₦airaland Forum

nairalanda1:
The problem is not from Abia state, and please note that I am not an indigene of the state, nor am I igbo, nor am I a fan of Otti, and I am not exactly fond of governors who people praise too much

Pricing of power is set by government. And the subsidies paid are not enough to cover losses. The result is a sector that is not commercially viable.

Experts over the years have said it over and over again, that we have to allow the sector set its prices. But government responded with silence, then with the band system...which has been tried in India and has not worked, so India would be removing subsides in 2028.

People dey do things for money. SO long as not enough money is being made due to government mandated price controls from Abuja, this problem would persist.

Same issues with all our discos and gencos.

The Federal Government has stopped paying electricity subsidies in 17 states that have received full regulatory oversight of their electricity markets from the Nigerian Electricity Regulatory Commission (NERC) under the Electricity Act 2023.
The shift, confirmed by a source in the Budget Office, means state governments are now responsible for funding any gap between the cost-reflective tariff and what consumers pay within their territories.
Abia happens to be part of the states with Electric Market Autonomy trust me we experienced failures and disruption in the past but the past 3months has been hell for businesses and livelihood in Abia

nairalanda1:
The power supply issue is not the fault of the state government or geometric power.

The power supply issue is the fault of a decades long government policy of underpricing power, and subsidsing power.

Prof Kingsley Moghalu warned about this in 2020



Only a minority of people in Aba pay what can be called a cost reflective tarrif under Band A, most of the rest do not pay a cost reflective tarrif. To make matters worse, geometric power does not get subsides from government, not that it would help.

The result is a sector that is operating at a loss, on a continous basis, and it gets no subsidy to cover that loss. It cannot pay the bills of the gas supplier adequately, and pay staff salaries, and the result is issues in power supply, because the gas company cannot make enough money to cover it's operational costs, and other costs.

Whatever anyone thinks of me, you cannot be forcing companies to operate at a loss and expect premium service. Anytime government sets prices for any product in Nigeria, the result is that domestic industries producing that product collapse.

Government used to supply sugar under ESSENCO, and the result was that by the end of the 1980's we had no strong enough domestic sugar company in nigeria. For a long time most of the sugar consumed in the nation was imported. Now we have a decent sugar industry.

As painful as it is to accept, until government and NIgerians stop lying to themselves, and accept that we got to pay a cost reflective tarrif for power so that power companies can have enough money to quicky pay for maintenance and operational costs, we are going to face this problem for ever and ever.

Ghana and Ivory coast charge cost reflective tarrifs, why can't we?

Stop blaming the Federal government other states regulating their electricity markets are not complaining why is it in Abia that we face unwarranted disruptions and total blackout,ABA power mismanagement needs to be curbed not to talk about the increased state budget, a staggering 38billion naira and other FAAC allocation that run in billions.question yourself if that is not enough for Alex Otti to call this disastrous and disturbing situation to order .

rossipki:
NA WA O...

I THOUGHT THEY SAID THIS MAN WAS WORKING, AND THAT ABA HAS 24/7 POWER WITH ITS OWN POWER GENERATION FACILITIES ETC ETC?

WHAT HAPPENED?

Aba power has been mered with irregularities and mismanagement,which has resulted in shutdown and destabilisation of so many businesses in aba.Alex Otti's work is only evident on social media people in Aba can testify,we are fed up with the audio projects.

YouandiAllofus:
Really?
It's like you've not been in the online space for long, else you would have come across a lot of praise singing post about your governor on several occasion.

Otti only works on social media his industrialisation agenda is zero and he has successfully scared of prominent investors in the state and Abia state belongs to Abians not just obidients
News is flying that he is using state funds to fund labour party activities across the state which is wrong in ethics and fair governmental principles.
Our votes will count come 2027

YouandiAllofus:
Dis long episode na for our performing Alex Otti? The same governor that the obidients want every other governor to emulate?
Omo mhen. Nigerians, ona nor really get chillz...
One minute you are the best, the next minute you are the worst.

