@Export1

Thanks mate.

Cheers.

Good job!
The consistency is off the hook!

Kindly help check: 3VWSF81K36M752428.

Thanks

What other proof is required to indicate that these guys are not representing anybody but themselves?
Because an act was not effective, they wanna junk it. And see the speed at which it is being passed! It has scaled 2nd reading already!! What made it ineffective? What happened to enforcing the act? What exactly do they need foreign accounts for? Lemme guess, to have a safe haven for their stash/loot.

Get ready folks, the Naira is going to nosedive at a record pace once the FX demand sky-rockets. All of them in that house are rogues. PDP,APC,APGA, Labour... Rogues. #shior

Ok now.

Lets go there...

The spelling of the topic though...

justi4jesu: Upon arrival no AC or electricity. At the immigration counter, the officer bluntly asks each passenger to provide a "little extra money for him" in order for him to stamp your passport. Once get your luggage at the conveyor belt, the two officers at the declaration immediately ask you "what you have for me today", meaning a little more money on the side. Finally, coming out of the airport, a swarm of people approach you from all angles wanting to carry your luggage. You literally have to shout, fight and plead with the people to leave you alone. MMIA is HELL...

Aptly put.

None. Zilch. Nadda.

The generator has been used so much that piston and rings are to be changed today.

The technician is making a killing off me.

Jona again? No way!!!

abes: One region punishes the bad eggs among them, the other region praises the bad eggs amongst them, that's why the net migration to one region is far greater than the other region.

NB: don't feel bad if you don't understand my comment, it's not meant for dullards.

Heavy words there.

franchizy: As part of our commitment to fair hearing, equity, justice and fairness. We have received reports on the purported recommendation for the sack of Dame Princess Stella Oduah by the House of Representative committee.
We are aware that during the investigation and hearing of the matter, the Hon Minister exonorated herself of any wrong doing.
It is obvious that she only instructed the NCAA to do the NEEDFUL which implies to DUE PROCESS. We are shocked and saddened at the latest development recommending for her sack.
We are convinced that the committee were bias just for the fact that the Hon Minister hails from the South East.
We condemn it, we condemn it, we condemn it and we shall mobilise a mass protest that shall cripple activities nationwide should Oduah be sacked.
We call on the NLC, TUC, Nupeng, PENGASAN, NMA, NUT, SNG, NBA and every civil society organisation to rise up in defence of our best performing minister Dame Princess Stella Oduah.
We are confident that president Goodluck Johnathan who believes in equity, fairness and Rule of Law will stand for the truth and spare the minister.

^^^

Brimmie: Ondo City!?? Lol.. Oh Lord!!

See Labour Party Color Everywhr..

Nice Job OP!!

Akure Ni Mo Ti Ya

Really? Ara aba!!

Little wonder you always repping here. My formative years were in that town

This report did not rank us 10th. It says we are amongst the 10 that made the biggest improvement since 2009. We could be amongst the countries with big improvements but not amongst the actual top 10 with best policies.

nagoma:

The fetish part spoiled your sensible ( though clinically naive deductions). "Unable to walk with a painful leg" is not synonymous to "bed ridden". Ironically being bed ridden itself is a predisposing factor for PE, and with sudden death with pain in the lower limb in a young lady one would like to rule out PE. I would want to know if she had dyspnoea or even a tinge of haemoptysis.

Also, we should not rule out Systemic Lupus Erythematosus, aka 'The Great Imitator'.

1. 90% of cases reported in women
2. She is within the age range (20-35)
3. The imitation of other illnesses might have the medical personnel treating such illnesses and not the actual SLE
4. The pain complained of at the feet may be due to rheumatism, which is likely not localized to the feet alone but several joints across the body
5. The significant length of stay and continued deteriotation of health may also indicate the immune system attacking the organs, shutting them down gradually.

Just a thought.

Again?

sweetpoison: Which one did ur father buyed

^^^
Dang!!!

@topic. German. Mercedes Benz to be precise.

