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Nairaland Forum / IamAtikulate's Profile / IamAtikulate's Posts
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Politics / Re: Why I Located $800m Geometric Power Plant In Aba - Barth Nnaji by IamAtikulate: 10:36am On Feb 27 |
BrutusOj:I had atleast 18 hours daily under Barth 1 Like |
Politics / Re: Why I Located $800m Geometric Power Plant In Aba - Barth Nnaji by IamAtikulate: 10:30am On Feb 27 |
AareGaa:Name the power plants. I guess none is more than 12.5 MW (which is the highest). Ordinary traders in Ariaria market Aba built 9.5 MW IPP which Buhari commissioned in 2019. 1 Like |
Politics / Re: Why I Located $800m Geometric Power Plant In Aba - Barth Nnaji by IamAtikulate: 10:27am On Feb 27 |
AareGaa:So, 8.8 MW IPP that litters Lagos is not mediocrity? Ordinary traders in Ariaria market in Aba built 9.5MW to power their market without making noise. All the IPPs in Lagos has 47MW combined capacity. But according to a Yoruba man, 197.5 MW 1(88 MW + 9.5MW) is mediocrity while 47MW is not. drop hatred and jealousy and progress 2 Likes |
Business / Re: CBN Sells Over $300m To Banks As Naira Gains by IamAtikulate: 10:21am On Feb 27 |
It's not working. Dollar is now #1,680+ this morning. Tinubu is destroying this country with incompetence 39 Likes 3 Shares |
Politics / Re: Nigeria Will Work If South East Works - Vice President Shettima by IamAtikulate: 9:27pm On Feb 26 |
NaijaPrince18:πππ
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Politics / Re: Why I Located $800m Geometric Power Plant In Aba - Barth Nnaji by IamAtikulate: 9:24pm On Feb 26 |
Slytiger:It's the only integrated power project in Nigeria. It generates it's electricity Transmits Distributes 21 Likes 3 Shares |
Politics / Re: Why I Located $800m Geometric Power Plant In Aba - Barth Nnaji by IamAtikulate: 9:22pm On Feb 26 |
Slytiger:He resigned because of this project 8 Likes |
Politics / Re: Why I Located $800m Geometric Power Plant In Aba - Barth Nnaji by IamAtikulate: 9:16pm On Feb 26 |
So Igboman is even powering their State House? This country is nothing without an Igboman. FACT 38 Likes 6 Shares |
Politics / Re: SW Needs Regionalism To Develop Properly by IamAtikulate: 9:13pm On Feb 26 |
flokii:So SE is the reason you have failed to restructure the country after producing a Head of State, 2 Presidents and a VP? Commissioning of 24/7 electricity really pained you people. We love the tears. Keep it flowing πππ 1 Like |
Politics / Re: Peter Obi In Abia State For The Commissioning of Aba Geometric Power (Pictures) by IamAtikulate: 8:17pm On Feb 26 |
yinkus6750:It's an integrated power project. Generation Transmission Distribution |
Politics / Re: Yaradua Started The Aba Powerplant Project Not Otti by IamAtikulate: 1:24pm On Feb 26 |
donbrowser:No OBIdient is claiming that Otti started and completed Geometric in 8 months. It's only the figment of the imagination of bastards 8 Likes 2 Shares |
Politics / Re: Poverty Alleviation and Rural Development Bill by IamAtikulate: 1:22pm On Feb 26 |
mrvitalis:It would not. If you ban all alternatives, it'll put too much pressure on the national grid, which will make power more epileptic. And by the time government will fix it, you would have ended up destroying the economy. |
Politics / Re: Celebration As Geometric Aba IPP Turns On 3rd Turbine by IamAtikulate: 11:48am On Feb 26 |
SoNature:We will pay boss, relax. I know how much I am paying monthly for steady power supply. I always make to set the money aside before anything else each month 2 Likes |
Politics / Re: Celebration As Geometric Aba IPP Turns On 3rd Turbine by IamAtikulate: 10:58am On Feb 26 |
arantess:You summarised them well |
Politics / How Tinubu Dollar Policy Is Making People Rich by IamAtikulate: 9:02am On Feb 26 |
I'll go straight to the point. 1. Dollar was almost #2000 a week 2. It started falling and got to around #1,570+ yesterday. People bought the dip. 3. Just this money it got to #1,670+ Those who bought $10,000 during the dip (yesterday) will make a profit of #1,000,000 just within 24 hours. Whatever these guys are doing is not working. Fluctuations like this is very dangerous to the economy. It encourages speculators. And fixing this is very simple. 1. Stop floating the dollar. 2. Peg it at it's true market value and adjusts accordingly to changing market dynamics. 3. Ban street BDC operations. 4. License and encourage P-2-P operations. Once you peg the dollar and hold it constant for a month, speculators will no longer have incentives to hoard dollars. They will inject them back into the system by selling. Ngozi Okonjo was able to lower our inflation to a single digit, 9% to be precise. And some of what she did was to peg the exchange rate. Buhari started floating the FX rate around July 2016, a year after Jonathan left power. Naira lost over 57% of value within his 8 years rule. Around 2021, Buhari stopped floating the dollar and pegged it, abandoning FX unification. This is what we said when Bloomberg asked him why in 2022. "The exchange rate is still susceptible to external shocks that can suddenly and severely affect Nigerian citizens.It seems Buhari, a soldier, understands economics more than Tinubu, a first-class accountant. |
