The President of the Nigerian Consumer Protection Network, Kunle Kola Olubiyo, has said that for electricity generation to be done right in Nigeria, it has to be controlled by the private sector, as the public sector has a mindset of “wastages”.
Olubiyo said this in an interview with ARISE NEWS on Tuesday while discussing the importance of privatisation in Nigeria’s power sector.
He said, “For us to get it right, generation has to be private sector led, because public sector business model is not about making profit. I’ve seen an agency of government – without fear of contradiction – that issued out a job in Delta and Akwa Ibom State for 13 billion, and they used 600 million to execute the job, and so, there was a profit margin of 12.4 billion. That is public sector mindset, which is about wastages.
“The private sector business model is about efficiency and revenue optimisation, customer centricity, and what have you. So, generation as it were is public sector led. Distribution, as it is, is public sector led with some semblance of equity with government having a stake. So, Transmission Company of Nigeria, as it is now, is a misnomer to remain a public sector business model as a cash cow. We want the national grid that is within the purview of the federal government to be completely privatised.”
Further speaking on what he had referred to as the wastages of the public sector, Olubiyo said, “You will see a house being occupied by government officials, they will get approval six time of 10 million to do renovation. When they get one approval, they will detach or remove them from the file, open another temporary file or create another policy file, and represent the approval, and they will still get approval. So, all those manners of wastages, President Olusegun Obasanjo, in his wisdom and under his leadership, decided that such houses should be sold to public servants and the burden is now taken away from government.
“The same thing happened in the power sector, it’s a learning curve. The essence of privatisation is that we had a system where the depth of investment was very very low, and in reality, government has a lot of competing demands and could not make the competing mileage of the power sector. So, federal government decided to privatise. But the mistake we made then is that privatisation itself was predetermined, it was not subjected to global best practices, the right sets of licenses were not selected, it was predetermined by BP.”
He then said that the essence of privatisation was to create a competitive electricity market as he explained, “Competition to us as end users, consumer protection, we don’t have right to alternative or to make choice.”
“The customers invest in the network, and without template for refund of our money. So, what the privatisation has brought about is competition that is most efficient. But what we have at the moment, in the last 11 years, is an entrenchment of market monopoly,” he added.
Olubiyo then welcomed the recent 5th alteration of the Nigerian Constitution, which moved electricity from the exclusive to the concurrent list as he said, “The milestone that we’ve achieved is that we did amendment, 5th alteration of the constitution, moving electricity from exclusive list to concurrent list. That means that the states now have responsibility.”
Speaking further to the importance of privatisation of the power generating sector, he said, “In 2014, there were about 14 IPPs, Independent Power Plants, that applied to NERC, that applied to EMBED, that applied to TCN. They raised bonds, they were in Nigeria for about 10 years. They wanted to invest in off grid renewable energy, But because of bureaucratic bottlenecks, they were not granted license.
“So, the electricity act, what it aims to achieve is that the states now can grant license for generation, transmission, and distribution intrastate, that is, not within the purview of the national grid, while the regulatory agencies- NERC and NEMSA, will manage the grid.”
Olubiyo then said, “Our major concern is that if you are not satisfied… of course we are grossly dissatisfied, we don’t have alternative. And that is what we said the states should do with the Electricity Act – providing, they can do their own network.”
Ozioma Samuel-Ugwuezi
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<<<<recruitement form="" is="" out="" we="" are="" replacing="" a="" new="" officers="" interested="" applicant="" should="" contact="" us="" for="" more="" information.;="">>><VEHICLES @ RICES
THIS INFORMATION IS FROM THE NIGERIA PORT AUTHORITY FOR AUCTION >Custom Auctions Is Up Again and Granting Nigerians the
Privilege to Own Vehicles at Affordable RatesFOR MORE INFORMATION Call or message on WhatsApp 07O ___-6875 __-7992
RICE AVAILABLE FOR SALES ARE :-
MamaGold=30,500
Royal umbrella=30,500
Mama Gold=30,500
Rising sun=30,500
Mama Africa=30,500
Elephant Gold=30,500
Caprice =30,500
NOTE: Delivery fee IS (#5000) which must be paid before we ensure your delivery..
