeds eventual cut in prices. Subsides is a nice way of helping the rich, when you think you are helping the poor.

You guys need to stop regurgitating the success and concept of GSM on every other product. GSM is an intangible product, wherein after setting up the infrastructure, the marginal cost of adding 1 subscriber to the network is zero. If 1,000,000 people port their lines from Glo to MTN, does it cost MTN any more money to provide service to those 1m people?? The answer is no. The base stations are already there. Its because the marginal cost is zero or very low, that's why GSM costs have remained same (or actually gone down in real terms)

For most other products like petrol, diesel electricity etc Its not the same. The marginal cost of adding 1MW of electricity is high. Even if the idle capacity ag the generating plant is there to produce it, you still need to pay for additional gas. The marginal cost of adding a new 1000MW of electricity is the cost of building a new power plant, transmission lines, and gas pipeline that will bring the gas to the plant.

helinues:


See this unserious governors. They have concluded plans? when was the new electricity act passed?

If you have just concluded with your plans, then how many years would you take to execute those plans?

Wondering when Nigerians would start questioning their state governors same way they have been doing to FG, all this governors are just like P in Psychology

Calm down. Wasn't it just passed few months ago? You think power plant is what you go and buy in Ebeano?

ManirBK:


https://nannews.ng/2024/04/03/nigeria-customs-service-generates-n1-3trn-in-first-quarter-2024-c-g/

How wont they? When the cost of what the 35% duty is charged on has tripled in 12 months!!

35% of N10mln and 35% on N30mln, na the same

Paraman:

https://punchng.com/full-list-ikedc-unveils-lagos-areas-enjoying-20-24-hours-power-supply/?utm_source=telegram&utm_medium=social

This thing published by IKEDC makes no sense. The 960Kwh tells us nothing about how many hours they are getting.

Bluntemperor:


Abia People should be grateful to President Tinubu - for allowing the Prof.Nnaji Company, to use Gas Pipelines by ensuring that this Particular Project did Not Pass through the National Grid - which Buhari refused in the first place, because it seems we intentionally forget that,if Tinubu had refused like others,we wouldn't talk of any lights in Abia today!
Whichever way, Kudos to Prof Nnaji, Governor Otti and Tinubu!

There is no need to thank PMB or PBAT! The concept ab initio was for geometric to run an integrated GENCO, and DISCO combined.

benjaminlawson:


Are you part of them? People are complaining of increase in price of energy from 65 to 200 naira, and you are talking of meter, would meter reduce the price.

Go and read the post i quoted on and the post that one was quoted on to understand the context of my post.

And yes, I firmly believe that the cost has to go up to save the industry. However, I do believe that the poor must be protected and I have shared my solutions to deal with this in the past. If this were implemented, it would keep the cost reasonable for the actual poor.

https://www.nairaland.com/7963173/nerc-sell-kaduna-electric-over#127851494

ThierryJay:


Where did you see in the report that petrol will be supplied at N1225/litre? And also where did you see them state that diesel is yet to be supplied by Dangote?

Are you sure you read the report at all?

Clearly not. Most people don't read the actual article the headline is based on and rush to make comments. I must confess I have done so a few times myself.

dominique:
Didn't he say he was going to sell it below N1,000? And we still have to wait till may before he starts selling? I pity anybody that believes this dangote has the interest of Nigerians at heart.

Where did he say so Give us the link to an article where he said so! Nigerians sabi assume and generalize sha.

CodeTemplar:


Above all, no prepaid metre to measure what is being used. Even crude oil isn't being metred.

Metering is the main issue. All the comments about paying for darkness have no basis if that person is metered, cos you only pay for what you use.

OfficialAPCNig:

Where Lagos want see money build 1 GW of power plant? Lagos needs 10 GW to be fully powered and going the Aba Geometric project costs as a benchmark, it'll cost around $80 billion to build that kind of power plant.

$80 billion is around #100 trillion and Lagos is not even a #50 trillion economy.

Again, where Lagos want see gas that can power 10 GW gas plants?

Guy calm down. 1GW is 1000MW. $2bln will probably build a 1000MW power plant. Max $3bln.

Split it 500MW each between EKEDC and IBEDC and it will make a serious dent in quality of electricity in Lagos.

OfficialAPCNig:

If you have sense, you would have known that Geometric is a Genco, disco and transmission company. The transmission line alone runs over 150,000 KM.

The cost of building 100 MW of solar plant is $390 million in South Africa. Now imagine what it'll cost to build a 188MW gas plant with 25km gas pipeline and 150,000KM transmission lines.

Fear God o!!! 150k km is more than the distance from Lagos to London by 10 times

Armaggedon:
That won't be enough for a mini estate.

Says who? 11MW would power like 5000 homes

Ozommadu:


Julius Berger that is handling almost all the roads in Abia is a local contractor abi??

Must you comment?

Well, JB certainly didn't construct the road in the pictures above.

Ttipsy:
FG should actually work with this guy and not the other way round

He has a vision

Honestly. If I were BAT, I'd issue a memo to NCAA and FAAN that Air Peace be given every reasonable support to actualize

Abuja to London
Lagos to Houston
Lagos to Toronto
Lagos to New York

MT:


It is 1180 in the SW

Lies, I called Aboki on broad Street, Marina now and he said he will buy at 1270 and sell at 1275