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Buhari: I'm In Dilemma Over Power Privatisation - Politics (4) - Nairaland

Nairaland ForumNairaland GeneralPoliticsBuhari: I'm In Dilemma Over Power Privatisation (37043 Views)

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Re: Buhari: I'm In Dilemma Over Power Privatisation by obailala(m): 6:04pm On Mar 21, 2016
rapistbuhari:
You are the dumbest guy on NL.....

"The president said his administration must do everything necessary to increase power generation and distribution from its present status of about 1,500 to 3,500 megawatts with additional 2000 before the end of the year as a way of halting the ripple effect effects on the economy."

Now tell us the amount of megawatts Buhari inherited from Jonathan
And he keeps calling others dumb even when he barely has functional cells up in his skull. Chai!!

Kindly point out where you read/heard Buhari say the bolded part of what you just quoted?
Re: Buhari: I'm In Dilemma Over Power Privatisation by Goke7: 6:07pm On Mar 21, 2016
Quakertellicus1:
Reversing it may not be easy

1.The companies will take the Govt to court to reclaim moneys invested in the business...which have now been lost thanks to the reversal. And the courts will award heavy damages. After all....govt signed a contract...and if you break contracts, judges will tend to throw the book at you.

(Democracy, isn't it grand smiley)



2.At the moment...the amount of cash needed to fix power in Nigeria is enormous. We need investments of $1billion at least annually just to fix things.Government....does not have the cash....even if you deal with corruption...you still have low oil prices (Which Nigeria needs at $123 per barrel just to balance the books.).
Thanks for your beautiful reply, one of the most beautiful responses with no aspersions I have ever read on nairaland.

I agree with all you have said but for how long are we going to be held by the juglar with these so call PHCN private investors. Govt may have to find a way around it to attract more serious investors with good track record instead of these present briefcase investors.
Re: Buhari: I'm In Dilemma Over Power Privatisation by ATERI(m): 6:07pm On Mar 21, 2016
Quakertellicus1:
1.Blackouts began in the late 1970's....the year ECN became NEPA.

2.Over the years....most Nigerians and government and private organisations....did not pay their light bills.Infact...the situation still persists.

3.The last time we invested in transmission infrastructure was in the 1970's. Now...it is so bad that we cannot even transmit all the power we generate.

4.In 1997....someone came up with a figure of N5trillion to put NEPA back on its feet.Ya think govt has N5 trillion just for light?

5.Generation is no better Right now...we have just 5000mw maximum. We need it to be at least 12000MW to have light 24/7....Provided there are no new connections to the national grid.

6.Speaking of the national grid....since the 1980's...governments have been connecting people to the grid in the name of political patronage...sans planning. Of course..the grid is overloaded.

7> That is why in 2014...privatization. If it worked for the GSM ....it might work for Power.
You have just confirmed that a country that fails to plan is planning to fail. Privatization is no solution to planlessness
Re: Buhari: I'm In Dilemma Over Power Privatisation by rhames(m): 6:11pm On Mar 21, 2016
Mr. President, this is the 21st Century and no responsible government holds on to managing and micromanaging any enterprise because they dont manage it well. We as citizens are encouraging the government to hold on to this institutions for emotional value rather than intensive values. These enterprises have hurt the naton rather than help it. Well, I wish the NNPC good luck when Dangote refinery comes on stream. It will eventually be sold for peanuts just like NITEL and the rest. What a direction less set of people.
Re: Buhari: I'm In Dilemma Over Power Privatisation by Ikem11(m): 6:13pm On Mar 21, 2016
You know a king by actions and boldness.. Even when he is confused he doesn't show it to the people but seek ways to handle it... Problems of Nigeria is too big for this man's understanding and capacity. kindly step down and enjoy your life at old age... Love for power kills...
Re: Buhari: I'm In Dilemma Over Power Privatisation by Festy4u(m): 6:16pm On Mar 21, 2016
acaolly1:
I see, do you expect a miracle in 12months from economy destroyed over 16yearshuh All these economic hardship are the results of bad governance of 16years plus... It cant be revived in 12months take that
No, he expected dooms day for Nigeria in 12months! He simply explained how his business is being affected by the harsh policies of the present administration and here you are lamenting about PDP 16yrs of misrule for which GEJ was rightly voted out to usher in the much acclaimed (boastful) APC! Only for them to assume office and revert to blame just the way you are doing now!
Re: Buhari: I'm In Dilemma Over Power Privatisation by ATERI(m): 6:21pm On Mar 21, 2016
Akaujaa:
I think the owners of NL should consider closing the comment section of the forum because people have turned it to a platform for silly and unguarded comments. Its true that we must air our views on topical issues, but the abuse of freedom of speech has become so proliferated such that some people only subscribe to the platform only to abuse and rain insults on people who hold contrary opinions from theirs. If it's not APC vs PDP, it'll be Buhari vs Jonathan, Wike vs Amechi, Lai Mohammed vs Information etc. It's annoying how almost every Tom, Dick and Harry have turned this forum to a beehive of abuse and insults. It's true that sometimes we disagree to agree but that must be done with some sense of decorum.
This is Nigeria, in a nutshell. Or you want Nigeria to disappear from the face of the earth?
Re: Buhari: I'm In Dilemma Over Power Privatisation by anonimi: 6:21pm On Mar 21, 2016
Quakertellicus1:
Reversing it may not be easy

