₦airaland Forum

deomelo:
It is very very and more than logical to blame PMB for any decision made by him directly of any part of his administration including ministries and agencies.

The buck always stops with the president and the president is always responsible for all the decisions made by the people he hires and that serve under him.

I know leadership 101 is not your forte, but try to look into it for proper education per leadership and responsibility.

Pele o.

I hope you won't forget this post, if Nigerians blame Buhari for Poor health care, falling education and bad infrastructure.

Mr leadership 101

SBG04:
Sir the question we should be asking is that why did Sam Amadi who was paid very fat bonuses (incredibly fat) as chair of the NERC and knowing fully well about the credit constraints in the power sector openly admit today that he kept tarrifs down? What was the economic, logical, or sensible reason for that? Someone complains to you that he doesn't have money to work with and you cut his two hands off and tell him you're helping him. Where on earth is the sense in that? So in keeping with the topic of the thread, can you now see why Fashola said it was a political decision by Jonathan?

Now read this.

Just like the Board of Governors of the Central Bank of Nigeria does on monetary policy. Every tariff we have issued from 2010 to 2015 did not receive or require the approval of the president; only NERC Commissioners decided on these.


Before issuing MYTO 2.0, we debated on what to do with the collection losses of DisCos from consumers. Two schools of thought then emerged among the commissioners: One, supported by most Commissioners, wanted the collection losses to be reduced to zero or to the low level of the pre-privatisation DisCos. The other school wanted us to keep it as contracted by DisCos and the Bureau of Public Enterprise, even as it skyrockets the tariffs. After much debate, the overwhelming position was to reduce the collection losses. When the draft of the tariff was issued, the DisCos protested and the commissioners had a rethink, revised the model and issued MYTO 2.0 that saw more than a 180 percent tariff increase for a number of customers in some DisCos.


Manufacturers and other customer groups protested this astronomical hike in prices and sent in a formal petition. NERC’s business rules require it to reconsider a tariff when an aggrieved customer petitions it within 60 days of the issuance of a tariff order. On the basis of the petition, NERC held a public hearing at Sheraton Hotel with all DisCo heads and some consumers groups,


The NERC technical team recommended that the collection losses should be set at zero and that any DisCo wanting to have collection losses above zero should apply, with evidence of its diligent efforts to control losses. This recommendation was presented to the industry meeting where the DisCos totally rejected it, expectedly. The NERC commissioners nevertheless approved it through the usual process of decision-making and consequently reduced the revenue requirement of the DisCos, which then resulted in lower tariffs for most customers

Note:
This DISCOs has been receiving funds from the government, even while they are charging the customers high tariffs.

Any DisCo wanting to have collection losses above zero should apply, with evidence of its diligent efforts to control losses.

Why didn't the DISCOS apply.

deomelo:
One of the most senseless and meaningless rubbish on NL. No sense and logic at all.

Is it LOGICAL to blame PMB or Acting Oshinbanjo for the Action/inactions of the Ministers?

SBG04:
My felow BNSITL don't disappoint me please. We (stock inclined people) are supposed to be research minded people. That court order you spoke about that was given in 2016 was upturned last week by the Court of Appeal. The court ruled that The lower court shouldn't have arbitrarily given that injunction without hearing from the NERC first.
Secondly like I've reiterated severally on this thread. There was absolutely no reason for the NERC under Jonathan to keep the tariffs low. It couldn't have been economic because we all know the GENCOS were dripping with debt. They were buying gas in dollars and get paid for electricity in Naira from a value chain funded by the inefficient DISCOS. You and I know about the woes of Transcorps plant in Ugheli that has been eating all Transcorps forex and preventing the company from declaring dividend for 2years running now. So in the midst of all this we have Sam Amadi coming out to boast that he as Ex chair of the NERC decided to keep tariffs low! How can a parent complain that a teacher failed his child when everyone knows (even the parents kbow) that the child never reads. How can Sam Amadi claim that he didnt allow tarrif hike because the DISCOS were not supplyibg anything when the reason for the poor supply in the first place was lack of funds for the GENCOS to buy gas!!!! You see how unreasonable their argument is? It could only have been for political reasons.

Well I am just knowing that an Appeal court has overturned the Judgment.

But let's consider this facts below.

1. The biggest debtors to DISCOs today, is the government. And that's why they can't pay the GENCOS

2. Most of this DISCOs lack cooperate governance, they're not paying their due to GENCOs, even after using estimated billing on customers.
So, how are we sure this DISCOS will remit payment to GENCOS is tariffs are increased.

