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Nairaland Forum / Nairaland / General / Politics / Clueless Investors Bought Over Nigeria’s Power Sector – Saraki (16306 Views)
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Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by Adminisher: 1:08pm On Feb 08, 2017 |
udeh3: Stop this nonsense. Jonathan's minister of power was a Professor of Engineering. He failed so woefully, he called Nigeria's power problem solving spiritual 2 Likes |
Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by Abagworo(m): 1:08pm On Feb 08, 2017 |
One of them fronting for Sambo has just joined APC. hopefully now that he has turned a new leaf he will allow Barth Nnaji give light to Aba for a start. |
Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by CLASSMAN: 1:12pm On Feb 08, 2017 |
realjoker:If tgat is the case y cant they ensure good metering so there revenue increase but they prefer extimate billing and if they continue people will be reluctant to pay what they dont consume so low revenue |
Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by daveP(m): 1:13pm On Feb 08, 2017 |
darknetcom: The behavioral pattern of the place is enough to clarify what it is. |
Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by ofwest47(m): 2:03pm On Feb 08, 2017 |
The problem of the power sector transcend the thinking of many commentators on the issue on hand. The long period of military administration in the country was the major cause of the situation we find our selves today in the country. All the then military head of states had no vision as to the need for improved power supply for the future need. Gowon a former military head of state because of lack of vision for future need said during the oil boom era said in quote " Money is not our problem but how to spend it" and that was when Kainji Dam which plan was started in 1955 by the colonial master to generate 1200 MW and true to form the then political administration of Tawa Balewa was following the original plan until Gowon took over and by 1969 was only able to do 4 Units @ 80 MW per unit. totalling 320 MW instead of 12 Units @ 100 MW per unit as designed by the colonial masters and just about that time Ghana was able to complete Akosombo 1000 MW dam. Similarly Babangida even did worse by relegating the power sector to category C above Nigerian ports system and that was the era of FORM "M"form M is all just you need to import anything from fly covered meat to tokunboh pants and you can also use form M to fake any form of exportation. The CBN which came under category A was used as capital flight by he Babangida and his cohorts. According to him NEPA and Radio Nigeria on category C are cash generating establishment and can take care of themselves. A strike protest by NEPA in1992 led to the "11jailed NEPA men" when he sentenced 11NEPA Union members to life jail for treason for going on strike. Sanni Abbacha did similar thing when he was approached over the dwindling Power situation in the country hear him Abbacha , " Quariam no be light be this you are all thieves get away" pointing to a point of light in his office. It will be recalled then that Abuja was never to be load shed irrespective of the amount of load available in the system it was an order not to be flouted then and by 1999 the total load available in the system was less than 1000 MW and between 1999 till date we have not been able to achieve much due to the high level of corruption in the system be it private or non private operators. People were saying we were not able to move forward because the present minister of power Babatunde Fashola was a lawyer who had no knowledge of electricity, forgetting that the last administration of Good luck Jonathan had two professors of electrical engineering even one of them was a professor of robotic engineering as power ministers one after the other what did they achieve ? Recall in the first republic Mataima Sule was the minister of mines and power he was never an engineer but had the desire to achieve and he really did well before the vision less military administrations took over. All that is required in this situation is the availability of fund and the desire to perform without involving in corrupt practices. No more no less. |
Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by Jaabioro(m): 2:13pm On Feb 08, 2017 |
A-ha! another one chance talk, Ours third man had spoken what greediness envelop them during the last dispensation.. |
Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by murmee: 2:26pm On Feb 08, 2017 |
Centralising Electricity called Central Power Grid is the major problem of power generation, transmission and distribution in Nigeria and until the whole Power System is decentralised, the problem will continue regardless of whoever is the Minister of Power or the amount of money spent to improve the system! |
Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by jpphilips(m): 3:00pm On Feb 08, 2017 |
Adminisher: Your last paragraph is the problem, because they knew what they did, they tied a huge indemnity around the contract, Fashola will want to cancel it but the indemnity will ruin the credibility of this administration. Jonathan has made this government a sitting duck while Nigerians languish in darkness, in the end, one lout who just left darkness will call him a hero. Same thing with the Amnesty package, no consideration for low crude price and production cut, Jonathan will never escape the wrath of God!! 4 Likes |
Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by nickxtra(m): 3:18pm On Feb 08, 2017 |
Businessideas:How many household in your area use prepaid meters? If you don't know, check around, you will discover majority of the households are unmetered and they pay outrageous estimated bills where the DISCOs generate huge sums of money. That is the reason the Discos have been unwilling to meter majority of these hapless Nigerians. |
Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by judondasylva(m): 3:37pm On Feb 08, 2017 |
blame continues |
Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by jpphilips(m): 3:37pm On Feb 08, 2017 |
