₦airaland Forum

Safiaa:
Some men are really clueless about the female anatomy.

Most men.

LordAdam16:
But most of the debt were from pre-DISCO days. They were assumed debt from PHCN and NEPA, both government entities.

Did a research and found that the FG (note the FG alone) approved payment for approx 27 billion last year. What caught my attention was that the DISCOs billed 90 billion. The FG didn't negotiate it, they said they owed 27b and that was what they were going to pay. No external audit, nothing. Now, although I have my reservations about the DISCOs, 90b to 27b is a huge reduction esp when they might have planned their operations based on the 90b figure +/- 20b because of bureaucratic red tape.

Did the FG account for inflation? What about interest? Are they saying all the money owed by the FG for decades is "only" N27b as at 2017?

The DISCOs also have to interface with the state governments one by one, which adds years to actually get repayment.

Estimated billing is a sharp practice and should be stopped. But truth be told, it's one of the primal ways they're able to stay afloat. If the FG can write off 70b. Expect the states to do same.

I personally hate this campaign of calumny being launched against one segment. The GENCOs and TCN are trying to throw the DISCOs under the bus. When they know the DISCOs don't have the same cover that they enjoy.

-Lord

I agree with your summation. It appears you're more grounded in the details of this than I am.

A lot of work still needs to be done. One question that begs an answer is to know what gross margins these disco's operate with. Let's assume every billable customer is given a prepaid meter as of now...would these disco's turn a profit given their cost structure?

If yes, then I wonder why the FG isn't setting a Development Fund to bridge the gap so that prepaid meters are installed across board? If no, then we have bigger problems.

LordAdam16:
A thorough inquiry should be done by the legislative arm.

The DISCOs have been complaining about non-payment by the government (of all arms). That hasn't been looked into. I see no reason why we have almost a trillion naira set aside to pay the generation companies for rejected power, yet the government can't negotiate a payment plan with the DISCOs for the amount owed by the government for decades.

For the DISCOs to secure loans, they have to prove they have a sustainable cash flow. The GENCOs got loans because of the FG fund that guaranteed payment for some power losses. The DISCOs don't have that luxury.

By the way the Ministry of Power recently completed the regulation on third party meter sales. So estimated billing will be a thing of the past in a few years. However, repossessing the DISCOs will not make the huge debt go away. We'd either have to assume and write off the debt and pay a fortune to repossess them or balance the debt and prioritize funding for them.

Moreover, as at late last year, the DISCOs owed the NBET over N500 billion. If you're repossessing them, you'd also have to settle that debt.

In any case, it's positive that we're isolating the specific issues with the sector. So we know how to tackle them. Under NEPA and PHCN, everything was clumped together and everyone was complaining about everything.

-Lord

Valid points bro.

It would surprise you that a big reason why the Government MDAs are yet to settle their debts is that bills given them are also estimated. The Disco's have refused to install prepaid meters at MDA locations. Largely because these MDAs make up a large proportion of Disco receivables.

It's a chicken and egg problem. One that can only be solved when actual consumption is billed as you've highlighted sholud be a reality in coming months.

THE management of Afam Power PLC, has been compelled to cut generation from 560 megawatts, MW to 250 MW as a result of distribution challenges.


The Managing Director of Afam power PLC, Engineer Olumide Obafemi, who made the remarks on the sideline of ministerial press visit to Afam Power PLC, in Oyigbo Local Government area of Rivers State, regretted the company was generating power almost at loss due to the prevailing circumstances.

Meanwhile, the Transmission Company of Nigeria, TCN, has raised alarm that the inability of the Distribution Companies, DISCOs, to take electricity to consumers would worsen liquidity crisis in the sector. electricity Both Afam Power Plc and TCN agreed that the electricity rejection by the DISCOs was responsible for stranded 2,000 megawatts of electricity awaiting evacuation.

However, Engr. Obademi, while calling on DISCOs to expand their distribution capacity, said: “To evaluate generated electricity, ordinarily in this our environment, we don’t have challenge. We have so many lines that go out. But you know that in the power industry we are in a team, a problem even in Sokoto State will affect us here.

Presently from Afam here to Alaoji, we have more than enough lines. “But I am not talking of DISCOs, they are not taking power. Electricity is not something you generate and keep. As you are generating it somebody must be consuming it.” “DISCOs are not taking and that is why most of the time we are not generating as much as we want. On gas supply we don’t have problem. we have gas flow station behind us here.” In his remarks, the General Manager, in charge of Transmission, from TCN, in the zone, Engr. S. Euyouko, said that: ”You know you can’t store electricity, as the GENCOs are generating power we are transmitting it but in a case where the Distribution Companies lacked the capacity to get the power to the consumers, it automatically became a waste.

“To be honest with you, I think on daily basis, like I have said, let me use Afam 6 as an example.” I said it has the capacity to generate over 500 megawatts, but each day you see them producing arbour 200mw, at most you se them producing at most 400mw. “There is power to generate, but sometimes, the DISCOs will not pick the load. So these are some of the things that are affecting us. Like i have told you, electricity is not something you cannot be stored.

“As you are producing it, you are using it, so if they are not picking the load, in Osogbo in order not grand the machine to a halt yes, Osogbo will try to suppress load. “Protecting the transmission line is the responsibility of the Nigerian Security and Civil Defence Corps, NSCDC, and we get them informed once there are attacks on the facilities by vandals. We report back to them always.”


