₦airaland Forum

tiswell:
I was shocked at Edun's sack


He was performing

Maybe on health.
He performed well,stabilizing the Economy and taking t out of the doldrums,bringing down inflation from around 22% to 15% and paying more than $10 billion including all our debts to the IMF.
He has minimally grown the Economy too within 3 years.
He really tried but have health issues.

Choiceone1:
keep deceiving ursef writing long useless epistle cost reflective. B4 Tinubu came to power how much was Nigeria paying?

Nigeria was underpaying for power . And stealing of power was ongoing well well.

And we didn't have light before Tinubu came in.

You can abuse me well well, but it is the truth. We are the architect.of our bad power supply.

Ballmer:
There is about electricitythat can not be fixed in a year. TINUBU IS NOT SERIOUS ABOYT IT. Note this is coming from Tinubu supporter on this forum, check my antecedent. We that support the govt beed to let them know their shortcomings so they can triple their effort on such area.

My brother I tire for some people.

PBAT: adfgyrhjknmnhgffeßdghhjkktdsd
The guy U quoted: carry go Presido, U dey make too much sense

alsudan:
Nigerians will sack Tinubu next year

Wake up and stop dreaming Tinubu Jagaban remain Nigeria president till 2031.

DMerciful:
Too late. He'll be sacked himself come 2027.

Peter Obi is the one on whose rock the new Nigeria will be built and the gates of criminality shall not prevail against him

let's wait and see Peter Obi is going no where. No vacancy for Obi. Tinubu Jagaban till 2031

Hemanwel:
What about the Minister of Darkness?

Tinubu's sacking next year is sacrosanct! We are voting the ADC from top to bottom

You better perish that thought.
That's how incompetent fools were elected in LP and today all of them have decamped to APC or about to, without any single achievement or impact.

nairalanda1:
You guys should stop blaming the Power minister for power problems in Nigeria

UNtil all of you NIgerians are ready to pay cost reflective tarrif, they can make Jesus christ minister of power and we will still be in darkness.

POwer has been privatised since 2013, and all your goverments since then have been starving it of funds in the name of keeping power cheap. You people also clap for those who chase away people that come to disconnect those that steal power.and you hail the power theives..and meter bypassers......and you expect light?

You can abuse me now, but facts is facts...and yes, I do not like the power minister, na politican, but facts is facts.

I mean in 2013, GEJ had a professor of electricity in charge of the ministry, yet we were having groid collapses and power issues, because of lack of cost reflective tarrif

I mean until band A came along, all the country was underpaying for power. ANd after band A came, na only 20% of the country wey dey pay for power at cost reflective rate, the rest underpay and now 20% don't even pay for the power they use.

And people like it that way, as do your politicans...meaning no money or investment to improve things (if you had a billion dollars, you go put am for power supply, where you won't see ROI because people think that electiricty must be free of charge).

So at the end, you end up in darkness.

And again, until cost reflective tarrifs are in place, or until you are ready to tolerate borrowing of up to 20-30 trillion naira annually for at least 5 years, ie at most 150 trillion naira over 5 years to fix things, nothing will change.

And yes, there is corruption, because when you starve a business of its right to set prices, they will make money by wuru wuru ways. And yes, that is why you have to buy wires , poles and transformers, because most of you don't want to pay the cost reflective tarrif that would enable the discos and gencos buy all that and fix it for you.

See the problem? Oh no, na to blame generator people, and even Atiku self..lol. As if Atiku dey sell all the generators for nigeria.

Never ever support a government like tinubu that believes in setting prices.

I mean, see our telecoms sector. When it was NITEL, and when people were paying government price, the sector was bad. Then GSM came in and service improved because GSM companies were allowed to charge cost reflective tarrifs.

Even then NTEL, the government run GSM company, at once point, MTN and econet were charging twice of what NTEL was charging....which meant they could afford better services compared to NTEL...which crashed. Today it exists as a phoenix company that only offers internet service.

Infact you need more than abuses, you need to be flogged. Seems you are benefitting sth from the Govt otherwise you won't 'misyarn' like this. What has the increment in tariffs achieved so far ?
You don't see anything to talk about the incompetent generating companies sone of them have no business being licensed to.operate.
Is this ur unintelligent assumption reason the Aso villa opted to spend billions to migrate to Solar while the masses are left to cater for themselves?