Garri the 1st: Imagine GEJ's bingo calling Nigerians animals....

No wahala!

Is it his fault? They do all sorts and get away with it. So, what stops him from calling Nigerians animals?

gidson12:
you really is dumb......I mean so dumb

If you cannot decipher the satire in that (that is if you know what satires are and how such are used) your education is waste... No Offense

Aigbofa: How nice. I like another Chinese saying which goes like this; the boss comes in and everything is a mess and the required job was not done.
He asked his manager how come the job is not done and everything is a mess, the manager replied by saying sorry Sir, I have a fool here working for me, he can't seem to get anything right. The boss then replied by saying; aren't you lucky, I have two fools here working for me.

The boss here being the Nigerian people.

^^^
Now that is a more interesting Chinese Story/Poem

Are you on Industrial Attachment or about commencing same?
Do you understand the basics of Programming Concepts?
Do you understand basic progamming languages like C#, Php,?
Do you understand the basics of the concept of a database ?
Are you ready to improve yourself by working with professional developers?
Do you reside in Lagos?

There is an opening just for you as a support person to application developers.
Remuneration is 25k NGN each month.

Kindly send your details to niyifreeze@gmail.com

Thank you.

LMAO!!!

Woulda loved for you to give it a try though...

You'd most likely have seen how 'frozen' the brain is.

Ishilove:
Hell nah, brah. I have absolutely NO opinion about the freshness/cleanliness, or otherwise of Stella Oduah's pusssy. THAT was you

^^^

LMAO!!!

Sunny_bobo: If you had a brain, you'd know.

And your present brain allows you suck up to Reno... Smh

taharqa: SR is again been Sillly and mischievous. The Chief Judge of any state (Or, any Head of Court for that mata) CANNOT administratively withdraw a case. Only d Prosecuting Party can do that. The Chief Judge may simply be reassigning d cases, maybe to even fasten up d cases that hv been crawling in courts for upwards of 10 yrs in sm cases...... By d way, d GEJ Govt just a few days ago removed d nation from d Watchlist of d Financial Action Task Force (FATC), a long process that was painstaking and extensive, and one that hv radicali improved transperancy in d Financial transactions (both Private and Govt) in Nigeria. By d way, for such a huge event, to my knowledge SR hv not even considered reporting d feat. #heightofhypocrisy

'May'... So we do not know for a fact if that was what the judge has in mind. I guess he'll clarify soon.

And it is FATF, not FATC.

^^^

What the F*** is all these?

WildChild00: Everyone knows Tinubu is corupt, from 1999 when he became a senator of the federal republic of Nigeria, he [color=#006600][b]bearly had 500,000 naira as a bank balance, but today he is one of the richest man in Nigeria, due to the fact that der are no checks and balances put in place to checkmate his activities wen he was the governor of Lagos State, vitually all Nigerian politicians are one and thesame, share the money. [/color][/b]

^^^


Polar bear abi brown bear?

A friend of mine in one of the leading banks just sent me this:

Dear All,

This is to inform your that Executive Management has approved a deduction of the sum of N100.00 (One hundred naira only) each from all staff. This amount represents the Federal Government Capital Projects Development Levy imposed on every worker of the Bank.

Please note that this is a one-off payment which shall be deducted from your October Salary for onward remittance to the appropriate Authorities.

Thank you for your cooperation.


Federal Government Capital Projects Development Levy?? At the Federal level? Is FG now a local Government ni? What happened to Tax paid? Will they come after SMEs too? As we all enjoy the "Federal Government Capital Projects"?

Is there anyone with information or can educate on this?

abes: today is the 18th, no 'Nigeria One' or 'One Nigeria', though we have seen 'BMW TWO'

^^^

Jakumo:

I smell bullchit, and/or stark ignorance on the part of whichever dumb phuck made the above statement.

There is NO SUCH THING as a "Reverse Throttle Mechanism" in ANY aircraft on this planet.

