₦airaland Forum

raumdeuter:
Netflix, Prime, Paramount Peacock or where?

Prime

larride:
House of David is good. You will like it.

You can check out "The War between Land and Sea" too, I heard it's good but I haven't seen it

Had a good start but drove into the ditch.

Ellexy:
Had a good start but drove into the ditch.

Ah. I never watch ham.

Seyi Makinde says he nominated a minister for Tinubu and he rejected it.

Wondered why Tinubu will reject someone like Bimbo Adekambi who was a good commissioner under the late Ajimobi for the minister of darkness called Adelabu.

Tinubu should relieve him of his duties by Jan make he go focus on the governorship election that I pray he lose

Meanwhile Mr Wale Edun is most likely gone. He will probably resign as Minister due to Health issues in Jan or Feb.

They've already taken revenue and disbursement away from him to Madam Anita, the Minister of State for Finance who will most likely be made the substantive minister of finance and the coordinating minister of the economy.

larride:
Seyi Makinde says he nominated a minister for Tinubu and he rejected it.

Wondered why Tinubu will reject someone like Bimbo Adekambi who was a good commissioner under the late Ajimobi for the minister of darkness called Adelabu.

Tinubu should relieve him of his duties by Jan make he go focus on the governorship election that I pray he lose

Adelabu is better than anyone that can be nominated even than Bimbo Adekambi

Based on resume and pre politics achievements, Adelabu towers above most people in Oyo politics

raumdeuter:
Adelabu is better than anyone that can be nominated even than Bimbo Adekambi

Based on resume and pre politics achievements, Adelabu towers above most people in Oyo politics

The taste of the pudding is in the eating, he hasn't done well with his portfolio.
Everyone knows this.........things are really bad.

Tochex101:
The taste of the pudding is in the eating, he hasn't done well with his portfolio.
Everyone knows this.........things are really bad.

Power is one of the hardest portfolio in Nigeria with a lot of visibility to all Nigerians and from the Dangote refinery experience you can tell the challenges of making things work

Someone like Fashola who many say has been one of the best governors ever didnt make the same difference as minister of Power

☝️

raumdeuter:
Adelabu is better than anyone that can be nominated even than Bimbo Adekambi

Based on resume and pre politics achievements, Adelabu towers above most people in Oyo politics

His portfolio is majorly in Finance and management in CBN.

He has been woeful as a Minister and should be relieved of his duties.

larride:
His portfolio is majorly in Finance and management in CBN.

He has been woeful as a Minister and should be relieved of his duties.

well, this is the thing

Power issues in nigeria are not a technical problem - they are a money problem

if you have been running your house with a 15 year old generator that can only carry 1/3rd of the house and you have also not been able to upgrade your mains wire, you will have frequent power issues.

our power infrastructure is old, it has not kept up with our requirements and the govt has been subsidizing it. we have seen ibimes monthly power bill. the other problem is legacy power discos with institutionalized corruption and incompetence. your average disco is full of corrupt ex nepa workers who sabotage within and without.

iamoyindamola:
The abandons
The last frontier
Landman
Pitt(if you like medical theme series)
Mayor of Kingston


Bonus
There is one HBO documentary on wizkid

The Abandons is shiiiiit...

larride:
His portfolio is majorly in Finance and management in CBN.

He has been woeful as a Minister and should be relieved of his duties.

More of the ministers work is management and not necessarily technical

How to manage budget, manage legacy infrastructure and especially manage people and complex politics of Nigeria

If the Dangote oil has taught us anything its that the cabal are real and layered

Multiple layers of cabal dey this Naija wey be say na only a deep cabalite like Dangote sef don turn podcaster and frequent wailer

Even Buhari and his family see cabal structure wey pass their power

We think Nigerian problem is easy or flip a switch its way deeper. In US when Elon brought his private sector energy to Govt see how he fared now think of in a Nigeria with our complexity where we are used to anyhowness

raumdeuter:
Power is one of the hardest portfolio in Nigeria with a lot of visibility to all Nigerians and from the Dangote refinery experience you can tell the challenges of making things work

Someone like Fashola who many say has been one of the best governors ever didnt make the same difference as minister of Power

That ministry should be renamed Ministry of Principalities and Powers. Bola Ige was also humbled in that place before he was moved to Attorney General.