Long over due

InfoGuru118:
https://verynigerian.com/breaking-tinubu-sacks-finance-minister-wale-edun-housing-minister-dangiwa/

I said it when oyelede was appointed as minister of state that when they put someone very good under you, just know your time to leave has come, especially in the private sector 😁

I can't blame Nigerians who aren't Engineering savvy , But not technicians and Engineers that come online and who only see the tech and not the budget side or I will say emotional Nigerians, my thoughts recently is Nigerians are self centered and lously display their ignorance.
We lack basic understanding of things that matter

nairalanda1:
You guys should stop blaming the Power minister for power problems in Nigeria

UNtil all of you NIgerians are ready to pay cost reflective tarrif, they can make Jesus christ minister of power and we will still be in darkness.

POwer has been privatised since 2013, and all your goverments since then have been starving it of funds in the name of keeping power cheap. You people also clap for those who chase away people that come to disconnect those that steal power.and you hail the power theives..and meter bypassers......and you expect light?

You can abuse me now, but facts is facts...and yes, I do not like the power minister, na politican, but facts is facts.

I mean in 2013, GEJ had a professor of electricity in charge of the ministry, yet we were having groid collapses and power issues, because of lack of cost reflective tarrif

I mean until band A came along, all the country was underpaying for power. ANd after band A came, na only 20% of the country wey dey pay for power at cost reflective rate, the rest underpay and now 20% don't even pay for the power they use.

And people like it that way, as do your politicans...meaning no money or investment to improve things (if you had a billion dollars, you go put am for power supply, where you won't see ROI because people think that electiricty must be free of charge).

So at the end, you end up in darkness.

And again, until cost reflective tarrifs are in place, or until you are ready to tolerate borrowing of up to 20-30 trillion naira annually for at least 5 years, ie at most 150 trillion naira over 5 years to fix things, nothing will change.

And yes, there is corruption, because when you starve a business of its right to set prices, they will make money by wuru wuru ways. And yes, that is why you have to buy wires , poles and transformers, because most of you don't want to pay the cost reflective tarrif that would enable the discos and gencos buy all that and fix it for you.

See the problem? Oh no, na to blame generator people, and even Atiku self..lol. As if Atiku dey sell all the generators for nigeria.

Never ever support a government like tinubu that believes in setting prices.

I mean, see our telecoms sector. When it was NITEL, and when people were paying government price, the sector was bad. Then GSM came in and service improved because GSM companies were allowed to charge cost reflective tarrifs.

Even then NTEL, the government run GSM company, at once point, MTN and econet were charging twice of what NTEL was charging....which meant they could afford better services compared to NTEL...which crashed. Today it exists as a phoenix company that only offers internet service.

This your comment only cemented your level of ignorance, Pls do well to read to understand and also have an open mind to learning. Thanks

zegxy:
Infact you need more than abuses, you need to be flogged. Seems you are benefitting sth from the Govt otherwise you won't 'misyarn' like this. What has the increment in tariffs achieved so far ?
You don't see anything to talk about the incompetent generating companies sone of them have no business being licensed to.operate.
Is this ur unintelligent assumption reason the Aso villa opted to spend billions to migrate to Solar while the masses are left to cater for themselves?

Putinofrussia:
Maybe on health.
He performed well,stabilizing the Economy and taking t out of the doldrums,bringing down inflation from around 22% to 15% and paying more than $10 billion including all our debts to the IMF.
He has minimally grown the Economy too within 3 years.
He really tried but have health issues.

Why did he fail to make a dollar equal to N300 in the short term as promised by Bọbọ Chicago, before he was allowed to hit the ground running, after fighting for power and grabbing it?

He failed in this regard despite borrowing $3.3 billion from Afreximbank secured by future oil revenues in an SPV account facilitated by Elumelu’s UBA at a ridiculous 11.85%?

How did he really try, if he was borrowing more than his APC predecessor and his PDP predecessors, who didn’t remove subsidy to hike petrol price but gave us widespread prosperity in deregulation and privatisation with less inflation and less insecurity

Yemmysworld91:
Long overdue. Fresh ideas are needed in that ministry of finance. Inflation must come down biko.

Ftc

Inflation has nothing to do with the Ministry of Finance, Inflation in Nigeria is energy price driven. Pure and simple.

Hemanwel:
What about the Minister of Darkness?

Tinubu's sacking next year is sacrosanct! We are voting the ADC from top to bottom

Honestly it should get to that bros.. He fumbled big time

anonimi:
Why did he fail to make a dollar equal to N300 in the short term as promised by Bọbọ Chicago, before he was allowed to hit the ground running, after fighting for power and grabbing it?

