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Home > Electricity supply
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Opinion

Why Peter Obi-Datti Baba Ahmed Should Get Your Vote in 2023

by Leading Reporters July 23, 2022
written by Leading Reporters

I am not the typical politician or party man, but I love Nigeria very much to be deeply interested in her welfare, progress and future. It is from that perspective, unbiased and objective, that I put these thoughts forward.

I have been around enough to know that Nigeria has suffered from leadership deficit, and that many simple things have been left undone purely because of self-centered interests. I am also able to see that past leaders have failed woefully to unite Nigerians and erase such divisive tags as religion and ethnicity.

After over sixty years of independence, we are unable to birth a true Nigerian citizenship; rather, we have remained as Yorubas, Igbos, Hausa, Ijaws, Ibibios, Fulanis, Nupes, Idomas, etc. There is nothing wrong, as such, in coming from an ethnic stock, but there is everything wrong when ethnicity is promoted over and above nationhood, common brotherhood and sisterhood of humanity. The blame is squarely on the door steps of past political leadership.

Next year’s presidential elections, therefore, present us a fresh opportunity to do a total rethink, call it re-jig and introspection. In that regard, so far, we have identified three major frontline political parties. The one is the ruling All Progressive Congress, the APC, having Senator Bola Tinubu and Kashim Shettima as flag bearers. The other is the Peoples Democratic Party, PDP, having Alhaji Atiku Abubakar and Governor Ifeanyi Okowa, as flag bearers.

Then the third is the Labour Party, having Peter Obi and Datti Baba-Ahmed as flag bearers. Apart from the names of the individuals in the first and second political parties, both APC and PDP are like Siamese twins. They are populated by the very same class of Nigerian politicians who have ruled Nigeria from 1999 till date; and who have crisscrossed effortlessly between the two parties. The results of their years of governance, like score cards, are on the table for every Nigerian to behold. It shows abysmal performance in all key sectors of human and public affairs.

Our security situation is in tatters, with various security agencies at the lowest ebb of their sense of devotion and patriotism. Fear of death, kidnap and payment of ransoms have become daily experiences for Nigerians when travelling, and even while in their homes. The economy has nose-dived to the point where government is said to now borrow to address recurrent expenditures, thereby totally abandoning capital projects. The result has been mind-shattering inflationary rates that have left every citizen living below acceptable levels of existence; while pushing many others into stealing and corrupt practices. Electricity supply challenges have been intractable. The educational sector has shamefully been in total comatose. Healthcare delivery is unaffordable, and nearly absent; yet the political elite prefer going on medical tourism abroad. In short, the citizens have been left wondering why nothing seems to work, and are daily seeking after greener pastures in other climes. Worst of all, the entire Nigerian brand, represented by our Flag, has suffered grave damages!

Then, here comes Peter Obi and Datti Baba-Ahmed; the duo with clear articulation of solutions to these myriads of challenges. They came from what you may call the political underdog class, but equipped with high moral and ethical dispositions never before seen in Nigeria’s political space. They seem like a dream reality for the Nigerian class of youthful voters. They also present the fresh hope for the many otherwise disenchanted adult voter population, all of whom have ‘seen it all’ with the crop of charlatans who have occupied the political space in the past twenty plus years in Nigeria.

In short, the Peter Obi- Datti Baba-Ahmed team has the following going for it:

  1. Clarity of understanding about the myriads of challenges facing Nigeria and Nigerians.
  2. Clarity of applicable solutions for each challenge.
  3. Background in private sector attainments that show grit, capability to generate wealth, integrity and passion to excel.
  4. Zero tolerance for the usual corrupt ways of acquisition of political power in Nigeria.
  5. Manifest show of love for the masses of Nigeria and determination to turn around the fortunes of the country through clearly articulated ideas and programmes.
  6. Uncommon show of simplicity and humility, conveying a sense of ‘not business as usual.’
  7. Transparent records about self, past achievements, attainments and associations.
  8. Impeccable academic and professional exposures that guarantee capacity to address the challenges of Nigeria.
  9. Uncommon ability and flair to clearly articulate believable road maps for deliverables.
  10. Detribalized approach to issues of national concerns, devoid of primordial sentiments such as religion and ethnicity.
  11. Finally, these two gentlemen have age and health in their favour, and have been able to effortlessly elicit revitalization of genuine hope and sense of patriotism, once more, among Nigerians, especially youths, who for many decades have remained aloof from politics and governance.

