philip0906:

Easy man...Generating 20,000 megawatts is by 2025 is not rocket science for any serious and sane country. Look at the Chinese model.
The problem is the "Who"?. Atiku? Hell no. He's a criminal. He was once the Vice President of this same country where billions of $ were spent on this same illusive electricity generation.

Nigeria is not China. The Chinese government has complete and utter control over it's territories and people. It can order the relocation of 20 million people at a go and the order will be obeyed. It can clear forests, level mountains and redirect rivers. The PLA is there to enforce decisions and the communist party is united.
Nigeria has no army to speak of, law enforcement is close to zero.
Nigerian government cannot even build a road without paying for ancestral graveyards.

10,000 mw in addition to what we have would have been more believable.
To reduce recurrent expenditure to 35% Atiku will need to retrench 300,000 to 400,000 federal government workers.
Selling NNPC is a political landmine. Selling all refineries leaves government without strategic capacity to deploy on case of crisis and is unachievable in any case. Obj tried it and failed.

I support Atiku but this document has issues.

blacknp:
No one is arguing but the National Assembly that represents you is of a contrary view,so what does that mean?rhetoric talk by blabbers you Nigerians are not ready to sell or change anything.

President Atiku knows how to engage the national assembly in aa democratic buy in, into the policy of privatization. He is a man ready to walk the talk.

rottennaija:


To generate 200000mw of electricity, you will need good power generation stations in Nigeria, the size of mambilla Hydro power, which is about 3000mw, the largest dam in Nigeria so far. And you will need about 5 of them.

To construct each dam takes like 6years, that is if they are constructed simultaneously. Of course, the funds needs to be there.

This is 2019. Anyone who promises 200000mw of electricity by 2025 is not being honest.

We already have generating capacity of 5,000 MW as at 2015. The electricity sector has been liberalized. It is not all up to the government to invest every last dollar on generating power.

So we have to add 15,000 MW by 2025. Say the government commits to 5,000 MW, requiring $5-10b (5000 because the government has existing commitments); and the private sector commits to 10,000MW; it is achievable. Since 2015, most of the ongoing infrastructure in the power sector are NIPP and TCN projects already conceived in the electricity road map.

Virtually all the private sector projects have been stalled because of irresponsible policies, case in point the multiple currency windows and restrictions that made foreign exchange rocket science. We've been waiting for 3 years for metering to be addressed so as to clear up the NBET trading nightmare. For example, Geometric 1000+ MW plant in Aba was supposed to come online in 2017.

When PHCN was privatized in 2013, the objective was to get much-needed private investment to spearhead infrastructural development in the sector because government has way too much on its plate. The Buhari administration with its critical stance from day 1 has done nothing to further that objective even though we run a N3t+ budget deficit.

So when Atiku says the milestone is for 20,000 MW in 2025, he isn't solely referring to government spending but private sector led spending. Because we all know the corruption, ineffectiveness, and unproductiveness of politicians and civil servants will not let that come to fruition--like the refineries.

The roughly $5b for the 3000MW Mambilla power plant is better spent on the government owned TCN transmission projects that's proving to be a bottleneck in the power system. Funny enough, in 2017, this same government started considering selling the TCN.

-Lord

tuniski:

What tax Are you paying and how many jobs have You created?

You should have asked atiku’s campaign office how he was able to swindle the Federal Inland Revenue Service,a so called billionaire paid 60 million Naira in taxes in 3 years,bloody lies, go and ask elumelu & Otedola to show you a real billionaire’s tax returns,how many workers does he really have?,he should name one of his companies on any stock exchange in the world,Bloody Smuggler.

Atiku first agenda is to sell 90% of nnpc. Nigerians can you all see that I atiku have not positive plan for we nigerian. Every time all atiku talk about is how to sell Nigerian assets to him self. We sit don they watch

Nevee:

My argument of making the poor poorer refers to some people’s argument to increase taxes.
Truth is, your tax cut cannot be effective when you don’t have a comprehensive tax system. 40 million taxable incomes not being under your tax net means whether you give a tax cut or not, those ones have been on a self-granted tax holiday. So your tax policies do not even affect them in the first place. Capture all taxable incomes first before going ahead with a tax cut and that’s how everyone can benefit and feel the impact of such policies.

Two, fixing the power sector is even more beneficial to businesses than any tax cut. Cardbury did not move it’s plant out of Nigeria because it was paying too much taxes but because of power supply.

