Energy crisis has never been worse in Nigeria than now. power stations are comatose, the government is reversing itself in all possible directions and no one knows what is going to happen the next minute.
Earlier in the administration of Bola Tinubu of Lagos State, he pioneered the concept of independent power stations but because these depended on gas from NNPC, it was easy for the laudable project to get sabotaged by the Obasanjo lead government. Also, other power stations built by the Federal Government have met tragic fates from gas supplies.
However, hope is around the corner. Recent technological advances in wind powered turbines have made the cost of construction of such wind farms comparable to what it cost to build a similar gas powered station. A recent survey by Business Week magazines puts the cost of a 150MW at roughly $225 million. So it means if the Lagos State Government could raise $675 million, say from the capital market, it would be able to build a 450MW power station to run the state, free from the shackles of NNPC.
The most popular Nigeria website is Nairaland as declared by Alexa, the number 1 website ranking site on the internet. it is the 14th most popular destination for Nigerian web surfers.
Among the media houses, Punch newspaper website, www.punchng.com came first at number 19 easily beating Sun Newspapers (The King of Tabloids) at 30, Thisday Online at 44 and the Guardian at 46. Guaranty Trust Bank lead the banks' website at number 32, Zenith is second at number 38 with no other bank hitting the top 100 list again.
The investing public has been getting served financial information at Cash Craft (36) Nigerian Securities (55) and Proshare (65). Trophies or no trophies, we all love Arsenal (35) more than ManU (40) (Chelsea fans, where are you?)
To read more about the list, visit Alexa Nigeria internet traffic ranking.
In continuation of my analysis of smart organizations, I have since discovered the importance of leadership. The leadership defines the direction the organization goes. Great organizations are known to have great leaders. They define the direction and determine what is important, the culture and the future of their domain.
Until the leadership of an organization knows the benefits of creating an efficient system and work towards it, efforts by the underlings would never amount to anything. Sometimes it is easy to go for strategic meetings (very boring meetings!), create policy documents but until words can be matched with action, nothing comes out of it.
