₦airaland Forum

betshopagent:
The project is owned by Bart Nnaji but started under GEJ. So it was licensed by GEJ administration. The problem Bart faced was two. The first was raising capital. Secondly after raising capital, land was another issue. He raised more money to acquire lands for the power station. This project was mainly for Ariaria market but He expanded it to power 9local government areas in Abia. It gurantees 24/7 hours light.

Lies.

The project wasn't originally for Ariaria, but businesses and industries in Aba.

FYI, AIMATA (Ariaria International Market Traders Association) built and commissioned their independent power plant. It was a 9.5MW plant commissioned by Buhari. The FG's NERC licensed Ariaria Independent Energy Distribution Network Limited to distribute the generated power.

Putinofrussia:
That is because they are mostly more educated than you are..


Effect of Money Supply on the Economy.

An increase in the supply of money typically lowers interest rates, which in turn, generates more investment and puts more money in the hands of consumers, thereby stimulating spending. Businesses respond by ordering more raw materials and increasing production. The increased business activity raises the demand for labor.

The opposite can occur if the money supply falls or when its growth rate declines. Banks lend less, businesses put off new projects, and consumer demand for home mortgages and car loans declines.

This one don go copy Economics text book.

increasing Ms stimulates spending which exerts inflationary pressure on the economy, consequently leading to demand-pulled inflation. It's a pity that Economics textbook you copied didn't tell you that.

Chummynoni:
This much in circulation with little or no impact in the lives of the populace, one of the reasons inflation is killing us. It is obvious the Ms is way more than this. Nigeria that doesnt have record.

Some Tinubu supporters are already celebrating that (all-time money supply) without knowing the implications.

When we call them illiterates, they say we are toxic.

🤣🤣🤣

WhiteWood:
Good News!! It's uplifting to see positive developments emerging in Nigeria. Kudos to BAT.

🤣🤣🤣🤣

It seems only illiterates support BAT. Too much money in circulation (money supply) are one of the major causes of inflation.

Too much money supply when Nigeria is already experiencing one of the worst inflations ever shows how clueless the CBN Governor is.

banku:
Nnaji should be respected for his intellectual pursuit of energy since he was a Minister. It was unfortunate that he left based on conflict of interest.

Let us face it, profit is a viable encouragement for success. What should be discouraged is excessive greed like gambling to defraud others we saw in Boesky and Milken on Wall Street.

Nnaji is different. He had a Mission and I am glad he was supported by Nigeria Power Holding Co.

The irony here is that it was this same Tinubu that fought Obasanjo for Independent Power Partnership. The individual Gas powered and distribution worked well in Kwara then.

But Nnaji have to watch out. Those without contributions but privileged will force a stake in this project.

Ask Bronson about how he got fed up with Nigerian/Atlantic Airline.

Respect to Nnaji.

Not a problem, provided they are bringing in money

jesmond3945:
no one will build 3.5 billion dollars plant and sell to local market case in tow dangote exporting

Igbos are not OTHERS.

Be guided.

jesmond3945:
my guy face reality. You mean unprocessed gas

You get processed gas from your gas reserve.

Isn't it?

BTW, Igbo is building a $3.5 billion gas plant

So our brothers have resorted to kidnapping their brothers

SoNature:
Oga, Geometric Energy will source gas from Shell gas facility in Abia State for generating, transmitting and distributing power across Aba and its environs.

Everyone knows this already.

SoNature:
By the way, what stalled the power company wasn't the federal government. It was Emeka Offor's EEDC that refused to let them operate because they have the license to cover the whole of South East as their catchment area.

Did I said it was stalled by the FG?

SoNature:
Lastly, power has been moved from the exclusive list to the concurrent list. In fact, the licenses of these Discos have already expired. Stop the blame game already. State governments can now issue serious energy companies licenses to generate, transmit and distribute power in their states. The only challenge is that such business is capital intensive.

License was never Geometric Power but guaranteeing steady power supply

manutdrichie:
Wow

Thats a good news and for the fact that its private sector driven, i'm rest assured that it will be delivered

Yeah.

Obijackson (Nestoil) is not a small fish. He should be able to pull that off.

IGBOSON1:
Could you shed more light on the bolded?

Obijackson (Nestoil) through his Company, Century Power Generation LTD is building 1,500 MW power station.

It'll be in three phases.

The first phase will generate 495 MW, which will be enough to power the whole Anambra state.

Project should have been completed in 2021 but COVID and other things delayed it.

It'll be ready for commercial use by 2026.

When commissioned, Anambra should be the first state to attain 100% 24/7 power supply.

Besides this, there are several other power projects currently going on in Anambra which I believe is up to 4,500 MW.

manutdrichie:
1500?
Are you sure?

Is it funded by the state govt?

Yeah.

Private individual. The project developer is Century Power Generation LTD, a subsidiary of Nestoil, owned by Obijackson.

The first phase is about 495MW, which is enough to power the whole Anambra, will be ready by 2026.

For context, the all-time peak power generation EVER attained in Nigeria was 5,801 MW, which averages 156.7 MW for each state.

So, 495 MW should fully power Anambra state.

stacyadams:
The geometric metric meter how person fit get am?u in aba?

