₦airaland Forum

Amoda84:
Sometimes I feel as Nigerians we just love to criticise.

We can't in one breath criticise our central grid system that has failed to provide the needed power for 60 years and then still want us to continue around the same cycle...do we want to fix our problem or we just want to criticise?

Power is ridiculously capital intensive and nobody is putting their money in that sector unless we rejig the issue of pricing. It took this government to finally agree a settlement plan of 3.3 trillion verified legacy debt owed to DISCOS and i think they cleared over 700B or so . And we should not also forget that Nigeria's power generation installed capacity is way more than what we are currently distributing. While we want to criticise, we should have these important conversations...should we open up the sector to allow more investment or simply continue around the same cycle? I was in Nigeria in March for 6 weeks and i saw an average 20hrs per day but of course it is not cheap.

Also, i also think we are over fixated on the FG in Nigeria and when people ask what the sub-national goverment are doing....it is being seen as creating excuses for the FG. We can't can't be asking for true federalism, a change in the revenue sharing formula, more resources to the states, resource control and at the same time asking a messiah from Abuja to fix what happens at the local level who now earns humongous allocation. To put numbers to it, I was shocked to see my small LG who earns around 150m before now getting around 760m in March and over 500m in February...the LG doesn't look like one that receives 100m....why should the focus be on Tinubu here? If only the states recieves half of the attention we put on FG, we will be better off as a country.

FG should continue shedding its weight and i like the new law around state controlled policing architecture and also now states taking control of its energy needs...we should continue to decentralise and demand more from the states in my own opinion. And as far as I know some states are already making some moves on this already...if we have just 10 states having their own mini grid...a win win for Nigeria as a whole.

Apologies for derailing the thread.

ppogba:
The problems are meant to be solved. Besides, a customer is not interested in the excuses afterall the power supply is not for free.

Abi na Adelabu dey in charge of Aba Power ni?

ppogba:
I am yet to see a state that has taken tangible steps to enviable position in the power sector only to come out and claim that it is the gas that the FG controls that is preventing it from giving adequate power to her residents and indigenes. If there is any that says it is the grid controlled by the FG that is the stumbling block, kindly let us know.

God1000:
Almighty iran, the lion of the middle east has taught america an unforgettable lesson of the 21st century

chimex38:
Further good news
https://nairametrics.com/2026/08/27/opay-plans-listing-on-nigerian-exchange/

megawealth01:
Tax that won't help the masses 😞

megawealth01:
I thought was 14 they said they would pay ni? I got 9 naira

Namigotalktru:
When they tell you people go to school you think it is abuse.

Zionists do not believe in God. They are Europeans from Poland, Russia, eastern block and more recently US, France and Germany and UK. That is why they hold foreign passports

They started mass migration to Palestine when oyibo in Germany were cooking them in ovens and gas chambers.

Palestine was one of the few countries to accept them. US turned them away along with many countries. They even wanted to settle in Uganda but God saved us

They hate everyone, they hate real Jews- the ones happy to live with everyone in peace, they attack them, they hate Christians as they have been showing from Lebanon, Gaza/Palestine and the occupied territories. They are criminals and by the Grace of God all the evil seeds they have sown will bloom in the not too distant future. Their same oyibo brothers will do the same thing to them that made them run from Europe in the first place.

It’s only a matter of time

Anywhere you hear there is unrest or terrorism in this world they are at the centre of it for no reason but money

ppogba:
I am yet to see a state that has taken tangible steps to enviable position in the power sector only to come out and claim that it is the gas that the FG controls that is preventing it from giving adequate power to her residents and indigenes. If there is any that says it is the grid controlled by the FG that is the stumbling block, kindly let us know.

FreeStuffsNG:
Israeli court acquits settler who assaulted French nun in Jerusalem


https://www.youtube.com/watch?v=jP2UNU4zrjw?si=B6t_UMg_sq5tQmf7



https://aje.news/l5td90?update=4886994

Pakute:
https://punchng.com/fuel-subsidy-proposal-may-scare-investors-impi-warns/

faoogoke:
Mini grid is the way to go. By the time some states starts generating and transmitting their own electricity, national grid wont matter.

Over time, National grid will be dismantled without being dismantled.

On the role FG should play. I expect Peter Obi and Atiku to push for federal financial support and guarantees for states to construct power

plants.

KarlTom:
I beg to difer sir! The FG does not control ALL the gas.

Bayelsa State signed a gas supply contract with Oando recently for a 60MW Plant.
Oyo State has a IPP.
Abia State is concluding plans for theirs
Lagos State etc

KarlTom:
@the bolded

Are you referring to the same FG that took their HQ (Aso Villa) off the grid?