3. The reasons we're buy Nigerian Gas in dollars is due to an agreement between Nigeria and the JV partners at Bonny Island.
And I expect the current govement to review that agreement.


Finally
I expect the Govement to release the funds they promised the GENCOS, and make sure Gas is sold to Nigerians in Naira.

But the DISCO must be handled with iron- fist, because those guy will always divert funds, the turnaround and blame the Customers, govement and GENCOS.

Someone should tell Minister, most Morocco is the Hollywood in Africa. Most Hollywood producers make thier films in Morocco.

SBG04:
You people are ignorant because you have simply refused to read. Nigeria has several power plants scattered all over the country. The agency responsible for increasing tariffs in Nigeria is the NERC. When tariffs were supposed to be increased in 2016 in tandem with the Power sector reform plan for incremental electricity and incremental tarrifs. My some Nigerians took the NERC to court and got an injunction halting that tariff increase. The Court of Appeal upturned that ruining recently and the NERC is free to increase tariffs now. So oga please the tariff was never increase before. And stupidity is expecting to enter a danfo bus and enjoy Air conditioning. If you want a luxury ride get an uber and pay! You want 24hrs electricity and want to pay peanuts in return. In which country is that practised? For the umpteenth time, Nigeria has serious power challenges today mainly because GENCOS are not financially buoyant enough to get dollar denominated gas supplies. They can't afford to buy gas in dollars and collect tariffs from DISCOS in Naira! The Nigerian Bulk electricity company which is supposed to bridge that cash loophole and act as an intermediary between the DISCOS and GENCOS is only just being supplied with cash. And the we have a former NERC head boasting that he and his board deliberately avoided increasing tariffs during Jonathans time for no reason known to logic when GENCOs were practically insolvent and in credit crisis.

My friend stop defending illigality .

1. Fashola lied that GEJ reduced electricity tariffs for political reasons

2. NERC debunk that lie, saying tariffs reduction was due to bad electricity supply from DISCO.

Now tell me why you are supporting higher tariffs, when we are getting poor electricity.

Do you know, there's a court Judgment against this increase?

hakeem4:
How will they allow el- rufai to be the VP of Nigeria in the first place

Secondly, how will 2 short people lead Nigeria. Don't they want us to reach greater heights

LOL two short poeple

If Acting President Osinbajo Were Hausa Or Fulani... Yoruba Ronu It's Time To Go! By Bayo Oluwasanmi
http://saharareporters.com/2017/07/14/if-acting-president-osinbajo-were-hausa-or-fulani-yoruba-ronu-its-time-go-bayo-oluwasanmi



The economic melt down, unrest, protests, violence, the long intractable poverty, the sense of hopelessness and helplessness, the leadership vacuum created by the hospitalization of President Buhari, and the tyrannical abandon of problems facing Nigerians by the do-nothing National Assembly have spurred the long-dormant spirit of activism. The snowflakes, it seems, have whipped up a snowstorm.

Lately, Yorubas are being terrorized from all angles by the Hausas and Fulanis. The Fulani herdsmen are killing Yorubas like flies. Even the Acting President Yemi Osinbajo was not spared of the incursion of the Fulanis. He's being harassed, intimidated, insulted, humiliated, taunted, and turned into a ping pong ball by Aso Rock Hausa and Fulani cabals led by Bukola Saraki. The latest plot by Saraki and Aso Rock cabals published July 5, 2017, by SaharaReporters headlined “Aso Rock Cabal, Senator Saraki Commence Sabotage of Acting President Osinbajo As Buhari's Health Crisis Deepens” detailed how Saraki in an unholy alliance with other reactionary forces at Aso Rock plot to unleash tsunami of political upheavals to dislodge Osinbajo from assuming full presidential powers. On the confirmation of Ibrahim Magu, the EFCC Chair, the Attorney General of the Federation Abubakar Malami, said Osinbajo's statement on the issue didn't reflect the collective decision of the Federal Executive Council. Though, Malami had since denied the statement.

It bears repeating that were Osinbajo a Hausa or Fulani, he'll never have been subjected to such trauma and torture. It's troubling. It's dangerous. And it's saddening. What further evidence do we need that Nigeria isn't one country? What more reasons do we need to justify Yoruexit from Nigeria? It's in the best interest of Yorubas to start working on ways and means to disengage from Nigeria.