It's like you don't live in aba, residents are complaining and mind you it's not fictional
Abia is not better than any neighbouring state I wonder why you're saying performing governors to emulate Otti that is failing us

It's no longer news that Aba residents have been experiencing severe shortage and outage in power supply for months now and Alex otti is doing little or nothing about it
the severe outage experienced in months have led to the destabilisation and shut down of so many medium & small scale business who couldn't cope
Abia residents have been dastardly affected by the lacklustre and mismanagent of Alex Otti and his administration
Mind you Abia state Governor Alex Otti receives a staggering 38billion naira monthly against the 5billion naira the past administration received,yet the power sector and other key infrastructural sectors are underdeveloped with several investors in doubt.
Alex Otti's administration has been mered with so many irregularities their lacklustre and inefficiency have affected businesses and livelihood across the state.
Aba powers recent abysmal failure in properly handling power distribution across aba region can't be neglected
Abia needs an innovative,transparent and industrious leader with the ability to tackle complex situations
while in umuahia residents are complaining about outrageous, unbearable and unjustified billing not regarding the shortage in power supply which they have been battling,most umuahia residents are on estimated bill.
Abians are fed up
They will have their say on the ballot soon and mind you it will count.

Cool

MTN users howfar 😁😁

MarkNsukkaBread:
Someone who understands these betting jargons should come and explain to us what this guy is talking about

Betking absconded with my winnings but I'm still hoping a miracle might happen I'll be done with them soon

As betking withold my funds I still Kari this multiplication hold body

Betking don collapse all my accounts with them except one with the funds after calling them out I go report them to Nigerian lottery commission I dey pile up the money see multiplication I still chop today

Betking think say them go run away with my funds I even chop them multiplication today i dey plan port go sporty but them go hear am

Jakarta:
Didn't you agreed to their T&C when you signed up? Only you 3 accounts with one bookmaker and you didn't even covered your track. Kpele the Nigerian lottery commission can't help you here, you clearly went against the bookmaker's rules, unfortunately ignorance is not an excuse.

Why didn't they terminate the accounts immidately after signup after placing bets and winning they terminate my account even planning on absconding with the funds
You can keep the accounts and return the money it's simple

How about betking that will block your account if you win
Wan chop your money
Nah Nigerian lottery commission go settle our case

I don't know what is wrong with betking how can you close an account with funds and winnings just like that out of 3 they have succeeded in closing 2 with all the funds in it.
I'm lodging a complaint to Nigerian lottery commission if there's no positive dialogue in recovering my funds & I still have active bets on the account.

Jakarta:
I strongly believe your funds will be refunded excluding your winnings if you follow them up. If na 1xbet and her countless clones you for submit documents tire, still shishi you for no see.

I pray ooh

Betking finally deactivated one of my accounts after calling them out &making their schemes known I don't know how they traced it besides I have reasonable amount left in the account.

Betking no dey try at all

Jakarta:
Talk they say is cheap, no be internet again? Everybody na guru for internet. But a punter that doesn't know that multi accounting is against a bookmakers T&C screams newbiesh to me.

For me the reason why I'm not making lots of millions from sports betting is because I can't find enough betting accounts with bookies like 1xbet, betwinner, bet365 to place my bets. They will frustrate you by either restricting your stakes/odds, not pay you your affiliate commissions, or even close your accounts and withhold your funds. If I may ask what is stoping from making your own millions with sports betting?

You talk like an inclined bettor but a bookmaker tailoring down an odd just for you sounds odd but it's possible because I've experienced it and sometimes you can't even find a fixture.but you know no matter how smart a bookmaker thinks they're there are stragies they can't escape.

Jakarta:
Talk they say is cheap, no be internet again? Everybody na guru for internet. But a punter that doesn't know that multi accounting is against a bookmakers T&C screams newbiesh to me.

For me the reason why I'm not making lots of millions from sports betting is because I can't find enough betting accounts with bookies like 1xbet, betwinner, bet365 to place my bets. They will frustrate you by either restricting your stakes/odds, not pay you your affiliate commissions, or even close your accounts and withhold your funds. If I may ask what is stoping from making your own millions with sports betting?

