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Mixed Feelings on Improved Power Supply

Nigerians have been experiencing improved power supply, which has caused quite a controversy both offline and online

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In recent weeks, Nigerians have been experiencing improved power supply, which has caused quite a controversy both offline and online.

The official Twitter page of Ikeja Electricity tweeted in the early hours of Tuesday 06, September 2022, asking the consumers to rate the power supply in their respective areas.

With over 10,000 engagements on the tweet, consumers have quite a lot to say on the matter.

Here are what the consumers are saying on Twitter:

@simply_khaybee said “NEPA sef don get mouth now shaa. Well, we’re enjoying your service.

@McTMO said “All power belongs to God. We paid for your service.”

@Adebanjodavid10 said “To be very honest (Tbvh), it’s becoming scary. We are now afraid of too much light, I hope it’s not the light we would be using after next year’s presidential election that we are already using now.

Ko ni funny o.

@Adeyemi07709839 said, “Very bad in Eyita area ikorodu close to Ilepo Oba /Benson.”

@cyrilemeka said “Yea!!! What changed??

Did someone put fire in you people’s yansh?? Even when it’s raining there’s light.

The 10-liter fuel I bought last week is still there unused..”

@raplord_efizzy said “Tbh, y’all done improve a whole lot. But we haven’t been supplied power for 2 days now in Palm Avenue, Mushin. Make una do something about am.

@Luurd_hoodlum said, “Tbh I’m proud to say that we enjoy average 18hrs electricity daily. It’s the only thing I enjoyed in this Buhari Government.

@maczimus said, “It is better than before.

It will be good when you can do 365days of an uninterrupted power supply.

It will be excellent when you can sustain it for 5 years, then we will know you have arrived.

For now well done but a lot is expected.

Gracias.”

@erondu_reuben said, “You people are fantastically crooked and wicked.

So, all these while you are capable of providing constant electricity?

Why keep Nigerians in perpetual darkness when you are generating enough? Why?.”

@solomon_joseph1 said, “My area is very much okay with light but am concerned about the bill to come, hope it’s not crazy bill as usual cos the last one was something else, how will you guys send a random figure of 165,000 to a bungalow building without a factory machine, am talking about shomolu axis.”

Power distribution kicked off on a positive foot in September, a change many Nigerians are starting to embrace. This is after the several grid disruptions in the first half of the year and the recently concluded 14 hours strike that happened last month.

According to the Transmission Company of Nigeria (TCN), the daily tracker of electricity in Nigeria shows supply peaked at a record high of 5,043 megawatts on the 1st of September, which is the highest daily generation recorded.

The power supply is an essential need for remote workers, distance learning students and the majority of Nigerians and their businesses.

Government

UAE Commits $30 Billion as COP28 Climate Talks Kick Off in Dubai

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UAE President Sheikh Mohammed bin Zayed inaugurated the COP28 United Nations climate talks in Dubai on Thursday with a groundbreaking commitment of $30 billion to bolster climate solutions.

Notable world leaders, including Saudi Crown Prince Mohammed Bin Salman, German Chancellor Olaf Scholz, and Brazil President Luiz Inacio Lula da Silva, are scheduled to address the summit.

The unprecedented scale of this year’s COP is evident with tens of thousands of delegates in attendance, making it one of the largest gatherings in COP history.

Beyond politicians and diplomats, the summit attracts campaigners, financiers, and business leaders, providing a diverse platform to address pressing climate challenges.

The urgency of the discussions is underscored by the UN’s declaration of 2023 as the hottest year on record, coupled with the ongoing rise in greenhouse gas emissions.

One early success at COP28 is the agreement among nations on details for managing a fund designed to aid vulnerable countries in coping with extreme weather events intensified by global warming.

Also, rich countries have pledged at least $260 million to initiate this facility.

UAE’s COP28 President, Sultan Al Jaber, announced the launch of ALTERRA, the largest private finance vehicle for climate change, in collaboration with BlackRock, Brookfield, and TPG.

