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“Power sector draining national treasury” – Engineer Okoye

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The
power sector has accused of draining Nigeria’s treasury by hundreds of
billions of Naira despite being privatised more than three years ago. The Chairman, Nigerian Society of Engineers Board of Fellows, Chris Okoye said this at an event in Abuja.

Okoye
further said the excitement across the country at the time the sector
was privatised had suddenly diminished among Nigerians as the current
situation of the industry is awful.
On
November 1, 2013, the Federal Government formally transferred 60 per
cent of the public stake in 11 electricity distribution companies and
six generation firms to the private sector.
Okoye
noted that the privatisation decision and campaign were hinged on the
need to reduce the heavy pressure on the public treasury for basic
infrastructure provision and bring efficiency into electricity business
in Nigeria.
However, on September 30,
2014, despite all efforts, the Federal Government announced a loan of
N213bn to the privatised power firms.
On
March I, 2017, the Federal Executive Council announced the provision of
N701bn as Power Assurance Guarantee for the Nigeria Bulk Electricity
Trading Company for two years to pay the generation firms.

Adekunle Mokuolu, Chris Okoye and Otis Anyaeji

Deputy
President of Nigerian Society of Engineers(NSE), Mr. Adekunle Mokuolu
(left); Chairman, NSE Board of Fellows, Mr. Chris Okoye; NSE President,
Mr. Otis Anyaeji
(The Guardian)

He said,
“In other words, there is tremendous pressure on the national treasury
for the provision of electricity in Nigeria. Still, electricity supply
has deteriorated, and not improved since the privatisation. Nigeria is
struggling to generate 4,000 megawatts. The highest output ever
recorded, to the best of my knowledge, was 5,517MW, and this was in
February, 2015.

“The
transmission network is weak and fragile owing to old age and poor
maintenance. The four-year management contract to Manitoba Hydro
International of Canada, which cost Nigeria $23m in the first three
years, ended in 2016 without the Transmission Company of Nigeria
becoming a technically and financially efficient company as envisaged.”
Okoye also stated that the power distribution companies in Nigeria appeared to have a peculiar challenge.
Very
few of the consortia, which took ownership and management of the Discos
from November 1, 2013, were prepared for their new roles. In fact, we
witnessed brazen political interference in the privatisation of the
companie
s,” he said.
The Ministry of Power, Works and Housing is under the administration of ex-Governor of Lagos State, Babatude Fashola.

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Ike Ani is a Freelance writer whose quest constantly is to relate happenings around the world to human daily living. He's also a song writer and singer, Acoustic Guitarist, and Teacher.

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L. A Prisoners Infect Themselves With Coronavirus To Get Early Release (VIDEO)

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A group of silly L.A area prison inmates were very eager to contract the dreaded coronavirus .

They attempted this because they believed that would trigger their ticket out of prison.

According to the L.A. County Sheriff Alex Villanueva who made the startling revelation Monday, said about twenty-four (24) inmates at the Pitchess Detention Center in Castaic attempted (and somewhat succeeded, apparently) to infect themselves way back in mid-April 2020.

The Sheriff revealed that their department saw an increase in spike in confirmed cases out of nowhere.

He said that when they investigated, they found a high number of inmates living in one block of the prison appeared to be deliberately trying to infect each other with COVID-19 any way they could from behind bars.

When Alex Villanueva played the surveillance footages he and his team combed through carefully , and it showed several inmates hanging out in a common area and passing around what Alex described as a hot cup of water, as well as one face mask they’d each put on all in hopes of getting sympathy from a judge to spring them from the facility and let them go home.

But it turns out, their little ploy worked but, only halfway.

Villanueva reported that 21 of the inmates (out of 50 in the block) caught the ‘Coronavirus.

“What they won’t catch is a break” said the Sheriff.

Watch the Video HERE

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COVID-19 LOCKDOWN: 12 Year Old Albino Girl Suffers Eye Problems After Hawking Veggies In Abuja (PHOTOS)

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A very sad Facebook post greeted Nigerians from Abuja showing a 12 year old Albino Girl Grace, who started developing sight problems after Hawking Veggies under the scorching sun in Abuja.

The Facebook post stated that the little girl was asked to hawk the veggies by her aunt whom she lives with.

Below are the Screenshots of the Facebook post:

This sad news has sparked an outrage by well meaning individuals who spoke against such cruelty and insensitivity of the said girl’s aunt.

what do you think of this? Drop your comments below.

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“Buhari is Made In London” – Reno Omokri Blasts Presidency On Nigerian Made Products

The Buhari administration has been known for enforcing the Nigerian people to patronize Nigerian made goods though without much strategy to make life easier while this transition to economic growth is enforced.

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Reno Omokri Nuggets

The Buhari administration has been known for enforcing the Nigerian people to patronize Nigerian made goods though without much strategy to make life easier while this transition to economic growth is enforced. Many Nigerians have tagged it a harsh move that is insensitive and inhumane but moreso, Reno Omokri has singled out signals of hypocrisy in the President of Nigeria by outlining certain traits of family moves of the President that shows that he(Buhari) as the No.1 citizen has no regards for anything made in Nigeria but yet wants other Nigerians to embrace Nigerian made goods.

Reno Omokri ‘s tweet reads:

His kids schooled in England. His wife just returned from a 3 month UK stay. His daughter gave birth to his grandchild in Spain (made in Spain), yet
@MBuhari
, who is London, wants us to patronise made in Nigeria!

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