₦airaland Forum

rvp2018:
Okay. I dont think problem is technical - I think problem is commercial- it starts with metering - and until that is sorted - this yet another wasteful expenditure like Obasanjo one.

The solution has to start in installing pre-paid meters - and sending army or someone to remove all illegal connections - and making it illegal to connect illegally.

Once you do that - supply companies - will have money to pay distribution companies - who will then run the turbines. With money flowing - they will then have money to invest in technical stuff.

But if you think the problem is transformers/turbines/transmission wires - you're going NOWHERE. Broke supply and transmission companies will not run the turbines or have staff to fix transmission issues.

The total cost for Nigeria to fix electricity issues - is zero - just send the army with power companies armed with millions of pre-paid meters - and within a week - Nigeria's power companies will be swimming in money.

Over 6m meters are being currently installed all around the country, it's a holistic plan.


https://punchng.com/world-bank-cbn-fully-funding-six-million-meters-fg/

Generation is being upgraded.

Transmission and distribution, these things take time

You've met Nigerians, very impatient.

They were subsidies on power too, they have been successfully eradicated, so as far as the ongoing installation of prepaid meters is a success, Discos would start running a profitable business for the first time.

jl115:
if the state has to bail out private companies then those companies are not private and the market is not capitalistic in nature.

The industry is just a huge mess.

rvp2018:
The he is the best. Electricity issues will for example be sorted by dealing with supply/distribution and generation companies issues. Those are business that are inefficient - and you need a business mind to figured it out.

The same way Dr. Ngozi Okonjo-Iweala fixed Nigeria banking - and now it's the only sector in Nigeria thriving - is what is required in other sectors.

The power issues are currently being sorted

Nigeria got a deal from Germany to upgrade its transmission lines(largely the cause of power outages and grid collapses)

Similar to the one Egypt got. A $2.3bn deal(Technology transfer + 50% local content)

https://new.siemens.com/ng/en/products/energy/topics/presidential-power-initiative-nigeria.html

Although Mr. Tinubu would take all the credit, the first set of transformers would be arriving in the country in Q4.


https://www.thisdaylive.com/index.php/2022/04/27/siemens-deal-electricity-supply-equipment-to-begin-arriving-from-germany-in-september/

rvp2018:
Those are minor issues - how it sold - and for how much - is irrelevant. This something that is choking Nigeria economy.

You should not care who get it. Most of the time whoever get it will become saddled with debts - and huge staff - and will spend years cleaning it up - court cases and name it.

What you should focus is the objective of that privatization. If for example inefficient gov refineries will allow more Dangote to invest in the sector - then Dangotes or private investors - will create more efficient refineries.

The refineries are not working because of the subsidies.

Nigeria's downstream sector is comatose, largely because pump prices are fixed.

It is Nigerians themselves(The labor unions cheering from the front) that are the stumbling block to subsidy removal.

According to the Petroleum industry Act(PIA) subsidies were supposed to be gone 6 months ago.

They threatened now the state would have to spend +$7bn on subsidy this year alone.

Let the subsidies go, even the state would be able to run those refineries efficiently (although they are now the assets of NNPC Ltd, which is technically not owned by the state, courtesy of the PIA)

Pipelines transporting white products are about to be privatized so privatization of state assets is ongoing.

rvp2018:
The purpose of privatization is not for gov to make money. I can understand Russia type of messed up privatization but overriding reason of privatizing state own companies is to free the economy - to broaden capitalism - and that is magic that will create more companies/wealth.

Nigeria Gov should sell most of it's SOEs for one Naira....and move on. SOEs not only stymie the economy - they also become an albatross as it saddle gov with debts, guarantees and occasional bailout.

Sell nearly all SOES - and focus on being a regulator - capitalism or free market - will work the magic. If you privatize but still do not allow free market to thrive - then that is huge Russia like mess. Otherwise if Atiku bought gov SOES for cheap - but everyone is allowed to compete - soon his companies will go down - because the market economy is VERY BRUTAL.

Tinubu is a textbook capitalist.

Nigerian political parties are not ideological, it's just different gangs of the elite class hustling for power for the sake of it.

To run the country the way they feel would be best.

rvp2018:
The purpose of privatization is not for gov to make money. I can understand Russia type of messed up privatization but overriding reason of privatizing state own companies is to free the economy - to broaden capitalism - and that is magic that will create more companies/wealth.

Nigeria Gov should sell most of it's SOEs for one Naira....and move on.

I have no problem with this.

A lot of those assets are a liability to the state.

Like the refineries for instance(spending $ms to pay union workers for doing nothing)

But it should be done in a proper manner where all investors are given a level playing field and the best emerges.

