Theoctopus's Posts
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Kelklein: dear GEJ apologists...looks like try this height of joblessness now makes some people to reason with their Kidney..Are you sure you are a student? You sound terrible. shameful |
ismhab: This Mr. President is a liar, u promised each and every state that does not have airport with a domestic one, just because u remodeled the Enugu international airport does not mean u build new domestic airports in the state that does not have any one of it.That your state that people only travel out when they want to go for hajj? SMH. |
agitator: Sorry, if you like shed tears, your almighty Lagos IGR just reduced. Hope this can be replicated in other cities and the ports.That is a huge chunk of revenue that just left Lagos. Airlines taxes, fuel, staff, haulage, goods clearance and general business activity around the airport. It is happening gradually |
Symphony007: How does an airport in enugu help the nigerian economy? As of now, no nigerian airport ranks amongs the best in the world but they keep building the useless things. How about spending all these money on a new MMA with more terminals, runways,gates,etc...so at least we can have "one" airport befeating our status as an african leader.Sorry, we are diversifying now. No more lopsided development in favor of Lagos state. It is the turn of other regions now. Thanks but no thanks! |
[quote author=2s£xy]I am not satisfied. I really need to be educated on this because a lot of us seem to belief it is such an heculian task to embark, and further reports have painted it so. How come Benin Republic has constant power and 'Gaint of Africa' does not? What does it take? What steps?[/quote]It is indeed an herculean task to provide constant power for 170 million people. Make no mistake about that. But the real problem is, there has to be a process that will start and continue from administration to administration. No country in the world built their power infrastructure in 4 years. Not even in 10 years. If successive goernments having been adding their quota to the process, we should have been on at least 20,000 MW. There was a major gap from the 80s to the 2000s. There was no serious development of power infrastructure between 1980 and 2005. That is a 25 years gap. During that period, our population probably doubled. Some transformers in some communities today were installed as far back as 1975. So it is really not difficult to understand how this whole thing deteriorated. Obasanjo tried to start something but couldnt achieve much in terms of building the infrastructure. Yaradua's 3 years was dormant. GEJ came in and did what a focussed president should do and that is, attack the problem systemically. It takes years to build power plants. Especially when you consider that we dont manufacture any part of the process here. Everything apart from the gas or water is imported. |
Just to add that I did confirm from PHCN staff yesterday that they have been getting paid. So give and take, by end of september, we will have completely new faces and new business entities to relate with. Now we know where to go to lay our complains and who to hold responsible. No more buying of transformer for PHCN or extortion. Hopefully, before december, when the new companies have fully settled, the issue of wrong billing will be gone and the prepaid meters will be distributed. Happy days are here again! |
MEILYN: The same story, Just talk, no Action.............How is several companies paying billions of dollars just talk? Abi you never chop dis morning? lol |
FineBro: Give us Steady Light.The good thing now is that this your demand will soon be going solely to the new power sector owners. Happy days ahead! |
[quote author=2s£xy]All I want is Constant Power Supply... Why Does Ghana, who we supply power, have constant power supply and we don't? Can someone explain?[/quote]Because OBJ, Buhari and all other past leaders did nothing. |
rozayx5: waiting for APC Lapdogs to commentIgnore those touts. They dont count! |
ikenga67: There's nothing we cannot change in a generation if we can only apply ourselves. I will use Japan as an example. Prior to the 19th century, the Japanese were an ancient civilization which seemed to be stuck in time and like the rest of the eastern civilization had fallen way behind the countries of the west which were at the height of their imperialistic glory. So when the Westerners arrived at the shores of Japan, the Japanese realizing that they were technologically way inferior to your caucasians, and being a proud and essentially xenophobic race, thought they could deal with the problem by shutting their Island nation from the outside world. It took the American Commodore Perry and a few gun-boats to demonstrate to the Japanese that their ways were futile.In one breath, you contradict yourself and negate all your previous arguments. You have finally agreed with my point about the innate character of different societies. Under the same conditions, most African societies would have responded differently. For example, after the civil war, the south eastern Nigeria responded by traveling abroad and becoming traders and business men all over the rest of the country, and coming back home in December to show off their wealth. The response could have been different in other societies. Maybe a certain society with a different mindset would have responded by coming together to forge a new society with ambitions like Japan. You could go on to blame many factors for that not happening, but the truth is, the response was mainly influenced by the mindset. Another example is the northern Nigeria. They have been saying they are educationally disadvantaged since the 60s, yet they have never been able to develop a good educational system and standard for their region. Even with their own people having ruled for decades. Again, you might want to blame several factors for this, but the point is, their society just has the wrong mindset. Even the so called disadvantaged masses are not willing to change their lot. Every society needs revolutionaries to kick start it and drive it. Mandela revolutionized SA from the prison. |