Politics / Re: Top 10 Largest Construction Projects In Nigeria 2024 by IamAtikulate: 8:32am On Feb 26 |
Top 10 construction projects in Nigeria and you missed the $3.5 billion ANOH gas project in Imo? Just say the top 10 projects in the WEC (Western Economic Corridor) in Nigeria. 4 Likes |
Politics / Re: Celebration As Geometric Aba IPP Turns On 3rd Turbine by IamAtikulate: 8:27am On Feb 26 |
Godoverevery:Yoruba people and paranoia Tufiakwa 35 Likes 6 Shares |
Politics / Re: Celebration As Geometric Aba IPP Turns On 3rd Turbine by IamAtikulate: 8:26am On Feb 26 |
yarimo:As Diamond Bank CEO, he provided the first external loan for this project. As Governor, he solved the gas supply problem. 30 Likes 4 Shares |
Politics / Re: Abia State Development Thread- PICTURES by IamAtikulate: 8:50pm On Feb 25 |
Nzogbu2012:If you rant finish, you'll still go and sleep under darkness. We don't have una time. But FYI, no Yoruba non-capital city is anywhere remotely near Aba in development 1 Like |
Politics / Re: Abia State Development Thread- PICTURES by IamAtikulate: 8:45pm On Feb 25 |
FOXDOSSIER:We are cursed. We agree. But by tomorrow, we will abandon the national grid for una and enjoy our 24/7 electricity. $800 million Geometric investment no be any body mate. ππππ I am 100% sure you are not from Anambra because they are never this petty. I schooled in Anambra, dealt with a lot of them, and I know them in and out. 3 Likes |
Business / Re: CBN To Raise BDCβs Share Capital To β¦2 Billion by IamAtikulate: 10:49am On Feb 24 |
tonicyril: Now Yorubas have turned to blaming a dead man. My only problem with Yoruba people is that they don't take responsibility. Always blaming others, except themselves. |
Politics / Re: Enyimba Economic City First Phase Is Ready To Take-off by IamAtikulate: 8:39am On Feb 24 |
Beautifulday:For now, until the plant is upgraded. |
Politics / Re: Enyimba Economic City First Phase Is Ready To Take-off by IamAtikulate: 8:38am On Feb 24 |
After this, the Aba Seaport will follow. Elect good and visionary leaders, una say NO. 1 Like 1 Share |
Politics / Re: CBN Pegs Rate For Import Duty Payment by IamAtikulate: 8:33am On Feb 24 |
I thought Tinubu wants to float the FX? Why is he pegging the custom's exchange rate again? Confused man |
Politics / Re: Akeredolu's Funeral: Nigeria Army Arrests Kidnappers Along Akoko-owo Road by IamAtikulate: 8:30am On Feb 24 |
Ola9ja23:Yorubas are now denying their brothers π€£π€£π€£ |
Politics / Re: Now That Aba Is About To Have 24/7 Electricity... by IamAtikulate: 9:56pm On Feb 23 |
seborrhic:It's guaranteed. The Plant generates 188 MW, which is enough to power Aba. The city currently gets a maximum of 50 MW from the national grid. So an additional 188 MW from Geometric and 9.5 MW embedded electricity from Ariaria Market Independent Power Plant will give the city steay supply. seborrhic:You're uniformed. Aba has already transitioned from Enugu Electricity Distribution Company (EEDC) to Aba Power Limited Electric (APLE or just Aba Power). This is the same company that will handle the distribution of Geometric power. Aba Power is a subsidiary of Aba Geometric Power. To ensure the city doesn't experience downtime when transitioning to Geometric Power, the planners gradually removed Aba from EEDC to Aba Power. For over a year now, Aba Power has been distributing power in Aba. seborrhic:The cost of power from Geometric will be higher because they will be providing 24/7 electricity. But the cost will likely be cheaper per kwh. seborrhic:Geometric owns Aba Power and that company now has license to distribute power in Aba. If you think your billing is getting too much, then get a prepaid meter and pay for only what you use. seborrhic:There are no hurdles to cross. Yes, if Geometric Power runs at full capacity, which they will certainly do, Aba will experience near-uninterrupted power. Anyways, the plant capacity is 188MW. |
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