GloriousGbola:
well, this is the thing

Power issues in nigeria are not a technical problem - they are a money problem

if you have been running your house with a 15 year old generator that can only carry 1/3rd of the house and you have also not been able to upgrade your mains wire, you will have frequent power issues.

our power infrastructure is old, it has not kept up with our requirements and the govt has been subsidizing it. we have seen ibimes monthly power bill. the other problem is legacy power discos with institutionalized corruption and incompetence. your average disco is full of corrupt ex nepa workers who sabotage within and without.

Power generation and distribution is capital intensive so needs money

70% of Nigerian household cannot really afford to pay for what they consume, Another part of the population simply bypass metering and get power for free

So the burden of the power use have to be on the 20% that can afford to pay to carry all those who cannot or refuse to pay for power

So here comes govt subsidies to buffer everything. And when govt money comes, people will never get tired of it and will keep increasing

Now try to take off the govt money from their mouth, before we start talking of the generator cabal or the Diesel suppliers. You will likely be killed before you can resolve power issues

GloriousGbola:
well, this is the thing

Power issues in nigeria are not a technical problem - they are a money problem

if you have been running your house with a 15 year old generator that can only carry 1/3rd of the house and you have also not been able to upgrade your mains wire, you will have frequent power issues.

our power infrastructure is old, it has not kept up with our requirements and the govt has been subsidizing it. we have seen ibimes monthly power bill. the other problem is legacy power discos with institutionalized corruption and incompetence. your average disco is full of corrupt ex nepa workers who sabotage within and without.

Might be true but we haven't seen any improvement from him one bit.

Even with the Band nonsense he introduced, he just gave Discos an avenue to exploit Nigerians without the commensurate power.

At least we saw how Fashola tried to improve the sector, the Siemens deals and the likes, what exactly can we point to as Adelabu major input into that ministry?

raumdeuter:
More of the ministers work is management and not necessarily technical

How to manage budget, manage legacy infrastructure and especially manage people and complex politics of Nigeria

If the Dangote oil has taught us anything its that the cabal are real and layered

Multiple layers of cabal dey this Naija wey be say na only a deep cabalite like Dangote sef don turn podcaster and frequent wailer

Even Buhari and his family see cabal structure wey pass their power

We think Nigerian problem is easy or flip a switch its way deeper. In US when Elon brought his private sector energy to Govt see how he fared now think of in a Nigeria with our complexity where we are used to anyhowness

I agree with some of your points and disagree with the others.

Adelabu has not implemented one single policy to move that ministry forward. At least policy making and direction is under his purview, he has done absolutely nothing.

I pray he get APC ticket for Oyo 2027 and lose scandalously in the general election, maybe he will retire away from politics in general.

larride:
I agree with some of your points and disagree with the others.

Adelabu has not implemented one single policy to move that ministry forward. At least policy making and direction is under his purview, he has done absolutely nothing.

I pray he get APC ticket for Oyo 2027 and lose scandalously in the general election, maybe he will retire away from politics in general.

Penkele 2027 Oyo APC
Penkele lokan

raumdeuter:
Penkele 2027 Oyo APC
Penkele lokan

2023 o lule

2027 o lule

O nwa sunkun kiri lori television

Tochex101:
The taste of the pudding is in the eating, he hasn't done well with his portfolio.
Everyone knows this.........things are really bad.

Power has actually improved in my environment over the course of 2 years, infact from September till now we've been on 18 to 20 hours daily. I don't know which of the Bus to give credit to, Bala or Adela

raumdeuter:
Power is one of the hardest portfolio in Nigeria with a lot of visibility to all Nigerians and from the Dangote refinery experience you can tell the challenges of making things work

Someone like Fashola who many say has been one of the best governors ever didnt make the same difference as minister of Power

We must not sit on our hands still, I'm sure the power sector has been one of the greatest beneficiaries in the budget allocation for the last 8 years.
I dare say there hasn't been upto 4% progress.
What sort of voodoo shit are they doing with all that money?

