WHAT KEYAMO SAID ABOUT BUHARI'S GOVERNMENT
"I am one of those who mounted a strong opposition against the misrule of the immediate past old order political system in Nigeria. I am one of those social activists, who fought to oust the PDP and its bad ruling system. I am one of those who fought for the change of the political and governing statuscuo in Nigeria. And two years down the line, we can't start calling for change again, because their is not yet a better alternative. I say it with all sense of responsibility that there is not yet another political order we can say we want to push for to take over from this present one again. So, calling for change around this time simply means we are saying PDP should come back. Calling for change right now means we are talking of going back to where we came from. Calling for the change of this new governing order means we are saying we should return to the culture of misrule of the past. What some people are saying is that it pays us to go back to that unacceptable place of the past, where executive recklessness; impunity; leadership visionlessness, indiscipline and irresponsibility; merciless looting of the resources of the people of Nigeria et cetra were the order of the day. So, the only option available right now, in the absence of the third order political system, we can consider for power, to continue to engage this present one for better delivery of government services and improvements. We gave PDP the chance and enough time to improve, but the party messed everything up. We must give this APC government too time to prove it's worth. We must give them time to improve, while we continue to mount pressure on those who are in charge to run Nigeria well.
How I wish there is a third power bloc order we can start thinking about to take over from this one. A strong political and ready order in a young vibrant and energetic young Nigerian. But, believe you me, there is none yet at the moment, so we just have to keep making do with this one. It is a lot better than where we were coming from as a nation. It is better than that crude and sorry state of our immediate past. On this note, I shall continue to give this government that comparative support. That is, this one is still a lot better, compared to the last one..." - Barrister Festus Keyamo (SAN)
Niger, Benin Republic pay FG N19billion for electricity
Posted By: John Ofikhenua, Asaba
The Minister of Power Works and Housing, Raji Babatunde Fashola on Monday broke a good news to the Electricity Distribution Companies (DisCos) that the Federal Government has received $64,630,055 (N19,712,166,775) electricity bill payment from the Niger Republic and the Benin Republic.
According to him, the Nigeria Electricity Bulk Trading Company (NBET) is expected to work out the modalities before onward distribution to the DisCos.
He spoke at the 21st Monthly Power Sector Ministerial /Stakeholders meeting at the Asaba, Delta State that Benin Electricity Distribution Company (BEDC hosted.
The minister had earlier commissioned the 215MVA Asaba sub-station transformer, which, he said, will reduce the incidence of load shedding in the area.
But speaking at the meeting, Fashola said that: “I have some good news for you as well. Some money has come in form the power we sell to Benin Republic and Niger Republic. People wonder why this is so. They are a product of treaties and agreements.
“They also help our own economy. So we have a total of $64,630,055 that has been recovered. So, NBET will work out the modality for distribution. And hopefully, by next month, you too, should be able to report that you have received an alert.”
The minister also announced that the Federal Executive Council had on approved to resolve a meter contract dispute that it entered with a contractor since 2003, but the government’s approval last Thursday resulted in a court settlement which implies that the contractor can now have N37billion plus the interest that accrued over the time for provision of meters to the DisCos.
Fashola urged the interested DisCos to liaise with the ministry and contractor for the supply of meters to their customers, adding that the deal is strictly between the contractor and the power firm while the ministry is only to make the facilitation with the meter supplier.
He, however, urged the parties to note that the agreements will reach on meter supply will be subject to the regulation that the Nigerian Electricity Regulatory Commission (NERC) is about to present.
His words: “But on a progressive note, I am also happy to report that the approval by the Federal Executive Council to resolve a meter contract dispute entered into since 2003, has now culminated in a court settlement that was concluded on Thursday, the 9th of November.
“What that means is that that contractor will now have N37billion plus the accrued interest of the money to make meters available to customers of DisCos. They have to work with the DisCos, so, DisCos who are interested in taking this over should contact the ministry, we will make the facilitation formally with the meters supplier. “We expect this to be a bilateral contract between you and them. We don’t want to get involved. We are just going to create a link and a handshake. Some of you are presumably already talking to them to get ready because you know them.
“The agreement you will reach with them will be subject to the regulations that is coming from NERC. So those who are concerned about meters as we promised something is being done and we are moving closer to implementation.”
He revealed to the stakeholders that the Rural Electrification Agency (REA) has completed the guidelines for the operation of the Rural Electrification Fund.
The minister explained that the fund is to provide partial capital payment (subsidy) rural electricity operators.
The minister added that ” what the fund seeks to do is to provide a partial capital payment by way of subsidy for technical assistance to eligible private rural power development operators and also to end users for communities for options as hybrid solar and to generally scale up rural access to electricity.”
He said the fund is to facilitate investment in hybrid mini-grid, solar system and to generally scale up rural access to electricity.
The minister noted that those that fund will serve are the unserved rural communities.
The fund, according to him, will provide a minimum of $10,000 and the maximum amount of $300,000 which 75% of the project cost.
He said the REA will publish the guidelines and eligibility criteria in the national newspapers.
Fashola said that the Nigeria Electricity Supply Industry (NESI) has been lucky this year benefiting from the availability of water from the hydro and experiencing peace in the Niger Delta for adequate gas supply.