Like I have argued many times, it's too late to save Nigeria as is. In other words, the continued existence of Nigeria as one nation is beyond “restructure.” I believe the only way out for Yorubas is to hasten their exit from this hell hole called Nigeria. Anything short of that is unacceptable, unrealistic, and unworkable. We don't have to ask for anyone's permission to leave Nigeria. We don't have to wait for the primitive, decadent, hostile, system to evolve or for bad laws to change. In the best interest of direct action, we have to walk out of this pit of hell – now! The reckless political provocation by the Hausa and Fulani Aso Rock cabals should stretch Yoruba political imaginations. Yorubas are known to be tolerant, accommodating, liberal and refined. However, being reasonable and civilized should not be exploited by the Hausas and Fulanis. Of course, we have corrupt and selfish politicians among us. In the new Yoruba nation – Oduduwa Republic – We'll take care of the corrupt ones among us. We'll cut their wings. We'll tame them. We'll uproot them from our midst.

When we talk about secession, separation, call it any name, some Nigerians are uncomfortable acknowledging the contradictions, crises, and confusion in which a divided one Nigeria has been submerged for 58 years. When confronted with the reality of Nigeria's 58 years of misery, the apologists of one Nigeria have no cogent and convincing reasons other than tirade of trite cliches: “It's costly and destructive to break up,” “bigger is better,” there's strength in diversity,” “we cannot go it alone,” “we have much to lose than to gain.” And on, and on, and on. They conjure up these imaginary ghosts to justify the self-serving present. They forget we cannot erase or cover up the historical dystopian reality of Nigeria.

Why Yorubas Can't Wait

We waited 58 years hoping for miracles. It never came. Meanwhile, as we waited for a better Nigeria, things have gotten worse. Our education system once the envy of the world has been dismantled and mutilated. The curriculum has no content, no rigor, no substance, no value, no philosophy. It's an empty shell. As we waited, disparities in wealth increased with the looters prospering and the poor starving. The long running poverty slaughtered and uprooted as it were, the present generation and generations yet unborn. The persistence and prevalence of untamed corruption and infectious poverty daily consume our people. Inflamed ethnic rivalries and religious intolerance grow daily with intensity among the poor. It has fostered distrust and festered old ethnic prejudices.

As we waited, the excesses, evils, injustices, and wickedness of the ruling class have further chiseled the great divide between the haves and have nots and have collapsed our civilization and culture. Our society has been turned into a Hobbesian horror that a normal person must escape. An extended mediation of Nigerian maladies has turned citizens into a surviving appendage that begs for life support. As we waited, Nigeria remains a country of misery characterized by a rainbow of misadventures. The citizens of a country blessed with the world's most abundant resources live in one of the worst places on earth. The federal system of government has been rendered useless, ineffective and made impossible to work. It's a failure. It's a tombstone. It's fragile foundation built on a corrupt and deceitful Nigerian political model that doesn't make sense.

As we waited, Nigeria has turned into a jungle alien to rule of law, where might is right and where injustice reigns supreme. Nigeria provides a textbook example of a country being governed by fools, idiots, thugs, looters, and ignoramuses. These elected ruffians and con artists are the real enemies of our people. As we waited, Nigerian unskilled poor have exchanged rural poverty for even deeper miseries of the shanty towns with disaffection-filling movements. The swelling urban mobs, abductors, rapists, armed robbers, kidnappers, and hired assassins in the ghastly alleys of Lagos, Abuja, Port Harcourt, Onitsha, Kano, Benin, Otuoke, etc., are unchecked, disregarded, left to grow and fester.

You see, we've waited for 58 years. Every death hurts. Every impoverished Nigerian enrages. Every jobless Nigerian is a walking dead. The God given blessings for Nigeria are not shared or enjoyed in common. Justice, liberty, and prosperity are exclusive illusion of the poor. The sunlight that brought light and healing to the few, has brought stripes and death to our people. While the ruling class rejoices and relishes for one Nigeria, the poor are in perpetual mourning in the same country.

Can you hear the mournful wail of million of Yoruba youths whose lives are being wasted before our eyes and whose lives are being cut short by cheap preventable deaths? Can you see the bleeding of sorrow from Yorubas - the hungry, sick, helpless and hopeless children turned scavengers roaming the streets looking for food in the garbage dumpsters? Can you see Yoruba young girls turned prostitutes for lack of jobs and opportunities? Can you see Yoruba young men turned armed robbers as a result of being uprooted by poverty and precarious life? Can you see Yoruba gaunt, haggard looking senior citizens badly squeezed by hunger and disease and nowhere to turn?

Nigeria is false to the past. Nigeria is false to the present. Nigeria is solemnly binding herself to the false in the future. Nigeria is ruptured and fragmented. Lives of Yoruba people are split open like water melon ravaged by poverty served loosely together by jagged stitches of fear and insecurity.