Even INEC has become a beneficiary, as new enthusiasm is being generated and galvanized by Peter Obi-Datti Baba-Ahmed towards electioneering processes in Nigeria.

It is for these reasons, and many more which space would not immediately permit me to state, that I highly recommend the flag bearers of the Labour Party, Peter Obi-Datti Baba-Ahmed to you. Be objective and remember that your vote for them amounts to birthing a new Nigeria.

A GENUINELY CONCERNED NIGERIAN.

July 23, 2022 0 comments
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GeneralGeneral

Meet Mr. Fadeyibi “The Hitman from Transcorp Power Ltd” Doing the ruthless bidding of UBA Bank in AEDC

by Leading Reporters April 13, 2022
written by Leading Reporters

Electricity consumers from the Federal Capital Territory; Nasarawa, Niger, and Kogi States are in for rough times owing to a ruthless revenue drive being spearheaded by Mr. Adeoye Fadeyibi, on behalf of United Bank for Africa, UBA.

UBA is a major creditor to AEDC.  Technically, UBA owns the Abuja Electricity Distribution Company  AEDC as it stands now. This followed several loan defaults by the electricity distribution company via its UBA Account No. 1019269503. 

An insider source said that Tony Elumelu routed for Fadeyibi after the later set up structures in Eko Electricity Distribution Company EKDC that saw revenue skyrocketing and operational costs and losses down.  Fadeyi’s feat in Elumelu’s Transcorp Power Ltd, Ugbelli where he ramped up power generation of the company from its abysmal 164MW to 634MW within interval of 25 months  was too glaring to be overlooked and needs to be replicated in AEDC, by Tony Elumelu’s estimates.

Other accounts the company maintains with UBA include AEDC Impress Funding  Account No. 22174094498.  This account has become a conduit through which billions of Naira were fleeced under the subheading – Operational impress.  For instance, between October and December, 2018, a total of N1,579,015,000 was mopped into the account as imprest. UBA Account No 10176666012 is believed to be another suspicious account with which the erstwhile management of AEDC carried out their acts.

Other AEDC accounts with UBA  include account no. 1019034680.  This account, according to investigation was used to sweep funds which were later diverted to yet another UBA account No 1017547366.

Another interesting activity uncovered is a UBA Account No.1017681365, allotted to AEDC WAMBA, Nasarawa State.  The account is shrouded in secrecy and may have been used as a veritable conduit for diversion of funds.  AEDC Okene Area Office with UBA account numbers 1021027984 and 1017805387 are two of the many accounts of AEDC that were structured to be leveraged to soothe the stealing appetite of the erstwhile management of AEDC.  

According to a discreet source, the former management played a conscious, pre-meditated  role that paved way for UBA acquisition of AEDC. 

Kabba AEDC Account No 1017805387 was another porous and specially structured account allegedly used in fleecing the Federal Government.

Mr. Fadeyibi prior to being drafted to AEDC by Tony Elumelu-led UBA worked as the Managing Director and Chief Executive Officer of Transcorp Power Limited, Ugbelli.  The company is owned by Tony Elumelu.  Mr Fadeyibi career path has as well cut across  Eko Electricity Distribution Company where he was the MD/CEC as well as General Electricity.

A discreet source who spoke to LeadingReporters on condition of anonymity said that Mr Fadeyibi is on a mission.  A ruthless mission to bend all known rules in the bank’s bid to recover all the monies and loans AEDC owns UBA.