On landing, the Reverse THRUST levers, which articulate on the upper surface of each throttle lever, are pulled aft by the pilot as the front landing gear compresses at the moment of touchdown, for the purpose of diverting some of the engine thrust FORWARDS, as a means of slowing jet aircraft down on the landing rollout, in augmentation of toe-brakes application performed by tipping forward the upper portion of the rudder pedals, or by Auto Brake pre-selection be means of the 4-position rotary dial located on the main instrument panel in front of the First Officer.

Thrust Reversers, which are normally retracted as the plane slows to 80 knots, have absolutely NOTHING to do with any hydraulic or electrical failure that could prevent landing gear from deploying on final approach, and as such were probably mentioned by a complete and utter ignoramus who sought to appear knowledgeable in front of the press.

A simple reference to the pilots' timely resolution of an intermittent hydraulic failure would have been sufficient, but the Too Know, Over-Sabi mentality of that spokesperson ensured that outright lies were fabricated by a pea-brained monkey, in the hopes of baffling the public.

You have said it all. There is nothing called 'Reverse Throttle Mechanism'. 'Reverse Thrust' is used by all jet engines when landing to slow the aircraft down. It has absolutely nothing to do with faulty hydraulics.

@Jakumo

I followed your advice and visited Westfield! Great experience... and pocket friendly too! Will be back there in December. Don't have the skills to do Kai Tak yet. Need more practice for it.

berem:

Analysis of the last video said to have been
made
available to authorities indicated that Shekau
was
cloned.

^^^

1759 on the dot! Perfect time for the perfect beer.

Gimme big stout jare...

I am still a little skeptical about the ownership and the cost at which these plants were sold. It is kinda early to speculate. Sumn tells me this will most likely go the 'Nigerian' way, but I sincerely hope the gut feeling I am having shall be proven wrong in big way.

Who are they?

The take-over of the unbundled PHCN firms has generated issues as to the credibility of those behind the purchases and what they are expected to deliver in terms of capacity handling, stock of manpower and expertise, as well as quality service delivery across their areas of jurisdiction. Local owners of the new power companies are mostly investors who had hitherto been fishing in unrelated business waters, with little or no technical knowledge of how these unbundled power firms operate. But checks showed that in all the cases, local investors have partnered with foreign partners with technical expertise in acquiring the plants and are relying on that expertise to turn the plants round.

Owners of the generation companies are: Amperion Limited for Geregu I Genco, Transcorp/Woodrock for Ughelli plant, Mainstream Energy for the Kainji and Jebba generation company (Genco), North South Power for Shiroro plant, and NEDC/KEPCO alongside its local partner, Sahara Energy Resource Nigeria for the Egbin Genco.

Chief Femi Otedola, Chairman of Amperion Ltd, owner of Geregu I Genco is also the Chairman of Forte Oil, a major player in the nation’s oil and gas sector. Otedola is financing 57% of Amperion’s total equity. Its technical partners are BSG Resources Ltd with 38% and Shanghai Municipal Electric Power Company, 5%. Amperion purchased the PHCN firm for $132 million. It plans to jack up power generation at the Geregu plant to 600mw, a 50% increase, in the short-to-medium term.

Mr Tony Elumelu is Chairman of Transcorp/Woodrock Consortium, which acquired the 972mw capacity Ughelli Power firm at $300million. The former Chief Executive Officer (CEO) of United Bank for Africa (UBA), through his Heirs Holdings Limited, committed a $225m fund through debt financing by African Finance Corporation (AFC), UBA and First City Monument Bank. The new owners plan a massive increase of generation capacity to over 1070mw within the next five years.President/Chief Executive Officer of the Transcorp group, Obinna Ufudo, told Sunday Trust that management plans a three-phase operation of “quick wins, refurbishment and expansion.” He explained the quick wins as involving activities that will immediately address the shortage in available capacity. “Our technical experts have identified a number of small fixes which, when carried out in a relatively short time period of no longer than a year after we take over, will lead to an increase in available capacity,” Ufudo said.Elumelu’s Heir Holdings has been promoting businesses, especially small and medium scale enterprises across Africa since its chairman retired as UBA’s group chief executive officer in July 2010. His Tony Elumelu Foundation, a pan-African “not-for-profit” institution dedicates itself to promoting and celebrating entrepreneurship by enhancing the capacity of African businesses and deploying financial capital through impact investments.Elumelu’s philosophical objective is to, in his words, “prove that the African private sector can itself be the primary generator of economic development.” Transcorp, a publicly listed Nigerian company, is one of the firms Heir Holdings has investments in. With the partnership with Woodrock, an American multi-services firm, Elumelu hopes to add further practical vent to that objective, especially on the home front.