Any prepaid meter will work

jesmond3945:
to buy gas easy? IPPs full every where but no gas.

We have gas in the South East.

Imo alone controls 2/3 of the current Nigeria gas reserve.

Blazebond:
Anybody standing with Israel in this genocide is A BASTARD,and their generations will suffer the same fate as the Palestinians.

I stand with Israel

🇮🇱🇮🇱🇮🇱

The decision comes in response to the shooting attack on Thursday near the Maaleh Adumim settlement, which resulted in the death of an Israeli soldier and the wounding of at least eight others.

We support this.

Palestinian terrorists brought that on themselves.

SuperOnyi:



When Aba starts having that 24/7 electricity, I might decide to start living in Igboland — which means kissing two birds with one stone.

You are welcome to our city

manutdrichie:
The reason you saw geometric power in Aba, its because of thr industries there

Next viable city is onittsha

You are right.

Over 1,500 MW of power project is ongoing in Anambra and will power Onitsha. I am praying for them to complete that project

SoNature:
Aba people should pay their power bills because electricity is not cheap. Most of us clamour for 24/7 power supply but we don't even know that we cannot afford it.

Don't worry about us.

SoNature:
Geometric should supply its own meter and have a system for tracking power supply and bills because you cannot stop a Nigerian from bypassing their meter, especially when power supply is steady. If you refuse to pay your power bill, you will run Geometric out of business.

Nothing concerns Geometric with distribution. Aba Power is in charge of that and those guys are not smiling.

SoNature:
BTW, other states with gas should also emulate Geometric Energy. We should gradually end this national grid nonsense. Every state should start generating, transmitting and distributing power.

Anambra has several power station projects that are ongoing. They will become an energy powerhouse if they can pull them all off.

SoNature:
By the way, I can never supply power to residents if I own a power company. Instead, I will focus on companies and offices.

And who will give you license?

Anyways, that was Geometric original business model but the FG stopped them.

BreconHills:
Best of luck and good fortune 👊

Thanks.

We love ❤️ you

We will continue to hold our money in USDT.

Don't cry for us.

We know what we are doing.

Honestly, it seems only Soludo and Otti are working in the South.

It'll be hard to defeat Soludo in Anambra. But those LP guys are not joking.

BreconHills:
It doesn't take 11 years and certainly not for a man of Barths ability. Its not like the technology has to be invented. Read a bit more about the subject and you will find its down to red tape and politics.

I hear Barth is going to give the entire low down on what went down during the commissioning ceremony. Stay tuned.

Ok.

The good thing is the project is now up and running.

Wish us good luck.

Nairalander248:
So I asked Google which year will 26th February fall on a Friday. This is the result. 👇

Friday, February 26, 2027

Ok.

The project will be commissioned on the 26th and your President will be in Aba to experience Igbo man ingenuity.

We solved the power problems Nigeria couldn't since 1960.

Anambra power project is coming up really fast and theirs is over 1500 MW.

BreconHills:
And why haven't operations started since 2013?

Do you build an integrated power station in one day.

Geometric is a generation, transmission, and distribution power company.

Only the transmission cables are over 150,000 KM. For context, Lagos to Kano is about 991 KM. So, the Geometric transmission cables are over 150x that distance.

Can you pull that off in a day?

The project stalled during Buhari government but OTTI helped expedite it.

Themanleshey:
Well buhari is not up and doing while he was in power , he is always not aware , he is not always on top of his game .

It was as if we never had president to the extent that his wife had to expose him that cabal had hijacked power from her husband .

That’s how bad it was then , you knew his role in term on security too . Those are things we can’t discuss here .

So buhari regime is not the same as this.

Thank you .

Buhari wasn't a great president. He is the worst this country has ever produced.

But dude is FAR FAR better than Tinubu.

No comparison whatsoever.

It's no news that the Aba Geometric Power will be commissioned on 26th February, 2024.

As an integrated power project, Aba will generate, transmit, and distribute her power. This means that the city will now enjoy 24/7 power supply.

What are your expectations for this city?

Wish us good luck.

donprinyo:
Tinubu contributed nothing to this project. He should stay away

No.

We Abians actually want him to come and experience development in the East not those rickety, stunted brown roof building they littered the SW with.

Time for our Yoruba brothers to see real development without government support.

olibeans:
Geometric Power Plant that has been operational since the days of GEJ.

Naijeria ohhhhh

Operational ke.

It was started during Jonathan government.

LegendHero:
This project is the collaboration between the Federal government and the private sector.

Buhari Government tried their best to support and make sure the project is bought to fruition. Good that President Tinubu continue the support.

It seems the private company themselves are the one that invited President Tinubu to commission the project.

Why they don’t invite the Agulu fraud Obi call for concern. Make Obedient people no go burn the facility out of hate.

If you rant finish, Aba will have 24/7 electricity while you go back to your darkness.

🤣🤣🤣🤣

BreconHills:
And he got the licence from which administration?

Do you know how many years this project was tied up in red tape? Listen to Barth Nnajis speech on the opening and learn - there is no tribalism at the top of the tree.

Jonathan