₦airaland Forum

The Board of Punch has recognized several ministers for their positive contributions but notably omitted mentioning the significant impact made by Adelabu from the Ministry of Power. This raises questions about public awareness in Nigeria regarding the true value of these contributions. For instance, while the Interior Minister has achieved minor improvements in passport processing, this pales in comparison to the substantial advancements in power supply that benefit approximately 40% of the electricity market. It seems there is a disconnect in understanding which achievements genuinely enhance the lives of Nigerians.

dinomalaiye:
Wike did not show up to vote on election day because he thinks he's bigger than the people. Didn't Akpabio travel to his hometown to vote for the same election?

Wike you're not God

He probably didn't attend because he already knows the outcome. Events are set to unfold next week, which may explain why the governor is holding the swearing-in on a Sunday. This unnecessary drama does not promote peace or prosperity; all parties should seek common ground for the benefit of the people

HenryWilliams:
LP would have won the 2023 Gubernatorial election in Lagos or given Sanwo Olu a run for his money ..heck they even won Eti-Osa Fed.
It was the boasting of the Igbos shortly after the election that irritated the Yoruba, even the moderate progressive ones felt.insulted.by it.
Sadly that voting pattern will never emerge again for any Igbo candidates in Lagos or SW

You are prolly right but I think there is more to it..

Ofunaofu:
Say where you come from not worldwide. You haven't been to all the countries in the world

In any society, it's often the most popular individuals, rather than the most competent, who rise to political power. You don't need to travel to understand this; you already have access to the world at your fingertips.

Ofunaofu:
Emphasis on free, fair, and credible elections 

Not grab, snatch, and run away with it kind of election 

If an election is held today, I mean, if a free, fair, and credible election is held today, Tinubu won't garner up to 50,000 votes nation-wide.

I’m not sure which state or region you’re in, but where I live, elections are generally free, fair, and credible. If that weren't the case, there's no way the Labour Party would have won the presidential elections in Lagos.
It's important to recognize that elections worldwide are largely popularity contests rather than tests of competency or fairness.

Borrow222:
If an election were held today, free and fair, Tinubu wouldn't get 50,000 votes in Lagos. Tinubu has lost more followers than any other presidential candidate.

You're kidding if you think he could lose Lagos again. If an election were held today, I would confidently bet on BAT to win without a doubt. Just consider how the APC triumphed in the gubernatorial election only two weeks after the presidential elections. If you can explain that, then you’ll understand why I’m so sure BAT will win today.

phadriz:
We small investors are investing to make money and grow our portfolio, unlike the HNIs who are after board control.

Small Shall Grow

Well Done MR Taiwo Oyedele!

almarthins:
Toor!

Perhaps, you think I didn't go to school to be decode lines of encrypted sentences. Nigeria policies are always beautiful on paper. Sagacity to write beautiful plans but no political will to bring it to fruition.

I can give list of policies that started like this, that went cold in the middle never to be heard of again.

Where's the encryption? I don't intend to undermine your viewpoint, but your comment implies that you may not have opened the link. If you had, you would have seen that the document was produced by a private firm rather than the government. The primary goal is to offer an impartial perspective on the electricity market for potential investors.

datola:
It should be meaningful reduction o not reducing 2 Naira from N262 and call it reduction.

Meaningful reduction will be 30% and above

The reductions will be marginal based off efficiency of the system but if we really want significant reduction the naira have to significantly appreciate against the USD.

almarthins:

No trust this people o

This is not a matter of trust if you understand the workings; what the minister did was essentially unlock the financial liquidity in that electricity value chain, thanks to the president who possesses the political sagacity and will to significantly reduce electricity subsidies.. If you are interested in the workings of that sector here is a good place to start: [url/https://www.detailsolicitors.com/wp-content/uploads/2024/01/NIGERIAN-POWER-GUIDE-2024-DETAIL.pdf]

Adelabu you’ve my attention—may God bless you

mikeapollo:
This could be a snippet of info from the latest assessment/valuation of Oando.
The share price is likely to drop between now and Oct 23 when the results would be announced, providing an opportunity for those interested to buy.
Meanwhile, the court case (involving the 14 loser minority shareholders) comes up on Oct 10. If still
interested you can try and buy before the Oct10, and thereafter before Oct 2023.

Note:
The above is purely for only those of us who may still be interested or already in Oando:

Caveat emptor!
This no due diligence!
This is not marketing!
This is not monkey hunting!
Those who are not interested can dump or ignore Oando shares immediately and enjoy their peace of mind!