ALTERRA aims to mobilize $250 billion by the end of the decade, with $6.5 billion allocated to climate funds for investments, particularly in the global south.

As the summit unfolds, other pivotal topics include agreements to expand renewables, commitments to phase out fossil fuels, rules for a forthcoming UN carbon market, and the first formal evaluation of global progress in combating climate change since the signing of the Paris Agreement in 2015.

The UAE’s decisive move in financing climate solutions sets a significant tone for COP28, emphasizing the imperative for collective action to address the escalating climate crisis.

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Government

Nigeria Eyes BRICS Membership within Two Years as Foreign Minister Emphasizes Strategic Alignment

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In a strategic move towards global economic collaboration, Nigeria is aspiring to join the BRICS group of nations within the next two years.

The Minister of Foreign Affairs, Yusuf Tuggar, affirmed that Nigeria is open to aligning itself with groups that demonstrate good intentions, well-meaning goals, and clearly defined objectives.

Tuggar stated, “Nigeria has come of age to decide for itself who her partners should be and where they should be; being multiple aligned is in our best interest.”

He emphasized the need for Nigeria to be part of influential groups like BRICS and the G-20, citing criteria such as population and economy size that position Nigeria as a natural candidate.

BRICS, comprising Brazil, Russia, India, China, and South Africa, stands as a formidable bloc of emerging market powers.

In a recent move to expand its influence, BRICS invited six additional nations, including Saudi Arabia, Iran, Egypt, Argentina, Ethiopia, and the United Arab Emirates, to join the group.

Nigeria, as Africa’s largest economy, has been absent from the BRICS alliance, prompting discussions on the potential economic and political advantages the bloc could offer the country.

Analysts have noted that BRICS membership could provide Nigeria with significant leverage on the global stage.

Vice President Kashim Shettima clarified that Nigeria did not apply for BRICS membership after the bloc’s announcement of new members in August.

Shettima emphasized the principled approach of President Bola Ahmed Tinubu, highlighting a commitment to consensus building in decisions related to international partnerships.

As Nigeria eyes BRICS membership, the move is seen as a strategic step towards enhancing its global economic and diplomatic influence.

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Nigeria Spends N231.27 Billion on Arms Procurement in Four Years Amidst Rising Security Challenges

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The Federal Government of Nigeria has disbursed a total of N231.27 billion for arms and ammunition procurement over the past four years.

Despite this significant investment, security agencies argue that the allocated funds are insufficient to effectively tackle the myriad security challenges afflicting the nation.

Chief of Defence Staff, General Christopher Musa, defended the substantial budget for arms purchases during a session with the House of Representatives.

He emphasized that Nigeria’s dependence on foreign countries for military hardware, which are priced in dollars, diminishes the impact of the substantial budget when converted to the local currency.

General Musa explained, “We don’t produce what we need in Nigeria, and if you do not produce what you need, that means you are at the beck and call of the people that produce these items. All the items we procured were bought with hard currency, none in naira.”

He further illustrated the challenges faced, citing that a precision missile for drones costs $5,000, underscoring the magnitude of the expenses associated with arms procurement.

An analysis of the annual budgets for the Ministry of Defence and eight other armed forces from 2020 to 2022 reveals allocations of N11.72 billion, N10.78 billion, and N9.64 billion, respectively.

In 2023, N47.02 billion was disbursed for arms procurement, supplemented by a recently passed budget of N184.25 billion, resulting in a total of N231.27 billion.

Security expert Chidi Omeje raised concerns about the Defence Industries Corporation of Nigeria (DICON), which is tasked with manufacturing arms locally. Omeje criticized DICON’s underperformance, urging the government to revamp the agency to reduce reliance on foreign nations for arms and ammunition.

Omeje stressed, “The new government must make sure that DICON lives up to its responsibilities,” highlighting the urgency of fostering self-sufficiency in arms production to address the country’s security challenges effectively.

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