1.The companies will take the Govt to court to reclaim moneys invested in the business...which have now been lost thanks to the reversal. And the courts will award heavy damages. After all....govt signed a contract...and if you break contracts, judges will tend to throw the book at you.

(Democracy, isn't it grand smiley)
I hope the man does not reverse this privatisation policy. He can tinker with it to redress possible shortcomings but not outright reversal as he did with Jakande's metro in the 80s. It did not bother the military dictator that the government had to pay for breach of contract.


Splashme:
The first civilian governor of Lagos State, Alhaji Lateef Jakande, on Tuesday, said that the cancellation of the Lagos metroline project in 1985 was a major mistake and disservice to many Nigerians.

Jakande spoke in Lagos during the launch of a book which chronicled his life in politics and journalism.

The book, entitled, ‘Jakande: Leadership in Action’ is written by Dr. Bola Olaosebikan, who told the audience at the event that the All Progressives Congress presidential candidate, Maj. Gen. Muhammadu Buhari (retd.), was not responsible for the cancellation of the project.

Jakande said, “Reflecting on the metroline project, I think it is a major disservice to many Nigerians. Imagine how many people would have benefitted. It would have made life easier and changed the face of transport in Lagos. Whoever cancelled it or gave the advice towards its cancellation didn’t do right.”

The former governor asked Nigerians not to vote for unserious leaders in the coming polls, saying the elections presented Nigerians with a good opportunity that should not be squandered.

Expressing the hope that Nigeria would soon overcome its developmental challenges, Jakande said hope would be actualised faster if credible people emerged as leaders in the next dispensation.

He said, “This book comes at a very auspicious time in Nigeria’s history as we need leaders who can act. We need leaders who would not compromise the standards of good governance. God has blessed this nation the most in Africa, although we have not reached where we should be; with the right leaders, Nigeria would overcome its challenges.”


http://www.punchng.com/news/cancelling-metroline-a-major-mistake-jakande/
www.nairaland.com/attachments/2087214_buharimetro_jpeg0139273fe26a1325be266ba40c34a836
Re: Buhari: I'm In Dilemma Over Power Privatisation by rapistbuhari: 6:22pm On Mar 21, 2016
obailala:
And he keeps calling others dumb even when he barely has functional cells up in his skull. Chai!!

Kindly point out where you read/heard Buhari say the bolded part of what you just quoted?
Forget the sentimental and bigoted Nl half-baked stories.
Always endeavor to get the clean breast of matters by visiting more reliable sources.

http://www.vanguardngr.com/2016/03/power-situation-nigeria-no-longer-laughing-matter-buhari/
Re: Buhari: I'm In Dilemma Over Power Privatisation by tiwiex(m): 6:23pm On Mar 21, 2016
rapistbuhari:
Buhari is just getting to know that power situation isn't a joke. Very laughable.

I don't understand why Nigeria has been inflicted with diseased leaders like Buhari; a brain dead Quota system retired Army Major General/ a coup plotter who was tolerated by Obasanjo as a petroleum minister despite his incompetence.

He will surely deny ever making any pledge to add 2000 MW to the national grid by year end as always.

So the mronic junketeer now hopes to increase power from 1500 to 3500MW and later 2000MW, when he met it at 5000MW, so what has changed?
Even to maintain what he met on ground has now become an achievement.

Useless brainless demonic president. ‎
The day he appointed one minister to oversee power and works, I knew we don enter one chance. It shows the level of seriousness he put on the situation. That sector requires someone with strong managerial skills who has been eating and sleeping power for decades. Maybe even two ministers. Yet he gave the ministry half a minister. Abi ma quatre. This people think dem go just dey do crony appointments and magic will happen. Part of this mess can also be traced to that appointment.
Re: Buhari: I'm In Dilemma Over Power Privatisation by fortune1968: 6:32pm On Mar 21, 2016
dunkem21:
How did we get here in the first place ?

