₦airaland Forum

brain54:
So...?

You can now see that Lagos- Calabar cost more than five times the Indian average

brain54:
Can you provide proof of any road in Nigeria costing 10 times more than in India...?

Road construction costs in India versus Lagos-Calabar

budaatum:
Next time i go to buy Nigerian Guiness for £5, I will argue with the seller that it's only ₦2000 in Lagos so I should be paying £1. In fact, when they charge me ₦5000 for one Guiness at Eko Hotel, I should insist I pay ₦2000!

Op, why compare with Ethiopia only, and not UK or USA too?

Is the USA a peer of Nigeria? Are wages in the USA same as in Nigeria?

brain54:
It is like brazenly claiming to have bought a bottle of coke for five thousand naira when everybody knows it is only five hundred naira and you expect it to fly....


The truth is that contracts are subjective to place.


The price of making the same stretch of road in kilometers would differ from location to location even within Nigeria. This is due to many factors caused by feasibility and even soil type.


Construction of a road on a sandy terrain would cost different from on a swampy and even rocky terrain for example.


So it depends on a lot of factors and is not fixed to cost the same amount by kilometers!

So it is ok for cost per kilometer anywhere in Nigeria to be more than ten times what obtains in India?

Why are contracts inflated when they can always be compared to other countries

Many years ago, someone showed that a railway project in Lagos was inflated many times compared with how much was used to complete a similar project in Ethiopia.

Again it has been shown that the coastal road construction from Lagos to Calabar and the Badagry to Sokoto awarded without competitive bidding by President Tinubu were inflated many times compared to a similar project in Mumbai India.

It is like brazenly claiming to have bought a bottle of coke for five thousand naira when everybody knows it is only five hundred naira and you expect it to fly.

It is sad that this is what we have to cope with in Nigeria and money is being borrowed at high interest to do these kind of things.

The money being spent is no longer only oil money as it used to be. The money is now coming from the industry of Nigerians unlike how it used to be

AI and the true size of a company.

AI or no AI, the number of employees will always indicate the size of a company. The revenue of a company is also an indicator when it is not a trading company. If a company with a low number of employees is having a huge revenue then it is going to have dealers that it pays commissions to and those dealers will have employees.

In the healthcare sector, no matter the level of AI, a three hundred bed hospital will still have a medical director that is not AI and other doctors at different levels and also nurses, cleaners, health care assistants and even technicians. That hospital will have hundreds of workers. The same is true for a big hotel in the hospitality sector. AI can not rush down to secure bail for you when you are arrested by the police and you need a lawyer and it can not argue anything in court.

A 500 employee company will always be more valuable than a one hundred employee company ten out of ten times AI or no AI unless the one hundred employee company is using dealers that also employ many people which will show when you compare the revenue of the two companies.

AI or no AI, a truly big company will always need many people chipping in. The workforce will always be large and where you see workforce you will also see other assets like equipments and buildings comeasurately. An oil company that employs one hundred people full time will have roughly the same valuation as an IT company or hotel that does thesame

Rashduct4luv:
How is the man worshipped?

How is he venerated?

What is worship in Islam?

Check it very well now. Does it make sense to say Jesus, Orunmila, Sango, Buddha, Obatala are worshipped but Mohammed is not? If Mohammed is not worshipped then no human is worshipped unless you are being hypocritical

It should be the empire of the sun.

It is said that by covering one percent of the Sahara desert with PV farms we can generate enough electrical power for the whole world for all homes, industries and etc. The only challenge remaining will be how to distribute it. Such PV farms can be scattered all over the world such that there will not be any downtime.
I wrote something years ago about how the distribution of the power can be done with low Earth orbit satellites with the power being beamed from the farms and reflected to different parts of the Earth by satellites. There will of course be leakages and the farms, being large will cost a lot to maintain.

The real solution I now think is in solar power generated by micro plants that can be managed by even one person and also on a part time basis while energy storage technology is further developed to take care of downtimes. Storage to take care of downtimes is the ultimate solution. There is no solution that is cheap.

If you have resources as an institution or individual, then try to sponsor research on how to improve energy storage solutions. We also need innovations. There are viable solutions already but the resources required by such solutions are scarce. Energy storage is the future but lithium deposits already discovered can not support all of Earth's homes and industries. Though energy storage is not really needed for industries that do not need to be upstream during sundown.

Energy storage is where more research is needed and if it is solved, power costs will become even more mediocre and it can be solved.

From my investigations, Power costs even in the high income countries should not be more than 0.3 cents per kWh if power plants are collecting ninety percent of the revenue collected by power distribution companies. It can be twenty percent of 0.3 cents per kwh in low income countries because of wage bill differentials. With micro plants as described where distribution companies don't add much, if any infrastructure, ninety percent of revenue can certainly go to the investors. The distribution in my opinion is best done by government.

