Paraman's Posts
Nairaland Forum › Paraman's Profile › Paraman's Posts
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Rutherford2019:Lions are not lazy. A lion can win a tiger and a tiger can win a lion. It can go either way |
Khyrvxjzy:Any of them can win |
Wainey:He's an Ika man from Delta state |
jaxin119:I don't think children of politicians are still admitted into the NDA like before. |
Gabayo17:There are also southerners who don't deserve to be working there, they entered through the back door. |
PlasmaTV:Tinubu still has time. PDP met a dollar at #24. |
The Federal Government has raised the amount that it would save this year following the recent hike in electricity tariff for Band A customers to N1.5tn. It also stated that about 2.5 million meters would be installed this year in a bid to bridge the metering gap across the country and ensure consumers pay the right amount for electricity. On April 2, 2024, the Special Adviser to the President on Information and Strategy, Bayo Onanuga, stated that the move by government to withdraw electricity subsidy from 15 per cent of power consumers in Nigeria would save the government about N1.1tn annually. Onanuga had said the President Bola Tinubu-led administration was poised to allow the price hike in electricity given its N450bn budget for energy subsidies in 2024. But in a document on issues around the tariff hike, from the Federal Ministry of Power on Wednesday, which was made available by the media aide to the power minister, Bolaji Tunji, the government said it would save N1.5tn with the recent tariff adjustment. It said, “FG (Federal Government) to save N1.5tn with tariff adjustment. FG still subsidising Bands below A. Pricing change will help improve liquidity to the NESI (Nigeria Electricity Supply Industry). “Discos (power distribution companies) will be sanctioned for supplying less than 20 hours to Band A consumers.” Last week, manufacturers and the organised labour had kicked against the hike in tariff payable by about 1.9 million consumers, which was approved and announced by the Federal Government on April 3, 2024. Subsidy on electricity was withdrawn completely from the tariff of consumers on the Band A category, which constitute about 15 per cent of the total 12.82 million power consumers across the country. The government announced the hike in electricity tariff at a press briefing in Abuja by the Nigeria Electricity Regulatory Commission, adding that those affected would pay N225 per kilowatt-hour, up from the previous rate of N68/kWh, representing about 240 per cent increase. The government stated that the decision took effect on April 3, 2024, adding that Band A customers would enjoy up to 20 hours of power supply daily. However, there were several oppositions against the increase in tariff. Meanwhile, the power ministry stated on Wednesday that the target of the Federal Government was to meter about 2.5 million unmetered power users across the country annually. “The Presidential Meter Initiative aims to install a minimum of 2 – 2.5 million meters yearly within the next five years,” it stated. A September 2023 report by NERC showed that out of the total 12,825,005 registered electricity customers in Nigeria, only 5,707,838 had meters, indicating that over 7.1 million registered customers were still subjected to the estimated billing system. To close this gap, the Federal Government established the Presidential Metering Initiative, which was announced by the Minister of Power, Adebayo Adelabu, at a briefing in Abuja. Adelabu had put the metering shortfall at about eight million, but stressed that the Federal Government was committed to eliminating estimated billing by the end of 2024 and close the gap within the space of three to five years, through the new initiative. “Citizens are tired of estimated billing because it always leads to cheating between consumers, staff and company. Before the end of this year, we are looking at the possibility of ending estimated billing because we want transparency and objectivity in our billing system. “We have up to eight million metering gap in Nigeria and what the initiative seeks to achieve is to close this gap within three to five years. This means that an average of two million meters are required on a yearly basis and achieving the target is compulsory for citizens to enjoy stable power supply,” the minister had stated at a briefing in Abuja. https://punchng.com/tariff-hike-fg-plans-n1-5tn-savings-2-5m-meter-installations/?utm_source=telegram&utm_medium=social |
The Minister of Works, David Umahi, has said the government is constructing the Lagos-Calabar coastal highway at a total cost of N4bn per kilometre and not the N8bn per km reportedly claimed by former Vice President Atiku Abubakar. This indicates that the total project will be completed at the cost of N2.8trn. The minister also dismissed claims that the project didn’t follow the due procurement process, stating that the contract was awarded on a counter-funding basis and not on a Public-Private Partnership as widely claimed. Umahi disclosed this information when he appeared as a guest on the Television Continental News Hour programme on Wednesday in Lagos. Last week, the presidential candidate of the Peoples Democratic Party in the 2023 general election, Atiku Abubakar, questioned President Bola Tinubu administration’s decision to allegedly award the contract to Gilbert Chagoury’s Hitech without competitive bidding, daring the president to disclose the full cost of the Lagos-Calabar highway project. He also wondered why the Tinubu administration released N1.06tn for the pilot phase, or six per cent of the project, which begins at Eko Atlantic and is expected to terminate at the Lekki Deep Sea Port. But responding in a statement on Tuesday, Umahi explained that despite the soaring costs of materials in the construction industry due to commodity price inflation and supply chain disruptions, the ministry is committed to prudence, promising to reveal the true cost. However, in the interview, Umahi confirmed that the project would be completed within eight years, stating that with the use of concrete pavement on the four-lane carriageway, the project costs N4bn per km. He also explained that although N1.06tn was appropriated, the full amount had not been disbursed. The minister explained, “People are just building castles without knowledge and they don’t know figures, I will run the figures for you. We are going to compare the cross-section of the one the former vice president mentioned that was renegotiated for $11.1bn for 700 km. So you have to now ask what was there to be constructed. And what was there to be constructed is the only available design from NDDC. They had designed the entire 700 km but we are not following exactly that pattern or right of way. We have a different modification. The original design had two carriageways on each side of the road with