The Bureau of Public Enterprises (BPE) on Wednesday said
the fixed charge currently borne by electricity consumers would be
dispensed with as soon as power generation becomes economically
sustainable.
The Director General of BPE, Benjamin Dikki, stated this in a press
statement signed by the bureau's Head of Public Communications,
Chigbo Anichebe in Abuja.
In it, the DG appealed to electricity consumers to bear the burden as
it was a temporary measure.
According to him, it is the initial sacrifice consumers had to make
given the huge financial investment made by the new power
investors who are yet to obtain adequate returns on their
investments.
Dikki said it was like what happened at the initial stages of the
reform in the telecoms sector when the cost of the Subscriber
Identity Module (SIM) cards and cell phones was as high as N50 000
per SIM.
He said just like SIM had crashed and sold for almost nothing, with
free air time, electricity fixed charge would also crash.
The BPE boss said government was addressing the non-availability
of electric metres, as the Presidency had approved N33 billion low
interest intervention funds to support the Distribution Companies.
He said that this money would assist them to buy meters and other
electric power accessories.
He pointed out that Nigeria required three million meters yearly.
Dikki also said that the reforms undertaken by the privatisation
agency had impacted positively on the Nigerian economy.
He added that the bureau intended to focus attention on the
transport sector in the next phase of the reforms as it contributes
about 30 per cent to the cost of doing business in Nigeria

http://m.news24.com/nigeria/National/News/Government-to-cancel-fixed-electricity-charge-20140821

I didn't read past the first paragraph. I guess its a very looooooong wait.

Gboliwe: I didn't read past the first paragraph. I guess its a very looooooong wait.

if you could take the time to read it up to the 2nd paragraph, you would realise it won't be long as supposed.
Like 20years time sha!

I opened this thread with scepticism and, boy, was i disappointed?
GEJ's administration never implements policies to benefit the people. NEVER!

Time is indefinite; its not even the fixed charges that is the problem; the tariff is outrageous!

And why is the FG proposing to pump in N33bil into a sector it privatized? If those private companies can't even fund their activities, why did they put in bid for acquisition?


#mtchewww#

We will wait.
We are use to waiting.
We have been waiting since the days of tafawa balewa.

so we are left with no other option but to endure the outrageous bills till only God knows wen....So unfortunate.

Tolexander: if you could take the time to read it up to the 2nd paragraph, you would realise it won't be long as supposed.
Like 20years time sha!

Lol. After the first paragraph, I knew it wouldn't make any more sense to me.

MaziOmenuko: Time is indefinite; its not even the fixed charges that is the problem; the tariff is outrageous!

And why is the FG proposing to pump in N33bil into a sector it privatized? If those private companies can't even fund their activities, why did they put in bid for acquisition?


#mtchewww#

Not that i support it, but sometimes it is necessary. Remember the Americans bailing out their automobile companies during the economic depression? just to make sure the companies survive and more of its citizens are not laid off. Guess it is the same concern here