Parachoko:
The bold is a kie

Go and look at the solar component of the grid in the US, Germany, Japan and etc. Without solar, they will be in darkness

nairalanda1:
There is nothing like affordable power.

Renewable power is even more expensive compared to conventional power.

You should read the article first before commenting.

Modified

[b]Now why is this relevant to electricity? To build the electric infrastructure that would provide Nigerians electricity in the quantity and quality demanded, some estimates show that an investment of $120 billion must be made. Make no mistake this money cannot, should not and must not come from the government. It would bankrupt the entire country. But let’s say there are many investors and financiers willing to provide this money (which in many cases there usually are); they must be assured that the prices charged will be cost reflective. The prices would be higher at first but electricity would only be used in those places that it is valued the most.

For example, those industries, shopping malls and hospitals that spend millions of naira on diesel generators would be the first to pay for electricity at those high prices. Because they consume so much electricity these industries, commercial centers and hospitals get to spend less on their electricity bill than they did before when they used diesel. They can then sell their goods and services at lower prices. Since power from the grid is less expensive than power from a single diesel generator the simple economic principle of when prices are low people demand more kicks in. They begin to use more electricity, further bringing down the prices of electricity.

Since others in the economy, like you and I now have more money to use, since the prices of many goods and services have been reduced and electricity prices in general (as a result of increased industrial, commercial and medical usage) have also been reduced, we are now able to afford electricity at those lower prices[/b].

P;S

I blocked Parachoko for resorting to abuse and calling me a clown. That is not acceptable behaviour from him.

I read before commenting

Let's even use your figure of 120 billion dollars investment required.
On that, what you should expect is like ten to twelve billion dollars per annum returns to be paid by revenue from homes and industries. That is like 50 dollars per head per annum for full blown power including heavy industry if 200 million people are paying. Is that expensive power? But since 2019 solar has become cheaper

Only INEC papers should be countable. On what basis will a ballot not printed by INEC be counted? A ballot paper not sent out by INEC? However counting can't be done without party agents present and if they are not there it is obvious what can happen.

If a ballot is positively identified as not from INEC then it can't be counted and if counted even a kindergarten lawyer will be able to overturn it.

Yes subsidy must be removed but renewables must be the vast majority of generated power while gas will just be supplementary. That is the only way it can be affordable and it is what all countries do now. If you remove solar especially from any country's power mix, they will become like Nigeria

saintopus:
Is the cost of acquiring a nomination and expression of interest forms as it is currently being sold by the major political parties not disenfranchising members already?

That is even something I forgot to mention. No party with one million financial members will be seeing nomination forms as revenue source. Even one with 50k members will not

gabbytabby:
An association sets its own requirements.

No not chartered associations. A chartered association must be under regulations

mikeapollo:
The bottom line is that the public power system provides enough, constant power for the citizens in developed countries! That is what matters.
But we don't have the same thing in Nigeria. So citizens have to use other sources like solar, generator etc to have electricity, and a very useless govt wants to tax people for that again? In other words, the govt prefers that the people live in darkness and power outage and do nothing about it.

So does this thing being discussed here qualify as tax? Does a one off registration fee qualify as tax? Tax is something government will always come back to collect.

Revealpanda:
He is right.

90% of black people lack any atom of civic sense... They only care about themselves and how any situation can benefit them.

0 spirit of selfless leadership... There's no single successful black country.

How can Nigeria develop if people like you are on the loose? Smaller countries in Africa with less human resources left Nigeria behind in HDI and etc because of thinkers like you.
So there are no selfless leaders where you come from? And you have never heard of high income or high HDI countries where the majority are black?. All nations produce selfless leaders and there are badly run and well run nations all over. All African countries are not run down countries and many of the passports are well respected being able to visit anywhere without hassles and their citizens are not rushing to leave their countries or what is your definition of successful country? Let's start from there

mikeapollo:
Very shallow, myopic talk.
Is power outage and darkness also a standard practice all over the world?
When you talk, put things in proper context and perspective.
Installing solar panels has almost become a necessity in Nigeria because the public power supply is virtually dead.
But in developed countries and others, the public power supply is mostly constant and uninterrupted. So the govts tax those who install solar panels in order discourage or limit its use and people to switch and use the public power supply, which helps to generate revenue to the govt. for maintenance of the infrastructure.

If you remove solar in any country, their power supply would become like Nigeria's

gabbytabby:
Solar installations increases the opportunity for damage to roofing structures and fire to the whole building hence the freeholder has to authorise its installation and apportion additional associated cost.

There is even a need for accounting. There is need to know the total power installed in the country and you can't know that without registering installations

franchasng:
You have to connect your solar to the local grid overseeing company and can return excess or unused energy back to the local grid and get paid for it, that is what I was responding to when I responded to the comment I quoted. You are correct with your comment.