“His mission from his paymaster is clear – Bend all rules, squeeze all sources and get us all the money.  Unfortunately, the consumers are the ones to be squeezed in a sector where regulators are in the pockets of the players.  It is a pathetic situation”.

The electricity consumers with the capital territory and its neighboring states are in for a hard and sad time as the move by UBA would see them paying for more and getting less in terms of quality service. 

“Money, revenue, more revenue and more profits are now the drive force in AEDC”

“The former guys were hired to play the role they played that paved way for UBA to take over AEDC.  AEDC is one of the electricity distribution companies that has proved to be viable.  UBA management has been eyeing the company and incessant loan was the best way to dive in”.

UBA continued to avail its loan spree to AEDC, targeting that a time would come when AEDC would not be able to meet its financial obligation to the bank, thereby paving way for outright ownership.

“Tony Elumelu understands the viability of AEDC, being someone whose company Transcorp Power Limited is a player in the power sector”.  The source said.

April 13, 2022 0 comments
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Headlines

Erratic Power Supply will Persist if issues of National Grid are not Addressed – GENCOs

by Folarin Kehinde March 13, 2022
written by Folarin Kehinde

The Generation Companies of Nigeria (GENCOs) has said that the current epileptic power supply witnessed across the country will continue if issues affecting the national grid are not addressed.

Addressing newsmen in Abuja on Sunday, the Managing Director/ Chief Executive Officer, Association of Power Generation Companies Dr. Joy Ogaji noted that over seven GENCOs has consistently demonstrated commitment to the power sector, but issues around the national grid and outstanding debts still lingers.

“The current state of the National Grid must be addressed. Otherwise, we’ll continue to always deny Nigerians their legitimate expectation to reliable supply of electricity. Over seven gencos have consistently demonstrated their commitment to Nigeria, Nigerians and the power sector”.

According to Ogaji, report has that the current low power supply was attributed to the GENCOs, but affirm that it was not true.

“The attention of the power generation companies in Nigeria in bracket gencos have been drawn to a publication by the transmission Company of Nigeria TCN issued on the eighth day of March 2022 in some national dailies and social media, social media platforms ascribing low power generation to gencos inability or refusal to generate in the publication TCN sought to absolve itself of any responsibility from the ongoing shortage of power supply in the country”.

She noted that If we get the Nigerian electricity supply industry right we will get the Nigerian economy right but the issue at hand is not about blame game but resolve to find a solution as soon as possible.

“We rejects any attempt to continue to extend the blame game by suggesting that gencos are responsible for the current state of things in the past sector. Nothing can be further from the truth than that”.

She however call for an urgent meeting with the government and relevant stakeholders to address the issue at hand as a matter of urgency.

“We want to have a seat down as a matter of urgency with the government if we want sustainability of power in the market, we are calling on various agencies to call the GENCOs to a room, we are tired of crying on the pages of news papers before we can be heard”.

“We are calling on the government to seat down with us and look at each of these lined item and let NBET also bring there own document, let us do a reconciliation”.

March 13, 2022 0 comments
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Headlines

World Bank: name Nigeria as Africa’s poorest supplier of electricity with unending power outage

by Leading Reporters April 26, 2021
written by Leading Reporters

Nigeria now has the highest percentage of the population without access to electricity globally, overtaking the Democratic Republic of Congo, according to the World Bank reports.

In a virtual engagement with reporters in Abuja on the Power Sector Recovery Programme (PSRP), the bank officials said 25 per cent of Nigeria’s population do not have access to electricity supply.

The Word Bank also stated that many of the over 200 million Nigerian population with access to electricity had battled prevalent blackouts and defective electricity supply for years with Billions injected to the failed sector.

“Nigeria now has the largest number of unelectrified people globally, and the trend is worsening; of the electrified, the supply is very unreliable with widespread blackouts,” it said.

The financial institution observed that the electricity supply had risen from 1.1 per cent yearly since 2010 but at a slow pace compared to the population growth of three per cent annually.

