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@woye1@PeterObi APC wey attack GEJ on his good policy and later talk say na politics after still following GEJ policy na una won believe? If APC tell u good morning check well na afternoon dem fit leta con tell u say na becos of politics dem talk good morning..
This community transformer racket has to stop completely. It is daylight robbery disguised as community self-help, and the regulatory double standard is sickening.
Look at how the power sector works in Nigeria:
When a community transformer blows up, the DisCo goes deaf. You write letters, make calls, and nothing happens. Six months down the line, residents are suffocating in darkness, small businesses are dying, and fuel prices are draining everybody's pockets.
Out of sheer desperation, landlords gather, task every household 50k, 100k, or more, and scrape together 5 to 8 million Naira to buy a brand new transformer, buy heavy copper cables, and pay for poles.
The moment that equipment is energized, the DisCo claims it as company property. They add it to their network balance sheet, and within two weeks, they start distributing Band A and Band B bills. If you do not pay, they disconnect you with the ladder leaning on the very pole you bought with your own sweat.
How can a private, for-profit utility company take free capital equipment from struggling citizens, pay zero interest, give zero equity, and then charge those same citizens full price to use it?
If NERC mandated that customers who pay upfront for meters under the MAP scheme must be refunded their money over time through energy credits, why does the exact same logic not apply to transformers?
A meter costs 100k to 150k and you refund it via monthly energy units.
A transformer costs 6 to 10 million Naira funded by an entire street, and you pretend it was a charitable donation to a private entity?
This injustice has to end.
If a community is forced to step in and buy infrastructure because a DisCo failed its obligations, NERC should make automatic amortization mandatory:
Every single household on that street that contributed to buying that transformer should have their meter credited with monthly energy units until the full cost of the asset, cables, and installation logistics is completely paid back.
You cannot let private DisCos enrich their asset portfolios with crowd-funded community blood and then charge those same people premium tariffs for power. If DisCos want to own the asset, they must refund the people who paid for it.
@mobilisingniger@FinPlanKaluAja1 This is exactly what the ruling party wants....discuss everything else expect what is actually happening...imagine us discussing weda a loan of 2013 not spent is a debt or not...rubbish
ON THE ANAMBRA DEBT QUESTION
I have remained silent over the past few days because I have been grieving the loss of my very dear elder brother and friend, Chief Okey Ezeibe. However, the time has come for me to address some of the matters that have occupied public discussion in recent days.
I respectfully urge everyone to concentrate on the existential challenges confronting Nigeria and the hardships endured by its citizens, rather than on the needless distractions that have become widespread in our politics.
I wish to assure the public that I have no disagreement with my dear elder brother, Governor Soludo, or with any governor in Nigeria. I am not seeking the office of governor in any state, and I will not seek that position again, even if the Constitution is amended.
Accordingly, I appeal to governors to support whichever presidential candidate they choose while also permitting and assisting other presidential candidates and contenders for other offices to campaign freely and without interruption in their states. Ultimately, voters should be allowed to determine whom they wish to serve them.
Regarding the multilateral funding inaccurately described as “debt owed by Peter Obi” in Anambra State, I wish to state unequivocally:
As Governor of Anambra State, I did not approach any financial institution to borrow funds or issue a bond on behalf of the state. Indeed, at his farewell ceremony, the then Director-General of the DMO, Abraham Nwankwo, appointed me chairman and declared that, during his 10 years in office, I was the only state governor who had not approached him for a loan facility.
When I left office, the Anambra State Government owed no unpaid salaries, gratuities, or pensions. Neither did it owe any contractor or supplier who had completed work that the government had verified and certified.
Regarding development financing from the World Bank, these are concessionary development-support funds secured by the Federal Government for states selected by it to address specific needs. Repayment is spread over 25 to 30 years.
The Anambra State Government must therefore differentiate among three separate figures: the total amount approved for the multiyear development program; the amount Anambra State actually drew during my tenure; and the funding balance outstanding when I handed over on 17 March 2014.
The government has combined these distinct categories, added them together, and described the resulting US$123.77 million as “loans left by Peter Obi.” That is an incorrect application of public-sector accounting.
The eight facilities identified were primarily World Bank and IFAD development programs negotiated by the Federal Government, with participating states receiving access to the funds through subsidiary arrangements. They were not conventional commercial loans that I personally secured during my tenure.
This does not suggest that Anambra had no repayment responsibilities; rather, each facility must be examined in light of its approval, effectiveness, drawdown, and repayment record.
The clearest contradiction appears in the government’s own figures. It states that the original facilities amounted to approximately US$123.77 million and that US$92.35 million remained outstanding in June 2026. However, the DMO’s published records showed Anambra’s total external debt at approximately US$18 million when I began my tenure in March 2006, about US$30 million in March 2014, when I left office, and approximately US$45.15 million as of 31 December 2014, nine months after my departure.
The Anambra State Government must therefore clarify how a state whose recorded external debt was about US$30 million in March 2014 and US$45.15 million in December 2014 could supposedly have inherited US$123.77 million from Peter Obi, who left office in March of that same year.
@TheToluB The real issue about this yahoo yahoo thing is that it exposes the persons involved to a life that is unsustainable...this is very dangerous especially at a very young age...we may be entering a pandemic of depression, drugs and theft in the nearest future.
@DonAzag Wike needs to exaggerate his influence to show that he's still relevant in National politics when he's not...he's just marketing himself to the business man in Aso rock.
@UTDPsalm At least Amad has more successful dribbles, marks and presses more...this better for the team as we have enough players to share the goals and assist responsibilities.
@RobinaxOg Political power used for what exactly? Do you think Mr Peter Obi justbwants to be president? If being president doesn't affect the people or change Nigeria for the better than what's the essence of the struggle? Anything worth doing is worth doing well...
This conversation I had with colleagues today in the office.
People want the Peter Obi they got endeared to but discovered that the corruption in the country didn't allow him become president.
In hindsight, they now wish he was someone that could win at all cost, not realizing that winning at all cost will cost them the Peter Obi they got endeared to.
Nigeria got so dysfunctional that only the dysfunctional ways work. A failed country
@BO_Mayor The negotiation has to end in a win-win scenario...have you asked yourself, what do Obi really want?... Obi has said several times that he's not desperate to be president. So, Wike cannot meet Obi's terms...hence no agreement.
@Dayveed_Ade Tielemans and Bruno can't play together, they always seem to get in each other's way. Casemiro usually leaves the midfield for Bruno when we are in possession and makes forward runs to the box but Tielemans can't, instead he prefers to pass the ball like Bruno.