Terrible

emmybobo1:

I’ll bookmark this and reply you by this time next year. If EEDC is not taking over by bank by that time then shame on you

Are you scared of losing your job?
Don't be,
The MOU Soludo signed with EEDC to give part of Anambra state steady light, and the resultant purchase and deployment of 500,000 prepaid meters for Anambra customers are part of the mechanism in place to avert the bank takeover

However, with the current power vested on state Governments to generate, transmit and distribute electricity, the monopoly has been broken, and know that it will be difficult for EEDC with insincere management and board teams to compete and remain afloat in the business with all these there fear of investing in operational materials to improve quality of supply and minimize technical losses..........this is the one major reason for corruption among the field workers and this advice had been communicated severely to the right quarters to no avail........

If this challenge of yours was coming from a top management staff, I would have gotten angry and act accordingly but heck, you are not in the mainstream equation

Shalom as you keep growing and progressing in your career

lol.

Now calculate the years involved.

igbos be wise. This entrapment cannot get better. Increase foreign diplomacy. Na missiles dey rain now. Organize with discipline, but don't start it yet.

Luukasz:
Is Otedola not among those who contributed to Nigeria's rot... I don't blame him.. I blame Nigerian's who hail him and other members of his class.

We know all of them and their kids made it off our national cake but most Nigerian's have been mentally enslaved to think otherwise.

Dangote, Adenuga, Otedola, Elumelu, Alakija, the Adeleke's and so many other Nigerian elites are who they are today as a result of the wealth they stole.

All these people wouldn't have had this much wealth in a country with a working system and where real capitalists exists.

Oga go sleep...

Yet he support these useless leaders

Onowu33:
Nigeria government past and present are All useless...

Bros. Over useless.

greatiyk4u:


Are you scared of losing your job?
Don't be,
The MOU Soludo signed with EEDC to give part of Anambra state steady light, and the resultant purchase and deployment of 500,000 prepaid meters for Anambra customers are part of the mechanism in place to avert the bank takeover

However, with the current power vested on state Governments to generate, transmit and distribute electricity, the monopoly has been broken, and know that it will be difficult for EEDC with insincere management and board teams to compete and remain afloat in the business with all these there fear of investing in operational materials to improve quality of supply and minimize technical losses..........this is the one major reason for corruption among the field workers and this advice had been communicated severely to the right quarters to no avail........

If this challenge of yours was coming from a top management staff, I would have gotten angry and act accordingly but heck, you are not in the mainstream equation

Shalom as you keep growing and progressing in your career

Baba so wetin come be the way forward for this discos to be more effective in service delivery and business survival. What is the solution to this fundamental problem in the value chain

BrotherSade:
jagaban is coming to Iragbiji in osun state you mean

No man born of a woman can swear in Tinubu as Nigeria of president 😎

tell am o, nobody will swear in Thíefnubu, Mr Yakubu messed with the wrong generation!

Luukasz:
Is Otedola not among those who contributed to Nigeria's rot... I don't blame him.. I blame Nigerian's who hail him and other members of his class.

We know all of them and their kids made it off our national cake but most Nigerian's have been mentally enslaved to think otherwise.

Dangote, Adenuga, Otedola, Elumelu, Alakija, the Adeleke's and so many other Nigerian elites are who they are today as a result of the wealth they stole.

All these people wouldn't have had this much wealth in a country with a working system and where real capitalists exists.

You were correct until you ended with real capitalists. Capitalism will always seek to exploit and plunder. The system is built on greed and corruption, only difference is that in those countries you mentioned their decay is wayyyy slower than ours

ArewaNorth:
What many Nigerians don't understand is Nigeria has around 20000MW generation capacity with 8100MW transmission capacity and may likely reach 15000-18000MW while Distribution capacity remain 5000MW. So, in this case billions of Naira will be lost daily if we generate what Distribution system can't evacuate, therefore in as much as DisCos won't upgrade their capacity power will always remain a problem in Nigeria. Power is very expensive and small mistake will cost huge billions naira loss.
Those who privatized power to cronies who never had intention to upgrade it should be blamed.

