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.
What do you think about this 50 year roadmap for the South East?
Aba - Manufacturing.
Make it the factory of Africa.
Onitsha - Trade & Logistics.
Build Africa’s most efficient commercial and distribution hub.
Nnewi - Engineering & Industrial Production.
From spare parts to machines, automobiles and advanced manufacturing.
Awka - Technology & Skilled Talent.
Build the engineers, technicians, software developers and craftsmen our industries need.
Enugu - Education, Research & Innovation.
Turn it into a university city where knowledge becomes companies, patents and industries.
Ebonyi - Agriculture, Food Processing & Solid Minerals.
Stop exporting raw produce and minerals. Process everything here.
Owerri - Technology, Creative Economy & Hospitality.
Build a city that attracts young talent, startups, entertainment and tourism.
Umuahia - Agriculture, Biotechnology & Agro-industry.
Research what we grow. Improve it. Process it. Export it.
Then connect ALL of them with rail, reliable power, broadband, highways and a single regional market.
Good People, I am pleased to announce that Contisx Securities Exchange Plc, which is scheduled to launch next month, has received its eighth patent from Federal Republic of Nigeria. Presented below are the eight patents issued to the Exchange.
1. System and Method for Structuring, Issuing, Trading, and Settling Standardized Economic Instruments Representing Real-World Productive Assets
2. System and Method for Hybrid Off-Chain and On-Chain Settlement of Financial Transactions with Atomic Finality
3. System and Method for Bilateral Negotiation-Based Electronic Trading of Heterogeneous Financial Instruments with Automated Matching and Custodied Settlement.
4. System and Method for Computing, Modelling, and Scoring Economic Instruments Representing Real-World Productive Assets
5. System and Method for Distributed Insurance Facilitation and Matching, Premium Orchestration, and Claims Facilitation for Cross-Border Investment Protection
6. System and Method for Adaptive Collateralized Credit Issuance Using Dynamic Collateral Elasticity, Predictive Liquidation Management, and Automated Settlement .
7. System and Method for Cross-Depository Securities Collateralization, Interoperable Asset Encumbrance, and Automated Collateral Monitoring for Cross-Border Credit Facilitation
8. System and Method for Tokenized Liquidity Note Issuance, Guarantee-Backed Credit Transformation, and Secondary Market Trading of Performing Financial Assets
As soon as we launch, we will open our Careers page. We look forward to welcoming outstanding statisticians, mathematicians, software developers, engineers, accountants, economists, and linguists specializing in Hausa, Igbo, Yoruba and Nigerian Pidgin to join our innovative team.
ContiSX >> exchanging prosperity | visit https://t.co/fwxYeVmPoQ
@MuyiwaSaka I have a WhatsApp group where we play Monopoly online with custom rules (auction only, no jail rent,quick hail). It could satisfy your (virtual) bloodlust.
Full grown adults that can’t swim, cycle, skate, backpack, take a gap year, vacation, play an instrument or speak multiple foreign languages. Just a lifetime of hustling and trying to leave survival mode. These are subtle poverty metrics that no one really talks about
I predict that in 5-10 years every household will have a local AI server that serves all the AI workload of the house, digital or robotics. It’ll be as common as a WiFi router or a fridge
it creates a private mesh network to link all the devices in the house and does inference completely locally, with built in data vault resistant to remote data hacking or physical tampering. That way you can have every single piece of information about you and your family stored in there and never leaves it, and AI can use them to provide most accurate and customized services
@VanKuvay@GodwinsOE@SavvyRinu Sounds like a Nigerian thing. I worked in an international company where first-name basis was the culture. I had no issues calling the most senior official (white) in the Nigerian branch by his first name, but I struggled to call my supervisor (Nigerian) by his first name.
Be done. Done with people who drain you. Habits that destroy you. Patterns you’ve been repeating for years. Stop waiting for a sign. This is your sign. Stop doing the things that are hurting you. Now is the time. This is the moment. You need peace. Peace is choosing yourself.
Something good has finally come out of Nigeria!
Now you can learn those Coursera courses you've been yearning for and guess what? It’s completely FREE!
The Federal Government, through the Digital Training Academy, is providing 36,000 free learning licences for Nigerians to access digital skills training on platforms including Coursera and Pluralsight.
You can learn skills like:
• AI • Software Development • NLP • Quantum Computing • And more.
No announced deadline yet, so don't wait until the slots are gone.
Apply here: https://t.co/IzPFUykDKY
Go and learn something that can actually add money to your name.