emiye: As regards to the emboldened statement above, you are re-iterating my point, as this applies to individuals and nations. That is why i called you out not to hide under religion in this debate.No one needs to hide under religion or any other thing for that matter. If I say "God can help us" for example, I am expressing my belief in God and you have no right to refer to it as hiding under religion. Life is both spiritual and physical. If you dont believe that, then it is your own cup of tea. Science and research dont have all the answers and will never have. If it could, the western nations will not be in as much mess as the rest of the world. |
• Vigeo Consortium, nine more firms pay up •NERC, NBET, IPPs meet on securitisation framework in power sector Chineme Okafor Thirteen of the preferred bidders for successor generation and distribution companies created from the unbundling of Power Holding Company of Nigeria (PHCN) have finally paid up their 75 per cent outstanding balance of bid prices for their acquired assets to beat the payment deadline, which expired Wednesday. Three of the bidders, West Power and Gas, Integrated Energy Distribution and Marketing Company and Amperion Power Company Limited, were the first to beat the deadline, as exclusively reported by THISDAY Wednesday. While West Power, the preferred bidder for Eko Distribution Company (Disco) Plc and Integrated Energy, for both Ibadan and Yola Distribution Companies paid up the 75 per cent balance for the distribution and generation companies being sold to investors through the privatisation process, Amperion made a part-payment of $45.16 million (N7 billion) for the 414 megawatts (MW) Geregu I thermal power station. By yesterday, it had paid the balance. THISDAY checks revealed yesterday that 10 more bidders met their financial obligations under the privatisation of the power sector while one of the bidders made part-payment to meet up with the final payment deadline set by the Bureau of Public Enterprises (BPE), which is superintending the privatisation process. Also yesterday, the Independent Power Producers Association of Nigeria (IPPAN) met with the Nigeria Electricity Regulatory Commission (NERC) and Nigeria Bulk Electricity Trading Company Plc (NBET) to address issues that could militate against its eventual construction of licensed power plants in Nigeria. It was gathered that the preferred bidders who had fully met the payment deadline as at the expiration of the 5pm deadline yesterday included NEDC/KEPCO, the preferred bidder for Ikeja Distribution Company; Vigeo Consortium, for Benin Distribution Company; 4 Power Consortium for Port Harcourt Distribution Company; Aura Energy for Jos Distribution Company; Kann Consortium for Abuja Distribution Company and Sahelian Power for Kano Distribution Company. Also, Transcorp/Woodrock Consortium, the preferred bidder for Ughelli Power Plc; Mainstream Energy Ltd, the preferred bidder for Kainji Power Plc; Amperion for Geregu, KEPCO for Egbin and CMEC/EUAFRIC Energy JV, which made part-payments for the acquisition of Sapele Power Plc, have met the deadline. Following the 75 per cent payment earlier made on Tuesday by West Power and Gas and Integrated Energy Distribution and Marketing Company for Eko, Ibadan and Yola distribution companies respectively, THISDAY gathered yesterday in Abuja that the BPE had as at press time confirmed the payments made by these bidders. However, Interstate, which is the preferred bidder for Enugu Distribution Company and North-South Power Company, for Shiroro Power Plc, might have missed the deadline for the payment of the 75 per cent balance because as at the 5pm deadline, their payments, if any, had not been confirmed. The privatisation agency had insisted that it would not grant the request for extension of deadline for the payment of the 75 per cent outstanding balance by the preferred bidders of the various generation and distribution companies. Following the rejection of the request, the BPE had from Tuesday begun to take in payments from some of the preferred bidders, starting with West Power and Gas, which paid $101.25 million as being full and final payment for the acquisition of Eko Disco as well as Integrated Energy Distribution and Marketing Company, which was said to have paid $160 million for the acquisition of Ibadan and Yola Discos. Sources close to the transaction stated that Vigeo paid $96.75 million for Benin Disco, being 75 per cent of its outstanding balance to acquire 60 per cent of the stake in the utility company, while NEDC/KEPCO paid $407 million as full and final payment for its interest in Egbin Power Station. NEDC/KEPCO also paid its 75 per cent outstanding balance for its acquisition of Ikeja Discos, which is $101 million; it had initially paid $33.75 million six months ago, being its initial deposit of 25 per cent for its acquisition. The duo of Transcorp/Woodrock Consortium and Mainstream Energy Ltd was also confirmed to have made payments to beat the deadline. In line with the privatisation transaction schedule and guidelines, it is expected that any of the preferred bidders that