₦airaland Forum

asha80:
which new industrial estate in aba?is it oando doing it?

i'll provide the link shortly

had the state governors harkened to the advice of Madam Ngozi, we wouldn't be in this mess. it was only Obi the ex Gov. of Anambra state who listened and saved for the rainy day. that's why it's appears only Lagos, Anambra and a few other state are somewhat immune to this unending finanacial crisis. I'm particularly impressed with the Govt. of Anambra state.

yeah that's right. controlled liberialism is the way to go. when GEJ said it was the organized private sector that engenders growth during an economic summit. he wasn't mincing words. i'm glad at least Buhari will follow in that path.

it's the truth. it's d responsibility of the agency called Revenue Mobilisation and Fiscal Commission (RMAFC) to review the salary of every civil and political officer working for the government. if there's a need to review the salary structure of the entire civil service, the agency only needs to send a communique to the presidency stating its intention to carry out d job. what Buhari and other state governors are doing is just a populist agenda which has no legal backing. we don't even know what they earn, tackles of cutting down their wages. SMH

please all the tribal and etnic sentiments should stop. if the govt. intends to demolish the market it must also be ready to provide a new market place for them to carry on with their activities. Ambode should not mistreat these people just because they didn't vote for him, u'll only end up worsening the disunity among us

bushdoc9919:
And some people think it is funny.?

They are dressing according to their culture. And it is right.

Honestly....some people think that just because they pose in suit they are civilized.

Nigerians!...emancipate yourself from mental slavery.

this situation doesn't mean you are mentally enslaved. they look archaic. and that's the Goddamn truth.

Oh God!! if it's an islamic state these guys are asking for please give it to them provided it's gonna bring peace. shey na by force everybody must live as one Nigeria. can't we have Nigeria and Northern Nigeria just like Ireland and Northern Ireland.i'm tired of living in the same geographic location with these psychopath. in the meantime, Buhari remove ur boiz frm Ekulobia b4 they infect those prison inmate with their syndrome.

i have said time and again that the problem of NNPC lies not in its personnel but how it was structured to operate. GEJ could not implement the much needed reform in the industry because the PIB that was seen as the game changer that would revolutionize the industry was held up by the greedy seventh assembly. for Buhari to cleanse the sector of its sins it needs to ensure that the house passes that crucial bill, otherwise it will still look pouring new oil in a bad engine. as Diezani Allison said 'the problem is not having technocrats put there, that's easy; the problem lies in restructuring the entire operation of the state company.'

the president should ensure that PIB which has been rotting in national assembly of karate is passed. that's the solution to the this sector. the PIB ensures that sector is deregulated completely which allows for private sector participation. dissolving the board only to reappoint another team of your choosing will not cleanse the NNPC of sins. The issue is fundamental and requires the complete overhaul of the law that set up the state energy company. people blamed GEJ for being allegedly ineffective with dealing with corruption in the NNPC but they failed to realised that GEJ could not implement any reform unless the law that set up the company was repealed. whether we like or not. Diezani Allison was right when she said that problem has never being the personnels or board members but with the way the energy company was structured. that is what exactly breeds corruption not the board members .

simseg01:
http://www.premiumtimesng.com/news/top-news/185644-pdp-condemns-house-fracas-accuses-buhari-of-bias.html

From the look of things PDP appears to be right in condemning the commotion that took place. but what comes to mind is the alleged question of Buhari's democratic credentials. i'm sure of GEJ will be bursting with laughter in Otueke. personally i think buhari should reign in on the matter and douse the tense situation in APC cacuses. Metuh may be rite. does buhari possess the democratic credential to lead a democratic Nigeria. that's a million dollar question. peace

lol. God i love ur comment. rather than spend the money on building nuclear power plant. why not use it as fund to build captive power projects using either gas in the south or solar or wind in the north like how fashola did it in Lagos

DeLaRue:
Another phantom project to get long suffering Nigerians excited about 'constant power.'


Nigerian politicians are clever...when they sense tension and frustration building up amongst the millions of long suffering ordinary people, they throw another phantom project (that will never happen) up in the air to get people excited and hopeful and divert their attention from the latest bad news, ie N9 billion naira agbada allowance for legislators.

This strategy works like a treat. The politicians know it. And they will continue to use it. The only people who dont see the diversion are naive youths.

As the embedded power scheme gains ground among power investors in Nigeria, PIPP LVI Genco Limited is proposing to build about 200 megawatts (mw) of electricity plant that would be scattered around the city of Lagos and beyond.