KingTom:
Power has actually improved in my environment over the course of 2 years, infact from September till now we've been on 18 to 20 hours daily. I don't know which of the Bus to give credit to, Bala or Adela

Lucky you.....if we take a thread census now,the data would be easy to analyze.
As yours peaked, some others plummeted and in some people's case it remained static.

We can't say things have gotten better with this monthly grid collapse or power infrastructure vandalism which takes multiple months to put right.

Millions of people remained in perpetual darkness in some northern states for many months this year, heck I think I even remember reading about the woes of bayelsans recently too.

larride:
Might be true but we haven't seen any improvement from him one bit.

Even with the Band nonsense he introduced, he just gave Discos an avenue to exploit Nigerians without the commensurate power.

At least we saw how Fashola tried to improve the sector, the Siemens deals and the likes, what exactly can we point to as Adelabu major input into that ministry?

The banding thing is working oh. Ninjas on band A are reporting almost constant power

Ibime:
The banding thing is working oh. Ninjas on band A are reporting almost constant power

Walai those ones are enjoying.

The man that defended himself against Fulani herdsman has been released. Nice one 👍. Pressure really good. Especially pressure from the US

GloriousGbola:
well, this is the thing

Power issues in nigeria are not a technical problem - they are a money problem

if you have been running your house with a 15 year old generator that can only carry 1/3rd of the house and you have also not been able to upgrade your mains wire, you will have frequent power issues.

our power infrastructure is old, it has not kept up with our requirements and the govt has been subsidizing it. we have seen ibimes monthly power bill. the other problem is legacy power discos with institutionalized corruption and incompetence. your average disco is full of corrupt ex nepa workers who sabotage within and without.

actually, it is both

buhari gave siemens a deal in 2019 to revamp the backbone of the power sector
the plan was to upgrade transmission to 25GW by 2025
not mere expansion, but a full-on get-in-the-weeds anything that is past its use-by date will be taken out
funding would be provided by the world's largest national development bank -- the german KfW
financing was a single-digit loan payable directly to siemens as the project progresses
all nigeria had to do was provide counterpart funding of tens of millions and pay the interest on the cheap loan
corruption is not a factor

today is two days to christmas and we are no where near 25GW
the germans used covid as an excuse
i bet they'd use the data center power crunch as a new excuse at the turn of the year

the chinese would have done it cheaper, faster, and with the exact same funding structure
their electrical supply chain is immune to whatever is happening in the west

---

if a nation of nigeria's stature does not have a dependable 25GW grid, no one is coming in
the chinese partners ote$ invited to fund geregu expansion have their hearts in their mouths because the only reason why they're not historic bagholders is because of the sweetheart GENCO deal that could be torched at any time
they look at the gas players and think "f*ck, that could be us"

Nnaji's geometric foreign investors are f*cked
they invested when $ was less than 150/$
blew past budget and timelines and have to recoup at 1500/$
forget about those who were leveraged
if they weren't racist before, they would be after nigeria happened to them

if the chinese with their 2% refi rates are seeing hell
who at enel, schneider, or constellation will sell FX bonds to raise cash to invest here
when they are having a bonanza in north america and serious emerging economies
yet, we desperately need the expertise of these world class players

---

i'll commend adelabu for not succumbing to pressure on the bands
but much of the ministry is operating on auto pilot
as there are too many structural issues

for instance, the south is subsidizing the rest of the country
only the lagos DISCOs are semi economically viable
Yola EDC in particular should be disconnected from the grid
everyone in that service area should be told to go buy solar
the core investor the GEJ administration sold YEDC to asked for their money back within 4 months of buhari's government
as of 2023, 9 of the 11 discos were functionally bankrupt

from 2013 to 2019, the discos reported losses of N2T at pre-tinubu subsidized exchange rate
Emefiele sank N1.2T as interventions in seven years and it barely made a dent
the numbers are improving after introduction of bands but the GEJ sold the DISCOs to cronies myth unraveled
the banks/investors that took over troubled discos have had their etisalat/9mobile moment