missed the payment deadline will automatically forfeit its initial 25 per cent deposit for its respective assets while at the same time losing its preferred bidder's status in the process. Some of the bidders had last week started to drag their feet in the hope that the payment deadline would be extended by NCP, which alongside the BPE eventually dashed their hopes on Monday when they both insisted that the August 21 payment deadline remained sacrosanct as stipulated in the Request for Proposals (RFPs). The bidders had expressed concern that the federal government had not been able to meet the conditions precedent that would give their lenders comfort to finance the acquisitions. Meanwhile, Eastern Electric Company, the reserve bidder for the Enugu Electricity Distribution Company, has declared its preparedness to pay $126 million for the takeover of the company, which provides power to the South-eastern part of the country. The company expressed its willingness in a statement Wednesday by its communication consultant, Mr C. Don Adinuba, following the inability of Interstate Electrics to pay the remaining 75 per cent of the bid price at the close of payment Wednesday. The consortium was formed by the five South-east state governments; Nestoil, a major indigenous operator in the upstream sector of the petroleum industry; Aba Power Ltd and Geometric Power Ltd, led by former Power Minister Bart Nnaji and Diamond Bank’s founding chairman Pascal Dozie, among others. “We have a robust and matchless combination of global best practices and the best experience of emerging economies. “We shall not have difficulty raising the funds. The Bureau of Public Enterprises is still holding on to our $10m bank bond raised when we were bidding for the Enugu Disco. “As all Nigerians must have known, the 141MW Aba integrated power project built by Geometric Power and which cost over $450 million is about to be commissioned,” the statement said. In a related development, IPPAN Wednesday met in Abuja with NERC and NBET officials to address issues that could militate against its eventual construction of licensed power plants in Nigeria. Amongst the issues raised by IPPAN as part of its challenges include, inadequate gas supply to guarantee its signing of a functional Power Purchase Agreement (PPA) with NBET, the seeming unsettled capitalisation status of the NBET as well as inadequate metering facility with the sector. Chairman of IPPAN, Prof. Jerry Gana, stated at a meeting with the regulatory authorities that its members were not fully convinced of the financial capacity of the NBET to make full payment guarantees for powers taken by distribution companies. He said: “We are working very strongly on adequate power supply, but some issues are still pending. We still have problems with gas supply. We can’t sign a PPA without gas supply. “Please help us remove that bottleneck. There is much more to be done. The issue of NBET and guarantee for power is also not fully resolved.” IPPAN also questioned the functionality of the World Bank-enabled Partial Risk Guarantee (PRG), alleging that it was not functional. But the Managing Director of NBET, Rumundaka Wonodi, explained that the agency had been recapitalised to make PPA payments to generation companies for up to six months on a stretch while remittances from distribution companies are taken in. Wonodi further noted that in addition to its existing financial outlay, the agency expects to take in about $100 million as part of three months security deposits from distribution companies, $350 million from the federal government launched Eurobond and $312 million escrowed by the NCP as proceeds from the sale of Egbin power plant. He further stated that parts of the proceeds from the sale of power plants under the National Integrated Power Projects (NIPPs) are expected to be given to it for recapitalisation, adding that the PPA framework has been tightly worked out to the benefit of the sector. http://www.thisdaylive.com/articles/13-bidders-pay-75-balance-for-power-assets/156944/ |
eddiebruk: I hope someday you will get a Government Job and be underpaid so that you will know what it means to get the standard of education that gave you the Job without getting the necessary salary, compared to what the senators share annually who should earn more...?What nonsense rant is this? Are they underpaid? You guys have gone on this your "fight government no matter what" campaign that you dont even know when you are fighting yourselves anymore. Nigeria's budget is 4 trillion. Why would any sensible government pay ASUU 92 billion as allowances? That is not even their salaries. So how much will the government now allocate to the university infrastructure? Ignorance is indeed a disease |
emiye: How did you conclude from my post that i am an atheist ?Did I say anywhere that you have to be religious to be rich? I am only responding to your insinuations that religion itself is bad. The principles of wealth and money making have nothing to do with religion. The bible clearly says God allows the sun to shine on the good and the wicked. If you follow certain natural laws, you will make money. Your wealth and religion study above is crap. It is one of those propaganda being spread by those who want to disprove God. The Arab nations are amongst the wealthiest in the world and they are religious nations. Religion has its good and bad. America is a religious nation. They have been a great religious nation for 200 years. The UK is a religious nation. They are founded on the Anglican communion. Back to the topic, the point is, you have to leave out these your postulations because they are full of holes. Man by default is a religious being and man by default is a wicked being. The bible clearly says that the heart of man is deceitful and above all things, desperately wicked. Africa needs good men who can dream and commit to their dream. If Nelson Mandela had spent all his life complaining about the government of the day, what will South Africa be like today? If Gandhi and Mother Teressa spent their lives complaining about bad government, what will India be like today? We need visionary men, not good government. The rise of visionary and dream driven men will force the hand of government and command the followership of the masses. But unfortunately, what we see out there right now are wolves trying to pretend they are sheep but they aint fooling anyone |