He promised that even as the rain is receding, there is sufficient gas available for firing the turbines for adequate power supply for the rest of the year.
Speaking, the Managing Director, Benin Electricity Distribution Company (BEDC), Mrs Funke Osibudo had said that there has been a response of the Federal Government to the theft and vandalism of electricity installation through the Inspector General of Police who has established a special anti-vandal response force in the area of operation.
She also announced that the company was making progress in the management of load and outage management.
The Chief Executive Officer said that the BEDC has improved its bill collection method with the introduction of the billing calculator.
How I wish there is a third power bloc order we can start thinking about to take over from this one. A strong political and ready order in a young vibrant and energetic young Nigerian. But, believe you me, there is none yet at the moment, so we just have to keep making do with this one. It is a lot better than where we were coming from as a nation. It is better than that crude and sorry state of our immediate past. On this note, I shall continue to give this government that comparative support. That is, this one is still a lot better, compared to the last one..." - Barrister Festus Keyamo (SAN)
Niger, Benin Republic pay FG N19billion for electricity
Posted By: John Ofikhenua, Asaba
The Minister of Power Works and Housing, Raji Babatunde Fashola on Monday broke a good news to the Electricity Distribution Companies (DisCos) that the Federal Government has received $64,630,055 (N19,712,166,775) electricity bill payment from the Niger Republic and the Benin Republic.
According to him, the Nigeria Electricity Bulk Trading Company (NBET) is expected to work out the modalities before onward distribution to the DisCos.
He spoke at the 21st Monthly Power Sector Ministerial /Stakeholders meeting at the Asaba, Delta State that Benin Electricity Distribution Company (BEDC hosted.
The minister had earlier commissioned the 215MVA Asaba sub-station transformer, which, he said, will reduce the incidence of load shedding in the area.
But speaking at the meeting, Fashola said that: “I have some good news for you as well. Some money has come in form the power we sell to Benin Republic and Niger Republic. People wonder why this is so. They are a product of treaties and agreements.
“They also help our own economy. So we have a total of $64,630,055 that has been recovered. So, NBET will work out the modality for distribution. And hopefully, by next month, you too, should be able to report that you have received an alert.”
The minister also announced that the Federal Executive Council had on approved to resolve a meter contract dispute that it entered with a contractor since 2003, but the government’s approval last Thursday resulted in a court settlement which implies that the contractor can now have N37billion plus the interest that accrued over the time for provision of meters to the DisCos.
Fashola urged the interested DisCos to liaise with the ministry and contractor for the supply of meters to their customers, adding that the deal is strictly between the contractor and the power firm while the ministry is only to make the facilitation with the meter supplier.
He, however, urged the parties to note that the agreements will reach on meter supply will be subject to the regulation that the Nigerian Electricity Regulatory Commission (NERC) is about to present.
His words: “But on a progressive note, I am also happy to report that the approval by the Federal Executive Council to resolve a meter contract dispute entered into since 2003, has now culminated in a court settlement that was concluded on Thursday, the 9th of November.
“What that means is that that contractor will now have N37billion plus the accrued interest of the money to make meters available to customers of DisCos. They have to work with the DisCos, so, DisCos who are interested in taking this over should contact the ministry, we will make the facilitation formally with the meters supplier. “We expect this to be a bilateral contract between you and them. We don’t want to get involved. We are just going to create a link and a handshake. Some of you are presumably already talking to them to get ready because you know them.
“The agreement you will reach with them will be subject to the regulations that is coming from NERC. So those who are concerned about meters as we promised something is being done and we are moving closer to implementation.”
He revealed to the stakeholders that the Rural Electrification Agency (REA) has completed the guidelines for the operation of the Rural Electrification Fund.
The minister explained that the fund is to provide partial capital payment (subsidy) rural electricity operators.
The minister added that ” what the fund seeks to do is to provide a partial capital payment by way of subsidy for technical assistance to eligible private rural power development operators and also to end users for communities for options as hybrid solar and to generally scale up rural access to electricity.”
He said the fund is to facilitate investment in hybrid mini-grid, solar system and to generally scale up rural access to electricity.
The minister noted that those that fund will serve are the unserved rural communities.
The fund, according to him, will provide a minimum of $10,000 and the maximum amount of $300,000 which 75% of the project cost.
He said the REA will publish the guidelines and eligibility criteria in the national newspapers.
Fashola said that the Nigeria Electricity Supply Industry (NESI) has been lucky this year benefiting from the availability of water from the hydro and experiencing peace in the Niger Delta for adequate gas supply.
He promised that even as the rain is receding, there is sufficient gas available for firing the turbines for adequate power supply for the rest of the year.
Speaking, the Managing Director, Benin Electricity Distribution Company (BEDC), Mrs Funke Osibudo had said that there has been a response of the Federal Government to the theft and vandalism of electricity installation through the Inspector General of Police who has established a special anti-vandal response force in the area of operation.
She also announced that the company was making progress in the management of load and outage management.
The Chief Executive Officer said that the BEDC has improved its bill collection method with the introduction of the billing calculator.
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