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.
Ask for better healthcare, government can't afford it.
Ask for good roads, government can't afford it.
Ask for security, the government can't afford it.
Ask for education,the government can't afford it.
What on God's green earth can the oil-producing Nigerian government afford?
I have said this before, and I believe it is important to remind Nigerians of my position as we approach 2027.
Peter Obi has my support for the presidency.
But my position is clear, I am not supporting the idea of Peter Obi becoming somebody else’s Vice President.
The day Peter Obi accepts a Vice Presidential position, I will walk away from his corner. I have said this plainly, and I stand by it.
My concern is not about personalities. It is about the kind of leadership Nigeria needs and the direction in which we want our country to go.
I have also argued that we should begin to rethink the age of those seeking executive office. The Nigerian presidency should not become a retirement home for politicians.
I believe there should be a serious national conversation about limiting presidential and gubernatorial candidates to those aged 70 or below.
Nigeria needs leadership that is focused on the future, not simply another cycle of political succession.
These are principles I have stated publicly, and Nigerians should judge them for themselves.
Some humans are inherently wicked.
Mr. Jide Kosoko, a prominent actor and movie producer, protested against ₦140 per litre, but today he wants you to support ₦1,500 per litre.
You take FAAC and develop ONLY one region;
When these are pointed out with facts and figures, you call everyone a tribalist and a crybaby. Buhari did this nepotism, but Tinubu has taken this to a whole new level.
I remind you that N20 trillion, TWENTY TRILLION NAIRA, was the total resources available to the FGN from the removal of the PMS Subsidy, yet the ONLY expressway from the SW to the SE of Nigeria is a shithole as you head East.
I have not asked that other ports and airports be stopped; I have asked that FAAC be shared proportionally, so the economy as a WHOLE can grow. You cant go to the gym and exercise only one arm; that's madness
I hate Federal Character; I hate FAAC, but if you are not going to implement Federal Character, then scrap it. Scrap exclusive lists, distribute FAAC in USD as earned, and allow States the power to negotiate projects with international partners.
Why should some States BEG the FGN for Federal support for critical infrastructure, and the same President sit and give a press conference derisking another State infrastructure Project?
Is he not President of ALL STATES IN NIGERIA?
🚨 EXCLUSIVE: Manchester City found guilty on virtually all charges relating to breaches of Premier League financial regulations. #MCFC expected to appeal against verdict issued by independent commission. Sanctions undecided, process ongoing @TheAthleticFC https://t.co/Muxqp4beK9
🚨 BREAKING: The independent panel ruling on Manchester City’s 115 charges have found the club guilty on most of the charges.
Premier League clubs were updated on the case, but Manchester City are expected to appeal.
EPL are confident on a satisfactory conclusion but there is no guarantee the case is fully resolved imminently.
Sanctions range from suspended punishments or fines to points deductions and expulsion from the league. And punishments can be applied while an appeal is ongoing.
A City spokesman: “The Premier League process remains ongoing, with significant elements to be completed, and subject to strict confidentiality. As such Manchester City FC’s position remains consistent with the club’s statement of February 2023.
“The club has diligently respected due process for eight years on the basis that the Premier League board and executive would behave as an independent, impartial and fair-minded regulator, free from partisan influence.”
Follows @David_Ornstein
Imagine Country A has cocoa and Country B has chocolate factories.
Country A sells cocoa to Country B and buys back chocolate. Everyone is happy.
But then Country A realizes it would make a lot more money by processing its cocoa itself, so it does.
Now Country B is furious, because overnight it has lost a source of raw material and a market.
So Country B finds a few people in Country A with grievances or hardline ideologies, gives them a few weapons, and says, "Go carry out your activities where Country A is building this factory."
Now Country A has a problem: its country is destabilized. So it goes to Country B to buy weapons.
Country B says, "Fine, we will sell you weapons, but you must agree to scrap that factory."
So Country A scraps its factory and resumes selling cocoa and importing chocolate.
Country A gets its weapons, Country B gets its raw material and market, and they live happily ever after.
This post has very little to do with chocolate. But now I need some chocolate. Which do you recommend, Cadbury or Nestlé?
@DiceyPrince_@PurpleKingTony@HistoryVille Okay. Going by what you just said, that means he still got some valid votes from his constituency. The same constituency which is, probably, made up of 99% Igbos. Is that correct?
@DiceyPrince_@PurpleKingTony@HistoryVille I want to be clear. So, none of the kinsmen in his senatorial zone voted for him; and that whatever number he recorded at the polls was entirely fabricated? Is that what you are saying??
A successful arms dealer, Francis Arthur Nzeribe sold weapons to both Nigeria and Biafra during the 30-month Nigerian Civil War. As a matter of fact, Nzeribe traded arms in every single place where there had been a conflict in Africa.
In the 1960s, Nzeribe worked for Kwame Nkrumah as a speechwriter, but after the coup that sent Nkrumah and his aides to Conakry, Nzeribe sneaked back to Ghana to work for the new government that had overthrown his principal.
In April 1969, Nzeribe was involved in a bribery scandal with Ghana's Head of State, Joseph Arthur Ankrah, which forced the latter to resign. In 1979, J.J. Rawlings deported the Nigerian businessman from Ghana, where he found his way to the UK to continue his arms-dealing business.
In 1970, after the civil war, Nzeribe returned to Nigeria to open his first company, FANS Holdings Limited.
In 1993, Nzeribe's Association for Better Nigeria approached the court based on corruption and rigging to stop the announcement of the June 12, 1993, election results, which ultimately led to the annulment of the election.
In May 2000, now a Senator in Nigeria's Fourth Republic, Arthur Nzeribe asked the National Assembly to impeach President Olusegun Obasanjo based on the non-resolution of the Sharia law controversy, stating that it was to the detriment of Muslims.
Most Igbo people, Nzeribe's kinsmen, were flabbergasted as most victims of the carnage in Kaduna between February 21 and 23, 2000, over the proposed adoption of the Muslim legal regime were Eastern Nigerians, while the perpetrators were Islamic fanatics.
Francis Arthur Nzeribe passed away on Sunday, May 8, 2022, after a prolonged illness. He was 83. #HistoryVille
INEC chairman is in France, president is in France, Wike is in France, senate president is in France, Defense minister is in France, what is happening there.
Nigeria allocates approximately 7.2% of its national budget to education, while Ghana allocates roughly 16.2% of its total public expenditure to the sector.
The Ghanaian Government spends more than twice (on a relative basis) on education than the Nigerian Government. That is why Nigerian students go to study in Ghanaian universities, not the other way round.
If you like, vote again for the people who talked about "agbado and cassava" - and then spend the rest of your days spewing discredited neoliberal bullshit from the 1980s.
African leaders go to UNGA and go on about Gaza.
They don’t talk about the killings in Nigeria, Congo and how sub-Saharan African is being ravaged by Islamic terrorists.
Such a useless bunch.