₦airaland Forum

StOla:
My joy is that this project has given knowledge to many lacking the sense that infrastructural projects cost much money and takes much time.

At least, no one can accuse a private company of embezzling from the $800m it required to provide power for just 9 LGAs out of 774 LGAs in the country.

Nor can you criticise why the project that was projected to cost $250m eventually cost $800m.

Abi dollar dey depreciate like Naira when the project was never costed in Naira?

flokii:
The solution is simple.. prioritize security biko, let farmers be able to farm in peace and harvest their crops.
All those bandits and whatnot have to go.. the time to finish them off is now.

flokii:
Igbos are now waking up while my Yoruba people are still in deep slumber.. God help us.

EreluRoz:
I don't remember you and what kind of question is this?

I was a teenager then and you don't expect me to still behave same way I did

ayokellany:
The President of the Federal Republic of Nigeria accepted today the resignation of Barth Nnaji, the hitherto Minister of Power.

The resignation is reportedly connected to the revelations first premiered by Business Day which linked the former cabinet member to an underground bid for Afam Power Station.

Nnaji revealed to the National Council on Privatiation last Friday that his company, Geometrics, was a shareholder in a company that bid for the Afam Power Station.

Afam Power Station has an installed capacity of 775 Megawatts which is 18% of the country’s current total power generation.

The revelation came as a surprise, although many Nigerians were already aware that the privatiation of PHCN was simply an unbundling of the country’s power assets to the cabal.

However the undoing of Mr. Nnaji may have come about as a result of the dispute between himself as minister and PHCN employees.

The PHCN employees were embittered by Nnaji’s refusal to pay them adequate terminal benefits running into hundreds of billions of Naira. The conflict-of-interest being he would not want an asset he was planning to acquire to be hugely indebted to the soon-to-be disengaged PHCN staff.

http://businessnews.com.ng/2012/08/28/breaking-news-power-minister-barth-nnaji-resigns/?utm_source=rss&utm_medium=rss&utm_campaign=breaking-news-power-minister-barth-nnaji-resigns/.

StOla:
No pain here.

Just setting the stage to confront those who have always been irrational to think infrastructures are built with Chicken change.

StOla:
No need to dey shalaye.

At least you have proven you have the capacity to be rational.

So don't expect miracles from the government in months when you can tolerate a 17year project to provide power to only 9 local governments at the cost of $800m.

Easybet1:
Something you should have bring to Lagos and make cool money, you went to set it up in a village with little companies and poorest people that can't afford to pay the electricity bill.

Haaland21:
I hope by this project, the children of hate would relocate to the yeast..

Noisemakers celebrating a privately owned company gotten with a loan facility of 800 million dollars.

If you think, Nnaji would do father christmas with the electricity, you need to have your head check.....


By the way, lagos state has its own IPP.

StOla:
This project took almost 2 decades to complete just 181MW of electric power.

The Nigerian standard of efficiency and urgency is quite embarrassing.

Now those celebrating this will expect other state and federal governments to give them similar project in 1yr.

A private firm spent $800m for almost 2 decades to provide 181MW power to only 9 out of 17 LGAs in Abia state.

Again, those rejoicing will expect FG to spend only $100m to provide thousands of MW electricity within 1year.

Are we not an absurd bunch?

adamusuleiman2:
Kudos to everyone involved plus the past PDP governors and the APC government. I remember Ikpeazu in sky blue shirt below traveling to South Africa for this project and Osibanjo helping them remove bottle necks in Nigeria along the way.


https://www.vanguardngr.com/2024/02/ikpeazus-footprints-in-geometric-power-project-success-story/

haffaze777:
God bless Niger and all true Nigerians

yarimo:
#70

Zeewirld:
..So sad....Sad that the pain is still fresh in the heart of the victims

lexy2014:
wow...is that the picture of your head and the reason why you are unable to answer these questions?

1. pls what is the meaning of reform?

2. what exactly is being reformed?

3. is it because of subsidy that rice was being sold for 6k?

4. was it only because of subsidy that Nigeria was borrowing?

5. when subsidy on diesel and kerosene was removed, did it stop borrowing?

6. since Tinubu removed subsidy on fuel, did it stop him from borrowing?

7. how is fuel subsidy the only issue that Nigeria was facing?

8. since it has been removed, has that solved all Nigeria's problems?

9. how are they working to cushion the effect of fuel subsidy?

lexy2014:
off point. how does that answer the following questions as enumerated?

1. pls what is the meaning of reform?

2. what exactly is being reformed?

3. is it because of subsidy that rice was being sold for 6k?

4. was it only because of subsidy that Nigeria was borrowing?

5. when subsidy on diesel and kerosene was removed, did it stop borrowing?

6. since Tinubu removed subsidy on fuel, did it stop him from borrowing?

7. how is fuel subsidy the only issue that Nigeria was facing?

8. since it has been removed, has that solved all Nigeria's problems?

9. how are they working to cushion the effect of fuel subsidy?

BBIA:
na who be Akeem ?

BBIA:
Comprehension failed you.

BBIA:
I only talk about funny name oh!

sorry for saying IPOB… I meant BIAFRA



you know I am not a Nigerian.

lexy2014:
you have not answered the question.

if all the gas you say is in the SE is in my mind, how then is it in the SE? or is my mind the SE?

BBIA:
You wey go school, oya explain what it means in technical terms.

lexy2014:
we are saying the same thing. earlier, you claimed that all the gas in the SE is in my mind.

if all the gas you say is in the SE is in my mind, how then is it in the SE? or is my mind the SE?

Abagworo:
This long grammar means kitikiti katakata for Abians. There's still a long way to go for Aba to achieve 24/7 power as being touted everywhere

CaptainFM1:
Gas supply will be the doom of this white elephant project.

BBIA:
“Geometric power plant” no be any standard term for engineering.

Abeg where these IPOB the get these ideas to coin funny names to make concept wey
sound absurd?

abi na the new world standard IPOB naming convention?

PHAYOL81:
YOU honestly don't have to give this long sermon for them. If they believe they need seaport, let them invest in it. Nigeria didn't build Apapa for Lagos. They inherited and expanded it, owing to its unarguable viability. And when LAGOS GOVERNMENT felt like they needed another, they looked for investors to partner for its realization. Lekki seaport got approval same way the proposed IBAKA/IBOM got approval from the BUHARI led FG, but while LAGOS went ahead to make it happen, the AKWA IBOM government instead was merely playing around, building a mega church project that has little economic benefit for the state （waiting on either FG or imaginary investors that they hardly sought for）. If any SE government believe in the viability of the port project, they can seek approval for it and start. It's that simple.



THE guy you quoted was right. All the ports you mentioned were inherited by FG from the colonial era, not built by FG. When the serious state wanted another, they sought approval and investors to get it done. A mere DANGOTE too has a mini seaport in LEKKI to facilitate his refinery logistics services easily. If Dangote can do it, what stops a state governor from doing same if the state believes they need one like DANGOTE？ You've heard of LEKKI DEEP SEAPORT too, it's an investment of LASG under PPP in hope to improve the IGR. If SOUTH EAST governors believe in ports, seek investors too or borrow loan to do it. Or must FG go out of their way to build yours？

Tap0lane:
[/quote][quote author=yarimo post=128661887]kudos to late president YAR,ADUA

yarimo:
the governor is a man with dubious character

raumdeuter:
Obi will be there to clap and react as Vice President Shettima commissions the project

Coolestguy2023:
Them born am well make he stay? As soon as he heard the VP as almost landed, the gbajue clown go don ran away