Three, in a system where you have enormous leakages like ours, whatever policies you pursue wouldn’t mean much. Cut taxes and the little you collect would still be embezzled.

Capturing our taxable data and reducing does not necessarily have to mutually exclusive.

Of course, you have to capture the entire taxable network to know who and who is enjoying it. It is common sense.

Improving power supply and reducing taxes is also not mutually exclusive.
Both of them would create their own positive impact on the economy.

China has a good power supply, and low tax regime.
It is no wonder why business are leaving America to go there.
Trumps want to bring those businesses back by doing the same thing - reducing taxes significantly.

The most paramount question is will atiku be able to get enough money for investment in federal infrastructure like electricity and roads, while taxes are been reduced.
If the answer is yes, then it is a good policy.

just,write,anything sweet and nice just like,what APC did.. we,will vote you in that's politics...remove this refinery issue I know it well receive a lot of criticism from even APC govt.....But I feel atiku is being sincere and real not like what APC promised Nigerians failed came back to Blame PDP....

ComeAndobo:
Atiku please stop justifying that stupid statement that you want to sell NNPC. Selling NNPC is synonymous to selling Nigeria.

have u heard of Saudi Aramcom?

blacknp:
You should have asked atiku’s campaign office how he was able to swindle the Federal Inland Revenue Service,a so called billionaire paid 60 million Naira in taxes in 3 years,bloody lies, go and ask elumelu & Otedola to show you a real billionaire’s tax returns,how many workers does he really have?,he should name one of his companies on any stock exchange in the world,Bloody Smuggler.

Ask for his company income tax that is different from the personal income tax cert He presented.

henchamb:
What's the proposal for job creation
Restructuring is nowhere to be found after prof burst the empty restructuring mantra.
I think we need buhari to continue. The entrepreneural drive of this administration is worth it.
Most guys now have corporate accounts as a result of cheap and easy CAC registration. Easier to access loans and consular services (if you know)
Kudos to pmb, his investment in security worked hence it's not in Atiku's agenda.

restructuring is not for the presidency alone...it is a battle that all concern must agitate for

abnot:


Some companies are in a bad shape and may not do well after an acquisition. A good number of the privatised companies are doing well. How does the present state of NNPC profit you as an individual ? The present southern sun hotel use to be a government owned hotel but was privatised and is in a much better state. Oando and forte oil were also privatised government owned enterprises. NNPC of today is not working and not profitable . A working NNPC should be able to compete with aramco, Agip , Total , BP and many more . It’s up to you if you like things the way they are but I can assure you that Nigeria is lagging behind in so many areas and the earlier we do away with strategies that are not working the better . Nigeria is too complex as a country with enormous challenges far beyond the mental capabilities of Buhari and I’d wish that the best candidate wins irrespective of the candidate’s party

Interesting indeed.
Please how did you measure the positive growth of the companies already privatized to get that conclusion?
Just because a man has pot belly, drives a rolls royce, lives in a 4 storey building means all is okay about him.

tuniski:

President Atiku knows how to engage the national assembly in aa democratic buy in, into the policy of privatization. He is a man ready to walk the talk.

You can’t look at your self as a slave and enjoy the benefits of a master,free your mind from mental bondage. A man can’t give what he does not have.

EazyMoh:
"Atiku is coming to make Nigeria paradise for thieves!" - Sowore 2018.
What's more paradise than buying oil and gas assets at ridiculous prices?

The refinery are they functioning? If no, what sense does it make to keep it and spend billions of dollars maintaining something that is still not functioning

tuniski:

Ask for his company income tax that is different from the personal income tax cert He presented.

Ok his personal income tax is based on what?his company’s income or his pension?

Nevee:

[s]Okay . But not as empty as your own head or that of the old rogues of Buhari or Atiku that you support. Olodo wey no fit read 3 paragraphs wan know why power sector no dey work. And I’m sure you don’t even have a PVC yet since you’re under 18. I really shouldn’t be replying you. Not anymore.

You are hereby ignored! [/s]

B*stard!

Don't stop typing nonsense. Continue!

You think I'd roll in mud with a pig. Address issues or STFU! It's no surprise that you decided to STFU. Dunce propagandist.