Too many caveats--

IfnobeGod20:
It will be illogical to you because you've been fed with garbage and that has sunk to your blood stream successfully.
Common senses are not always common. You can allow yourself to be bobo by those in government but someone like me won't allow that. When they do good, I will surely praise them but if otherwise, I won't lessen my rod of rebuke.

I find your responses evasive. Please do not mention or quote me again. Thank you.

IfnobeGod20:
I have already replied you on your misplaced idea.
Now, I posed to you in one of my comments, as you people claimed there is an improved electricity and you enjoy over 20hrs electricity per day, how many MW has been added to the power generated and how much distributed successfully?
Before Buhari left as at May 18, 2023 estimated peak generation was 4,725.60MW and lowest generation at 2,674MW. And as at that time the issue of light was still a big problem in the nation.
Now that the power generated is 5,500MW and the amount distributed is less than 5,000MW. How would that give 40% of consumers 20hrs electricity per day when on record the country will be needing not less than 40,000MW of electricity for consumers connected to the grid to have stable electricity.

By this 40%, it mean the country will only be needing less than 15,000MW which is in contrast to the estimated number that can power and give stable light to consumers already connected to the Nigerian grid.

I made a classical example of South Africa. SA have power generated of 42,000MW with 63m as population but they are still not enjoying 24hrs stable electricity with that huge generation but Nigeria generating 5,500MW claimed that 40% of consumers are enjoying over 20hrs electricity per day. It means that fewer Nigerians are connected to the grid and many Nigerians are still living in stone age and light are not connected to them. We can safely say, Nigeria as a country is a still underdeveloped nation.
This is just simple education and arithmetic but as some of you cannot reason beyond what is thrown at you people, you take everything hook line and sinker.

Cc
lionshare

What sort of nonsensical analysis is this? You’ve refused to answer any question—yet you’re arguing with facts & people’s reality.

MorataFC:
The guy is arguing blindly, despite the link he provided contradicting his own claim. I've pointed this out, and that's a technical knockout, if there is still any shred of integrity in him, he won't dare respond again.

Thank you for educating him. It’s clear that his agenda doesn’t align with reality; everything is viewed through a political lens, regardless of its actual benefits. This makes me question their commitment to the 🇳🇬’s progress.

IfnobeGod20:
I thought your link will show me details of how gas are been used to generate those electricity at various hydropower stations but all I see here are details of distribution of generated electricity to different locations.
I won't go low to your level, next time be armed with fact before you throw abuses to people. It's never a must you comment. I give you this first abuse since it is your first mistake.
Just I have said, let me help you small.
There are 25 thermal power plant in Nigeria and 24 operate on gas turbine power plant. There combined power generation is not up to half of 8 hydropower plant generation for the country. For the avoidance of doubt here are the generation from each thermal hydropower plant in Nigeria.
Kainji (760 MW), Jebba (576 MW), Shiroro (600 MW), Egbin (1100 MW), Sapele (1020 MW), Delta (900MW) Afam IV-V (776MW), Geregu (414MW).
Meanwhile, these gas turbines are mostly located in SE and SS where there are high deposit of gas.
Besides, your link even substantiated what I said about the figure the minister threw out. He said 5,500MW and this record said 4,900 or there about. The very big question is, how will 4,900MW of electricity provide over 20hrs electricity per day for 40% electricity consumers in Nigeria. Meaning Nigeria will be needing less than 15,000MW for over 20hrs electricity per day in a country with over 200m people. South Africa is generating 42,000MW for 63m citizens and they are still generating more because the light is still insufficient to cover the consumers. You see that there are times you need to use your common sense rather than been a zombie to those taking you for granted.
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://africaoilgasreport.com/2023/09/power-deficit/why-less-looks-like-more-a-performance-review-of-nigerias-power-generation-capacity/%23:~:text%3DThere%2520are%2520eight%2520of%2520these,)%2520and%2520Gerugu%2520(414MW).&ved=2ahUKEwjZg_qQ_eqIAxU6WkEAHfpPNqYQ9cILegQIHRAA&usg=AOvVaw2fbu69jjNOMSlolLVmDIZx

Did you bother to read this before posting this? You mean Egbin is powered by Hydro? what does thermal hydropower plant mean?
---Looking forward to learn from your reply.