“Nigeria now has 25 per cent more unelectrified people than the second most unelectrified country (DRC – in absolute terms). For the bottom, 40 per cent of the population (mostly rural), access to grid electricity is even lower at about 31 per cent nationwide. Regionally, only South-West has access of over 50 per cent (except Kano),” it said.

In his presentation, Ashish Khanna, the WBG Practice Manager, West, and Central Africa Energy, noted, “The power sector is operationally inefficient with unreliable supply exacerbated by high losses and lack of payment discipline.”

Mr Khanna explained that many businesses had lost their prospects due to the erratic power supply in Africa’s most populous country.

“Businesses in Nigeria lose about $29 billion annually because of unreliable electricity while Nigerian utilities get paid for only a half of electricity they receive,” he added.

The bank further stated that 80 per cent of grid-connected households have less than six hours of electricity daily, while 40 per cent of those with access to power depend on other means.

It, however, pointed out that the PRSP intended to foster a change in the electricity situation while disclosing that $1.25 billion was approved by the board between June 2020 and February 2021 to reset the power sector.

April 26, 2021 0 comments
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BusinessHeadlines

FGN N50b monthly electricity susbsidy not True

by Leading Reporters March 18, 2021
written by Leading Reporters

Organised Labour has tackled the Federal Government over claims of subsidising electricity supply across the country for over N50billion monthly.

The administration of President Goodluck Jonathan privatized the electricity sector in November 2013 and handed it over to 11 distribution companies and six generating companies.

Last month, Minister of Power Sale Mamman, said the Federal Government was paying N50 billion monthly to subsidise electricity across.

But Labour yesterday wondered why the government would pay subsidy for a sector it claimed to have privatized.

Deputy President, Nigeria Labour Congress (NLC), Joe Ajaero, asked the government to come out and tell Nigerians the level of money they were giving to the operators of the sector.

Ajaero, who doubles as the General Secretary of the National Union of Electricity Employees (NUEE), asked the government to unmask the real owners of the Distribution and Generating Companies the sector was sold to in 2013.

He spoke at a briefing to unveil the burial arrangements for the late Secretary General of the Medical and Health Workers Union (MHWUN), Dr Silas Adamu.

The MHWUN scribe and his wife and daughter died in a road accident along Abuja-Kaduna.

Ajaero said: “I have never believed that there is subsidy. Let us take the electricity for instance. When it was under NEPA, the tariff was down there; nobody gave NEPA one kobo. And NEPA was running the lowest tariff. It was not subsidised.

“Now you sold it to people and they increased tariff five times and you still tell me you are subsidising it. I think there is something wrong there. And throughout the meeting we told them there is no subsidy.”

“How do you subsidise a commodity that is the private sector? Are they subsiding garri, banana and plantain that are in private houses? Having privatise the sector unless the so called operators are blackmailing them (Fed Govt) and collecting money free from them (government).

“If a product is sold for N10 per kilowatt hour you then privatise and started selling it at N30 per kilowatt hour, with additional N20 and then you say you are subsidising it doesn’t add up. I don’t know where that money is coming from. It is not true.

“They (government) should come out and tell Nigerians the level of money they are giving to the operators. Nigerians should be able to unfold the real owners of the Discos.

“The names we are hearing none of them own the Discos whether the MD or Chairman or both and we need to know. We have said this again and again and people are saying subsidy. Then you say you have subsidised with about N1.3 trillion and you sold it at N400 billion and we don’t ask questions?

“Why will subsidy be more than the price?”

The labour leader also said governance structure in the country has collapsed.

“Why will subsidy be more than the price?”

The labour leader also said governance structure in the country has collapsed.

Ajaero said: “Governance to a very large extent seems to have collapsed because when we talk of there is no electricity it will seem as if the roads are working or the rail system is working or the roads are working.

“The same way there is no electricity there is no water. You can’t even go through the public water system and open the taps. Growing up, I can still draw an inference from the 70s. That is why I said Nigeria is under developing; the country is going down.

“Things are getting bad and the problem we have is that of governance and if we fix governance things will start working again.”

March 18, 2021 0 comments
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