ikenga67: I suggest we open another thread in the religion section to trash out the theological debate. Lets keep this on focus. What are those countries again that were revolutionized by one of your great visionaries? Do we have to wait for you to read another of your great books before we can get that answer?What specific example do you need? Look around you. Every great country today is a clear example. From the USA to India to South Africa. I told you you should try and read more instead of just following social media. I will give you a head start. Go read about the puritans and free masons that built america, Ghandi that revolutionized India and Mandela that transformed South Africa. Go read about Mother Terresa. There are so many examples from USSR, China, Japan, etc. Wake up dud! |
ikenga67: Hahahahahah! And anytime your billions of faithfuls come across others of different faith or sect, they fall upon one another with a level of savage butchery that the devil himself will envy! If you keep going like this, I will just ask the mods to move us to the religion section.You seem to have some problem with understanding things. I will repeat it for you to grasp. Man is a religious being by default. Whether religious people are savages doesnt change that. And there is nothing that says atheists cannot be savages. So your point is not valid. Both religious folks and atheists have been known to express innate evils. That means religion is not the problem but the innate characteristics of man itself. You should read more and stop following CNN |
emiye: He is a typical nigerian, always hiding under religion.Man is a religious being by default. You cannot separate man and religion. Atheism is actually the worship of self. Some of you have got things confused but think you are somewhat knowledgeable. Its called spiritual blindness. lol. The world has one billion catholics, over 2 billion hindus and budhists, over 1 billion muslims and another about 1 billion pentecostal christians and then pagans. You atheists are in the minute minority and contribute very little to the world apart from propaganda and criticisms. lol |
ikenga67: Maybe if you break down what you are trying to say here, I could understand it and maybe respond to you. What "gloating" are you talking about? What kind of "revolution" do you exactly have in mind?. Tell me those countries that were "revolutionized by one man sitting in his room and working for days and nights to develop a plan".You always talk about not needing prayers but end up using examples of countries that believe so much in prayers, like South Korea. In fact, north Korea that dont believe in prayers but hard work, are not making much progress. For the rest, I see you have a myopic view of society. Government is not a group of people. Government is the people. If you can understand that statement, you can understand my previous posts |
wirinet: That is the problem that leads to fail businesses in Nigeria, it is vision and a desire to satisfy a need that should the driving force for entrepreneurship and not the love of money. If you enter a business venture because of love of money, you are destined to fail.This is what I have been trying to educate them for free. Visionary men build nations, not government. It is the activities of these visionary men that forces the hand of governments to act. Government in itself, has always been a lazy organization designed to collect taxes and make its sponsors rich. This is true for all countries, including America. The reason a government like the American government cant mess up is because there are too many visionary men in America, doing too many visionary stuff, so much that government cant sit back and relax. If the government of America relax for one minute, these activities will sweep them out like a whirlwind |
Audukaya: u hv to know that sme citizens are stubborn u need military style to control themSo how has it turned out? They have been doing this nonsense for over 25 years now and nothing has changed. Lagos is still a dirty place. Hasnt is occurred to you that it isnt working? Cleanliness is a culture, not a 4 hours a week exercise |
ikenga67: You give examples of American companies that thrived before the Sherman Act, companies whose monopolistic behaviours propelled the US to enact anti-trust legislations in the first place to justify what Dangote is doing in 21st century Nigeria?If you will only take of your excuse tinted glasses for a second, you will see that what you and lots of others are doing is called gloating. Why do you believe someone else is responsible for solving your problems in the first place. why do you have a we and them mentality? What is your contribution and participation in the whole revolution? And by revolution, I dont mean going to hold music jamborees at Ojota. Do you know how many nations were revolutionized by one man sitting in his room and working for days and nights to develop a plan? Blaming government is a lazy escapist ideology that will never help Africa and Nigeria in particular. There has to be a total change of the Nigerian mindset. How that will happen, I dont know, but I am praying seriously for that event that will catalyze it |