If precedence is anything to go by, it will not be favourable to Atiku.

jl115:
exactly what the word suggests... If politicians have their hands in the cookie jar then it isn't free of Government influence... And thus does not adhere to the definition of privatization/ capitalism.

Tinubu is also a major proponent of privatization and less state interference in business.

This was what boosted investor confidence and what ultimately transformed the fortunes of Lagos.

Even Buhari who is traditionally conservative has piloted several privatization initiatives.

Nigeria's power challenges are largely linked to the privatization of the National power company.

He led the committee that sold state assets to politically exposed persons(his cronies) with no capital to invest and sustain the business.

Now the state has to pay $bns of bailouts to these failed companies to run their business.

Now he is proposing to do more damage to critical sectors of the economy

jl115:
just reading this statement without knowing anything about him I'd pick Atiku!!

Yeah privatization, but to his cronies and himself for 20% the value of state property.

Rickmann:
Okey actually made some sense here..that's the true federalism we talking about..it will also help decentralize a lot of things to reduce the workload at the top.

"True federalism" is what politicians throw about once in a while to stir up the polity and distract Nigerians.

The State government has a lot of powers, they will be more powers given to them if the Constitutional amendment bill is passed.

It would also make the local government and Judiciary autonomous by law, freeing them from the seemingly perpetual captivity by the governors.

Look at how the governor has everyone distracted with all eyes on Abuja.

I'm sure your State governorship election would likely be a rubber stamp.

Damn, I'll bet all I've got that you don't know the name of your councilors or Chairman or even. worse what they look it.

But your local politicians got you sweating about Abuja (where the vast majority of Nigerians only watch on teli).

Governance is local, if it doesn't work there it will never work.

BabydiHot:
the youths are coming

they have no manifestos to campaign with apart from their usual old tribalism and tribal card tactics.

But we'll remind them that tribalism won't bring back dollars to at least 400
tribalism won't bring back fuel to 95 naira
tribalism won't send our undergraduates back to school.
tribalism won't fix our security.
tribalism won't develop our economy.

2023 will be the youths vs the criminals
it won't be business as usual.

I find your naivety maybe its ignorance admirable.

So P.O will return the dollar to 400?

Or fuel price back to 90/litre?

Rainbows and unicorns, that's what you're been sold.

The economy doesn't work that way, it's only in the "ride under the sunset" story books you'll find this.

Nigeria has a huge budget deficit, partly due to oil subsidy payments.

If anything PMS prices would shoot up next year, as the subsidy would be eradicated.

The NLC(major backers of LP), also staunch socialists have no option but to back it.

So you better understand why you're voting, and why you're voting who you're voting so you don't get disappointed and begin to wail again.

kabe1:
That individual has a very active imagination. He has successfully grown a large following on twitter through deception, illogical propaganda and the incessant spread of Fake news.

It is crucial that Nigerians, like myself and others here, continue to call out his fake news. We already have a negative perception, it makes things worse to have an individual on the loose fuel that perception even more.

That's what's at stake here.

So, NO!!! we cannot let his ridiculous fake news fly.

Ehn, no wahala. But let's put out disclaimers without the usual lacing with insults abeg

Odunayaw:
You for de like to follow matter from beginning

One person dropped one of his misleading posts here, of which it was debunked. If guys weren't on hand to do that, Jah alone knows the extent that fib will have gone

Fake news is venomous. As i de sef, i don tire to de treat symptoms. It remains reporting his posts as fake to Twitter

I agree that a lot of his assertions are imaginative.

But you can't fault the man for being an artist.

Make peace reign abeg

P.S - The disclaimers are good, now everyone knows to take his assertions with a pinch of salt.

The last one that lead to this recent run, he posted himself

kabe1:

What a raving lunatic.

But these mob actions no good na? Haba.
Make una let the man be

BritishNaija:
You must be delude if you think you got schooled. Physic indeed.

weldone Oga, Please join our telegram channel

https:///battlefieldgroup02
Your presence will be very much appreciated

BritishNaija:
You must be delude if you think you got schooled. Physic indeed.

x

eldoradoxx:
I have criticized Buhari consistently from 2015 till date because I am fully convinced he has nothing to offer, but the greatest thing he has done politically is his refusal to sign that shit of legislation to allow official delegates who work for their masters be used to hijack the internal party primaries.
Nigerians don't understand how it is possible that your Governor decides who is your Senator, Rep members, even his successor in office. It is through special delegate status given to everyone in government whether elected or appointed to vote in their party's primaries. I don't have any issue with elected government official being a super delegate, what I have issues with is having unelected appointees and aides of the Governors and President such as Ministers, countless SAs, PAs, Governors aides, PAs and SA etc to flood the electoral process for their bosses. I heard of a Governor who printed appointed letter for more than a thousand persons as SAs and PAs all for the purpose of using then hijack voting in their State Congress and elect whoever the Governor wants as candidate of their party. This is what Buhari's refusal to sign the bill has come to stop. Their thousands of aides and PAs and SAs can't vote except they were elected at their Ward Congress. Kudos to Buhari on this

Ben Ayade, God dun punish am.