Col. Sani Bello (rtd) is the arrowhead of Mainstream Energy Solutions, which got Kainji and Jebba Generation Company (Genco) for N27.2bn ($170m). The deal was financed by Guaranty Trust Bank and the AFC. Bello is a former military administrator of Kano state. He has also been chairman of MTN in the telecoms sector and Amni Oil and Gas. Mainstream partnered with a Russian company, RusHydro to acquire the plant thereby venturing into a third sector of the Nigerian economy.Niger State Government is one of the owners of the North South Power which acquired the Shiroro generation plant at $111.7 million. Other partners are XS Energy Ltd, BP Investment Ltd, Urban Shelter Ltd, Road Nigeria Plc, China International Water Electric and China Three Gorgers Corporation, the corporation handling the Zungeru 700mw hydroelectricity project in the same Niger state.

Tope Sonubi and Tonye Cole’s Sahara Energy Resource Nigeria is the local partner to the NEDC/Korea Electric Power Company (KEPCO), an international investor that acquired the Egbin Power Station located in Ijede, Lagos state for $407 million. Sonubi and Cole are known players in the oil and gas downstream sector company.

For the distribution companies, KANN Consortium acquired the Abuja Distribution Company (Disco), Vigeo got the Benin Disco, West Power and Gas acquired Eko Disco, NEDC/KEPCO bought Ikeja, while Sahelian Power SPV got the Kano disco. Also, Integrated Energy Distribution and Marketing Company acquired both Ibadan and Yola discos, Interstate Electrics got Enugu, Aura Energy got the Jos disco while the 4Power Consortium comprising Bayelsa, Rivers, Cross River and Akwa Ibom state governments acquired the Port Harcourt disco.

Neil Croucher is Managing Director of KANN Utility Consortium Ltd. The company, a joint venture of Copperbelt Energy Corporation (CEC) Plc and Xerxes Global Investments, acquired 60% of the Abuja Electricity Distribution Company (AEDC) at $164 million. Its technical partner, CEC Zambia has a standing history of providing power solutions to mining companies in Zambia, Congo Democratic Republic and South Africa. As an international firm with the required expertise, it is expected to ensure a complete turnaround of the Abuja Disco within a short term. The disco has a franchise for providing electricity services for the Federal Capital Territory, Kogi, Nasarawa and (parts of) Niger states.

Victor Gbolade Osibodu is the owner of Vigeo Power Ltd which acquired the Benin Disco after paying its 75% balance of $96.75. He is the husband of former Managing Director of Union Bank, Mrs Funke Osibodu. Vigeo, established in 1999, is a multi-business group that includes Global Utilities Management Company (GUMC). GUMC has since been providing services in metering system to the Benin Disco. Vigeo plans an additional N40 billion investment in the next five years to turn around its acquired disco.

Mr Charles Momoh, Chairman of West Power and Gas; Dr Tunji Olowolafe and Mr Ernest Orji lead the ownership of Eko Disco. They are partnering with Siemens Ltd of Germany, the executor of the recently commissioned 434mw Geregu II National Integrated Power Projects (NIPP) under the Niger Delta Power Holding Company (NDPHC); Alpha Consortium Ltd, Atlantic Meridian and Africa Infrastructure Investment Fund 2, Mauritius to form the West Power and Gas Consortium. West Power acquired the Eko Disco after full payment of $135 million. Its management disclosed the expansion and rehabilitation of the plant will take another $257 million.