Ogene001:
Transmission is the problem not distribution. Transmission was not privatized, it's still under FG in the name of Transmission Company of Nigeria (TCN). Among the distribution companies only Lagos and Enugu Discos are making profits

Abegi teach them…
Many discussions about power in Nigeria is often based on ignorance.

Btw, private companies cannot “upgrade” power infrastructure…
So long as tariffs are NOT cost-reflective, which means that banks won’t finance their projects.
>

How would the country generate more megawatts of electricity when few privilege individuals were ripping -off the economy through non existed fuel subsidy

uniquetechng:
Even when Femi made it clear that transmission is the major problem you still think distribution is ? FG is in charge of transmission and wasn't privatized by anybody, get your facts right .

Who is Femi to know more than the actual players?
Many people assume expertise positions and get misled with misinformation.
I stand to disagree with anybody who told him/you that Transmission is the problem.
Is there anytime you have ever heard in the history of this Nation that GenCos generated Power that can't be evacuated by TCN?
Go and verify in the NERC data who got more sanctions for failing to meet the market Rules of failing to meet the market agreement of Generation, Transmission and Distribution.
DisCos refuse to upgrade their power equipment, if not because Nigeria Transmit power to about 9 West-African countries there would have been serious disaster in the side of DisCos because they can't take the current capacity. One of the reasons Generation capacity remain stagnant is because you can't Generate what can't be consumed in a market based power system.

DrMuzungu:


My friend and, possibly, a colleague, don't waste precious time preaching the truth. People don't want to hear the truth. What people want is convenient lies, that is all. For years I decide to waste some of my time and explain generating capacity, transmission capacity, how I live at a place where about 1 kW is generated per each citizen at ANY GIVEN MOMENT, and then compare it with Nigeria. I then explain how Nigeria would have to increase the generating capacity by 4o to 50 TIMES in order to achieve REAL 24/7 supply, and that assuming that all power plants are maintained and kept operational at full capacity.

In simple terms, that means that, for each power plant in existence today, Nigeria has to build over 40 new power plants. can Nigeria do it in our lifetime? I believe so. But that would only be possible if not a single kobo is embezzled until the job is done. And is THAT possible? I think we all know the answer. And then you get a polithiefcian who will promise the masses 24/7 supply of electricity, but only if HE gets elected.

God bless, it is very difficult for people to understand technical terms, I blame TCN/NERC who are closer to Govt for not informing the public the real ground!

Blaze14k:


Always blaming one party or the other.. this is the reason y we cant grow as a nation and our politicians love it that way cos they can steal how ever they like and do very little. Oga think of how we can unit as a nation and rebuild this not this divide and rule tactics u guys have used since independence

There is nothing like division or divisive misinformation here. The truth is one and we have no option that to stand with true and verifiable information than believing in some ignorant a mainstream and social media platforms.
NERC always have verifiable data for everyone to see but laziness make people to always consume lies!

Spicycat:


The problem has never been with DisCos but rather the Transmission Company of Nigeria, TCN which is own ny the government. Generation and distribution companies are at their best for now it's only TCN that lagging.

The fact that you hate Govt doesn't necessarily mean that you should always descend your anger to them even in the event of truth.
You are either ignorant of the field or just saying a lie that will comfort you.
Go and verify through authentic and verifiable medium not social media or mainstream media that disseminate information from so called energy analysts who have no first hand information about the power system. May be NERC can help you more but relying on what the DisCos tell you is ridiculous!

Kukutenla:

I agree with your last statement. But i also disagree with putting the blame there exclusively.
Another govt has spent eight years and did nothing in that regard need to be called out too.