I am against individual homes needing to connect their solar power to government electricity management agency because they will end up ripping off Nigerians by not paying them for excess unused solar power they return to local grid.

Discos are not collecting cash, so the money they collect is in the open and total grid capacity is also in the open. I guess you are afraid there will be cheating during sharing? Isn't it? It is a simple thing to manage in my opinion

helinues:
If the political parties are not financial strong to run the affairs of the party, let them fold up.

Money from members should be by donations voluntarily not mandatory

What would even be the benefits for members paying for any political party membership?

Of course there can be voluntary donations but why claim to be a member if you can't pay a due of even 5k per annum? I agree that a party that can't fund itself and even the lawmakers that win on its platform should fold up

If they connect your installation to the grid and pay you ninety percent of what you pay them and ninety percent of what they collect to you, you will go and borrow money to do more installations

helinues:
So who will regulate or monitor the progress? Still INEC?

INEC does not need to regulate it, you will just know you are not a member if you are not a financial member. All INEC will need to do is say there must be dues

givedemwotowoto:
On the contrary, it should actually be illegal to require membership fees for political party membership because it can disenfranchise poor people from participating in partisan politics

Anybody that can not afford to pay an insignificant membership fee while paying money in church and etc is actually not ready to participate in politics.

What do you think about granting bodies like ICAN, NBA, NSE, ASUU and etc the same rights as political parties?

Parachoko:
This is not INEC job.

Only political parties can make this decision

The law can simply say you can only be a member if you have paid the annual dues. It will then be impossible for a non financial member to challenge the party on anything. It is not a bad idea

helinues:
That should be the decision of political parties not INEC

It is not something that INEC can not do. It is just by saying there must be annual dues for membership to be valid

cucumbar:
Did you see the reason why he thinks it won’t work on Nigeria?

You think it’s not a valid reason?

Franchasng is someone who thinks black people are not fully capable humans according to his posts here. I don't believe his reasons are valid reasons

INEC should make the payment of annual dues a requirement to be a party member


It is not realistic to claim to be a member of anything without being a financial member of that thing by paying an annual due. Be it a professional body or even a church, you must contribute financially and for a political party it should be the standard.

Even churches are funded to the extent that many Pastors are able to maintain a private jet or even a fleet of private jets. Political parties should be constrained all over the world and especially in Nigeria to be the same way and any association or professional body with enough due paying members within a constituency should be granted the same rights as a political party. They are already a pressure group and should therefore be able to sponsor candidates for elections.

People should participate and also put their monies where their mouth is.

franchasng:
This is the standard practice in sane nations like where I once resided but should never be practiced in Nigeria where government and everything that has to do with it is known for failure.



Lagos state and taxing every damn thing yet cannot provide excellent roads and security for its residents, ire oh

So something that is standard practice all over the world should not be done in Lagos or Nigeria? But that is like saying this is the only way but you must not use it!

AntiChristian:
It seems you don't read! Worship has two main components which are actions and intention. To worship an entity you must depend on it with intent and show this by actions. No one greets parents to worship them. Same way no one kisses or point to the stone to worship it.

The Kaaba was there before the idolators and it was build by Ishmael and Abraham who were Muslims too. So the genesis of the Kaaba is Islamic.

When did Abraham live and when did Mecca become a village? At the time of Mohammed, Mecca had a population of around 500 people and that is around 1500 years ago At the time of Abraham which is like 5000 years ago it simply did not exist. It is like saying Ibadan existed 5000 years ago. There was London before Mecca or do you think all cities have always existed? Abraham was born in today's Iraq and he died in Palestine. No evidence Ishmael his son ever left that area. He is one of the unknowns with no known descendants that lived and died in Egypt- Palestine area. All this is just common sense. Show me one evidence of Abraham or Ishmael in Arab history outside Christianity, Judaism and Islam and I will delete my Monika.

If you say you worship the Kaaba without intent despite kissing it and deferring to it, why do you then say the Egyptians that did not do that much were worshipping the sun? The Egyptians never bowed down to anything but you bow down to and kiss the Kaaba. It is the same thing but mind conditioning that you are under is your problem. May God heal you

If you spend one hundred million naira on a PV farm and inverter

I want experts to contribute. If you spend one hundred million naira on a PV farm and inverter, how many homes can it power or how many megawatts can it deliver?

It can deliver whatever it can deliver for all the time the sun is up and consumers will have to buy batteries for storage during downtime.

If you have this system you should not be able to use it without connecting to a disco who will pay you back ninety percent of whatever you pay them and also sell your power to others.

Let experts tell us how many watts or megawatts one hundred million naira can install.

All solar installations should be under discos who should be free to connect the power to other users while paying the owner of the installation. The owner of the installation too should be metered

This move can guarantee power for Nigerians for when the sun is up