He failed in this regard despite borrowing $3.3 billion from Afreximbank secured by future oil revenues in an SPV account facilitated by Elumelu’s UBA at a ridiculous 11.85%?

How did he really try, if he was borrowing more than his APC predecessor and his PDP predecessors, who didn’t remove subsidy to hike petrol price but gave us widespread prosperity in deregulation and privatisation with less inflation and less insecurity

Actual deregulation of the petroleum sector started towards the tail end of Buhari administration and i cant see any security that was present during Jonathan and Buhari administration .

nairalanda1:
You guys should stop blaming the Power minister for power problems in Nigeria

UNtil all of you NIgerians are ready to pay cost reflective tarrif, they can make Jesus christ minister of power and we will still be in darkness.

POwer has been privatised since 2013, and all your goverments since then have been starving it of funds in the name of keeping power cheap. You people also clap for those who chase away people that come to disconnect those that steal power.and you hail the power theives..and meter bypassers......and you expect light?

You can abuse me now, but facts is facts...and yes, I do not like the power minister, na politican, but facts is facts.

I mean in 2013, GEJ had a professor of electricity in charge of the ministry, yet we were having groid collapses and power issues, because of lack of cost reflective tarrif

I mean until band A came along, all the country was underpaying for power. ANd after band A came, na only 20% of the country wey dey pay for power at cost reflective rate, the rest underpay and now 20% don't even pay for the power they use.

And people like it that way, as do your politicans...meaning no money or investment to improve things (if you had a billion dollars, you go put am for power supply, where you won't see ROI because people think that electiricty must be free of charge).

So at the end, you end up in darkness.

And again, until cost reflective tarrifs are in place, or until you are ready to tolerate borrowing of up to 20-30 trillion naira annually for at least 5 years, ie at most 150 trillion naira over 5 years to fix things, nothing will change.

And yes, there is corruption, because when you starve a business of its right to set prices, they will make money by wuru wuru ways. And yes, that is why you have to buy wires , poles and transformers, because most of you don't want to pay the cost reflective tarrif that would enable the discos and gencos buy all that and fix it for you.

See the problem? Oh no, na to blame generator people, and even Atiku self..lol. As if Atiku dey sell all the generators for nigeria.

Never ever support a government like tinubu that believes in setting prices.

I mean, see our telecoms sector. When it was NITEL, and when people were paying government price, the sector was bad. Then GSM came in and service improved because GSM companies were allowed to charge cost reflective tarrifs.

Even then NTEL, the government run GSM company, at once point, MTN and econet were charging twice of what NTEL was charging....which meant they could afford better services compared to NTEL...which crashed. Today it exists as a phoenix company that only offers internet service.

With which money do you want people to use to pay for power?

Entrepreneurship practically in a state of comatose, farming sector under fulani siege, transport business under fulani seige, loans from bank at 35% interest rate, contractors have not been paid since 2023.

So how exactly can you pay this bills? You, what you doing for a living if you are not sharing our money? You can't be an evil or civil servant and talk like this.

Ok, you sack Edun sake of say him don tell you and Akpabio say excessive borrowing go put Nigeria for pit wey we no go recover in hundreds of years to come.

Topman7:
Very intelligent post.

The reluctance to let these guys charge what they really need to charge, is political.

Tinubu would have done it, but the fuel subsidy removal has already had serious effects on the population, and he's still receiving blowback for that.

To now add liberalised pricing for electricity on top would have been political suicide.

I think he'll do it in his next term, if he wins.

I suspect he's thinking "let's get the economy moving first by ending fuel subsidies, absorbing that pain, and then (being a politician) waiting till my next term to liberalise electricity pricing, since I have no more election to contest afterwards, so people will abuse me then for the high cost of power, but at least they will have light, and incomes will keep rising due to my policies, and eventually the bills will become affordable".

Income keep rising where ?
In Lalaland I guess? Point of correction income is not rising at all it is even worse than stagnant it has plummeted badly.

Mind you It has to rise and make sense., it has to rise to atleast quarter of the level that those in UK, US and Europe are been paid, since your man is determined to make the hapless people earning weak naira to pay for goods and services at the rate and prices those in the advanced countries like UK and US and the Euro countries are paying at.

That's only fair only fair enough, logical and rational.

dappydozzy:
Inflation has nothing to do with the Ministry of Finance, Inflation in Nigeria is energy price driven. Pure and simple.