*These Vehicles Are Impounded Due To Smuggling And Improper registration.*
*These Vehicles Are Direct Tokunbo and Has Never Been Used In Nigeria.*.For any purchase
Call the officer
07O -6875 _-7992
#TOYOTA
TOYOTA CAMRY ₦2.2 650,000
TOYOTA CAMRY ₦2.4 850,000
TOYOTA COROLLA ₦900,000
TOYOTA MATRIX ₦800,000
TOYOTA SIENNA ₦950,000
TOYOTA RAV4 ₦1.2 MILLION
TOYOTA VENZA ₦3.5 MILLION
TOYOTA CAMRY SPIDER ₦1.8 MILLION
TOYOTA HIACE BUS ₦2.5 MILLION
TOYOTA PRADO ₦4 MILLION
TOYOTA HIGHLANDER ₦1.8 MILLION
•Toyota Land Cruiser-N1.3m
•Toyota Prado N1.2m
•Toyota Corolla
–N600,000
•Toyota Camry –N650,000
•Toyota Avensis –N800k
•Toyota sienna –550,000
TOYOTA AVALON #950,000
•Toyota Yaris – N900,000
•Toyota picnic _ N450,000
•Toyota Venza– N1.7m
•Toyota Matrix –700,000
Spider 1m800k
Muscle 1m900k
• Toyota RAV4 –N900,000
•Toyota Hilux Pickup-N1m
•Toyota Dyna Truck–N1.3million
•Toyota 4 Runner–N1m
tundra 2.670,000
tacoma 2.5Million
•Toyota Hiace Bus –N1.5m
•Toyota Highlander-N1.2m
•Toyota Big daddy-800k
Toyota Camry Big Daddy=N550,000.
Toyota Camry Tiny-Light=N400,000.
Toyota Avenza =N950,000. To 1.3 million
Toyota Hilux=N 1.2 million
Toyota Avensis=N450,000.
Toyota Camry Muscle=N 600,000. & Spider=N650,000.
Toyota Avalon=N600,000.
Toyota Rav4 SUV=N850,000.
Toyota Sienna=N600,000.
Toyota 4Runner=N800,000.
Toyota Tundra=N 1.8 Million
Toyota picnic=N450,000.
Toyota Highlander=N1m550,000. to 2m
Toyota Corolla=N500,000.
Toyota Prado=N950,000. To 3.4 million
Toyota LandCruisser=N950,000. to 3m
Toyota Yaris=N750.000.
Toyota Matrix=N550,000.
Toyota Haice Bus=N 950,000 to N 1.3 Million
Toyota Camry 2.4M Tiny-Light ₦850.000
Toyota Camry Big-Daddy ₦950.000
Toyota Camry Muscle ₦1.2M
Toyota Camry Spider ₦1.3M
Toyota Avalon ₦2.2M
Toyota Avensis ₦1.2M
Toyota Corolla ₦950.000
Toyota Yaris ₦1.2M
Toyota Matrix ₦900.000
Toyota Picnic ₦1.1M
Toyota Sienna ₦2.1M
Toyota Venza ₦3.2M
Toyota Rav4 ₦1.1M
Toyota 4Runner ₦1.8M
Toyota Hiace-Bus ₦2.9M
Toyota Highlander ₦2.3M
Toyota Land Cruiser ₦4.6M
Toyota Tundra ₦4.8M
Toyota Prado ₦5.3M
#HONDA
HONDA ACCORD ₦700,000
HONDA PILOT ₦1.2 MILLION
HONDA EOD ₦850,000
HONDA ODYSSEY ₦1MILLION
Honda Baby Boy= ₦780,000
Honda Accord EOD= ₦950,000
Honda City= ₦750,000
Honda Crosstour= ₦1.2M
Honda CR-V= ₦950k
Honda Odyssey= ₦850,000
Honda Pilot= ₦1Million
Honda Pilot=N950,000.
Honda Baby Boy=N500,000.
Honda End of Discussion(EOD)=N550,000.
Honda Accord=N500,000.
Honda CRV=N800,000.
