The #NotTooYoungToRun bill is a welcome development. We also need to look at the cost of electoral forms. A presidential form costs about #10m. How many youths with a genuine source of income can purchase this and still sponsor his or her own campaign?
I have said it before, the Lagos State Government has a major role to play. Individuals who package fake medications to destroy lives and unalive people should not be allowed to exist in the State. When the state is ready, it will sanitize that market.
People keep making the mistake of thinking that the electricity problem in Nigeria is a technical or financial problem when it is a consumer behavior problem.
You guys are committing murder on camera to sell your candidate. Someone without a weapon to harm or harass you?.
A new Nigeria is never possible with anything obidient associated with it.
Y'all are mad and deranged.
One of the biggest obstacles to the development of Nigeria's electricity sector is government price control. When price ceilings for consumers are set below the levels required to attract investment, investment tends to decline unless a third party bridges the gap.
This is not an issue of morality or affordability. It is simply how markets work. If consumers do not pay the economically sustainable cost of electricity, including the costs associated with inefficiencies in production and distribution, someone else must foot the bill. That responsibility falls on the government if it chooses to keep prices artificially low.
Owners of capital across all sectors invest to earn returns, not to provide social subsidies. Investors may tolerate short-term losses or accept lower returns, but they will not indefinitely commit capital to businesses suffering persistent losses, regardless of how socially valuable their products or services may be.
If the government wants consumers to pay less than the prices required to sustain electricity supply and attract investment in electricity infrastructure and gas feedstock, it must finance the difference. It cannot transfer that social policy obligation to private investors and expect investment to flourish.
Hereโs another way to look at Nigeria's power sector. If government removed restrictions that prevent cost-reflective pricing, allowed investors to earn market-determined returns, and focused on enforcing safety, competition and service-quality standards, the industry would likely attract more private investment. This could mean higher electricity prices and reduced affordability for some consumers in the short term. But keeping prices artificially low also has costs, such as inadequate investment, unreliable supply and persistent electricity shortages.
The choice is between an electricity market that attracts investment and expands supply, or one that keeps prices artificially low at the expense of investment and reliable electricity.
No president will deliver 24h power in 2 years even if the funds are available. Significant improvement? Yes but 24h stable power across Nigeria in 2 years is almost impossible. Lead time for some power plants like 1mw for some manufacturers is around 8 to 12 months.
Let me clarify this.
If a President comes to office, makes himself Minister of Power, and says he will deliver stable power in 24 months, it's possible
My point is power is not the focus because it does not give quick wins; power is not low-hanging fruit. Power can't be launched at 80% or 95% completion; it must be 100% before it's launched. A road can be used at even 10% completion.
Take President Bola Tinubu: what has been his most visible project? The Coastal Road; that road was approved, started and funded, and completed in record time. what do you all think was more important to Nigeria? a costal road or power barges?
When Tinubu was a Governor, he brought barges to provide immediate power; those kinds of barges are still available. Why have they not been imported? Fast-tracked into the national grid?
Now the issue is not even generation; it's transmission. Can we fix transmission in 24 months?
If you understand that your relatives can have freedom of relationship regardless of political affiliation, why are you and your cohorts online bullying people with a different political choice?
Again, I donโt blame you.
I blame the fools listening to your kind.
The financing gap Nigeria needs to bridge:
Infrastructure - $100b a year for 30 years
Energy - $410b rising to $1.9t by 2060
MSME - $32b a year from now till 2060
Agriculture and climate adaptation - $336b over 10 years
But they are stealing from our $40b annual budget, thatโs why we are not great ๐คก