emiye: You are muddling up issues, have you heard about "root cause analysis" ?If you really want to talk about cause, then you wouldnt have mentioned corruption at all. Nigeria is not a nation to start with so you cannot expect anyone to have a deep commitment to her. We have no true sense of nationhood. It has been divide and conquer from day one. Even in 2013, a group of people are still saying power must return to them and someone is still deporting people to their states. That is what you call cause. |
chigodo: Maybe because Lagos is far more populated than Cross-River or what do you think?Cleanliness has nothing to do with population. Is new york a dirty city? |
ikenga67: If Dangote operated in America, he and all the government officials he has ever dealt with would be in jail for the worst manifestation of crony capitalism and serial anti- trust fraud ever visited on any country with the possible exception of Russia. How do you think that someone could make so much money from selling cement and salt and sugar, except that he hijacked the hapless governemnt to create absloute monooplies for those everyday easy to manufacture products?You just spoke like a true Nigerian with a victim mentality, no offense intended. There is no country in the world with clean businessmen. America has one of the worst Mafia business setups in the world dating back to the 18th century. In the 1930s, the mafia ruled the streets of America. Humans characteristics are not different all over the world. America is ruled by several business cabals. The Jews, Italians, Irish and English on one side. The Rockerfellers, Rothchilds, Bushes, etc on the other hand. Dangote knows absolutely nothing when it comes to monopoly. A typical American business firm is a bully. Apple has been doing everything evil in the book to subvert Samsung. Microsoft monopolized the PC industry for years with the help of the white house. Google is a US backed world monopoly. As for the profit margins, I am totally amazed at your post. Even if Dangote makes 10 naira from a bag of cement or salt, he will still break even and be in business. Do you know how many people use this products daily. Tinubu has made billions from Lagos state, why is he not investing in households and agriculture? Why is he only building hotels and shopping malls all over the place. Please give credit to whom it is due. Dangote is a shinning light in a country full of wolves. He is my role model as far as entrepreneurship is concerned. He is building a tomato plant to produce tomato paste. When he is ready now, you will still come out to say he has monopolized the tomato industry. sad |
emiye: I will only address your last paragraph.You think I am disparaging fellow Africans because you have a victim mindset. Do you know that all the things we complain about in Nigeria are actually big big opportunities? It depends on how your mind works. There is no stable power - Big opportunity There is no pipe borne water - Another big opportunity We import rice - Massive opportunity We have a bad educational system - Massive opportunity There are no jobs - Massive opportunity I could go on and on. It all depends on how you see things. Unfortunately, Nigerians only see it the wrong and defeatist way. I was amazed when I learnt that Chi Ltd, have been cultivating massive farms here in Nigeria for their juice products while Nigerians go outside to import concentrates. If you ask the Nigerian why he is importing concentrates, he will tell you it is because of poor power supply or one other fake excuse. Then they will tell you that in America, it is very easy. They forget that Time Warner once declared bankruptcy but today see where CNN has reached. How many times do you pick up a stone in the middle of the road so cars coming would not have their tires harmed? How many times have you ever helped a kid to cross the road? How many times have you lot come together in your small estate or community to do something like buy a basket ball net for the kids to play with. A great society does not come from government. It comes from a visionary culture. The government is part of the society. Those in power are relatives to many who rant here on NL. Most of the poor and illiterate masses dont even know about NL. The government is not from the moon. It is from us. |
chigodo: Why is it that vendors don't participate in the weekly environmental sanitation?What is the weekly environmental sanitation for? Have you ever wondered why the whole place is still dirty even with the so called weekly sanitation exercise. when will they stop this military inspired nonsense. Sanitation is a culture that must be taught to the people, not a military style closure of shops once a week. Go to Ghana and Togo and see if their environment is dirty. They dont do this nonsense called weekly sanitation where people will pack out the dirt in their open gutters and leave them on the road, only for it to be swept back into the gutter before the following week's sanitation exercise. What happened to 1. Dont drop stuff on the road, put them in waste bins. Government dont even provide waste bins on the roads and private companies dont provide bins in front of their premises 2. Dont throw stuff out the window. 3. There should be serious refuse disposal companies who regularly come around to pick up the dirt 4. There should be proper waste disposal equipment in public places like markets Calabar is a very clean city and they dont need weekly sanitation to make them clean. |