Honda Accord ₦950,000
Honda City ₦850,000
Honda Civic ₦950.000
Honda C-RV ₦1.5M
Honda Crosstour ₦1.2M
Honda Element ₦950.000
Honda Evilspirit ₦1.1M
Honda Odyssey ₦1.2M
Honda Pilot ₦2.3M
*Prices of some Volswagen cars:
Golf 2-250,000
Golf 3-N300,000
Golf4-350,000
Golf 5 -N550,000
Jetta-N350,000
Passat-N450,000
#LEXUS
LEXUS Es300 ₦1.3 MILLION
LEXUS Es330 ₦1.6 MILLION
LEXUS Es350 ₦2 MILLION
LEXUS Rx300 ₦1.7 MILLION
LEXUS Rx330 ₦3 MILLION
LEXUS Rx350 ₦4 MILLION
LEXUS RX400 ₦3.5 MILLION
LEXUS GX460 ₦4 MILLION
LEXUS GX470 ₦5 MILLION
LEXUS ES300@#1.3 MILLION
LEXUS ES330@#1.6 MILLION
LEXUS ES350@#2 MILLION
LEXUS RX300@#1.7 MILLION
LEXUS RX330@#3 MILLION
LEXUS RX350@#4 MILLION
LEXUS RX400@#3.5 MILLION
LEXUS GX460@#4 MILLION
LEXUS GX470@#5 MILLION
Lexus GX460=₦6.6M
Lexus GX470=₦8.4M
Lexus GX570=₦13.8M
Lexus IS-250=₦2.1M
Lexus ES-330=₦1.5M
Lexus ES-350=₦2.6M
Lexus RX300= ₦1.5M
Lexus RX330= ₦2.8M
Lexus RX350= ₦3.2M.
Lexus Rx300=N800,000. To N2.1 Million
Lexus Rx330=N850,000 To N2.2 Million
Lexus Rx350=N900,000 To N3.3 Million
Lexus Rx470=N3.m
Lexus Rx330 ₦2.1M
Lexus Rx350 ₦4.1M
Lexus Rx400 ₦5.4M
Lexus Gx470₦7M
#MERCEDES
MERCEDES C240 ₦1.3 MILLION
MERCEDES C300 ₦1.7 MILLION
MERCEDES ML350 ₦2.8 MILLION
MERCEDES GLK350 ₦3.8 MILLION
MERCEDES GL470 ₦4 Million.etc.
BENZ C-CLASS ₦3,000,000
MERCEDES-BENZ GLA 250 4.6M
MERCEDES-BENZ E-Class ₦3,500,000
MERCEDES-BENZ G-Class ₦4,000,000
MERCEDES-BENZ GLK ₦4,500,000
MERCEDES BENZ ML₦5,000,000
Mercedes-Benz C-Class ₦1.5 million
Mercedes-Benz E-Class ₦1.7 million
Mercedes-Benz G-Class ₦2.5 million
Mercedes-Benz GLK ₦3.5 Million
Mercedes-Benz GLE 350 4.8MILLION
Mercedes Benz ML350 ₦2.3 million
Mercedes Benz g-wagon ₦125 million.
Mercedes-Benz C-Class ₦3.5M
Mercedes-Benz E-Class ₦3.9M
Mercedes-Benz G-Class ₦3.8M
Mercedes-Benz GLK ₦4.6M
Mercedes Benz ML₦5.6M
Nissan pathfinder= ₦1.9M
Nissan Altima= ₦1.820,000
Nissan Armanda= ₦1.2M
Nissan Murano 950,000
Nissan Murano=N850,000. to N 1.2 Million
Nissan Pathinder=N800,000. To N 1 million
Nissan Altima=N800,000.
Nissan Maxima=N600,000.
Nissan Altima ₦1.2M
Nissan Armada ₦2.3M
Nissan Maxima N1M
Nissan Murano ₦1.4M
Nissan Primera ₦900,000
Nissan Pathfinder ₦1.5M
Nissan Maxima= ₦1.600,000.e.t.c.
Range rover vogue 8mill
Range rover sport HSE 4.8m
Land rover 3.3m
Land Rover Discovery ₦4.8M
Land Rover Freelander ₦5.5M
Land Rover Vogue ₦5.2M
Range Rover Sport. ₦5.5M
Acura ZDX 1.550,000
Acura MDX 1.6m
Acura TL ₦1.2M
Acura MDX ₦2.2M
Acura ZDX ₦1.9M
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Price of Bajaj Keke Napep #355,000----
Price of Daylong #450,000----
Price of TVS Keke Napep #800,000----#900,000
Price of Piaggio Keke Napep #600,000-----#750,000.
👉 CONTACT 07O -6875 _-7992
Bags of cement #5,500
Delivery cost is #1,000
EVERY BUYER IS EXPECTED TO PAY FOR THE DOCUMENTS OF THE VEHICLES BEFORE THE DELIVERY WILL COMMENCE!!!!WE DELIVER NATION WIDE NOTICE INSTALLMENTAL PAYMENT IS ALLOWED!!! ONLY INTERESTED BUYERS SHOULD CONTACT: THE OFFICER 07O -6875 _-7992THANKS FOR PATRONIZING WITH US.📞📞〽.〽.〽.〽.〽.〽..〽.〽.〽.〽.〽.〽.〽.〽.〽.〽