He didn't even pay them for one month and they are in their thousands.

Now san -san dun enter Garri. Politics eh?

PetroDolla2020:
Sharaaaap. Kinetic, my azz!

Nigerian military with their kinetic, non-kinetic and yet boko haram boys are chasing them in their barracks which yeye kinetic be dat? Kinetic, kinetus, who gives a fvck? Just to fight bokos and criminals, nigerian military is forming kinetic, non-kinetic

People are being killed in sokoto today. What is the kinetic military doing about that? nonsense!

You sabi when you nor hold ram head well for Sallah, e comot for your hand scatter the place like who dem pour hot water?

na wetin you just do untop my post be that

PetroDolla2020:
The Ghanaian military has a distinct and excellent international rating as well-trained, mobile and professional soldiers Go and check their ratings at UN peacekeeping forces.

The Nigerian military is one of the worst in the world. They are only good at molesting civilians

They said you should mention successful operations(Kinetic and Non-kinetic) successfully carried out by the Ghanaian Armed forces and you're deflecting and jumping upandan

Chai,! Eva! which kind life be this? RIP bro

sokera:
they are not innocent, they are same people on social media attacking south-west leaders after they relocate from their evil land to yoruba land …

You mean >4m people that would most definitely be your friends and neighbours paying their taxes like everyone else and possibly complaining of food inflation like you.
That you want to lead mobs to kill and destroy their livelihoods?

BJanta:
Obasanjo would still have won without the Ibos's vote. And besides , Obasanjo never was , and never can be, the Southwest's choice. Olu Falae was the Southwest 's choice and AD candidate. AD was the Southwest "s party. Obasanjo was the PDP candidate the North's choice, and the Ibos voted for him to spite the Yorubas. Why is so difficult for an average Iboman to steer clear of lies ? Go and check the results from the archives , did the Yoruba themselves vote for Obasanjo in the election you're talking about? Was the south-west not firmly in the hands of AD ? Your brother has confirmed what we've told you persistently. No Iboman can get there unless is dashed. Who will now dash golden bracelets to pigs ?

Whether the SW voted for him or not, he is a Yoruba man.

You see hold two oranges for your hand tell me say make I carry one, I carry.

You come de talk say na Apple I carry. nawa o

sokera:
Igbos have never support the political wish of the sputh-west .. exactly what they are doing to Tinubu now was what they did to Awolowo, Akintola, Abiola, Olu Falae and now they are showing the hatred to Tinubu... its a free world but this generation won't tolerate ppl that undermine our political greatness to continue to survive in our space ... if anything happens to Tinubu the south- east should be ready to face it in the entire of south- west particularly in Lagos we will shutdown and burn down their businesses ...

Ah-ahn bros, what did innocent people living their lives day to day do to you?

Bitterness is not good oh, try de calm down

GeneralDae:
There are reports of very cheap fuel in Benin republic and Cameroon also, and you ask how is that possible? They are leveraging on our subsidy.
Subsidies should go but my advice is that we give it a 2 year plan, then invest heavily on CNG vehicles as alternatives and then also solve the problem of irregular power supply within 2 years. After that, then we can gradually remove subsidy in the petroleum sector.

Yes CNG is the way to go. We don't have any excuse, this is what the labour unions should be clamoring for.

The money we've spent on subsidies for the last 2 years would be enough to build the Lagos - Calabar railway without loans.

Just40:
how on Earth are you complaining about cost of living in Nigeria when it is one of the cheapest?

Which Francophone country are you talking about, I know of Ivory Coast and the cost of living there is really high compare to Nigeria

we are saying the same thing brother

GeneralDae:
The same people that accuse Buhari of not running a completely liberal free economy want him to subsidize everything. Electricity, Fuel, Diesel, you name it. Nigerians sometimes don't know what they want.

If you visit Francophone countries, you'll ask yourself whether it's not the same Africa we are.

The cost of living in this country is so much cheaper here all thanks to the government subsidies.

If you ask me, it's these subsidies that are the major cause of our problems.

