WILL IMPROVED POWER SUPPLY LAST?

Monday

I received a response to my diary entry last week about the remote possibility of an earthquake in far away Indonesia possibly being responsible for the ocean surge that swept over Kuramo beach recently, from a gentleman who wished to point out to me that Indonesia was not near Nigeria! He seemed to have unfortunately missed the point I was trying to make and that was that disturbances in the earth movement in any part of the world, can cause aftershocks and tidal movements called seismic waves in places far away from the country of its origin. This is a proven phenomenon, and can be checked out for further for proof.

Tuesday

When are we going to get our power provision right? Just as we had started rejoicing about the slightly improved power output and having the “audacity of hope” that we were now emerging out of the dark ages, the Nigerian Electricity regulatory Commission(NERC), has informed us that the increased electricity  output will drop by 300mw after the rainy season!? This is after the Minister for Power had advised Nigerians that we will see a more than doubling of power output to 5000mw by the end of this year! Who do we now believe?

I have postulated over and over again that there is too much at stake in the provision or should I say “non provision” of power. Even the invitation of private companies to take over the running of power generation is not clear. As I write this article, it has just been announced that the Minister for Power, has unexpectedly resigned for compromising his position in the selection of private companies!

Wednesday

A lot of serviced estates have been taking a well deserved rest from their over reliance on generators, as power supply seems to have improved. Diesel prices have dropped and therefore there will be some relief to the pockets of residents who have been groaning under the repeated requests from service providers for more money to fuel the generators, for residents comfort

Thursday

I was invited to visit a small development of eight terrace homes in Lekki1. I was looking forward to seeing the finished product as the construction had started about 4 years ago, but due to financial and other constraints including an incompetent project engineer, the project stalled and was halted for a while.

It has been finished to a good standard, with four ensuite bedrooms. It is serviced and benefits from 24hours power supply private parking, boys quarters, and is being rented out for N3,5m per year. Developing is certainly not a job for the faint hearted.

Friday

The price of land along the Lekki Expressway axis is increasing at a fast rate. A standard plot of land between Lekki1 up to the Elegushi area, is sold for between 25-60m depending of course on the exact area. Whereas five years ago, you could buy a plot of land in the chevron area for 5-10m, this now commands a price of 25-50m.

Even the Free Tade Zone is not left out. You could previously buy land there for 500k, but land owners have wisened up to this fact and are now asking about 4m per plot. Land in these areas needs extra sand filling to build on, as most is reclaimed land. We are bound to see further increases in the near future

 

Until next week!