Adexy
16.9K posts

Adexy
@enprolos
Rivers in the desert will I find
London, England Katılım Temmuz 2010
1.6K Takip Edilen444 Takipçiler

You can leave @PeterObi alone he stands for a national project
Not a regional project
You can look for a person from your region
Them plenty

Warri, Nigeria 🇳🇬 English

@avamomoh @FinPlanKaluAja1 Nothing. Ignorance is bliss. But even the blind dream. But a jaundiced eyes is doomed.
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What happened?
1. Refusal to devalue in 2014 as oil prices plummeted
2. Stubborn determination to maintain a fixed exchange rate, even as exports of oil crashed
3. Borrowing $ to import PMS in $ to retail in N
4. Printing N22t to spend on recurrent
In fairness to President Bola Tinubu, he is fixing all 4 issues
The question is his focus, hunger is real, and the people need impactful policies today, not tomorrow

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@9jaemperor @FinPlanKaluAja1 I want to disagree with you but if I talk up say there’s corn in my pocket.
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@FinPlanKaluAja1 As far as I am concerned he is only "fixing" those issues to create more leverage to borrow money.
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@avamomoh @FinPlanKaluAja1 What do you mean can't account for what was borrowed? Even the blind can see. But to a jaundiced eyes, everything is yellow.
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@FinPlanKaluAja1 NIgeria dsnt make sense. Borrowing more than your predecessors after ending subsidy, and worse still, being unable to account for all this borrowed money. Fixing all 4 issues doesn't matter if Bola is borrowing and spending stupidly
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@dozieohaeri @FinPlanKaluAja1 All the money Emiefele gave farmers, where is it today?
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@FinPlanKaluAja1 Fixing all 4 & borrowing to buy a $150m jet that can provide 22,000 farm SMEs with ₦10m single digit 5 year loans which would've created 1m jobs. Drives around in 100 car convoys to nowhere. Insecurity & inflation keep rising
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@FinPlanKaluAja1 Buhari didn't borrow "to import PMS". Buhari bartered crude oil for PMS. This is why Tinubu's supporters falsely claimed that Buhari had removed subsidy from the budget, and people believed them
Tinubu hasn't fixed borrowing
Tinubu printed Naira
DSDP with local refineries works
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@FinPlanKaluAja1 @shugabamusa100 Don't safe money like @PeterObi or share with governors like @officialABAT
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@shugabamusa100 failed but built 10 brand new power plants?
are you for real?
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I am not an expert in power, but this is my understanding. I would like to know whether power experts agree or disagree.
This is my summary
1. Nigeria needs massive investment in power infrastructure
2. Nigeria and Nigerians can't fund this investment because it's in USD; turbines and natural gas
3. To attract investment in Nigerian power, the tariffs paid by the Nigerian consumers have to go up.
4. Nigerian consumers can't afford higher power tariffs.
5. In other nations, the government will subsidize the power cost via subsidies, so that consumers can pay lower today but higher tomorrow as they boost consumption and investment due to power availability.
6. Nigeria also subsidized power to consumers via the Multi-Year Tariff Order MYTO); however, as the MYTO is winding down, the consumers' incomes have fallen, thus it's very hard to raise power tariffs
7. If tariffs don't rise, investors or $ won't come
8. If investors don't come, power generation and distribution will not improve, meaning fewer users of grid power and a higher average power cost.
9. The critical issue is the cost of power paid by consumers, and thus tariffs
guardian.ng/news/rising-en…
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@FinPlanKaluAja1 @shugabamusa100 Gas,Nuclear energyand coal plants is the way forward. What investors hate is price fixing. We have ool windfall now. Government should declare it , agree with the governors and invest in gas fields and new transmission grid
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@IAmCruce @FinPlanKaluAja1 Subsidy is alway wrong in developing coutries. Government meed to priotise it and invest. And liberalise pricing. Private sector will invest when they nlknow there is no price fixing and government is in the business too to compete with. Govt can sell it's stake later.
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@FinPlanKaluAja1 Correct. For a start, the govt can pay subsidies, which is guaranteed ROI for investors - where investment triggers the subsidy, or it can eliminate all taxes on embedded generation below industrial capacity.
Then, build capacity from there.
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@FinPlanKaluAja1 @shugabamusa100 We need down stream and upstream investment. Develop gas fields ( very expensive and opportunity cost), upstream transmission lines, transformers, ...it's alot. It's a long term continuos investment that has to have a standing deduction not budgetary.
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@FinPlanKaluAja1 Yes because it costs more to generate power from Delta and Port Harcourt & send it to Osun, before distribution. In the course of wheeling it to the national grid at Osun, some will be lost. Also, gas is in abundance in these area making power cheaper without transporting gas
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@warrybuffett @FinPlanKaluAja1 Where will the "massive " investment come from? Loans ask Kalu or taxes?
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Agreed..
My point is.. why is Federal govt not looking in that direction given we have huge gas reserves?
While is the proposed solution sounding like: We either increase tarrif or there is nothing we can do..
Then there is clearly a third option...
Massively invest in gas drilling(either state or privately owned) sell it to power generation companies at breakeven cost not Intl prices..
Only one huge overhead cost but long term cheap benefits
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@FinPlanKaluAja1 Since most of the power generation is via gas..
Why can't we nationalise some gas field and use it purely for power generation? Own by state firms and reduces the power prices significantly
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@FinPlanKaluAja1 Excellent submission. Please ask @PeterObi what he learned from Egypt out of all you've listed. Tenkiu
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@FinPlanKaluAja1 "Conditional cash transfer" is the name as Progresa in Mexico and Brazil. If you ask @PeterObi he can tell you about Bangladesh.
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