All our refineries are short down because of subsidy

Power is not working because of subsidies

CBN spends $2bn every year to subsidize the dollar for Nigerians

Nigeria subsidies petro for the whole Subregion, let some of these subsidies go, Mbanu. yet na still we go complain

rvp2018:
Natural resource curse or paradox. Nigeria airlines suspend flights - they cannot afford to buy oil - that is found plentiful in their country

Nigerian airlines are to suspend all flights from Monday over rising jet fuel prices, an umbrella organization of operators said on Saturday.

https://nation.africa/africa/news/nigerian-airlines-suspend-flights-over-soaring-fuel-prices-3808566?fbclid=IwAR0LzMjHDW9j4Zd6TzSqT_PfnkzFiiJrKEcy2L2KzqK_D0Yz2KGv8kKvyag

A classic blackmailing technique that has failed, the strike action has been suspended

AGO and diesel are not subsidized by the Govt like PMS.

Truckers are crying too, so do they want the Govt to return subsidies to diesel?

They should increase ticket prices if their cost of operations has gone up. This blackmailing tactic is now becoming a menace in this country

Government funds are taxpayers' money, All this labour unions forming cartels are the cause of these strike actions that are crippling the economy.

Greedy University lecturers are currently on strike holding everyone to ransom

rugged7:
THUNDER FIRE your impotent dikk & your left yansh.
Biafra FOREVER modafuqqers!!!!
Nwanne if it's a hit, aka anyi diyaaaa!

The Biafran National Anthem
Land of the Rising Sun
Land of the rising sun, we love and cherish,
Beloved homeland of our brave heroes;
We must defend our lives or we shall perish,
We shall protect our hearths from all our foes;
But if the price is death for all we hold dear,
Then let us die without a shred of fear.

Hail to Biafra, consecrated nation,
Oh fatherland, this be our solemn pledge:
Defending thee shall be a dedication.
Spilling our blood we'll count a privilege;
The waving standard which emboldens the free
Shall always be our flag of liberty.

We shall emerge triumphant from this ordeal,
And through the crucible unnscathed we'll pass;
When we are poised the wounds of battle to heal,
We shall remember those who died in mass;
Then shall our trumpets peal the glorious song
Of victory we scored o'er might and wrong.

Oh God, protect us from the hidden pitfall,
Gu/de all our movements lest we go astray;
Give us the strength to heed the humanist call:
'To give and not to count the cost', each day;
Bless those who rule to serve with resoluteness,
To make this clime a land of righteousness.

Don't take this the wrong way or anything but, your anthem sounds like all you want to do is survive.
(from an unbiased observer)

virginprincess:
I don't know why you guys are pained,did i do anything different from what you people do to nigeria women everyday,you guys keep using derogatory words on women but when the table is turned you guys become bitter.

So it is because some men call women derogatory names, you do the same and generalize?

Is this not hypocrisy?

NurseMaryUSA:
With so many scams going on how can an African American female find a serious African man to marry. It doesn't seem like many African men are interested in marrying us. Is there an African based dating website?

You'll have to come to the continent. You're choosing a life partner, not a boyfriend.

There are a lot of good men and bad men as it is everywhere in the world.

The cultures are very different of course. There are a lot of things AAs do that would shock an average African and vice versa.

But you have to come to the continent to make that choice when you're ready, this are things of the heart it is imperative you do it with absolute caution and an open mind.
I wish you all the best.

PS: There is also a large African community in America, the easiest place to meet African men is the churches.
So you can explore your options there.

rvp2018:
You dont understand squat about human capital.
A few doctors or engineers will not cover Nigeria unclothedness where millions of kids are outside school
Millions others are in Almajiri informal muslim schools.
And your country education is one sick joke.
Health sector is almost dead.
Nothing works.

Now kenya very high HCI stems right from it's historical focus on education.

The almajiri system has been a plague on this country. largely attributed to irresponsible parenting.

Nigeria there 80,000 doctors half of that number are in the diaspora


https://www.google.com/url?q=https://punchng.com/over-38000-nigerian-doctors-are-in-diaspora/&sa=U&ved=2ahUKEwiFv8Tap8_3AhXJ0KQKHWe5CLEQFnoECAUQAg&usg=AOvVaw06owtpUnD4aGMjcGEKgLpy

There education system in this country is plagued by funding issues caused by large state subsidies(on petro, Electricity, $, Education) 10s of billions of dollars are spent on state subsidies every year.

This is a very big problem

Kazikazi:
I think the DRC has more advantage,but peace and leadership are big problems for them.

I'd love to see them flourish and prosper, you're right. This is the only country that can give us a run for our money

GeneralDae:
Yeah, when Kenyans say human resources you'll think their humans (the Kenyans) are the most innovative in the continent. They are doing okay no doubt but RVP is exaggerating this human resources thingy.

Nigerians are the largest contributors as far as human resources are concerned in this continent.

The exploits of our doctors and teachers are just a few to be mentioned.

so when he talks about human resources and compares his country with Nigeria, he must be living on a different planet