The company, which has already built a $25 million power plant at Lekki in Lagos which is currently servicing some Lagos State public utilities, is also set to put another 16mw in ILupeju and 6mw for Surulere.

Faruk Agoro, managing director/CEO of the company in his interaction with BusinessDay, said the company was currently developing other projects at Ilupeju, Mushin and Oshodi, Surulere and Orile, adding that these were areas the company could easily take opportunity for now, with priority being given to Ilupeju and Surulere.

The company is looking at investing between $10 million – $15 million in Ilupeju plant, while that of Surulere would cost less than Ilupeju.

He however explained that such public private partnership (PPP) would be in different forms. According to him, the plant in Ilupeju would be for the industrial areas while the one in Surelere may be with Lagos State government, but also hopefully that some industrial concerns there may key into the project.

“In ILupeju we would site 16 megawatts plant and 6 megawatts plant for Surulere. There are more industrial concerns in Ilupeju than in Surulere. Like I said, the idea is to keep replicating the project whether it is five megawatts here or 10 megawatts in another place by the time you put all these to- gether in about five or 10 years it would add up to 200 megawatts.

He said having the participation of the Lagos State government could be an added advantage because the government has so much facilities that the company’s plants can actually support. He said anywhere the company sited its plants it would make as much efforts as possible to tap into public infrastructure that are there, because it is known that power is the problem.

The PIPP LVI Genco boss said the most important thing is for the plant to be sited close to where there is gas pipeline because the problem of transporting compressed natural Gas (CNG) to locations where the plant are sited from gas stations is a bit of challenge.

On its expansion programme outside Lagos, he said they are looking at Oyo, Ogun, Edo states. “In Ondo State we started discussion last year but they did not come back. But Ogun State is looking more positive. Abeokuta and Ibadan are the possible places we are looking at”, he said.

Speaking further on the Lekki power plant investment in terms of how much the company actually spent, he said that a plant like that cannot take the investment in isolation.

The plant, he explained, was actually the cheapest of those things that are involved in the whole project, adding that the distribution network and all the street lights are about 25 kilometres network which stretched to Lekki phase one to Ikoyi, Bourdillion, Victoria island ,Saka Tinubu and Oniru.

this doesn't change anything. any head of state within the AU can chair the meeting if appointed by the board of leadership of the union. how does that add value 2 Nigeria

In continuation of funds disbursement to the beneficiaries of the N 213 Billion Nigeria Electricity Market Stabilization Facility (NEMSF), as part of its effort to boost power supply in the country, the Central Bank of Nigeria (CBN), on Friday, June 12, 2015, disbursed a total of N6.9 billion to gas suppliers; representing legacy debts owed them by power distribution companies (DISCOs).


Welcoming beneficiaries to the ceremony held at the Bank’s Head office in Abuja, the CBN Governor, Mr. Godwin Emefiele, CON, disclosed that the payments made by the Bank represented debts by the power sector in proportion to the obligations to repay the facility by five DISCOs that have so far signed up to the facility. The DISCOs involved are Eko, Ibadan, Kano, Port Harcourt and Enugu.


Describing the disbursement to the gas suppliers as a milestone that had to be achieved, Emefiele said the move was an important step in revitalizing Nigeria’s energy sector. According to him, what the CBN, in partnership with the banking sector, had done was to ensure the commercial viability of gas. He said this was particularly so given that the gas sector had little incentive to make the necessary investments in gas exploration and infrastructure to keep up with the growth in power generation.


Continuing, the CBN Governor recalled that the Nigeria Electricity Regulatory Commission (NERC), in August 2014, approved a commercially viable benchmark price of $2.50/mcf (one thousand cubic feet) for gas supply, and 80 cents/mcf as transportation costs for new capacity, in order to encourage existing and prospective gas suppliers ramp up their investments.


While appreciating the gas suppliers, Mr. Emefiele urged them to endeavor to complete the process of activating formal, binding agreements for gas volumes to power sector companies as well as deliver more of their existing gas output to existing power plant. The governor further encouraged them to make necessary investments to ensure that gas keeps pace with the development of new gas-fired power plants and the expansion of existing plants.


Emphasizing that the CBN ordinarily had no business in the power chain, he disclosed that the Bank and the banking sector had to intervene owing to the shortfall shortfalls in power sector revenues caused by needed adjustments in the electricity tariff and legacy gas debts. He therefore admonished the gas suppliers to see the move by the banking sector as a clear sign of the Federal Government’s commitment to change the course of both the domestic gas sector and the power sector.


“Nigerians need power; let us cooperate and do our bit to ensure that Nigerians have power,” he urged the suppliers.