four lanes. “And in the middle, they did not provide for the train track. It’s just going to be a water-collecting basin. But the coastal road we are constructing has a total of 10 lanes, you know, not only that it has a total of 10 lanes, it also have what we called shoulders. And the total shoulders can be put at about 23 metres. So when you put the total concrete pavement we are doing, it’s about 59 metres. When you put the total flexible pavement that he quoted it’s about 23 metres. “And so when you run the figures, you now find out that under his calculation, it is giving you about over N19bn per kilometre. Now if you divide it by the 23 kilometres that they are doing, it is about 2.225 times a standard superhighway carriageway, which is N11.55bn. Whereas what we are doing, if you divide it, you get N5.167bn, So when you now divide using our 1.067, you get about N4bn/km. If you go back to what he has quoted, you will get over N8bn. So using concrete, which should be more expensive because of the kind of terrain we have, and using flexible pavement, which shouldn’t stand the coastal route, you will find out that our cost is N4bn instead of the N8bn claimed by the former vice president. On the mode of the construction process, the former Ebonyi governor explained that the administration never envisaged the project under a Private Public Partnership arrangement but under an Engineering, Procurement, Construction and Finance programme as currently used on the Abuja- Markurdi road project. He said, “This administration never envisaged the project under Private Public Partnership. It has always been under engineering, procurement, construction and finance. And so under this kind of arrangement, as you have on the Abuja to Makurdi road project, the federal government is required to pay a certain amount for counterpart funding. And so in this particular project of Abuja to Makurdi, which is being handled by China Harbour, the government is paying 50 per cent counterpart funding. Then you have also from Makurdi to 9th Mile in Enugu state, where we are also paying 50 per cent counterpart funding. So, there’s a marked difference between PPP and EPC plus F. And in this particular project, there will be a negotiated counterpart funding of between 15 and 30 per cent “When I was a governor, I had the African Development Bank fund a project through counterpart funding and I used some of the money to build some sections of the road. So part of what we are constructing under sections one, two and three currently funded by the federal government will fall under the percentage counterpartfunding. When we finalise the negotiation, it will be between 15 per cent and 30 per cent. But findings by our correspondent showed that the statement is contrary to claims made by the minister on September 23, 2023, when he unveiled the design plan for the project. Speaking to journalists, the minister also said Hitech Construction would fund the project under the Public-Private Partnership model. Umahi said, “Let me announce that this project is under PPP. The Hitech group are going to look for the money. They have already found the money and that is the good news because we don’t waste our time talking and holding meetings and wasting resources.” “We are engaging seriously because we have seen the financial capacity and capability of Hitech and this project is going to be delivered in phases. Any section that we complete, we will toll it and then business and transportation will start.” Continuing, the works minister said the constructing company was only invited by the ministry based on their pedigree to construct the roads, adding that there was no public bidding process for the project. “We followed all procurement acts and the act permits the Federal Ministry of Works to invite a company that has specialised skill in a particular work. For instance, we have some problems on the Third Mainland Bridge with some underwater works and whom did we invite? We invited Julius Berger because they have the skill to the exclusive rights of theirs and we submitted a bid for it and we negotiated and awarded the job. Of course, we ran through the Bureau of Public Procurement and of course also to the Federal Executive Council. So it followed due process,” Umahi concluded. https://punchng.com/lagos-calabar-coastal-highway-costs-n4bn-per-kilometre-umahi/?utm_source=telegram&utm_medium=social |
ablejesus26:Please carry your useless self and explanation comot my front jawe |
Towncrier007:I pray some of you won't put yourself in trouble with the kind of comments you write on social media. If you're arrested and ask to prove this your comment, you will start crying and begging |
Their online curse no dey work |
garfield1:If Nupe are 50% of the population in Kwara, what about the Yorubas? Yoruba is at least 76% of Kwara population |
2shure:You get mind o boss. 120kph on a wet road |
I'm also backing Cardoso |
DMerciful:For supporting Obi, you shouldn't be the one accusing anybody of supporting a criminal oga |
Betta Edu should be allowed to go back to her position jur |
ablejesus26:Let me show you how shameless you are. Look at the Igbo OP post below FatherOfJesus:Look at Slytiger post below Slytiger:You left ablejesus26 comment which you first saw, then attack Slytiger Look at your hypocritical comment below ablejesus26:What's the difference between ablejesus26 comment which you first saw and Slytiger comment? Why did you leave ablejesus26 comment while attacking Slytiger comment? Shameless hypocrite |
ablejesus26:You left the Igbo guy comment without reprimanding him, but you started attacking the Yoruba guy who replied to the Igbo OP provocation. You and your brothers want to be attacking but you don't want to get attack back... Shameless hypocrite. |
ablejesus26:You have no shame bro. You left the Igbo tribalist but attacked the Yoruba guy who replied him You're a shameless hypocrite |
ablejesus26:Shameless hypocrite Look at his shameless comment |
ablejesus26:See the shameless hypocrite. You will see nothing wrong with your Igbo brothers comment, but always crying when other people try to defend themselves. |
ablejesus26:Only dull and chidish people like you believe in all this online curse. Hypocrites like you will wail till 2031. |
ablejesus26:hypocrites like you will accuse other people of what you're. |
Penguin2:So e pain you Ike this? ![]() |
tollyboy5:Obidients are hypocrites |
Oghene86:Tchewww |
The government must find a way to support Air Peace |
Oghene86:speak for yourself |
The Minister of Aviation and Aerospace Development, Festus Keyamo, said Emirates Airline will resume operations in Nigeria on or before June 2024.https://punchng.com/emirates-airline-to-resume-nigeria-flights-in-june-says-keyamo/?utm_source=telegram&utm_medium=social
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Omo |
He has a point |
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