-Lord

You have a sound intelligence. I doff my hat for you. Kudos!!!

quote author=henchamb post=73074942]What's the proposal for job creation
Restructuring is nowhere to be found after prof burst the empty restructuring mantra.
I think we need buhari to continue. The entrepreneural drive of this administration is worth it.
Most guys now have corporate accounts as a result of cheap and easy CAC registration. Easier to access loans and consular services (if you know)
Kudos to pmb, his investment in security worked hence it's not in Atiku's agenda. [/quote]

loswhite:
The refinery are they functioning? If no, what sense does it make to keep it and spend billions of dollars maintaining something that is still not functioning

Ask the senate your representatives,or who are you blaming?They should pass the PIB bill in it’s entirety for consent by the President.

blacknp:
You can’t look at your self as a slave and enjoy the benefits of a master,free your mind from mental bondage. A man can’t give what he does not have.

Economic slaves Are believers in socialism not pro-capitalism you hear!

Thats why Evven in their Hardship/poverty,they Chant sai baba.

somehow:
He was not figurehead when he was made the chairman of the committee that sold other assets?

That was a task delegated to him by OBJ. Same way GEJ delegated the task of privatizing PHCN to Sambo. Both were figureheads.

-Lord

blacknp:
Ok his personal income tax is based on what?his company’s income or his pension?

Personal income tax are net of all taxable income That must have been taxed under company income purview to avoid. Incidence of Double Taxation.

The company must have Paid billions in CIT over the same period.

philip0906:

Easy man...Generating 20,000 megawatts by 2025 is not rocket science for any serious and sane country. Look at the Chinese model.
The problem is the "Who"?. Atiku? Hell no. He's a criminal. He was once the Vice President of this same country where billions of $ were spent on this same illusive electricity generation. Sane people won't buy these "empty" promises.
The problem is these crop of politicians can't and won't lead us to the eldorado.

Don't talk about the Chinese model. China does not have the bureaucratic, financial, and efficiency constraints we have.

Electricity generation is no longer a government-only affair. PDP governments saw the waste and inefficiency of using government money for projects and decided to liberalize the sector. His promise is not empty as it relies on private-sector led investment.

-Lord

tuniski:

Economic slaves Are believers in socialism not pro-capitalism you hear!

Thats why Evven in their Hardship/poverty,they Chant sai baba.

Socialism you keep brandishing words as if you know anything?tell me the ideological differences between the manifestos of pdp and APC which atiku was a member of until a few months ago?

[quote author=henchamb post=73074942]What's the proposal for job creation
Restructuring is nowhere to be found after prof burst the empty restructuring mantra.
I think we need buhari to continue. The entrepreneural drive of this administration is worth it.
Most guys now have corporate accounts as a result of cheap and easy CAC registration. Easier to access loans and consular services (if you know)
Kudos to pmb, his investment in security worked hence it's not in Atiku's agenda. [/quote ]

bilulu:

how about Saudi Arabia who is about towing dat line? is NNPC not only there for fraud? just to serve the interest of d masses? compare Wen it was just NITEL n now Wen u ve MTN n d rest.... let's ask more logical questions instead of floating. I believe he's d only candidate with a clear cut road map not d type dat will tell u I'll tarr all ur roads, do dis n do dat without clear cut agenda

That is not a vision but a template scam pattern, over the time he has being contesting he never used this line.

tuniski:

Economic slaves Are believers in socialism not pro-capitalism you hear!

Thats why Evven in their Hardship/poverty,they Chant sai baba.

what of china that practices a severe form of socialism called communism,are they also slaves?

I believe in 1949 the communist party of China drove those pro capitalist to the island of Taiwan?

A lazy man will always find an excuse.

loswhite:
The refinery are they functioning? If no, what sense does it make to keep it and spend billions of dollars maintaining something that is still not functioning

Atiku as VP for 8 years did not bring in any business into Nigeria.
Atiku did not get foreign partners to come build refineries or invest in the oil and gas sector.

All he did and interested in is to buy off Nigerian companies at way unreasonable prices through cronies and proxies and share the spoils.
If his first agenda towards selling NNPC if elected then it shows he lacks any sound economic policy to grow Nigeria.
I think he belongs to the sets of Nigerians who would rather prefer to bleed Nigeria dry rather than to give her.