..Chai
ask jona
Re: Buhari: I'm In Dilemma Over Power Privatisation by eziokwubundunuwa: 6:32pm On Mar 21, 2016
The caption and comments completely differ from the actual message. He said the reason for privatisation is questionable. It was done for profit instead of for public interest which brings us back to corruption in the privatisation process.
Re: Buhari: I'm In Dilemma Over Power Privatisation by Alaanyihaji(m): 6:35pm On Mar 21, 2016
The truth about the Privatisation of PHCN is that those who bought the DISCOS all around the country are the real people that control every government in power in this country. Its not surprising that the hope of reversing the sale when APC won the elections ended up as wishful thinking.Unfortunately, the only new equipments the investors have purchased since they took over are Meters and brand new ladders for disconection of those who dont pay bills as and when due.God bless my country.
Re: Buhari: I'm In Dilemma Over Power Privatisation by obailala(m): 6:38pm On Mar 21, 2016
rapistbuhari:
Forget the sentimental and bigoted Nl half-baked stories.
Always endeavor to get the clean breast of matters by visiting more reliable sources.

http://www.vanguardngr.com/2016/03/power-situation-nigeria-no-longer-laughing-matter-buhari/
And you are very sure it is the president that is silly to make such a statement and not the Vanguard newspaper editors reporting trash?.... This same Vanguard guys who reported the story of $1=N1, but it turned out to be a case of 'story title' being totally different from the content of the report.

Now several news sites have reported this same story from Dailytrust to channelsTV and even NTA. But once again, your Vanguard newspaper must always find a way to manufacture stories. Below is the NTA link to the full transcript of the president's speech today. When you open and read it, can you kindly point out where the president quoted the 1500-3500mw figures which you and your Vanguard newspaper have just quoted?
http://www.nta.ng/news/president-buharis-address-at-the-opening-of-the-national-economic-council-retreat-on-the-economy/2016/03/21/
Re: Buhari: I'm In Dilemma Over Power Privatisation by Pavarottii(m): 6:42pm On Mar 21, 2016
Goke7:
That was what the privatization stuff was all about which is what PMB is asking whether it was actually in the interest of the Public.
My friend shebi LordAdam warned u not to comment on anything u don't know about?

Stubborn zombie.
Re: Buhari: I'm In Dilemma Over Power Privatisation by Krismart(m): 6:44pm On Mar 21, 2016
LordAdam:
Yes. When you accept that your first comment was made out of ignorance, lack of patriotism, unintelligence, and bigotry...

-Lord
Guy just shut up
Re: Buhari: I'm In Dilemma Over Power Privatisation by authority2006(m): 6:47pm On Mar 21, 2016
pafun:
[size=14pt]
No, the private companies who bought it like to donate money that's all . Dis man no go kill pesson with laugh. Go school you no gree grin grin grin grin[/size]
Go school, you no go gree. Buhari wasn't referring to the private firms that bought power sector, he was referring to the government that sold it. Chai!
Re: Buhari: I'm In Dilemma Over Power Privatisation by LordAdam: 6:50pm On Mar 21, 2016
Quakertellicus1:
To answer your question....no.

I opposed GEJ....but privatizing power was one of his better ideas.

For a start....the transmission system is in a complete mess. Fixing it is going to take trillions of naira.
Thank you.

OBJ spent $15b to generate just 1000 MW and someone is against privatization.

Nigeria needs around 160,000 MW for complete uninterrupted power supply nationwide for residences and commercial establishments. Even if we happen to cut out corruption and saboteurs from a government-run electricity company, we'd need around $160b to generate half of that amount at the rate of $2b/$1000MW.

That's just generation. Transmission as you said it is barely functional and can only get wheel 6000MW currently. So we need to build an efficient transmission network to wheel such high capacity. Then there is distribution to worry about. We don't even have enough prepaid meters in Nigeria.

In spite of all this, some educated illiterate thinks we should maintain the status quo of wastage.

Do you know that the federal government made virtually nothing as net profit from the sale of the distribution part of the business? The around $2b/N400b made from it was used to settle the defunct PHCN workers with huge severance benefits (around 50,000 of them). In fact, the government is still owing around 1500 or 2000 workers. These workers will still be paid pension.

Also, we should remember that in 20 years PHCN did not employ a new engineer, but within months of privatization, the gencos employed over 2000 young engineers.

Another Jonathan in Nigeria is a figment of imagination. Was he perfect, NO. But his policies were the best ever in this country.