Read more at: https://www.vanguardngr.com/2018/04/stranded-power-compels-us-cut-generation-560mw-240mw-afam-power/

It appears Discos are having serious challenges with load rejection.

gwmlogistic:
How do u burn green grass?

Unfortunately a lot of things we take for granted here in Nigeria aren’t as common in these countries.

From experience Cameroon has very little number of ATMs POS machines are even more scarce. They still have a lot of work to do. Cameroon and several other African countries I’ve been to.

Praktikals:
Dont make it obvious that you want a reconciliation. Involve an elder in your family. The elder will be the one to call the two of you. Pls dont call her directly.

Wrong advise. Elder no dey there when dem marry. The two of them can resolve this if they both want to. If one person no gree the oda waka. No b by force.

Really nice.

hypertension:
And so?

I dont see anyone praising me for going to my job diligently.

That is Government work, so why praise someone for what he is supposed to do.

However, it is a fine job and planning. Just wish imaginary billions have not been siphoned already.

Your boss doesn’t give you a thumbs up or sends a congratulatory email for high performance?

It’s good we praise them when they do well so when we abuse them for non performance they know and take it seriously as well.

No one so far has taken out time to appreciate OP.

Wonderful job you've done here.

Toks or used?

Any engine bay pics ? Serious buyer

Okay sir. I’ll contact you on Whatsapp

Any matrix still available ?

Temmyteeee:
Same location but Jst like 3mins drive apart from the others plus it's newly acquired

What documents does it have ?

where is the phase 3 going for 1m located?

From that picture this project can’t be completed in 3-4 months.

SmartToyota:
35k sir.
Very high OEM quality standard With guarantee

Can you post a picture of it here? What brand?

How much for Lexus ES 330 front shocks ?

The Lexus comes top on all three.

Laredojohn:
Good morning , sorry was asleep when ur message came in , pls find quote , also indicate size for the shoe pls will just be assuming a size for now .
purchase : 35000
shipping to lagos = 15000
total = 50000
for faster replies and update chat me on whatsapp via 080 28996881

Items delivered and pickup. All in good condition.

Thanks for the excellent service laredojohn. Good job you are doing.

ManMountain:
You should have seen that as a sarcastic comment

Now it makes sense...

kasheemawo:
This cabinet reshuffle is an attempt to victimise ibo

Victimize ibos in the Lagos State government?

You ibos and your sense of entitlement...smh

Raptureminded:
is a counter thread or what

Think of it as Celebrating the progress we are making as a country. Both proforce and innoson are doing wonderfully well and should be encouraged by government patronage.

Proforce specializes in armoured personnel carriers and they used to bulletproof cars on a custom basis so I doubt they are in direct competition with Innoson.

Give it to Premium Times any day, their Investigative journalism team is quite good.

Bump

Laredojohn:
Good morning , sorry was asleep when ur message came in , pls find quote , also indicate size for the shoe pls will just be assuming a size for now .
purchase : 35000
shipping to lagos = 15000
total = 50000
for faster replies and update chat me on whatsapp via 080 28996881

Okay. Contacting you.

OnePunchMan:
Hello sir,

Kindly indicate the size you wish to buy for the shoe...
thank you.

EU 43

How much to get these delivered to lagos:

https://www.amazon.com/alpine-swiss-Dress-Genuine-Oxfords/dp/B01G7PGUTQ/ref=sr_1_11?s=apparel&ie=UTF8&qid=1514237001&sr=1-11&nodeID=7141123011&psd=1&keywords=brogues%2Bshoes%2Bmen&th=1


https://www.amazon.com/Denso-PK20TT-Platinum-Spark-Plug/dp/B002M2MMXM/ref=pd_sbs_263_1?_encoding=UTF8&pd_rd_i=B002M2MMXM&pd_rd_r=60Y3CXXE1M0Z5F99ESWQ&pd_rd_w=wSzLM&pd_rd_wg=5gAvY&psc=1&refRID=60Y3CXXE1M0Z5F99ESWQ (six of this)

https://www.amazon.com/ECCPP-Timing-2001-2010-Toyota-Highlander/dp/B01GUOQLK2/ref=sr_1_15?s=automotive&ie=UTF8&qid=1514237643&sr=1-15&keywords=timing+belt+kit

Kindly give me a quote for the following items:

https://www.amazon.com/alpine-swiss-Dress-Genuine-Oxfords/dp/B01G7PGUTQ/ref=sr_1_11?s=apparel&ie=UTF8&qid=1514237001&sr=1-11&nodeID=7141123011&psd=1&keywords=brogues%2Bshoes%2Bmen&th=1


https://www.amazon.com/Denso-PK20TT-Platinum-Spark-Plug/dp/B002M2MMXM/ref=pd_sbs_263_1?_encoding=UTF8&pd_rd_i=B002M2MMXM&pd_rd_r=60Y3CXXE1M0Z5F99ESWQ&pd_rd_w=wSzLM&pd_rd_wg=5gAvY&psc=1&refRID=60Y3CXXE1M0Z5F99ESWQ (six items)

https://www.amazon.com/ECCPP-Timing-2001-2010-Toyota-Highlander/dp/B01GUOQLK2/ref=sr_1_15?s=automotive&ie=UTF8&qid=1514237643&sr=1-15&keywords=timing+belt+kit

DO you have coffee brown suede brogue for men?

Now I know why my battery died out. Meanwhile I’m still enjoying the battery from oga Gazzuzz.