seunpinky:
This is the way to go.. I currently work with an IPP that manages electricity to several estates within the lekki axis and they pay premium price for uninterrupted power supply. The tariff ranges from btw N55/kwh to N60/kwh. Electricity is not cheap.

ahiboilandgas:
the blue line is built on top it a metro line the redline moves from ikorodu to marina....

gaeul:
See what Treasury bills thread has been reduced to...When a house is abandoned...Rat and reptiles take over....I pray rates get better soonest...so this thread can come alive again

emmanuelewumi:



I am sorry, i never mentioned names

gaeul:
See what Treasury bills thread has been reduced to...When a house is abandoned...Rat and reptiles take over....I pray rates get better soonest...so this thread can come alive again

emmanuelewumi:
.

Primero Transport, a company that is linked to the godfather has the license for Ikorodu to TBS route. The company has over 400 BRT buses in its fleet. The company does not pay to Agbero, LASTMA and others

I am suggesting something similar for Sango Otta to Oshodi route. Badagry to Mile 2 route, Oshodi to Obalende route, CMS to Ajah route etc

seunpinky:
Oga mi, if I reveal the rot in primero transport, u will wail for us as a nation. The primero project is quite ludible if well executed. But the debt profile of the coy is something else ( diesel debts, refinancing of the loan from sterling bank by issuing a corporate bond, the bond was not so successful as a major investor pulled out at the last minute). When u say they have 400 buses, I laff out loud, do ur findings and confirm how many buses they roll out daily.

gaeul:
See what Treasury bills thread has been reduced to...When a house is abandoned...Rat and reptiles take over....I pray rates get better soonest...so this thread can come alive again

CsRockefeller:


Primero Transport is probably d worst run entity in the world.

Words fail me to understand how a company that runs the Ikd to Tbs route can't break even.

The forces holding Lagos down are really strong.

seunpinky:
Oga mi, if I reveal the rot in primero transport, u will wail for us as a nation. The primero project is quite ludible if well executed. But the debt profile of the coy is something else ( diesel debts, refinancing of the loan from sterling bank by issuing a corporate bond, the bond was not so successful as a major investor pulled out at the last minute). When u say they have 400 buses, I laff out loud, do ur findings and confirm how many buses they roll out daily.

seunpinky:
I agree � with ur write up, I wouldn't have put it better. Primero generates an average daily revenue of N23million on week days and N19million on weekends.

CsRockefeller:


In a sane Govt, that coy would have been thoroughly scrutinized by external auditors.

It's either someone is stealing from their accounts or it is terribly run

CsRockefeller:


You provide the services before you tax the citizens, that's how it's done not the other way round.

Now tell me, what has the Govt provided to warrant these taxes?

You want to tax me for the land I bought, sand filled, dug bore hole, bought a pole and wired my house, graded d road, provided a security at the gate?

emmanuelewumi:



Fola Tinubu is the CEO of the company.
Mismanagement killed the company.


They are subsidised by the state.

CsRockefeller:


Covid-19 was a perfect excuse to increase their fare by over 200%

It's not even about the subsidy. The new ones; Lagos Bus Ltd (operators of the light blue buses) are also subsidized but efficiently run.

I understand that Govt provides d bus and they (Primero) manages it.

The question is on what arrangement was the PPP given?

I'm guessing that Primero couldn't fulfill their own financial side of the bargain and Govt couldn't bear the cost all alone.

seunpinky:
It's a case of the more u look, the less u see.
Primero is not even fulfilling it's financial obligations to LAMATA.

gaeul:
See what Treasury bills thread has been reduced to...When a house is abandoned...Rat and reptiles take over....I pray rates get better soonest...so this thread can come alive again

CsRockefeller:


Covid-19 was a perfect excuse to increase their fare by over 200%

It's not even about the subsidy. The new ones; Lagos Bus Ltd (operators of the light blue buses) are also subsidized but efficiently run.

I understand that Govt provides d bus and they (Primero) manages it.

The question is on what arrangement was the PPP given?

I'm guessing that Primero couldn't fulfill their own financial side of the bargain and Govt couldn't bear the cost all alone.

seunpinky:
It's a case of the more u look, the less u see.
Primero is not even fulfilling it's financial obligations to LAMATA.

emmanuelewumi:



For transportation in cities like Lagos. I think government should give licenses for big businesses to ply certain routes.

Transport companies to be given such licenses should have a minimum of 400 buses in their fleet, pay an annual license fees of about 100k per bus ie minimum of N40 million per company.

Agbero should be banned and all revenues should come to the government.

Akin3891:


It's a good suggestion and there will be sanity on our roads but also note that transport fare will go up which I think the masses are not braced up for.

Covid19 make commuters pay high fare because of the
restrictions on numbers of passengers in a bus at a time , I can't just imagine the financial pain they through on a daily basis

gaeul:
See what Treasury bills thread has been reduced to...When a house is abandoned...Rat and reptiles take over....I pray rates get better soonest...so this thread can come alive again

emmanuelewumi:



Fola Tinubu is the CEO of the company.
Mismanagement killed the company.


They are subsidised by the state.

Biafran4life:
Sorry to post this here.Pls what is happening to stock market thread? Can't find it in the investment options

emmasoft:


Suggestions
Mutual funds-- VGIF recommended 7.5% Gurranteed
Stocks
GTBank and Zenith if you can take the risk
Click on my signature to do any of the suggestions with investment one (former GTBank asset management)

Enyinne:
For the mutual funds , can the person top up as someone in canada wants to know about this . Can this be opened online without appearance?is bvn needed as he doesnt hv Nigerian Acct. pls enlighten me

maishai:

From my level magnify it to a national scale.........................PREPAID CAN NEVER Work in Present day Nigeria................. I dont know of tommorrow

emmasoft:


For VGIF, investors can top up anytime with any amount.
VGIF account can be opened, monitored and funds redeemed online. The physical presence of the investors are not required for any of our operations.
BVN is required to open VGIF account. It's part of the regulatory (SEC) requirements to open investment account.

Enyinne:
Can bvn be registered when u are not in Nigeria physically? Please any idea how this works

ultron12345:


In my view, the government shouldn't waste it's scarce resources on commercial enterprises. Let the government resources go for things like basic education, healthcare, defence etc

Government doesn't need to spend a kobo of scarce resources on power. Just create the right policies and private investors will generate all the power we need in the shortest time possible. Not the current situation where electricity companies are complaining of being forced by NERC to sell below their cost price. Investors will take loans, build power plants and transmission/distribution lines, generate power, sell that power, and make a healthy profit, from which they will pay back their loans. Same thing goes for railways, airlines, pipebourne water etc. Let the private sector handle it. All the government needs to do is tax the private sector to provide education, healthcare etc

The government needs to free up the economy. Regulations are too tight. Government just dey chook hand everywhere, spreading it's scarce resources thin. Look at NNPC refineries and how theyre wasting money. Was it not the Kaduna refinery that made 60B loss last year with zero revenue. Why should the government be running refineries in the first place. Deregulate and privatise these things PROPERLY and watch the private sector work wonders.

Even major inter-state roads can be given to private companies to construct and operate. In other countries, you'll see so so road is owned 35% by this company, 25% by that company, 15% by that equity fund etc In other countries, when traveling by road, you always budget for tolls. But in Nigeria, it's all free. I rather drive on good, smooth, safe roads and pay tolls than to drive on death traps where container can fall on head for free.