He is the coordinating minister of the economy sir. Some countries brought in temporary subsidy to minimize the effect of the global crises on energy. They keep pumping money to the states and the governors are doing nothing. Make he go abeg.

nairalanda1:
You guys should stop blaming the Power minister for power problems in Nigeria

UNtil all of you NIgerians are ready to pay cost reflective tarrif, they can make Jesus christ minister of power and we will still be in darkness.

POwer has been privatised since 2013, and all your goverments since then have been starving it of funds in the name of keeping power cheap. You people also clap for those who chase away people that come to disconnect those that steal power.and you hail the power theives..and meter bypassers......and you expect light?

You can abuse me now, but facts is facts...and yes, I do not like the power minister, na politican, but facts is facts.

I mean in 2013, GEJ had a professor of electricity in charge of the ministry, yet we were having groid collapses and power issues, because of lack of cost reflective tarrif

I mean until band A came along, all the country was underpaying for power. ANd after band A came, na only 20% of the country wey dey pay for power at cost reflective rate, the rest underpay and now 20% don't even pay for the power they use.

And people like it that way, as do your politicans...meaning no money or investment to improve things (if you had a billion dollars, you go put am for power supply, where you won't see ROI because people think that electiricty must be free of charge).

So at the end, you end up in darkness.

And again, until cost reflective tarrifs are in place, or until you are ready to tolerate borrowing of up to 20-30 trillion naira annually for at least 5 years, ie at most 150 trillion naira over 5 years to fix things, nothing will change.

And yes, there is corruption, because when you starve a business of its right to set prices, they will make money by wuru wuru ways. And yes, that is why you have to buy wires , poles and transformers, because most of you don't want to pay the cost reflective tarrif that would enable the discos and gencos buy all that and fix it for you.

See the problem? Oh no, na to blame generator people, and even Atiku self..lol. As if Atiku dey sell all the generators for nigeria.

Never ever support a government like tinubu that believes in setting prices.

I mean, see our telecoms sector. When it was NITEL, and when people were paying government price, the sector was bad. Then GSM came in and service improved because GSM companies were allowed to charge cost reflective tarrifs.

Even then NTEL, the government run GSM company, at once point, MTN and econet were charging twice of what NTEL was charging....which meant they could afford better services compared to NTEL...which crashed. Today it exists as a phoenix company that only offers internet service.

If power tariff cannot be service reflective, let them shut down the national grid. After all, presidency already left the grid. Cost reflective tariff is criminal, we don't want it.

dappydozzy:
Actual deregulation of the petroleum sector started towards the tail end of Buhari administration and i cant see any security that was present during Jonathan and Buhari administration .

Was it Jonathan or Buhari who was in office in 2006

When were NNPC refineries sold before the sales were reversed?

anonimi:
How Indorama sustains manufacturers, boosts Nigeria’s FX earnings

Indorama Eleme Petrochemicals Limited (IEPL) has emerged as a major value creator in the Nigerian economy. It is responsible for the survival, growth and sustenance of many manufacturing companies in Nigeria today. A large number of plastic and allied firms depend on the Eleme-based company for petrochemical resins (or polymer resins) which serve as their raw materials.

The petrochemical company is just one of the several subsidiaries of Indorama-Nigeria Group, which also comprises Indorama Eleme Fertilizer & Chemicals Limited (IEFCL), Indorama PET Nigeria Limited, and Indorama Port Operations.

Since Indorama Corporation of Indonesia became core investor in the old Eleme Petrochemicals Company Limited (EPCL) in 2006 through privatisation programme of the Federal Government, the group has become a game changer in the Nigerian economy.

The petrochemical company has solved the major challenge facing a number of manufacturers— poor access to raw materials. Rather than scramble for foreign exchange to import inputs, the company ensures that manufacturers have access to their critical raw materials, enabling them to save costs and improve margins.

The major resins used by plastic and allied companies are polyethylene and polypropylene. Indorama produces about 45 grades of these products for various industries. About 600 of such companies in Nigeria depend on IEPL for their survival. They are estimated to have over 90,000 workers.

https://businessday.ng/real-sector/article/how-indorama-sustains-manufacturers-boosts-nigerias-fx-earnings/

Congratulations to Oga Taiwo Oyedele , do what needs to be done to reposition the economy.

tesseract:
Delusions of a finished agbadorian...😂😂😂😂😂😂😂. Nothing good can ever come out of APC, even if he likes he can reshuffle the entire cabinet... nothing

You are the delusional one here if you claim nothing good has come out of this government. I'm not even a supporter of the government. But a realist. But electoral loss have blinded you people from the good and focus on the bad. I wonder how you guys will survive when he wins again in 2027
Only God can stop him

CerebrumOptimus:
With which money do you want people to use to pay for power?

