Browsing: Michael Owhoko

I was close to tears during my recent visit where I toured the length and breadth of Warri, covering Deco Road, Okumagba Avenue,  Okere Road, McCiver,  Odion Road, Market Road, Cemetery Road, Iyara, McDermott Road, Warri-Sapele Road, Upper and Lower Erejuwa, Ajamogha, Esisi, and Warri Port.  I stayed for over two months, the longest since my relocation to Lagos in 1984.  

Unfortunately, after 12 years of practical operations, these private investors have turned out to be technically incompetent with severe illiquidity challenges that weaken their capacity to perform, demonstrate competence, and deliver electricity satisfactorily to customers in line with policy and public expectations.  Worse still, nothing suggestive that the DISCOs can improve in performance and efficiency, translating into a burden for Nigerians, in the absence of government’s interference.

Where is the map of Biafra? This is the question I have often asked the promoters and sympathizers of the Biafra cause, and up till this moment, their responses have been feeble, vague, evasive and suspicious, failing to provide specific drawing showing a clearly defined territorial area called Biafra.

The Central Bank of Nigeria Governor, Godwin Emefiele, has been advised to conduct stress tests on the Nigerian banks more regularly to determine the true health status and capital adequacy of these banks to withstand potential adverse effects and challenges in a dynamic and vulnerable economy like Nigeria aimed at protecting depositors’ funds and other investors’ interests.