Zonefree:

What kind of useless lie is this?

Person wey get 250k to pay per annum go come live under bridge?

That's ikoyi slum price

Urheadmaster:
Expressway no side walk no bicycle lane and some people are applauding the rubbish

Are you ok!? Sidewalk on am Interstate expressway!? Bicycle lane?

Bolu004:


Kindly compare their bouquet price in South Africa even though it's PAYGo then come back here an argue sir.

There is no such thing as PAYG in SA. If there is provide a link to their SA website where they advertise PAYG!

Nazgul:

Their new prices have already been confirmed. Gotv Supa+ is now N15,700 against it's former price of N12,500.

The problem with Nigerians is that we don't speak with one voice. Tribalism really divided us. If not tell me how these criminals would constantly keep exploiting us year in year out and all we can do is to grumble on social media without any action?

What have you done about:

Bread
Petrol
Diesel
Medicine
Transport
Rent
Rice

But DSTv is your problem!






But DSTv is yourbproblem

Racoon:
https://www.bloomberg.com/news/articles/2024-04-26/nigeria-plans-a-10-billion-diaspora-fund-to-attract-dollar-inflows?utm_campaign=socialflow-organic&utm_source=twitter&utm_content=africa&utm_medium=social&cmpid%3D=socialflow-twitter-africa

It's not about diaspora fund. Money can be borrowed from anywhere. The fact that the money came from Nigerians in diaspora doesn't mean it's any better than if it were to be from Eurobond issuance. It's still a debt.

The issue is what projects will it be spent on? That needs to be known upfront and the cost associated with each project clearly specified

Kobicove:
You mean an unresponsive person was transported from VGC in Lekki all the way to Lagos University Teaching Hospital a journey which would take at least 90minutes at best...is it that there are no hospitals in the immediate locality where he could have been taken for medical attention?

Good question. What about Reddington, Lagoon, Evercare?

jmoore:
Anyone that can pay above 100k per month can afford solar.

Not that straightforward. Solar may require as much as N5mln upfront cost if you want at least 5kva inverter and 10kwh li-ion battery storage which I imagine would need like 15 panels.

Inverter like N800k
Battery like N2.5mln
Panels @N100k each N1.5mln

baretalk:
What have the lazy ineffective governors been waiting for... federal government has since given states and entities right to build their power infrastructure...since the beginning of this administration.

So power plants just spring up overnight abi? Didn't some states have to do the groundwork to get their state electricity regulator up and running first?

Nigerians just talk nonsense Sha.

Anyway I don't expect state governments to be the ones building power plants. They should let the private sector tender for the provision of electricity at a contracted rate and they go build it.

Lagos State can have 500MW floating solar on Lagos lagoon in 3 years if they are serious. There is a global glut of solar panels now, particularly from China. Now is the best time. And we can back ot up with grid scale batteries for nighttime when the sun isn't shining.

Dennisochampa:
I no understand Nigeria...

Why can't we study the power supply structure of countries where power is constant and apply the same principles to our own power sector

Countries like united kingdom, power is 24hrs and does not shake... What are they doing differently that our government cannot adopt

The billions of dollars wen emefiele thief suppose Don reach to take kick off stable power project...

If u add the ones wen we dey waste for subsidy, e go reach carry the project reach somewhere and if u come add the ones wen people like matawale don thief..... E go reach to finish and commission the project

What they are doing differently is that they are paying the appropriate price for electricity.

Nigerians always want government freebies

Energist:
Compare the two in US $, you'll see a slump. I know that some taxes especially from the oil and gas industry come is USD

Exactly! It's easy and pretty dumb to say VAT increased when a $1 VAT in 2019 would be N365 and the same VAT today is N1400.

oz4real83:
1gb is no more 1gb, N100 card is not even enough to make up to 3 minutes of call, and these people still keep claiming they haven't increased tariffs

When I hear this sort of thing I just shake my head!! Una go download all manner of useless app for phone, that use data in the background, then you'll be wondering where all your data went to and make stupid comments like 1GB of 5 year's ago is no same as 1Gb today!!

Islie:

Marketers Lament as 45% Banks’ CRR Hampers Buying Products in Cargoes from Dangote Refinery

•Say with monetary policy tightening many banks unable to extend huge loans

•Masters Energy gets two million litres of diesel from Dangote

•Says quality of product meets Nigerian standard



https://www.thisdaylive.com/index.php/2024/04/23/marketers-lament-as-45-banks-crr-hampers-buying-products-in-cargoes-from-dangote-refinery

I beg. This is a useless article. How much is required to buy diesel that Nigerian banks cannot afford to lend? If I buy 10mln litres at N1000, that's just N10bln!

iwaeda:


https://dailytrust.com/electricity-fg-targets-6000-megawatts-by-end-of-2024/

The article doesn't even relate to the headline. Nothing in the article says how exactly the government is going to go from 4000 megawatts to 6000 megawatts. Which power plants are going to add to that power generation?

Paraman:
So Obi want the Government to fix all the roads all over Nigeria in less than 1 year?Mumu man

This is the same way some idiots were wailing about Eko Atlantic City when Tinubu started the project.

And what is in Eko Atlantic now

adenigga:





Source: https://punchng.com/Marketers-eye-N700/litre-diesel-after-Dangote-price-cut

If diesel is so vital in the production process, the government and companies should be aggressively doing the following:

Increase electricity supply to offset diesel powered generating sets. Even at N225/kwh, its still cheaper than using expensive diesel to power your factories

Alternatively companies should migrate to solar where practicable. There are companies that do Solar as a service, where you pay a tariff and the company doesn't have to bear the upfront cost.

For trucks that Criss cross Nigeria, they should migrate to CNG powered.

adenigga:



Source: https://punchng.com/Nigeria-set-to-receive-fresh-$2.2bn-World-Bank-loan-Edun

What's the money for and how do we plan to pay it back in 20 years? If crude oil is totally out of fashion by then, what will be our forex sources to pay it back?

Tetrahedron:
Thank God common sense is coming back to Nigeria gradually, now all those from Niger rep, Togo, Benin rep, and Tchad will be caught

There's one mechanic workshop near my place of living. Almost everyone in that workshop is from Benin Republic. And I'm very sure if they really wanted to all of them could get Nigerian passports and nin. All they have to do is bribe, and nin will come out, along with Nigerian passport.

ppogba:
Whoever wails over this should have their heads checked.

BVN should be basic requirement.

Dem go still wail funny enough. Like you can get anything done in Yankee without social security number.

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.