In his remarks, the representative of the Chairman, Nigerian Electricity Regulatory Commission (NERC), and Commissioner in charge of Market Competitions and Rates at the Commission, Mr. Patrick Umeh, commended the CBN and the Ministries of Power and Petroleum for the collaboration to improve the power sector.


Highpoint of the event was the presentation of symbolic cheques to the beneficiaries for sums ranging from N230 million to N2.04 billion.


Speaking on behalf of the gas suppliers, Supo Sadia of the NNPC/Chevron Joint Venture expressed gratitude to the Federal Government, the CBN and the Banking sector as well as the Ministries of Petroleum and Power and the regulators for the payment made. He expressed the commitment and desire of the gas suppliers to partner with the Government in ensuring adequate power supply in the country.


Also present at the event was the Deputy Governor (Economic Policy), Dr. (Mrs.) Sarah Alade, some Departmental Directors, and Advisers.

Dangote has always seen an opportunity in d gas to power business.the company I work for is doing a similar project in Aba. Oando is building a compressed natural gas plant in order 2 truck gas to existing and new industrial estate in aba and PH 4 captive power generation. If Dangote completes d project, it will open areas for industrial development in Lekki.
I've noticed some people making negative tribal comment which it'snt proper. They must understand not only Lagos will benefit but Naij as a whole. A prosperous lagos could only mean a better Nigeria. Jah bless.

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ybalogs:
The last time I checked Saraki is number 3 in Nigeria. Abeg which number Tinubu dey?

Number 160,000,00. Actually he's d last citizen of d republic

A master has been defeated in his own game. JAgaban ought 2 know that western politcs is quite different frm national politics.

Mistermamus:
u right lai oyegun n Tinubu don't know how to play politics very inexperience all wat dey are good at, is to occupy occupy n occupy. no wonder they wanted a one party system

This leading actor are yet 2 understand that PDP's rulership 4 d last 16 years no matterr how flawed still managed 2 strengthen d tenets of democracy

kay1one2:
Proudly pdp!

D second pix got me really laughing. I imagine how Osinbanjo will be reporting 2 Buhari's office

Absoutely crass inexperience by d APC leadership as put by Olisa Metuh. How can u̶̲̥̅̊ hold a meeting on d same day when d inaguration will hold. It's like having an exam 2 write at 10:00am only 2 find still look 4 special centre at 9:00am that same daay. Had Saraki and his gang attended that meeting, PDP cud have usurp d authority of house and no court can upturn it. APC shud thank their lucky stairs they didn't loose d leadership of d house 2 d opposition 4 another 4 years. Wrong move Jagaban.

gAme of thrones. God I love that series badly

DiepreyeAbaka:
Its gonna be interesting in NASS,the Lannisters always pays its debt,Saraki's emergence typifies that

dam4wummy:
I think politics 102 should be added to our syllabus in school, and PDP should be the lecturer in charge

that got me laughin out loud bro

I'm an igbo guy whose origin is frm Anaiocha local govt., anambra state but damn it i won't mind voting 4 dis man called Fashola should he decide 2 contest 4 d post. He's such a brillant adminstrator. Buhari shud make either d minister of power, petroleum or d FCT. My take

samueld0:
http://www.vanguardngr.com/2015/06/buhari-expresses-reservation-on-emergence-of-speaker-senate-president/

Though I never liked Buhari's Emergence into power, I think he played d role of a sincere president whose has no axe to gore with anyone. This could really spell interesting times 4 Nigeria political landscape

Hope they'll zone d position of d deputy speaker 2 southeast as it was done. It's only fair that one of d largest ethnic group also has some sort of active representation. My take exactly

Doobhem:
When did a president in any civilized country exclude a region because they didn't vote for him. See the way you think.

God bless u̶̲̥̅̊ my brother. That bornfool is seriously writing like a roost chicken. So because d southeast and southsouth didn't vote 4 him, he should deny us our share of development. Som1 needs 2 tell dat bornfool d true meaning of democracy.