emiye: Small and medium scale enterprises should be driver of an economy, not those major manufacturers.I knew you were going to respond like this because you have already imbibed a mindset that government is the be all and end all of development. One thing though you have never considered is that the great nations of the world today were not built by government but by visionary men. All the discovery of science today were done by visionary men. In fact, many centuries ago, many of these visionary men were hunted by the government and either imprisoned or killed because the government thought they were witches and sorcerers. The rail revolution in America was started and driven by visionary private individuals. what the government contributed in many instances were lands, permits, and security. That is not to say government is not important. But the "government is everything" mindset is a lazy thought pattern. It is the mindset of small minded and selfish societies. Look at it from another perspective. How many Nigerians really dream? You will see a European or American wake up one day and say he wants to go climb the highest mountain or cross an impossible river. Some will decide to go and live in the forest for years just to discover something and make history. Have you ever watched the making of some documentaries in Nat Geo wild? Do you know how many explorers and scientists have died trying to do some scientific research. Some even died from hunger and sickness while at it. Africa is what it is, not because of bad government, but because there are no dreamers. Only self centered humans who think life is all about making money, drinking beer and marrying new wives. Were there is no vision, the people perish. |
I would have been impressed but I am not for one simple reason...these "celebrities" keep going to heart of gold to donate monies just to get attention. Giving back must not be about getting attention. The bible says when you do that, you have already received your reward. There are countless orphanages all over the place that need serious help. But these guys will never donate to them. They will always go to heart of gold. Heart of Gold receives subvention from the government and several International organization. Please channel your donations to the people who need it and stop making a show out of it. |
emiye: While i am not disputing the need for cultural orientation by the people, i opine that the magic bullet is in the hands of the government.You are 100 times wrong. Some of you are just arm chair duds. Even with unstable power supply, most major manufacturers in Nigeria are posting huge profits year in year out. MTN broke even in the first one year of business. That can never happen anywhere else in the world. The reason why we dont produce in Nigeria is not because of bad infrastructure but terrible and selfish mindset. It takes a visionary and loyal mindset to build a nation. Dangote has continued to show that over the years. The man is an example of a true patriotic man, driven by passion for transformation of society. Isnt it funny that most of the manufacturing companies in Nigeria that are doing well are owned and run by foreigners? Even with all the stolen monies, Nigerians will still not commit to transforming their society because they are just selfish and self centered |
I have always said it over and over again that Nigeria is a very poor country but some fools go around peddling false information. We have a lot of potential, but like most African nations, we are a very poor country. USA: $3.538 trillion with about 350 million people compared to our paltry $27 billion with 170 million people says it all. Our national budget is less than 1/100 of the USA budget while our population is roughly half. It even gets worse when you realize that our population is growing tremendously. In as much as we cannot excuse corruption, one thing that we have all failed to realize is that much of the decay of our national infrastructures has been due to a rising population without a commensurate rise in national expenditure/resources. A good example is our roads. Expecially when the past governments did nothing to improve rails and waterways. Another good example of an infrastructure that detoriorated greatly because of population explosion is power. Some guys have come here to argue that power was good in the 80s. That argument only makes for a good laugh. The population of Nigeria in the 80s actually indicts the government of that era for not giving Nigeria 24 hours uninterrupted power supply. In the 80s, Allen Avenue was not even a busy road. It was like an estate. Much of what is the greater part of Lagos today was bush land. Lagos was mainly Ikoyi, Surulere, Festac, Ikeja, Yaba and environs. The point is that we have continued to grow in population without growing in production. I keep telling folks that Nigeria is not even as corrupt as some countries like Russia and Brazil, so corruption is not just the problem. We are just a consuming nation with a lazy mindset. There are no visionaries and I am not talking about government. If we had a few more Dangotes, maybe things would have been a little better. As much as politicians steal money, if they actually invest those monies in serious production of goods and services like agriculture, rails, cars, machinery, etc, instead of freighting it abroad to foreign lands and creating jobs over there, we would have had a different country today |
