₦airaland Forum

To be better off, establishments sample their customers' opinions and wants and ask for areas where they can improve. This is what NTA should do. Moreover they should be business minded and customer-centric.

oloriooko: Improve ke? Never cos it's the same people that will remain there so how can they improve?

For NTA it's backward ever forward never

People are seeking improvement for our national establishments and all you could say is that there cant be any improvement? I pity you. If you dont have any idea to bring up why not read on quietly.

Still waiting for a kind hearted person to help out.

BetaThings: Missed milestones of the power sector roadmap

http://www.businessdayonline.com/NG/index.php/analysis/commentary/24821-missed-milestones-of-the-power-sector-roadmap

We have the will. This Roadmap shows the way". With those words President Goodluck Jonathan closed his speech in the presence of industry captains, leading government officials, investment bankers, international investors and development bankers as the Federal Government unveiled the Power Sector Roadmap - perhaps the most comprehensive policy document ever put together in Nigeria. It is now approximately 12 months since that gathering at Eko hotel and industry analysts are wondering if they picked up the wrong map. No you didn't. What you may have missed to grab is a territory brief - a detailed description of the socio-political nature of policy implementation in Nigeria.

Let me commence by reinstating, unlike most analysts, my conviction that the privatization boat of the Power Holding Company of Nigeria (PHCN) successor companies will eventually berth, though not without turbulence. Secondly, it is worth refreshing that the Electric Power Sector Reform Act 2005 (EPSR Act 2005) is the underlining document upon which the roadmap draws life. It is misleading to analyze the two documents in isolation. The act establishes what should be done and how. The roadmap simply outlines the plan to accelerate the pace of activity with respect to the EPSR Act. This became necessary as the process lost momentum under late President Yar'Adua.

The Presidential Action Committee on Power (PACP) constituted by President Goodluck Jonathan has done a good job of re-tracking the reform agenda and documenting an implementation path laced with milestones and performance timelines. However, these milestones, regrettably, are consistently being missed likewise the established timelines. Commentators have often blamed Nigeria's perennial sacrificial lamb - "the Nigerian Factor" for this failure. I do not subscribe to this school of thought. Infact, that phrase should now begin to take its place in Nigeria's archives given the renewed resolve, energy and determination of some Nigerians to do the right thing. Evidence can be fetched from the last general elections. Another excuse offered for this failure is the last general elections. Again, this is tenuous. Didn't policymakers know an election year was approaching while setting timelines and targets? Wouldn't it be prudent to anticipate electioneering delays and incorporate it in the programs? Shouldn't the machinery of existing reforms be running while new promises are made to the electorate?

By and large, the success of the reform agenda hinges on two platforms. First, the political will of Mr. President and the relevant political class. Secondly, and by extension, the ability of Nigerian Electricity Regulatory Commission (NERC) to set an appropriate cost reflective tariff now, not in future. It appears the former is consciously or unconsciously being established. NERC, however seems to be staggering along with its own end of the deal. Understandably, the first milestone established by the roadmap is that NERC will establish a "genuine cost reflective" pricing regime by Q12011. This obviously didn't happen and when the new price regime eventually takes effect in July 2011 the tariff as published by NERC will remain non-reflective of capital investment cost sufficient to attract discerning investors. The question then is why review prices at all if the new tariff regime will still fall short of achieving its objective which is to attract investment?

Policymakers have attempted to justify this by claiming the tariff increases are phased and that tariff will ultimately be increased to a cost reflective level during the transition period. It is further claimed that this approach will prevent a "rate shock" and help consumers within the R1 bracket adjust. This argument is economically defective. The least tariff per kwh that any Nigerian pays to self-generate electricity is in the region of N40-N60/Kwh. This includes capacity charge, energy charge and operation and maintenance charge excluding "inconvenience charge" (noise level, transaction cost, environmental impacts etc) which can double the figure when quantified. Hence, the rate shock argument is not compelling as the average Nigerian already pays thrice the tariff proposed through self-generation.

A second argument that has been put forward by policy makers is that a phased tariff introduction will guarantee potential investors of government's commitment to ultimately adopt a cost reflective tariff regime. Again, this is unconvincing. The Multi Year Tariff Order (MYTO) - the methodology upon which both arguments and indeed, graduated tariff regimes are based - aims to set electricity tariffs that support the viability and growth of the Industry over a 15year path appears insensitive to the immediate and urgent need for investment in the entire power sector value chain. Substantial volume of the envisaged $3.5billion/year investment in the power sector will be in the form of FDI's. These investors, looking to get in through Federal Government's divestment window, will undoubtedly underwrite parts of their investment in the form of political risk insurance.

