Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba - Politics (2) - Nairaland
Nairaland Forum › Nairaland General › Politics › Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba (17340 Views)
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by Bobby4090: 8:53am On Apr 01, 2016 |
My over rated Super-Minister Fashola, that attack Tinubu directed on Kachikwu ought to have been directed at you. Cos so far you have been the worst minister in this admnistration. All the 3 ministries you over see are a failure right now. In terms of Power, you inherited 4500 MW but in the last 3 months now its been like 1500MW. Yet you went ahead to increase the electricity tariff fraudulently and without moral and legal justification. In terms of roads, how many kilometers of federal highway have you added to the existing ones since you took over. Yet you cry for new toll gates across the nation. Do you think the Country will allow you duplicate the fraud you and Tinubu did in Lekki toll gate which has now been abandoned in Ajah. Stop telling us stories, let us see and expirience your impact. To Whom Much Is Given Much Is Expected! |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by LadyExcellency: 8:53am On Apr 01, 2016 |
Patience Jonathan and her selfish interest. Thank goodness Fashola/Osinbajo has gotten this one right. Now we have one good story to tell about this government. |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by maxwel12: 8:54am On Apr 01, 2016 |
why |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by 989900: 8:54am On Apr 01, 2016 |
We need to open our doors/relax our laws for foreign investors for our power sector -- if we have to give them tax-free waiver for a couple of years, I don't care! Let's just get this power issue sorted by hook or crook! |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by Princewill1(m): 8:57am On Apr 01, 2016 |
IyaIode:JOKE OF THE CENTURY! Infact a yorubaman was behind the problem. "He said that it was important that two former ministers in the country, Prof. Barth Nnaji and Mr "Tokunbo Kayode", were on different sides of the dispute." |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by henryhemon(m): 9:00am On Apr 01, 2016 |
hemartins: ![]() |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by livinbygrace: 9:00am On Apr 01, 2016 |
Abeg I no wan dey read anything about this overhyped guy again. |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by callJesu: 9:00am On Apr 01, 2016 |
Ok |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by fitinwell: 9:01am On Apr 01, 2016 |
[size=18pt]Rubbish.... You guys better turn to wizkid, olamide, or Adekunle gold.. For technical advice.. If you guys are confused. [/size] |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by repogirl(f): 9:01am On Apr 01, 2016 |
Mtchew, no be dispute we wan hear jare! Na light we want. |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by ideylaff: 9:02am On Apr 01, 2016 |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by Bobby4090: 9:02am On Apr 01, 2016 |
chinchum:Mr. Man, are you his secret PR Officer. The man you are singing his praises is the worst minister so far. I dont believe in talks. I believe in action. How many kilometers of federal roads has he added to the ones he inherited . What of light, he has left it in a worse situation than he met it. Yet electricity bills have been increased fraudulently. Let us face facts and stop this your propaganda job. |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by fujirice: 9:04am On Apr 01, 2016 |
Good news. Now let there be light! |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by chinchum(m): 9:07am On Apr 01, 2016 |
Bobby4090:like i said earlier, leave politics till late 2018, when the next national election will hold. One will have to be naive or simply political to expect so much from a 4 months old minister with the 2016 budget yet to be signed/approved. he has the largest chunk of allocation of the budget though, i bet there would be lots to see from him as the year progresses. I am no pr bla bla, but i like to observe things dispassionately, because emotions becloud objectivity. |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by livinbygrace: 9:08am On Apr 01, 2016 |
ideylaff:My guy that's the truth,the guy is just overrated.You can imagine for the last few months no electricity supply and I keeps getting exorbitant useless bill every month and he is there blowing useless grammar ,na grammar I wan chop?its painful . |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by kettykin(op): 9:19am On Apr 01, 2016 |
The previous Story was an April Fool the real story is below okMeanwhile, after years of prolonged controversies from its failure to respect and enforce the terms in the ‘ring-fencing’ agreement it reached in 2005 with Geometrics Aba Power Plant for distribution of electricity generated from the plant to Aba and Ariaria metropolis in Abia State, the federal government has finally retraced its steps. Government is now negotiating a settlement between parties in the dispute, Geometrics Aba Power and Enugu Electricity Distribution Company (Disco). Fashola, said yesterday in Abuja when both parties in the dispute put pen to papers to formalise the agreements they reached after their reported six months long out-of-court negotiation, that commonsense had finally prevailed against the long periods of contest for rights. In 2005, the government reportedly concessioned Aba and Araiaria as the only security for Geometric to invest in the independent power project instead of the normal sovereign guarantee. The same government however abandoned the concession agreement when in 2013 it unbundled from defunct Power Holding Company of Nigeria (PHCN) Enugu Disco and sold it including the concessioned units to Interstates Electrics, this subsequently sparked up the dispute. Fashola explained at the meeting that the new development was momentous for Nigeria’s power sector. He described the decision of both parties to settle the dispute which was foisted on them by government’s decision as a win-win for the people of Aba and Nigeria. According to him, the negotiation was first brokered by Vice President Yemi Osinbajo who then handed it over to the ministry of power to continue with. He said apart from parties in the dispute, several individuals including former military Head of State, General Abdulsalami Abubakar and Permanent Secretary in the ministry, Mr. Louis Edozien played key roles in the negotiation and final outcome Fashola stated that with the formalisation of the negotiated agreement, the Bureau of Public Enterprises (BPE) and Nigerian Electricity Regulatory Commission (NERC) would now be asked to amend the licences of both Geometrics and Enugu Disco to reflect the agreements that were reached. THISDAY however learnt that parts of what was reached by both parties included Geometrics getting back the ring-fenced units, as well as Enugu Disco buying the excess power that would be generated by the gas-fired plant. Former Minister of Power, Prof. Bart Nnaji and founder and former chairman of Diamond Bank, Mr. Pascal Dozie, led