Everything from IPPPS to FOI to Auto policy to Fertilizer policy to Rice policy to Nollywood policy to Space policy to rail policy to free and fair election legacy were a blast back to back.

Buhari is worse off. If GEJ fought corruption like the way Buhari is currently fighting corruption, this country would have gone up in flames.

-Lord
Re: Buhari: I'm In Dilemma Over Power Privatisation by LordAdam: 6:52pm On Mar 21, 2016
Krismart:
Guy just shut up
You na human being?

Wetin dey work you?

-Lord
Re: Buhari: I'm In Dilemma Over Power Privatisation by LordAdam: 6:57pm On Mar 21, 2016
Goke7:
That was what the privatization stuff was all about which is what PMB is asking whether it was actually in the interest of the Public.
Sharrap!

When the power improved in the first few months of this administration, who benefited? Was it not the public?

The major problem now is generation and the generation part of the electricity company is still majorly run by the government except for a few gencos like Shiroro dam. So, ask Buhari and Fashola why the cannot generate enough power for the discos to distribute.

Jor shift. People dey discuss power problem, you carry yourself kon sitdon for thread.

-Lord
Re: Buhari: I'm In Dilemma Over Power Privatisation by Misterdhee1(m): 7:07pm On Mar 21, 2016
nnachukz:
What isn't he confused about in his administration? He is virtually confused about everything. Bubu leave governance and traveling around the globe, go and look for your land in Ph.
After which, you will take over abi?? Postelectionhurt#
Re: Buhari: I'm In Dilemma Over Power Privatisation by pamdaniel(m): 7:16pm On Mar 21, 2016
dilemma? i guess not, its confusion
Re: Buhari: I'm In Dilemma Over Power Privatisation by cele360: 7:24pm On Mar 21, 2016
ordinary fuel is scarce, pls this govt should stop promising and just bring to past at least one of d change they promised us, fuel scarcity everywhere since Buhari became governor
Re: Buhari: I'm In Dilemma Over Power Privatisation by amaben2020(m): 7:26pm On Mar 21, 2016
NgeneUkwenu:
Must you comment even when you don't have anything to say?
tribal bigot, you should quit Nairaland cos you're disturbing us with your insane tribalism skills
Re: Buhari: I'm In Dilemma Over Power Privatisation by SeanDada1(m): 7:27pm On Mar 21, 2016
Islie:
http://www.dailytrust.com.ng/news/general/buhari-i-m-in-dilemma-over-power-privatisation/138825.html
That's what you get when you appoint non professionals, quacks like fashiola, amaechi to run sensitive ministries, instead of competent engineers and tested professionals. Your dilemma just dey start! Clueless president!!!
Re: Buhari: I'm In Dilemma Over Power Privatisation by Amanwulu1(m): 7:39pm On Mar 21, 2016
NgeneUkwenu:
Must you comment even when you don't have anything to say?
pls what is d plan of dis president on dis? It's gud to ask so dat we do not repeat d mistake of believing a bogos promise, like madmen, witout any form of rationality. His goal in d power sector is commendable if only he knws hw to go about it bt I don't think he does.
Re: Buhari: I'm In Dilemma Over Power Privatisation by Amanwulu1(m): 7:44pm On Mar 21, 2016
Goke7:
When you are tired, let the moderators know. Ignored!!!
I expected u to ignore Lord wen u said so or has d word ignore another meaning?
Re: Buhari: I'm In Dilemma Over Power Privatisation by Deepfreezer(m): 7:55pm On Mar 21, 2016
mynd1 again.
Re: Buhari: I'm In Dilemma Over Power Privatisation by Kagawa10: 8:01pm On Mar 21, 2016
LordAdam:
Sharrap!

When the power improved in the first few months of this administration, who benefited? Was it not the public?

The major problem now is generation and the generation part of the electricity company is still majorly run by the government except for a few gencos like Shiroro dam. So, ask Buhari and Fashola why the cannot generate enough power for the discos to distribute.

Jor shift. People dey discuss power problem, you carry yourself kon sitdon for thread.

-Lord
Wetin improve in the first few month?
You ipod loser should just shut it already.
Re: Buhari: I'm In Dilemma Over Power Privatisation by agbangam: 8:10pm On Mar 21, 2016
After going thru most of d comments, I just feel terribly sorry for diS country and her youths.
U mostly see insults, hate speeches wit no reasonable comment on how to move d country forward. My questions is dat shud we go back to d Umbrella pple dat wrecked dis country for 16yrs or shud we @least be patient wit d broom pple for d nxt 4yrs and see if der will be improvements.
May God direct our present leaders right to help us overcome dis present challenges.
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