CAPITALBEE:
Electricity supply has improved in some quarters in Nigeria tbh, we can't neglect the fact that increased gas supply to the very many thermal plants has contributed immensely to this improved supply (Only a few percentage of the electricity generated come from the hydroelectric power plants - for those mentioning rainy season) - The segregation of consumers into different bands, mass metering agenda, and the imposition of a bilateral agreement between the discos and gencos is part of the few changes the ministry of power has initiated over the years to remove notable bottlenecks and further spur improvement in the sector.

👉🏻 To the assertion of the Minister of Power that 40% of electricity consumers enjoy not less than 20hrs power supply - A report from statistica says the total number of electricity consumers registered with the eleven discos stands at 12.6million as of September 2023. Given this, only about 5.04million consumers across the country are been referred to here.

👉🏻 This in itself is still very poor given how much improvement is ideal in the sector taken cognizance of the number of Nigerian homes and businesses that need to enjoy steady power supply to spur economic growth.

Data source: https://www.statista.com/statistics/1306073/registered-electricity-customers-in-nigeria-by-distribution-company/#:~:text=As%20of%20September%202023%2C%20over,as%20of%20the%20said%20period.

Apt

Dalohad:
I bet $3,000 that the national grid will collapse again before the end of this year. Who is game?

FG is in the process of implementing the scada system which will eliminate frequent grid collapses
https://punchng.com/fg-unveils-advanced-scada-technology-for-national-grid/

IfnobeGod20:
The improvement is due to heavy downpour of rain and not because they added significant amount of electricity. It's a usual thing to enjoy improved electricity during rainy season. Look out for next year it would be the same.

Why are you exhibiting your ignorance with confidence? Most of the generation comes from Gas not hydro and there are significant improvements you can track disco load here https://niggrid.org/DisCoLoadProfile

I believe the cash injection refers to an increase in physical currency rather than just overall liquidity. This view is supported by the increase in the Cash Reserve Ratio (CRR) from 45% to 50%. As a result, we are likely to see more noticeable changes in the banking system. Specifically, you can expect to find ATMs stocked with more cash, including new banknotes. This indicates a deliberate effort to enhance the amount of physical currency in circulation, rather than merely increasing electronic or bank-held liquidity.

CyrusVI:
Na that one? Or make he relocate go another place

I detest seeing people living in a place and still cursing the place.

Its not only childish, it means you're living as a coward prisoner, who'd rather live his short life among thorns , while gnashing his teeth every days of his life, when in reality, he could just free himself and go live peacefully in his own lovely domain

What if he has no domain or means of exiting the current realm?

shiwex:
A little fall? Obviously, you know nothing about how the markets work. This is a serious issue, shows there are massive underlying problems.

Please can educate us on the exact underlying problems in this instance?

Raider76:
I think there should be a gov policy to make such companies list to grow the NGX, just like the Buhari gov got MTN to list.

Btw did you see them declaring N300b profit? If they were listed it will be loss they declare with all sorts of excuses like FX losses. The ways companies cheat investors and escape taxes is too much.

I believe that any business generating over $1 billion in revenue, including government-owned enterprises, should be required to list on the stock market. This would greatly enhance accountability and transparency within our socio-economic landscape as a nation.

illicit:
He was not in their custody

He came around by himself in company of his house boy and some other servants

Ofcourse they couldn't arrest and he knows that

Everyone knows, don't u?

He came with a governor


They had to let him leave with the hope of tracking him and picking him up elsewhere

Don't be fooled by Bello's shenanigans

EFCC ain't that dumb...

🦅

Please exactly what stops them from arresting him?

What are the excuses? Have you visited the bank in person? Bankers like to stonewall liquidation but they have no option once you show seriousness.

10mobile:
Is it about people in Abuja being superior, or Abuja itself being a superior region since it's the seat of government?

Does this logic applies to states and their capitals?

10mobile:
Legal discussions involve a lot of complexities. That is what they use to hold us down. They can interpret the law as they like based on who paid higher.

This is common sense and shouldn't be complicated. It's quite shocking that any educated person would argue that people from Abuja are superior Nigerians.

Blessedman98:
Money central owned by who?

This shameful fight btwn NNPC and Dangote ain't ending soon I guess

Focus on the message, not the messenger. Do you understand the logistics involved in moving 111 million liters of fuel by road in just three days? It's quite a challenge. Meanwhile, the spokesperson for Dangote has been uncharacteristically silent, failing to respond to the NNPC's press release regarding the purchase cost and selling price for the last three days.

What was the reason for multiplying a portion of the total output by the per barrel rate?