₦airaland Forum

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I want to understand something those discos that were sold how are they fairing, in my state that uses BEDC is the worst.

muhdaliyuh:
Other nations only concession their critical infrastructures but nigeria sell it's own outrightly. Chaaaiiiii.
Lord let whom will fix this country tarry not to come anymore naaahhh
#BPE.
#NGF .
#FGN.
#NIPP.
#NDPHCL.

The madness started with Jonathan and his administration together with his online supporters telling us that government had no business being in business. They encouraged him to privatise power sector, now they too are enjoying paying higher tariff for the same darkness

They have sold virtually everything this nation has

Wow so u wished your dad never went into politics

maasoap:
The madness started with Jonathan and his administration together with his online supporters telling us that government had no business being in business. They encouraged him to privatise power sector, now they too are enjoying paying higher tariff for the same darkness

This is not true

Privatization started before Jonathan

It is better we sell them to private individuals if they can work optimally.

omonnakoda:
This is not true

Privatization started before Jonathan

Power sector! This is about power sector. I didn't generalise privatisation. Those before him left power sector out of their privatisation agenda

sundayabuo47:
Y r d gominas against d proposed privatisation nau? Dis statement doesn't seem to have addressed dat....they should tell us y they r against d idea....

When the rich buys those assets, the poor won't be able to afford it. Guess who will still buy them, same people in government and with government money.

Pls who are/is FG?

I still don't understand

It's in Nigeria we have 3 different bodies ruling us.

We have The President,
We also have The Presidency
And lastly we have The FG..

Biko can someone help differentiate them

maasoap:
Power sector! This is about power sector. I didn't generalise privatisation. Those before him left power sector out of their privatisation agenda

The government has no business in business mantra did not start under Jonathan. That is what you said it is not true.

Atiku has been parroting that for a long time

This man called the president always has negative ideas and unproductive plan for this country.
He can't stress his brain and think out means of generating fund outside borrowing and selling Government properties.
He is just there to enjoy his old age.

Brendaniel:
This is the most confused government in the history of Nigeria

8yrs no single achievement and one of the core idiots in the party is contesting for another 8yrs

As if that will make.the zoo have 24 hours electricity supply...

umarmaidawa:
If I'm ever sad, I'll just remember that the world is 4.543 billion years old and somehow I managed to exist at the same time as Leo Messi! �

Your idol hates African men like you and have no respect for you. Choose an African idol like yourself and stop the foolishness.

muhdaliyuh:
Other nations only concession their critical infrastructures but nigeria sell it's own outrightly. Chaaaiiiii.
Lord let whom will fix this country tarry not to come anymore naaahhh
#BPE.
#NGF .
#FGN.
#NIPP.
#NDPHCL.

Who told you that? A sale or you call it a lease for 25 years, stop whining.

muhdaliyuh:
Other nations only concession their critical infrastructures but nigeria sell it's own outrightly. Chaaaiiiii.
Lord let whom will fix this country tarry not to come anymore naaahhh
#BPE.
#NGF .
#FGN.
#NIPP.
#NDPHCL.

name these countries I dare you

True but not correct.
The Choice of P3 is determined by a Govts capacity to take on Risk. Concessions will only work well if the Govt can take on operational and use risks. In our case, it can't and can't afford paying extra subsidies. It's best to sell off, Govt is shielded from financial risk exposure, investor takes up responsibility for profitability which is tied to optimum performance of the plants. Everybody wins!

muhdaliyuh:
Other nations only concession their critical infrastructures but nigeria sell it's own outrightly. Chaaaiiiii.
Lord let whom will fix this country tarry not to come anymore naaahhh
#BPE.
#NGF .
#FGN.
#NIPP.
#NDPHCL.

Brendaniel:
This is the most confused government in the history of Nigeria

Their is no confusion here!

If the sale is transparent, it will be a win for power generation and Nigerians.

Not like the distribution company’s that were sold to cronies who had little to nothing to invest.


And same applies to universities, if those institutions are not privatized, their is NO WAY those universities will stand a chance to compete.

The government is overwhelmed and cannot help.

[quote author= post=118659250]Privatisation is one of the ways to love our darling country forward.