Without comparing the risk profile of investments in the telecoms sector, it is worth mentioning that MTN and other telecom operators took similar insurances at the time of entering the Nigerian market. Aside from political disturbances, a prominent risk that investors look to cover under the political risk bundle is failure of regulators/government implementing planned tariff adjustments. This uncertainty undoubtedly adds to the risk premium payable on the bundle and ultimately the cost of service. NERC must understand this relationship and implement a genuine cost reflective tariff urgently. A key component of regulatory function is to balance the investor's quest for "adequate" return on investment with the consumer's desire for quality at a reasonable price. Regulatory policies must be skewed to achieve this balance.

Your post talks about 2011 and cost effective tarrif. We're in 2012 and that has been addressed.

Thanks all

Thanks 1forall. They even asked him to handle his work permit and all, that they'll pay for the visa and air fare.

Can someone pls help out? I've googled it up and got some answers but no extra information is too small. Thanks

A friend just got a job offer from Novotel Hotels, Cherry Lane, Heathrow, UB7 9HB West Drayton, United Kingdom. (Tel: +44-704-575-1465, Fax: +44-700-593-8077). The speed at which they replied his application and offered him a job baffles me. Anyone with verifiable info on them?

Friends in the medical field and those that have a knowledge of it, what do you have to say about SEPTIC ARTHRITIS? How devastating can it be? Causes, cures, prevention and all that. No amount of information is too small pls. You may be saving a life. Thanks.

Stop complaining. If the govt is not performing, leave them and MOVE AHEAD.

maclatunji: Ignorance on display. Was Boko Haram not on rampage during Yar'adua's tenure?

@topic, if the Nigerian government is up to the task of securing the nation, I don't see any reason why the NSA or any other government official would be begging the U.S. not to designate any group bombing and killing Nigerians as a terrorist organisation.

Whatever name they are called does not stop them from being what they are.

It's like you dont understand the effect this pronunciation will have on Nigerian travellers and ordinary business men.

How do I exit nairaland mobile version so I can view desktop version on my phone?

Talking from experience MARRIED MEN are more CARING.

Try and date a married man they are more caring.

C, D & E

Thank God at least little children will now spend time with their dads at home.

I don't blame you, you u were an ET Staff in Oceanic bank u will knw dat 90,000 is more than enough

alaba international market.

My dear the earlier u telll her u are not comfortable with the BANGLE WEARING the better for the both of u. Don't allow ur cousin to see u as an ingrate. Women are DEVILS.

PLS DIE FAST.

THE GIRL DID WELL BY TELLING U IF IT WAS ME I WON'T TELL U.

They should go ahead afterall some graduates behave like illetrates.

@Poster you too make sense.

Whom they go call for ransom?

jjjjjeeeessssuuuussss i hope this is not real or was it gotten from a horroe film?

i will surely miss her and i wish all the best in her married life.

OAM4J:
Not impossible, but rare. very few men will really want to offend their inlaws, especially where he gave them his words and commitment before marriage.

Nobody can give you that probability for certain. It depends on both of them to make their marriage works.

My dear in-laws most times are not what you think they are after marriage.

Hope u know that after marriage it's only what the man wants that happens. What if after marriage he wants her to stay @ home permanently? Do u think u will av a say towards that? Alternatively let her start school first.

Don't allow her because 4m d way u sound she might be interested in d financial aspect of the whole thing.[/b]

Don'y allow her because 4m d way u sound she might be interested in d financial aspect of the whole thing.[/b]

MRbrownJAY:
^^^ lol!!!!

@poster
may i ask what is the point of changing number? (apart from YOUR insecurities, of course!)

that lady should be strong and determined enough to simply tell these guys to back off now that she is married. if she A) cant or B) doesnt want to then nothing YOU will do will change that, UNLESS you also remove her from all the social network sites such as FB/BADOO etc and tie her to the bed post so that nobody will have access to her.

HELP ME TELL AM

Instead of you to work towards getting a good job after service so that you don't end up staying without a job for years,you are here asking where you can make money within a year.How the hell do you think you can serve in NNPC,CBN or oil companies when you are not connected ?
[b]HELP ME ASK AM.[/b]