ofwest47: Obasanjo's NIPP birth over 13 power plants, that was the highest investment we have ever witnessed in power. The truth is that we don't need to make any power investments, the investors are supposed to do that but when a DISCO can not replace a transformer on your street, then the DISCO has lost it, that is what Saraki is talking about. Speaking of Robotics prof who came to help us, his name is Barth Nnaji, he knew his onions and his competence was never in doubt, it was he who reasoned that balkanising the sector was the way forward, he did that successfully, that is why you can mention DISCOS, GENCOS and TCN, during the NEPA & PHCN era there was nothing like that it was his idea, brain child and ingenuity. The moment it was time to privatize the setup was where the nepotism and selfish considerations crept in. Jonathan told us that Nnaji was removed because of conflict of interest, tell me, a Man who by himself built Alaoji power plant, running it perfectly, generating 114MW all by himself, he was the only Nigerian who built a private power plant (IPP) from scratch, how can Jonathan not allow a man with such pedigree to compete rather he preferred EEDC, a conglomerate of shops that have no clue the difference between +ve and -ve to bid, the man left with his integrity intact. investigate the quality of companies he invited and tell me how we ended up with economic wastes. The man had a great plan with sound vision, if not for Jonathan's corruption, Prof Nnaji would have solved our power challenge. I wish he will consider working for this government again. By Jonathan's standard, a man who has generated 114MW by himself was not qualified to bid but Emeka offor who has not seen a cable in his life was allowed to buy the whole SE DISCOS and you think God will not punish Jonathan? Where have you heard that a company will bid to buy an asset, when it defaults, the BPE restructures their payment plan, who does that? that was how our power assets were sold, knowing any sane government will not allow that, they tied a huge indemnity on the contract, in the end even a sincere government can not do anything, Jonathan's incompetence handed us darkness for life!! 6 Likes 2 Shares |
Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by jpphilips(m): 3:39pm On Feb 08, 2017 |
murmee: Yes we agree, where will you get the money to balkanize TCN? was the TCN not concessioned? why is the concessionaire not investing? those are the real questions. |
Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by jpphilips(m): 3:55pm On Feb 08, 2017 |
seguno2: This is ignorance personified, take heart!! |
Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by jpphilips(m): 3:59pm On Feb 08, 2017 |
murmee: There you have it, we subsidize those on prepaid meters!! |
Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by Businessideas: 5:07pm On Feb 08, 2017 |
nickxtra:Everyone in my neighborhood is on Prepaid meter and that explains why I wondered how do they(discos) now make money when the whole neighborhood is not recharging for months |
Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by netflicks(m): 5:40pm On Feb 08, 2017 |
Akainzo: Now u r exposing your level of illiteracy...let me help u expose yourself the more..first a personal business is different from a public office...if Ben does not hire professionals in broadcasting his business wud av been a flop...initiative and experience are vital to be productive In any position u are given.. If u get business carry am give footballer make he manege am for u.. ."zombie".... |
Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by nickxtra(m): 7:24pm On Feb 08, 2017 |
Businessideas:May be you live in a privilged area. A simple research into estimated billings by Discos in rural areas and semi urban areas will reveal to you how these Discos rip off Nigerians. I was once a victim, until i fought tooth and nail to get a premaid meter. It took almost a year before i got it installed. The AEDC man in charge of the area tried hard to frustrate the procurement of the meter because he knew the estimated bills from my apartment that was going to leave their revenue. At the end, i won the battle to get a prepaid meter. Before the installation of the meter, my estimated bill ran around 7k to 8k per month whether there was light or not, but with the current pre-paid meter, i now use about 3k or 3k5 per month. In a nutshell, Discos just have to grow up and add value to electricity supply, otherwise, i see no future for them. 2 Likes 1 Share |
Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by nickxtra(m): 7:28pm On Feb 08, 2017 |
jpphilips:TCN was not concessioned, but there was a Technical Partner in name of Manitoba, but when the agreement it had with FG ended, it was not renewed, hence the current structure of TCN. |
Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by ogaslife: 7:33pm On Feb 08, 2017 |
Saraki na now u know Nija dey for darkness, God will surely judge u evil people |
Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by nickxtra(m): 7:39pm On Feb 08, 2017 |
jpphilips:The unbundling of the power sector was not the brain or idea of Prof. Barth. It all started from the power sector reform of the Obasanjo administration, which was being gradually implemented from the OBJ, Yar'adua to the Jonathan Administrations. I agree with you that Barth is a man with full knowledge when it comes to electricity issues, but he only midwifed the full unbundling of the power sector. |
Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by jpphilips(m): 10:14am On Feb 09, 2017 |
nickxtra: Who proposed the Unbundling of the power sector I need names?? You don't disagree with me without your own input. |
Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by jpphilips(m): 10:17am On Feb 09, 2017 |
nickxtra: How do you bring in a technical partner to manage a government owned infrastructure without a concessionaire contract? Explain that to me!! 1 Like 1 Share |
Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by Akainzo(m): 4:53pm On Feb 09, 2017 |
netflicks: And in your educated mind, it is actually the Minister that runs the day to day of those parastatals abi? When you guys are told not to expose your ignorance, you would not listen, here you are now showcasing your shallowness. Every single area of the power sector has a Managing Director who is not affected whenever government decides to shuffle or change ministers. A Minister is for policy direction (like Shareholders ) and the MD are tasked with running the organisations (CEOs, MDs, like Dangote has MD for each of his companies). If you want to learn, please use some of your data for Google searches, don't just use it to follow Fayose. BTW, I am sure JJ Okocha ( a footballer) has more business sense than you. 1 Like |
Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by laudate: 4:57pm On Feb 09, 2017 |
jpphilips: Wow!! You don't say. But I feel there must have been some kind of contract in place. But that contract may have been defective, or heavily skewed in favour of one side. I doubt if a Canadian company like Manitoba would commit time, money, staff & resources to such a venture without some form of a contract, or any written agreement. |
Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by jpphilips(m): 11:19am On Feb 10, 2017 |
laudate: since you have gotten your facts right, then go back to your previous post and edit it!! |
Re: Clueless Investors Bought Over Nigeria’s Power Sector – Saraki by laudate: 12:36pm On Feb 10, 2017 |
jpphilips: Why? There is no need. |
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