A better Nigeria all around is all we want.
Nigeria will be great again in our lifetime whether the evil ones like it or not.

God bless Nigeria and all good, sane, honest and hardworking Nigerians.


Meanwhile......[/quote]They’ve already sold NNPC , have you seen any change yet?

Mrsegz:
True but not correct.
The Choice of P3 is determined by a Govts capacity to take on Risk. Concessions will only work well if the Govt can take on operational and use risks. In our case, it can't and can't afford paying extra subsidies. It's best to sell off, Govt is shielded from financial risk exposure, investor takes up responsibility for profitability which is tied to optimum performance of the plants. Everybody wins!

They should make it work simple, go and look at Ghana’s concessions of Gold mining for example, imagine a country owning next to nothing in the concession.
They own the Gold but are buying it from those foreign companies as at now.
One of the disadvantages is that these foreign companies are in control of your national resource to a large extent .
Have u asked yourself the type of plants the FG want to sell.

CoronaVirusRelo:
Their is no confusion here!

If the sale is transparent, it will be a win for power generation and Nigerians.

Not like the distribution company’s that were sold to cronies who had little to nothing to invest.


And same applies to universities, if those institutions are not privatized, their is NO WAY those universities will stand a chance to compete.

The government is overwhelmed and cannot help.

Are you saying those discos there’s no foreign ownership so far.
Charlie FG want to cash out fraudulently .

Emperorx:
They have sold virtually everything this nation has

Yet the country is not working, Ghana has virtually no to poor concessions in their gold mining , foreign but see how the country is just fucking worst currency in the world and always running to imf.
I am yet to see any improvements in all these privatizations.

brandsoncharlie:
Are you saying those discos there’s no foreign ownership so far.
Charlie FG want to cash out fraudulently .

Those discos were bought by cronies.

You should know the norm, they use foreigners to front while they really own it.

Most of the discos you can think of are owned by same people in power, and why you see they have absolutely nothing to offer!

Take a look at NITEL too? With the capacity that institution has, it cannot even compete, because people who bought it are in the system and have nothing to offer!

Brendaniel:
This is the most confused government in the history of Nigeria

And in the world

jkpbestseries:
Atiku will sell them all

Atiku The Wheeler Dealer!

CoronaVirusRelo:
Those discos were bought by cronies.

You should know the norm, they use foreigners to front while they really own it.

Most of the discos you can think of are owned by same people in power, and why you see they have absolutely nothing to offer!

Take a look at NITEL too? With the capacity that institution has, it cannot even compete, because people who bought it are in the system and have nothing to offer!

The same thing happened with Epcl petrol chemicals in eleme, Port Harcourt for example was sold all in the name of privatization for effectiveness.
Still today I have not seen the usefulness of that privatization.

brandsoncharlie:
Epcl petrol chemicals in eleme, Port Harcourt for example was sold all in the name of privatization for effectiveness.
Still today I have not seen the usefulness of that privatization.

Because sale was not transparent and lacks credibility.

That’s just it. If you research about sale, you will realize it lacks credibility.

brandsoncharlie:
The same thing happened with Epcl petrol chemicals in eleme, Port Harcourt for example was sold all in the name of privatization for effectiveness.
Still today I have not seen the usefulness of that privatization.

You guys are so ill informed! That's the problems with Nigerians, they refuse to take the time to educate themselves, even with google at their fingertips. I wonder what you all do with your phones? Just aimless senseless chat and videos that kills your brain. A google search will tell you that the former Eleme Petrochemicals is now Indorama Petrochemicals and that company is doing fantastically well last I checked.

https://www.indoramaeleme.com/

brandsoncharlie:
They’ve already sold NNPC , have you seen any change yet?

Another uninformed Nigerian. NNPC has not been sold. It was just converted to a Limited Liability Company to stand on its own, instead of being run as a Ministry of government.

So they no longer contribute to FAAC or Federation Account like an agency like Customs or FAAN might. Instead they pay taxes like every other oil company. Likewise Ministry of Petroleum no longer pays their salaries. The salaries are paid inhouse with their own revenue, so no longer budgeted in national budget.