Entrepreneurship practically in a state of comatose, farming sector under fulani siege, transport business under fulani seige, loans from bank at 35% interest rate, contractors have not been paid since 2023.

So how exactly can you do to pay this bills? You, what you doing for a living if you are not sharing our money? What do you for a living? You can't be an evil or civil servant and talk like this.

Don't mind him
He is one of the people that are paid billions of naira to bark senselessly, endlessly.

People like him don't have conscience all. He looks at the man and says he is reforming the country like Lee Kuan yeou did for Singapore.

The power minister has resigned

kestolove95:
what will u say abt power? What is he still doing in that ministry?

tiswell:
I was shocked at Edun's sack


He was performing

He couldn't run a budget finance

nairalanda1:
You guys should stop blaming the Power minister for power problems in Nigeria

UNtil all of you NIgerians are ready to pay cost reflective tarrif, they can make Jesus christ minister of power and we will still be in darkness.

POwer has been privatised since 2013, and all your goverments since then have been starving it of funds in the name of keeping power cheap. You people also clap for those who chase away people that come to disconnect those that steal power.and you hail the power theives..and meter bypassers......and you expect light?

You can abuse me now, but facts is facts...and yes, I do not like the power minister, na politican, but facts is facts.

I mean in 2013, GEJ had a professor of electricity in charge of the ministry, yet we were having groid collapses and power issues, because of lack of cost reflective tarrif

I mean until band A came along, all the country was underpaying for power. ANd after band A came, na only 20% of the country wey dey pay for power at cost reflective rate, the rest underpay and now 20% don't even pay for the power they use.

And people like it that way, as do your politicans...meaning no money or investment to improve things (if you had a billion dollars, you go put am for power supply, where you won't see ROI because people think that electiricty must be free of charge).

So at the end, you end up in darkness.

And again, until cost reflective tarrifs are in place, or until you are ready to tolerate borrowing of up to 20-30 trillion naira annually for at least 5 years, ie at most 150 trillion naira over 5 years to fix things, nothing will change.

And yes, there is corruption, because when you starve a business of its right to set prices, they will make money by wuru wuru ways. And yes, that is why you have to buy wires , poles and transformers, because most of you don't want to pay the cost reflective tarrif that would enable the discos and gencos buy all that and fix it for you.

See the problem? Oh no, na to blame generator people, and even Atiku self..lol. As if Atiku dey sell all the generators for nigeria.

Never ever support a government like tinubu that believes in setting prices.

I mean, see our telecoms sector. When it was NITEL, and when people were paying government price, the sector was bad. Then GSM came in and service improved because GSM companies were allowed to charge cost reflective tarrifs.

Even then NTEL, the government run GSM company, at once point, MTN and econet were charging twice of what NTEL was charging....which meant they could afford better services compared to NTEL...which crashed. Today it exists as a phoenix company that only offers internet service.

so Band A is not cost reflective tariff?

2tpick:
You will come up with another reason why it didn't work after 8 years of Tinubu administration. Then U will do that with a new account. Keep blaming people who want the country to fail, wat about those who want it to progress?

I don't jump around changing accounts on nairaland. I lost my previous account due to login issues. This current one is almost ten years. I stand by what I said. It's not rocket science.

Wale Edun has been betrayed

Ballmer:
There is about electricitythat can not be fixed in a year. TINUBU IS NOT SERIOUS ABOYT IT. Note this is coming from Tinubu supporter on this forum, check my antecedent. We that support the govt beed to let them know their shortcomings so they can triple their effort on such area.

Electricity is not road construction. It ain't that easy

UkoAnnang:


Tunibu represents darkness

Wale Edun was the only man in Tunibu dark cabinet who has been telling Nigerians the need and necessary truth. Tunibu in his darkest world don't likr truth

.
Take your drugs

Yemmysworld91:
I don't jump around changing accounts on nairaland. I lost my previous account due to login issues. This current one is almost ten years. I stand by what I said. It's not rocket science.

The last man that said its not rocket science ended up a minister of darkness