KEPCO/NEDC Consortium also acquired the Ikeja Distribution Company at $134.75 million, making it the only investor to have a stake in both the generation and distribution sections of the nation’s power sector. Experts said the development raises a major concern as to its efficiency and that monitoring efforts by stakeholders and consumer societies must be doubled to sustain performance.

Former Head of State, Gen. Abdulsalam Abubakar is chairman of Integrated Energy Distribution and Marketing Company (IEDMC), which acquired both the Ibadan and Yola discos for $160 million. The oil and gas company is now venturing into power sector operations with technical partnership with the Manila Electric Company (Meralco), the Philippines largest distributor of electric power. IEDMC was among the earliest firms to complete payment for their respective bids.

Alhaji Yusuf Hamisu Abubakar is the Managing Director of the Sahelian Power SPV that acquired the Kano Disco for $102 million. Abubakar is a Commissioner at the Nigerian Communications Commission (NCC), a one-time Executive Secretary of the Petroleum Development Trust Fund (PTDF) and former lecturer at the University of Nigeria, Nsukka and the Ahmadu Bello University, Zaria. He is also board member at Niger Insurance Company and was said to have once been nominated for a ministerial post by Vice President Namadi Sambo.Sir Emeka Offor, is the Chairman of Interstate Electrics which got the Enugu Disco. He is also chairman of Chrome Energy Ltd majoring in oil and gas services, telecommunications and logistics. Interstate made an entry into the power sector with the acquisition of the Enugu Disco for $106.4m. It could not meet up earlier with the 75% payment deadline and had earlier been recommended by the BPE for disqualification in the bidding process as it could not meet up with its technical requirements. It mentioned its partners as the Power House International and Metropolitan Electricity Authority of Thailand.

Alhaji Mohammed Noma, Chairman of the Aura Energy got the Jos Disco. Noma, a politician, is former speaker, House of Assembly in Bauchi State in the second republic. Aura acquired the disco after paying $82 million.

Governments of Bayelsa, Rivers, Cross River and Akwa Ibom state formed the 4Power Consortium which acquired the Port Harcourt Disco. 4Power, which also has some governors and politicians as investors, is also partnering with other private investors to manage the power assets.

Chairman, Disco Roundtable and pioneering Chairman/CEO, Nigerian Electricity Regulatory Commission (NERC), Dr Ransom Owan lamented in an interview failure of an earlier proposed shadow management period which would have given the investors time for better understanding of the facilities. Owan, however, welcomed the test-running period, saying it would help the firms to cope with familiarisation challenges. He assuaged fears of power outages during the testing period.Owan, who assured consumers of consistency in power supply from the new investors further said, “Consumers should realise we bought PHCN problems. The business has not been making money and performing well. So the new investors’ number one goal is to turn the businesses around, but they will have to carry the consumers along because they (consumers) are the ones to pay.”In a phone chat, Croucher expressed KANN Utilities’ eagerness to see government fulfil the pending Conditions Precedents (CPs) leading to the physical hand-over. He said, “We are legally awaiting the completion of the CPs leading to the physical handover. We are waiting for the CPs to be concluded before we enter.” Croucher assured Abuja electricity consumers that with the vast experience at the investor’s disposal, it will deliver optimum services to them.
Although the investors keep reassuring consumers of delivering the desired heartwarming performance during the testing period and thereafter, experts warned consumers should not be unaware of the many challenges that have been bedeviling power generation and distribution, and should, therefore, not be too expectant. For instance, the north eastern axis which harbours the Yola disco has been experiencing challenges of insurgence and wanton destruction of lives and properties in recent times. Such crises have at one point or the other spread to Kano, Jos, Kaduna and even Niger state, which called for heightening of security apparatus and taking proactive measures by the federal government to forestall further reoccurrences.