In as much it's awesome to beat a bookmaker which I enjoy most but you know the mood swings that comes from betting.worst if you're an addict I rather beat them for prowess and multiply my money in my free time

Jakarta:
You are new to betting I guess, with soft bookmakers like betkings winners are not welcomed, they boldly say it, that they are meant for recreation punters, not professionals, else smart bettors will be printing money with them. Beating soft bookmakers like betkings is not that difficult but they will kick you out by closing your accounts.

By smart bettors I mean those that consistently beat betkings CLV, and exploit their over priced odds, not those that win 10k today lost 100k tomorrow. As a professional punter, you can never cover your tracks, because the odds on which you place your bets will always give you away, know this and know peace.

In strategy preventive protocols are always welcomed..
I have played so many bookmakers and I can confidently tell you ,if you read the game well you would have an edge.there are stuffs I can't mention here

If you're an avid bettor you should know bookmakers monitor winning accounts especially if you play virtual on mobile..
I don't know your Calibre but it's better to move undetected after winning
They should have collected the staking amount let me see how owning two accounts would have saved them
Nonsense!

VicM6:
Leave am...shebi na just small change dem carry dats y him dey see english type.....if say betking carry like 200k now him eyes go clear

Your ignorance is thinking owning two accounts is the reason they absconded with my winning they should have domiciled any of the accounts if they contradicted,but they didn't.if i had lost what do you think would have happened ?

Jakarta:
See how you balance dey display your ignorance. Having multiple bet accounts is against all bookmakers T&C. And it is clearly stated in their T&C that multiple accounts will lead to account closure, and withholding of your funds.

I would like to know how owning a shadow account is wrong show your bookmakers terms and conditions on having another account

They should have notified me and their approach was ethically unprofessional not terminate a winning.know the difference there was no dispute of account ownership no problem withdrawing funds.

See single multiplication I collect that fateful Sunday before their nonsense start

Imalwayshorny:
Sure

What are their names

Imalwayshorny:
Helabet also are scamming their customer of their hard earned money I'm a victim

Is there any appropriate government agency tasked with dealing with betting companies

last Sunday I was bored and I decided to log in to betking and kill time as usual
betting is not guaranteed but I win although sometimes I loose but I win
Here's what happened I have multiple betting accounts with betking which is not wrong to own
I wanted to bet on normal matches but the selections I saw wasn't guaranteed based on my algorithms then I decided to switch to something quick and instant their virtual soccer league(Master) and play multiplication
Initially I lost the first bet then I switched to my other betking account and placed bets again on soccer virtuals then won.I continued to wait for the perfect time to multiply my money again.
Then the right time came and I placed a bet this time multiple selections and I monitored it, only to win and betking refused to credit my Winnings the amount I won wasn't added to my balance
There's no record of the betting ticket on my account least they could do was to refund the staking amount how selfish and unprofessional they can be,I've not been happy about it.
I'm not an addicted gambler I do it for prowess but this involved risk and you shouldn't have tampered with my reward.
Photo attached
Here's a similar game I played that day (photo attached)it's not fair.

last Sunday I was bored and I decided to log in to betking and kill time as usual
betting is not guaranteed but I win although sometimes I loose but I win
Here's what happened I have multiple betting accounts with betking which is not wrong to own
I wanted to bet on normal matches but the selections I saw wasn't guaranteed based on my algorithms then I decided to switch to something quick and instant their virtual soccer league(Master) and play multiplication
Initially I lost the first bet then I switched to my other betking account and placed bets again on soccer virtuals then won.I continued to wait for the perfect time to multiply my money again.
Then the right time came and I placed a bet this time multiple selections and I monitored it, only to win and betking refused to credit my Winnings the amount I won wasn't added to my balance
There's no record of the betting ticket on my account least they could do was to refund the staking amount how selfish and unprofessional they can be,I've not been happy about it.
I'm not an addicted gambler I do it for prowess but this involved risk and you shouldn't have tampered with my reward.

StrongMike:
E be like this betking them dey jonze,dem slow sometimes

I'm still angry with betking I go try sporty see their swiftness and credibility.

Imalwayshorny:
If they sue you for this did you have proof or evidence

Evidence of my anger shebi,you think it's a fluke