In 2011, President Jonathan administration sold our electricity distribution licenses to incompetent companies that have no experience on electricity. When the then Minister of power; Prof. Barth Nnaji advised that it was not a good decision, he was sacked immediately and replaced with Prof Nebo.. This contract of sale of the electricity distribution licenses were made irrevocable but renewable. To this end power became privatised since 2011. When this government came on board, it discovered that the DISCOS were not ready to render services but to reap and recoup their investment capital immediately. The government could not repudiate the contracts because of the irrevocability clause and the doctrine of sanctity of contract. The hands of government became tied. Then the blame is on government because the masses are unaware that power like telecommunications has been privatised. They sold the licenses to their friends and cronies. The DISCOS started disconnecting communities ...
Nigeria was ruled for 16 years by PDP, those 16 years were the years we can use a word commonly used in crude oil market “Oil boom” for Nigeria, Nigeria got a lot of billions of dollars through oil sales, revenues and all other sources of income to the country. But unfortunately with PDP has little to show in terms of nation building considering the huge amount of resources they had at their disposal. Nigeria was looted, money was siphoned thorough sources into the pockets of individuals and politicians. Corruption got so deeply rooted to our systems to the extent significant number of masses believe Nigeria cannot get rid of corruption. For the first time in Since 1999 we have a Government that has pressed a reset button on the whole systems and institutions that drains our resources and the government is carefully and strategically finding ways to find and identify those institutions that drains our resources and shut them one after the other. This Government is the present ...