The western, southern and eastern axes where other generation and distribution companies are located are also not without their pockets of crises. Concentration of power assets in the hands of private investors comes with security challenges, as private investors in the telecommunication sector are experiencing.Another contending issue is that of adequate gas infrastructure and gas supply to power the generators. Vandalism in recent times has accounted for shutdown of power plants like Afam IV, Okpai, thereby reducing the already fluctuation 4000mw total grid to less than 2000mw.

The Federal government, which has been showing commitment to tackling the problem, will need to do more, especially on enhancing the operations of the Gas Aggregation Company of Nigeria (GACN) and adhering to the already available gas supply and infrastructure development policies.Government will also need to ensure hitch-free transmission, as there can be no distribution without a mediating transmission from the generating companies. Government recently recruited 522 engineers for the Transmission Company of Nigeria (TCN), reconstituted the boards and empowered the consultant, Manitoba Hydro International for a turnaround in transmission.
Chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr Sam Amadi urged government to complement its efforts with requisite corporate governance to achieve optimal result in the transmission company.

While responding to the challenges in the metering and tariff system, Amadi stated that the current tariff system, the Multi Year Tariff Order (MYTO) 2 which the new investors are to comply with, is consumer-friendly. He had earlier disclosed plans by government to assist in an effective metering system for the new investors to ensure that power consumed is fully paid for, adding that a new electricity code will be unveiled soon to tackle problems recorded in the defunct PHCN. With these regulations on ground, the new investors are expected to start test-running immediately, while awaiting the declaration of the Transition Electricity Market (TEM) within the shortest time. The public expect regulators to adequately assess operations of the new investors during the test-run period with a view to ensuring prompt intervention towards achieving uninterrupted power supply.-{Sunday Trust}

More Comments:

Kabolobari Benakole
• 40 minutes ago

The move will make imported cars more expensive thus, promoting the purchase of locally manufactured vehicles.

Punch sounds like it supports this move. Really, I personally think it lousy! It's not about tarriff as it's about electricity availability! Besides it's not federal government that makes the industry. It's technology that does. If there's no native Nigeria auto tech or improvement thereof, raise the tarriff as high as anything and we'll all need to jump up on the unavailable trains!

orjiakors
• 44 minutes ago

If the new govt policy is meant to encourage indigenous vehicle manufacturing, increase output and enhance the quality of fully made in Nigeria cars, fine and welcome.
But if the policy is meant to encourage foreign manufacturing companies like Toyota, Peugeot, Mercedes, Ford, Tata, Opel, Volkswagen, etc., come to Nigeria to establish assembly plants, then Nigeria's govt has taken a reverse policy, a backward policy, as far as automotive development and manufacturing in Nigeria are concerned.

Nigeria has had some of the above named automotive companies assembling their vehicles in Nigeria for decades, how far did they impart their technology of vehicle production on Nigerians? To what degree did their assembly activities positively influence Nigeria's economy?

In the recent past, India's Tata manufactured a very good car that sold for US $2000. If indigenous vehicle assembly plants and prospective vehicle manufacturing companies in Nigeria are not subjected to suffocating competition from foreign cars assembling companies in Nigeria, before long, Nigeria's indigenous car manufacturing companies can replicate the Indian Tata feat of bringing up brand new good cars that may sell as low as 1.2 million Naira

Okiri
• 2 hours ago

Hmn! All roads leads to Cotonou! customs, police and other are in for brisk business

chris
• 2 hours ago
⚑Nig govt. is very wicked wish local manufacturer did we have

Kublai
• 4 hours ago

What feasibility study?you people are are not ready to govern.please tell us which cars are manufactured locally at present?

mike usa
• 7 hours ago

hope,you are okay, minister of industry, hope you about to eat your own money, from the poor nigerians, let me tell you, if you do it, God we help you, but rember, that if any penny, received to your pocket, from those, company, God is looking at you, and l know this is another opportunity, for your friends in crime, of the nigeria mate, you guys continue, but one day, your air we come down.


^^^

Errr... What exactly is this Mike usa guy trying to say?