DEGABA:
You are right but remember that we hv only two political party and those other parties are just there for the numbers. Even if we hv a better candidate from other parties, how are they going to get the votes. Even if the get massive votes they will still be rigged out.
Cabals are the one controlling this country and those cabals are in the same APC and PDP.

yes but remember the voice of the people is the voice of God. Let us try just this once and rally behind a different candidate/ party. let us be able to point out to our children when they ask us why we did not try that we did try. it is said you can never know an outcome unless you try. Honestly I am having sleepless night because of the way this country will be if either buhari retains power (he might just borrow us into servitude) or atiku wins(we might just become his slaves and everything Nigeria owns might just be sold). I just want a genuine change,I want to be able to tell my conscience that I tried.
let me tell you something funny, I have been canvassing for people to drain the swamp/ clear the rubbish heap but people will tell me to give other candidates a rest, why? they say atiku has money to share and that buhari might also use government money for sharing. IMAGINE that, Nigerians selling their future for filthy lucre. Money that will not last them for a year. Money that they cannot invest, Money that cannot give them adequate health care or qualitative education that cannot fuel their generator for a year.

RTSC:

Capturing our taxable data and reducing does not necessarily have to mutually exclusive.

Of course, you have to capture the entire taxable network to know who and who is enjoying it. It is common sense.

Improving power supply and reducing taxes is also not mutually exclusive.
Both of them would create their own positive impact on the economy.

China has a good power supply, and low tax regime.
It is no wonder why business are leaving America to go there.
Trumps want to bring those businesses back by doing the same thing - reducing taxes significantly.

The most paramount question is will atiku be able to get enough money for investment in federal infrastructure like electricity and roads, while taxes are been reduced.
If the answer is yes, then it is a good policy.

The latter part of your comment sums it up. The answer cannot be yes when over 70% of government expenditure is recurrent and capital projects struggle for the paltry 30%. When your senators snd governors still earn fat for virtually doing nothing. Let’s look at the case of Ganduje receiving kick backs, where does the incidence of such bribes really fall? Still on the tax payers because when the contractor comes up with the estimated cost of executing a project, he adds a margin which is the governor’s bribe, presents the budget to the governor and the governor approves that money be taking from tax payers’ sweat to pay for such projects. China and US can afford to all you said because they have achieved an appreciable level of stability. Available infrastructure, no leakages and so on. All these are not present in Nigeria.

And you say improving power sector and reducing taxes are not mutually exclusive? Lol! An estimated 900 billion dollars is needed to fix the power sector in 30 years. Pls where will that money come from? From the oil that you have overdepended on with it’s price ever fluctuating? Or borrow from China so that they can recolonize us as they are doing to Zambia and other African countries now?

LordAdam16:


Don't talk about the Chinese model. China does not have the bureaucratic, financial, and efficiency constraints we have.

Electricity generation is no longer a government-only affair. PDP governments saw the waste and inefficiency of using government money for projects and decided to liberalize the sector. His promise is not empty as it relies on private-sector led investment.

-Lord

Can you explain how the liberalization of the various sector has added to the growth of the Nigerian economy?

Figurehead that stopped his boss from seeking 3rd term? figurehead that sold some of the assets to himself? you must think you're talking to fools.

LordAdam16:


That was a task delegated to him by OBJ. Same way GEJ delegated the task of privatizing PHCN to Sambo. Both were figureheads.

-Lord

Bundaweber:
hmmn funny guy. he plans to reduce recurrent expenditure(which is largely salary?), sell Nnpc and generate 25,000 mW . all typical political promise. still don't know what Nigerians see in either APC or PDP. there are other persons contesting who have a better clarity on the issues bedeviling this nation and have a better vision for this country. WHY CAN'T WE DRAIN THE SWAMP? WHY DO WE PERPETUATE THE SAME RECYCLED SHIT EVERY YEAR AS POLITICAL LEADERS ? WHY CAN'T WE TRY SOMETHING NEW. DO YOU REALLY THINK ATIKU IS GOING TO CHANGE NIGERIA FOR THE BETTER? HE HAS BEEN PART OF THE RULING ELITE SINCE 99. THE COUNTRY SITUATION IS GOING TO STILL BE THE SAME. LET US CHANGE THE NARRATIVE BY ELECTING NEW LEADERS WHO HAVE NEVER BEEN IN THE CORRIDORS OF POWER.

Don't give yourself headache, Nigerians r they worst kind of people I have seen so far. We r sentimental. We vote base on religion, tribal n ethnicity. So, forget about this country.

This man is seriously eyeing nnpc o