---

the most straightforward way to fix power in nigeria is to do what eisenhower did with the interstate highway system
the federal government follows through on an initiative where foreign development banks + swfs provide the funding, the federal government is the final backstop of the loan (however large it is), and foreign power companies are invited and contracted to do the buildout
the reason why this is a fever dream is that nigeria is not creditworthy
five years into such a project, and that is a conservative number, we will start begging for debt relief and forgiveness

in the absence of that, we will keep using duct tape. rainy season (hydro), and inshallah to fix power
if you like, clone nikola tesla and make him the power minister, he ain't performing no miracles

-Lord

LordAdam16:
actually, it is both

buhari gave siemens a deal in 2019 to revamp the backbone of the power sector
the plan was to upgrade transmission to 25GW by 2025
not mere expansion, but a full-on get-in-the-weeds anything that is past its use-by date will be taken out
funding would be provided by the world's largest national development bank -- the german KfW
financing was a single-digit loan payable directly to siemens as the project progresses
all nigeria had to do was provide counterpart funding of tens of millions and pay the interest on the cheap loan
corruption is not a factor

today is two days to christmas and we are no where near 25GW
the germans used covid as an excuse
i bet they'd use the data center power crunch as a new excuse at the turn of the year

the chinese would have done it cheaper, faster, and with the exact same funding structure
their electrical supply chain is immune to whatever is happening in the west

---

if a nation of nigeria's stature does not have a dependable 25GW grid, no one is coming in
the chinese partners ote$ invited to fund geregu expansion have their hearts in their mouths because the only reason why they're not historic bagholders is because of the sweetheart GENCO deal that could be torched at any time
they look at the gas players and think "f*ck, that could be us"

Nnaji's geometric foreign investors are f*cked
they invested when $ was less than 150/$
blew past budget and timelines and have to recoup at 1500/$
forget about those who were leveraged
if they weren't racist before, they would be after nigeria happened to them

if the chinese with their 2% refi rates are seeing hell
who at enel, schneider, or constellation will sell FX bonds to raise cash to invest here
when they are having a bonanza in north america and serious emerging economies
yet, we desperately need the expertise of these world class players

---

i'll commend adelabu for not succumbing to pressure on the bands
but much of the ministry is operating on auto pilot
as there are too many structural issues

for instance, the south is subsidizing the rest of the country
only the lagos DISCOs are semi economically viable
Yola EDC in particular should be disconnected from the grid
everyone in that service area should be told to go buy solar
the core investor the GEJ administration sold YEDC to asked for their money back within 4 months of buhari's government
as of 2023, 9 of the 11 discos were functionally bankrupt

from 2013 to 2019, the discos reported losses of N2T at pre-tinubu subsidized exchange rate
Emefiele sank N1.2T as interventions in seven years and it barely made a dent
the numbers are improving after introduction of bands but the GEJ sold the DISCOs to cronies myth unraveled
the banks/investors that took over troubled discos have had their etisalat/9mobile moment

---

the most straightforward way to fix power in nigeria is to do what eisenhower did with the interstate highway system
the federal government follows through on an initiative where foreign development banks + swfs provide the funding, the federal government is the final backstop of the loan (however large it is), and foreign power companies are invited and contracted to do the buildout
the reason why this is a fever dream is that nigeria is not creditworthy
five years into such a project, and that is a conservative number, we will start begging for debt relief and forgiveness

in the absence of that, we will keep using duct tape. rainy season (hydro), and inshallah to fix power
if you like, clone nikola tesla and make him the power minister, he ain't performing no miracles

-Lord

Thank you for the DETAILED explanation chief.

Ellexy wonder whether you've come across this sad news . Travelers going for Maulud celebration were abducted in Plateau

Amoto94:
Ellexy wonder whether you've come across this sad news . Travelers going for Maulud celebration were abducted in Plateau

What is the religion of the people that abducted them?

https://www.thecable.ng/full-list-efcc-traces-41-properties-worth-n212bn-to-malami/

EFCC traces 41 properties to Malami

Omo