Can you see the Yorubas...running helter-skelter from pillar to post … confused and in disarray, groping, gripping, dripping in the dark … See... Can you see...? Enough is enough. It's time to go!

bjoluwasanmi@gmail.com

Their Eyes are getting clearer everyday

0b100100111:


FFK and Fayose?

Both re not humans but animals!

They should not in anyway be affiliated to a tribe if not Biafran

Tell your Arewa friends that the apolitical Yoruba Nation is not afraid of the North.

Arewa warned all Yorubas, you are busy calling FFK and Fayose, you APC guys are cowards.

MrMcJay:
And Awoniyi is an hardcore hausa/fulani name. Are you happy now?

Alhaji Ibrahim Kolapo Sulu Gambari 11th Emir of the Ilorin Emirate

Ibrahim Kolapo Sulu Gambariand hardcore hausa/fulani name. Are you happy now

flexshop:
Una Oga cabal well done,
By the time Una deal with Oando shares finish e go dey breathe for N2 support

Oando purnimant is still doing press up.

Kachikwu clashes with Tinubu over Port-Harcourt refinery

The Minister, who appeared before the Senator Abubakar Kyari-led ad hoc Committee on the Planned Concession of the Refinery rebuffed Tinubu and disowned statements credited to the latter which implied that his company (Oando) has been granted concession for the Port Harcourt refinery.

After accusation and counter accusation between the two, the Senate and the federal agencies handling the nation’s oil refineries on alleged move to concession the Port Harcourt Refinery, all parties settled for revamping, rehabilitation and maintenance of the refinery along with others through what they termed, sourced financing from private oil firms.


Speaking further on the state of the refinery, Kachikwu who noted that $300 million would be required to repair it, said that it was better to engage the company that built the refinery in the first instance for its repairs, .......................................
http://dailypost.ng/2017/07/13/kachikwu-clashes-tinubu-port-harcourt-refinery/

MrMcJay:
A man named Sunday Awoniyi was once the leader of the Arewa Consultative Forum.

That being said, it's very unfortunate that with the way youths of this country are throwing threats and counter-threats, it appears they are more prepared for disputes than development.

Sunday Awoniyi is from Kogi

Kogi and Kwara are not considered as SW states.

9jakohai:
1.Fashola can't line his pockets from power because of privatization (DISCOS and GENCOS...remember...since 2014).

2.Despite the increases...the money needed to fix power in Nigeria is huge. TO wit...we need to find $300bn to spend in the next 3 years to guarantee light 24/7. (ten times our current external reserves).

3.And banks won't lend to DISCOS and GENCOS...plus their suppliers....even Nigeria Gas Company....want to be paid in dollars...not naira.

You probably forgot that the DISCO'S biggest debtor is the Government MDAs.

And most of this DISCOS lack corporate governance.

fxuser:
wicked ! loll

We all know the OandO is a big ponzi scheme.

fxuser:
down -9%
over reaction ?

That stock should be selling @ N3

His sponsors will be hiding now.

feelaaG:
BREAKING: @SECNigeria investigating @Oando_PLC over possible accounting misdeeds, shares structure after $1.65bn cash buy of #ConocoPhillips

Na today OandO day manipulate their books?

seunmsg:
Nationalist positions like this is what youth groups in the country should promote and not division and hateful speech.

Is Comrade Elliot Afiyo in Ogun state a Northern Youth?

Northern Youths in Ogun State. What nonsence.

NCC regulates tariffs for Telecom companies.
Fashola should tell NERC to do thier jobs.

The govement can and should regulates energy tariffs
.

The middlebelt if finally waking up.

That man don't look young to me

Revolva:
FOR NAIJA ALL SUV NA Jeep rememeber LMFAO

LOL, na true you talk.

Brymo:
the fastest suv, 0 to 60 in 2.9s

For SUVs, horsepower is more important than speed.

Grand Cherokee might not be father than the BMW.
But the horsepower is important for off-roads.

Intendy:
http://www.prudential.co.uk/news/news-releases/2017/12-07-2017a

Great news for Zenith Life.

Is Zenith Life a subsidiary of Zenith bank .

zendi:
Fear no go let you touch am.
You go think say seplat don catch HIV.

Intendy:
Lol.I'm sorry sir

I know it's typo.

But i wish that price is real.....

Intendy:
stock with new 52 week lows

UPL #2.92k

stocks with new 52 week highs

cutix #2.25k

seplat #4.70k

Oga Intendy

CONOIL