C'mon!

lawani:
Before Tinubu this VAT you are talking about was not up to five percent of revenue. If Tinubu can make VAT and CIT the majority of federal revenue in a few years then states can and should make PAYE the majority of their own revenue too. If they do that they can't claim the FG has more resources than them. Personal income tax is the leader in working countries. Lagos, Enugu and Rivers are doing it already. Any state that takes what it has right to take as the FG under Tinubu took VAT and CIT will in one year be able to do anything on its own.

ppogba:
The new electricity law has opened the way for solutions to the power problem. When people shout that the sub nationals are not doing enough, critics are ever eager to defend them. The barges you talked about, what stops the states from acquiring them especially with the law that has decentralized electricity generation and distribution?

I can bet you, If a state government provides 20 hours electricity to its citizens, the noise alone will spur neighboring states to action.

ppogba:
The new electricity law has opened the way for solutions to the power problem. When people shout that the sub nationals are not doing enough, critics are ever eager to defend them. The barges you talked about, what stops the states from acquiring them especially with the law that has decentralized electricity generation and distribution?

I can bet you, If a state government provides 20 hours electricity to its citizens, the noise alone will spur neighboring states to action.

faoogoke:
Peter Obi and Atiku are saying they will remove subsidy. Sowore too.
But have they and other Nigerians supporting this idea thought of the scenario that could unfold that is typical of Nigerian?
If fuel subsidy is returned today, to the shock of many prices will not be significantly affected and fuel queues will return.
Transport cost would also not be significantly affected neither would house rent, food and school fees.
And of course many state governments would not be unable to meet their financial obligations to workers and the state.
Those Nigerians would wish subsidy was not returned.

Itzlinda:
That is not feasible. It takes 3-4 years of efficient construction to build gas fired thermal plant. This is not possible before election.

I do not think there is anything that can be done. Such project ought to have started when he first took over, even if it had started at such perfect time it would not be be ready for commision now.

I think we should be realistic of what government can actually achieve so that we won't be running around circle from one fail promise to the other. even obi said power cannot be fixed in 4 years.

Agbalowomeri:
ACCESS appears technically set to move on the long term

Needs a weekly and monthly close above 29-30

GeeKudi:
The dollar illusion.

N20m may build you a home in Ekiti, $15k can't anywhere in the US.

ogododo:
"Before I came here, 27 states are unable to pay salaries"

President Bola Tinubu has criticised Atiku Abubakar’s vow to reverse the subsidy removal, describing it as a demonstration of “serious ignorance on governance and economy.”

Tinubu, spoke while receiving the re-elected Governor of Osun State, Ademola Adeleke, at the State House, Abuja

Thoughts?

#NigeriaInfoMCF

"Before I came here, 27 states are unable to pay salaries"

President Bola Tinubu has criticised Atiku Abubakar’s vow to reverse the subsidy removal, describing it as a demonstration of “serious ignorance on governance and economy.”

Tinubu, spoke while receiving the re-elected… pic.twitter.com/V8soE5RshE

— Nigeria Info FM 99.3 (@NigeriainfoFM) August 21, 2026

Itzlinda:
Not at all. They are in severe pain and hardship. Their main source of livelihood used to be Agriculture in large scale. Now bandits have taken over the farm lands and bushes. The bandits would wait for you to finish managing the farm and would kidnap you at the time of harvest.

If the value of the estimated harvest is 10m they will demand 40m from you as ransom.

It is really sad experience. Many have migrated from the state to the neighbouring states. It is painful experience

RandDigital:
These shameless business owners should be visited upon by labour inspectors and arrested/heavily fined. All along they were relying on illegal migrants and paying them peanuts.

What stops them now from hiring South Africans if not because they're exploitative? One spoke of several foreign nationals who packed stock- is that a critical skill or something that young South Africans can't do?

Itzlinda:
I know 40 billion naira is nothing to Abdulaziz yari. It is something he can repays from his personal pocket.

2026 eid alone. He bought and distribute more than 2 billion naira Ram to his constituents and associates. The man too guide

SonofElElyonRet:
@mikeapollo

Agbalowomeri:
Why you add N2?

deathwing:
Why won't it happen? He has already filed and even gotten underwriters for about $400m of the sum. Current news says the IPO will end in Oct, so I assume Sept/Early October. I'm working with publicly available information.

KarlTom:
UBA & GTCO also seek extensions for filing H1 '26

Oasisblue:
I have heard so many theories: from T1settling scaring off FPI, to FG bonds rate becoming more attractive than NGX to people selling off their stocks to hold the cash for Dang Refinery IPO, to politicians selling off their stocks to invest in 2027 elections, etc

I dont know what to believe, It was most shocking to me when UACN(?) posted record revenue and profits and the market reacted by the stock price dropping.

faoogoke:
I dont think anyone can really explain share price or fall on NGX. None ever convinced me.
People cook up reasons even though many atimes the reasons dont add up.
It is just the unique way the market is.