Are u aware of the currently SIEMENS ongoing projects in power sector, TCN precisely?
The project is extremely huge, we have never witnessed it in more than 3 decades. The problem is power reform isn't like constructing roads. Imagine the time consumption of deploying more than 30 transformers with weight of about 170 tons, the specifications of the transformers, the time for industry tests, the shipping, it takes about 2 month to transport a transformer from Lagos port to Kano for instance due to the nature of the load and movement of the vehicle, unloading and uploading the gigantic transformer takes significant time, the decommissioning of the old ones or the civil work to commission the new ones, the huge task in the installation process, the laying of communication cables and connection to the control room, the commissioning test and onboarding the transformer to the load for DisCoa consumption and that will be a time when the DisCos may not even have infrastructure in place to evacuate the transmitted energy which may just amount to an upgrade in futility at the moment of that work.
Imagine erecting a tower on which transmission conductors will transmit energy and building not only one but many of them for the upgrade projects?
Under this this administration we have realized 22 power stations and upgrade, pls just imagine building a power station with all those huge infrastructure, the time consuming is essential?

ArewaNorth:

Are u aware of the currently SIEMENS ongoing projects in power sector, TCN precisely?
The project is extremely huge, we have never witnessed it in more than 3 decades. The problem is power reform isn't like constructing roads. Imagine the time consumption of deploying more than 30 transformers with weight of about 170 tons, the specifications of the transformers, the time for industry tests, the shipping, it takes about 2 month to transport a transformer from Lagos port to Kano for instance due to the nature of the load and movement of the vehicle, unloading and uploading the gigantic transformer takes significant time, the decommissioning of the old ones or the civil work to commission the new ones, the huge task in the installation process, the laying of communication cables and connection to the control room, the commissioning test and onboarding the transformer to the load for DisCoa consumption and that will be a time when the DisCos may not even have infrastructure in place to evacuate the transmitted energy which may just amount to an upgrade in futility at the moment of that work.
Imagine erecting a tower on which transmission conductors will transmit energy and building not only one but many of them for the upgrade projects?
Under this this administration we have realized 22 power stations and upgrade, pls just imagine building a power station with all those huge infrastructure, the time consuming is essential?

This is the dishonesty that's typical of you APC supporters. You were quick to call out the failure of the previous govt in the pwr sector but rush to defend the present govt when their failure is also highlighted.
Apart from the lies in your flimsy excuses, since you know the enormity of the task involved in pwr, why then do you blame some people for not improving on the distribution within a space of less than ten years? If govt is struggling to make impact in only one out of three stages of pwr, why do you blame private companies whose major means of finance is loans when the interest rates have been rising over the past eight years while the forex has crumbled?
It seems you lots are only interested in blame game and buck passing and not the development of the country.
What's in it for you is what I don't understand.

N3TRAL:
I've forgotten when light went off in my vicinity.

Rivers State, Nigeria.

My Abuja residence also has constant power supply. AEDC sends mails to customers notifying us of disruptions and routine maintenance that may affect power supply.

It's a fact that the power sector has massively improved from what it was in 2007. Nigerians do not notice this.

---

My observation does not negate Otedola's statement in anyway because he's right.

In my opinion, the Discos are trying. The Gencos have to be more innovative.

Subsidy should first be suspended in the power sector before the petroleum sector or simultaneously.

IF I may ask, pls which area in abj you referring to.

Kukutenla:

This is the dishonesty that's typical of you APC supporters. You were quick to call out the failure of the previous govt in the pwr sector but rush to defend the present govt when their failure is also highlighted.
Apart from the lies in your flimsy excuses, since you know the enormity of the task involved in pwr, why then do you blame some people for not improving on the distribution within a space of less than ten years? If govt is struggling to make impact in only one out of three stages of pwr, why do you blame private companies whose major means of finance is loans when the interest rates have been rising over the past eight years while the forex has crumbled?
It seems you lots are only interested in blame game and buck passing and not the development of the country.
What's in it for you is what I don't understand.