the team that signed the agreement on behalf of Geometrics, while former Attorney General of the Federation and Minister of Justice, Prince Adetokunbo Kayode, led that of Enugu Disco. Fashola however said: “Commonsense will make more meaning to the people of Aba, it will make more meaning to the traders in Ariaria, it will make more meaning to our goal to produce more made in Nigeria goods because I know what is possible in that place. I used to shop there, I used to do business there and I know they make suites, they make good shoes and so they need power. That is commonsense and that is what you have achieved today.” He further noted that: “Commonsense is also the realisation now that the electricity market is just beginning and many things will happen because there are many things that can happen that we have not even began. What has happened today is to show that within one Disco, there can be two players and that is a ground breaking event today. There are many more blessing and more hopefully.” According to him: “With this now, investments of over $500 million can come in there (Aba and Ariaria) and feel safe, they can expect to see power delivered within a few months down the line. More importantly, you will see peace more than victory and I think this is the way to go.” “I think these are some of the silver linings that we can see from our energy crisis. The power coming from Aba is defining because we do not have enough now,” he added. In his remarks, Kayode said: “We thank you for your personal and official interest in resolving this intractable dispute between Interstate Electrics, owners of the Enugu Disco and Geometrics over Aba and Ariaria. “I want to make it very clear that it has always been the intention on our side in EEDC to resolve this matter. It is just that we went to court but then we thought that it would make common sense to sit together with the support of government to resolve all issues between us.” He further explained: “We have also laid the foundation for future partnerships because as soon as power begins to come out of the plant, we will take it for our own part of Enugu Disco and other parts of Nigeria. “With the agreement we have signed, we are now positioned properly to deliver more power to the people of the east and the added advantage is that it has given the EEDC a charge to put on its thinking cap and expand its business opportunities in the east.” Nnaji on his part noted that the parties eventually realised that it was better to sit and negotiate a resolution to the controversy than continuing with the court sessions. He added that the vice president had in his first meeting with them stated that he wanted the parties to adopt a different approach to resolving the issue. “Today to us is historic in the sense that a sector that is supposed to be largely private sector driven has seen its major crisis resolved and it is wonderful that it is being resolved by the effort of the minister and this administration, and we thank you very much for the effort you have put to see this happen,” he said. According to him: “Everybody had recognised that it was a mistake. We all went fighting in the court but sometimes even when you win in courts, you still have to find peace and that is what we have done here, we have achieved peace and we have achieved progress.” |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by Fadekebisola(f): 9:29am On Apr 01, 2016 |
Gkemz:which new development..to me this report in incomplete.....so who now supplies aba with electricity i just hate Nigerian newspaper reports....they lack the ability to shade light at what resulted to the dispute and how it was settled cum who now supplies....smh |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by bueze046(m): 9:29am On Apr 01, 2016 |
Get yours now!.
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| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by trappatoni(m): 9:30am On Apr 01, 2016 |
kettykin:LET US WORK TOGETHER, NIGERIA WILL BE GREAT AGAIN. |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by Fadekebisola(f): 9:33am On Apr 01, 2016 |
LadyExcellency:u guys amaze me oo....from this write-up now who do u think now supplies aba with electricity....it wasnt stated...so why ur comment |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by Abee79(m): 9:55am On Apr 01, 2016 |
I noticed that Fashola has really aged since he became minster of Power, Works & Housing ![]() |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by persius555(m): 10:00am On Apr 01, 2016 |
chinchum:Lets hope nigerians allow the man to work. Yes, his approach might seem favourable to the DISCOs at the onset. As time goes on, fashola has a way of making entities work without allowing room for excuse. |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by adonisvg(m): 10:09am On Apr 01, 2016 |
IyaIode:Stupidity raise to power infinity. |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by asha80(m): 10:10am On Apr 01, 2016 |
kettykin:it is still basically the same story..read the third paragraph well...it has been resolved and both parties signing the final agreement |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by eagleeye2: 10:11am On Apr 01, 2016 |
Fadekebisola:Read the other version from Thisday. Geometric will now supply Aba and Ariaria with power. |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by ahaz: 10:24am On Apr 01, 2016 |
kettykin:good one fash..at least that's what you. are trained for before one olodo from daura way say him name na buhari, come forget say u be lawyet carry work wey pass u give u and u come mumu acept |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by Nobody: 10:31am On Apr 01, 2016 |
hemartins:IKEDC and Eko distribution company are fighting with the unions. Dt one na serious matter. The PHCN staff leader and the EDC chairman were on channels last saturday tearing eye for each other. The PHCn staff said no one is listening to them so they must go on strike to get the DISCO's at the table, dt it was never like this when they were dealing with the government. The EDC chairman said the staff are sabotaging the whole system wt their strike just to get what they want. Nothing was resolved. Now i know why business men all over the world HATE workers unions. Im sure they didnt think of that when they were investing in d sector. |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by chidozieikeji2: 10:59am On Apr 01, 2016 |
IyaIode:shut up and stop talking nonsense wich yoruba blessing to hell with such yoruba blessing ndi ofe mmanu |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by Fadekebisola(f): 11:09am On Apr 01, 2016 |
eagleeye2:alright. |
| Re: Fashola Settles EEDC And Geometric Power Dispute Over Supply To Aba by StunningCEO: 11:26am On Apr 01, 2016 |
Aba represent the main proponents of anti-Nigeria sentiments....that is the dilectors power base..... ...the FG should therefore not be doing anything for people who want it to fail ....Fashola should be warned.... ![]() |
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...the FG should therefore not be doing anything for people who want it to fail