Xavi, d distribution manager don show face. Game over 4 Juve

This changes nothing. I still forsee Barca winning 3-1. Shikena

That's good. I knw cities like Lagos,Aba,Onitsha and Kaduna have academies where ppl are trained 2 be skilled in d art of craftmanship. Ppl must understand we have bypasssed the industrial age ushering us into d age of technolgy so therefore, acquiring proffessional skills is d new jobs 4 dis 21st century. You must be competitive in whatever craft you specialise in. Germany is a perfect example of skilled industrial country. They've been able 2 build academies that train ppl in various skills that are relevant in dere century. Skills like autotronics, weldering, mechanic automation etc. I understand Nigeria has an agency called d Industrial Training Institute (ITI) that have been training students in patnership with various companies 2 acquire d necessary skills needed 4 dis century, that's quite commendable of the ITI and I hope other state colloborates with d agency 2 equipp our youth with relevant skills

That's good. I knw cities like Lagos,Aba,Onitsha and Kaduna have academies where ppl are trained 2 be skilled in d art of craftmanship. Ppl must understand we have bypasssed the industrial age ushering us into d age of technolgy so therefore, acquiring proffessional skills is d new jobs 4 dis 21st century. You must be competitive in whatever craft you specialise in. Germany is perfect example of skilled industrial country. They've been able 2 build academies that train ppl in various skills that are relevant in dis century. Skills like autotronics, weldering, mechanic automation etc. I understand Nigeria has an agency called d Industrial Training Institute (ITI) that have been training students in patnership with various companies 2 acquire d necessary skills needed 4 dis century, that's quite commendable of the ITI and I hope other state colloborates with d agency 2 equipp our youth with relevant skills

Eko Electricity Distribution Company (Eko Disco) has commenced work on a plan to grow generation by 20 percent each year to 1,000 megawatts (MW) for its electricity networks by 2020.

The company would, however, give supply to only those customers willing and able to pay the set price which is likely to be between N24 and N30 per kilowatt hour, an informed industry source told BusinessDay.

Some stakeholders, however, say the 1,000 in six years is still below the required energy for the economic growth of Lagos State, which already requires 10,000 MW of energy for its economy.

The generated power would come through series of arrangements facilitated by the embedded power generation scheme being put in place by the company.

The distribution network, which has the capacity to take in over 1,000 MW, is currently getting supplies of between 200 or 300 MW on a daily basis from the national grid because of lack of gas to generate sufficient electricity in power plants across the country.

Eko Disco is planning to put out a bid for the second phase of small plants that would generate approximately 150 MW. Informed sources said the company would concentrate first on small plants which would eventually be phased out after supply from the national grid improves.

The breakdown of this figure indicates that a 60-MW plant would be sited in Orile, while Kirikiri would get a 20-MW plant, Agbara 50 MW, and Apapa 20 MW. There are also proposals for 10 MW each for Lekki and Victoria Island, bringing the total figure for this phase of the projects to about 170 MW.

The plant at Orile might attract international investors. The ‘phase 1 plan six’ facilities have been developed and agreed upon with the National Electricity Regulatory Commission (NERC), while draft request for proposal documents for the six lots has been sent to NERC for approval.

The source further stated that the signing of a power purchase agreement (PPA) between Eko and other stakeholders would be carried out in the last quarter of 2014.

The projects are in phases, said the source, with Phase 1 coming up in 2015, Phase 2 in 2016, and Phase 3 from 2017 to 2020.

The company would, however, strategically position larger power plants for the long-term purpose to form the anchor of its embedded power generation scheme. The smaller plants are adjudged to be less efficient and would be phased out within five to seven years of operation.

Brent Hampton, the company’s former vice president, services, in charge of embedded generation, said the regulatory framework to enable transfer of excess power generated into the national grid was being worked out.

Hampton said some of the challenges facing power distribution included very limited human capacity, legacy issues such as the attitude of the customers, dilapidated networks and limited gas supply.

He, however, stated that it was unlikely that the country would have sufficient power supply in the next five years from the national grid, even though there would be improvement.

Eko Disco, he said, inherited an outdated distribution network with high losses in the region of 45 percent, adding, “This situation has adversely affected the business of the company, especially its revenue and investment profiles.”

Ayodele Oni, a lawyer, said even though the 1,000 MW was small compared to what is required by the city of Lagos in terms of electricity supply, it was still a good move by the investors.

“It is a good step and better than not planning. I, however, believe the targeted capacity should increase. Once investors see profitability, they would invest in power generation,” Oni said.

Dolapo Kukoyi of Detail Commercial Solicitors argued that with embedded generation in view, Nigeria should be able to achieve its national aspiration within a short time, reduce technical losses because of proximity to networks system, and deepen the electricity market.

She said with embedded generation in place, distribution companies would have access to power supply and get more cash flow as more customers would be ready to pay for steady and regular electricity supply.

Goddy Duru-Oguzie, managing director, PowTech Nigeria Limited, said the move was encouraging, adding that the good thing about it was that the promoters were investors who are competent and are well aware of the issues of safety.

He expressed confidence that they would put in place a system that would contribute to greater efficiency in the power industry.

Source: BusinessDay