I'm not brought up in such an atmosphere where people just rush to say things against the understanding of fact.
You accused TCN/Govt for not doing anything and I brought you N1trillion ongoing projects.
What are u telling me abt the DisCos who never had intention or haventy done anything to improve their systems. Cite any place where accused previous Govt failure? Is it not treason to sell such an integral part of Nationsy development to people who are just pushing us to crisis? Why didn't they sell it to the capacitative buyers or wait till the right buy present himself?
We are talking abt facts on ground with knowledge of the system not mere hearsay lies you always believe in.
Go and verify fscti not rantings!

greatiyk4u:


Are you scared of losing your job?
Don't be,
The MOU Soludo signed with EEDC to give part of Anambra state steady light, and the resultant purchase and deployment of 500,000 prepaid meters for Anambra customers are part of the mechanism in place to avert the bank takeover

However, with the current power vested on state Governments to generate, transmit and distribute electricity, the monopoly has been broken, and know that it will be difficult for EEDC with insincere management and board teams to compete and remain afloat in the business with all these there fear of investing in operational materials to improve quality of supply and minimize technical losses..........this is the one major reason for corruption among the field workers and this advice had been communicated severely to the right quarters to no avail........

If this challenge of yours was coming from a top management staff, I would have gotten angry and act accordingly but heck, you are not in the mainstream equation

Shalom as you keep growing and progressing in your career

WHAT YOU SAID ABOUT EEDC DEY WAN HAPPEN TO AEDC.

UBA to sell Abuja Disco over $122m debt
7th April 2023

United Bank for Africa
By Oluwakemi Abimbola

The United Bank for Africa has revealed plans to sell the Abuja Electricity Distribution Company to recover a $122m debt the Disco is owing it.

The lender had in December 2021 taken over the disco following the government’s approval.

The plan to sell was revealed at the bank’s audited 2022 results conference call (strategic review and outlook).

In December 2021, UBA took over AEDC over the inability of its major stakeholder, Kann Consortium, to service the $122m debt owed to the bank.

Kann Consortium secured a loan from UBA to acquire AEDC in 2013, making it to hold a 60 per cent stake in the Disco.

According to Bloomberg, the Executive Director, Risk Management and Finance, Ugochukwu Nwaghodoh, said that discussion about the sale of the Disco was at an advanced level.

Nwaghodoh was quoted as saying, “We are at advanced stage of discussion towards disposal and we believe that in the course of this year that will be totally consummated and we will be done with the full realisation of that asset.”

The takeover of the disco was a major loan default in the power sector privatisation drive of the Nigerian government.

Providing explanations on what led to the changes in the ownership structure and management at the AEDC, the Minister of Power, Abubakar Aliyu, as of December 2021, said the takeover of the Disco by the bank had to happen.

He said, “The AEDC has, of recent, been facing significant operational challenges arising from a dispute between the core investors (KANN Consortium) as owners of 60 per cent equity in the AEDC and UBA as lenders for the acquisition for the majority shareholding in the public utility.

“The situation has currently deteriorated due to a lack of access to intervention finances leading to a point whereby legitimate entitlements of the staff are being owed thus leading to service disruptions on December 6, 2021 within its franchise area.

Aliyu added, “The UBA, as a lender, and in exercising its rights over the shares of KANN Consortium in the AEDC, has taken over the shares of the obligor in the AEDC. This takeover of the majority stake in the AEDC by UBA has consequently led to the reported changes in the management of the AEDC.”

He said the changes in shareholding in the AEDC and the appointment of interim management for the Disco by the shareholders had been endorsed by the Nigerian Electricity Regulatory Commission and the Bureau of Public Enterprises (as co-shareholders in the AEDC).

The AEDC is the licensed utility that serves end-use electricity customers in Kogi, Nasarawa, Niger States and the Federal Capital Territory.

greatiyk4u:


Only IKEJA disco making profits
Enugu about to be taken over by bank

What you said is getting clearer.

.

The power sector is critical in the quest to revive the economy of Nigeria. Nigerians are self-sufficient and industrious. Any serious government must make the power sector a priority and make sure it works.