Rather than increase tariffs and forcefully raise funds from the common man, why dont the Discos just go the stock market to raise funds?

Or is it a crime ni?

Uncle Ben Bruce, mbok talk to these guys na?

What does going to the stock market entail and how will they get funds?

davidmark4naija:
Rather than increase tariffs and forcefully raise funds from the common man, why dont the Discos just go the stock market to raise funds?

Or is it a crime ni?

Uncle Ben Bruce, mbok talk to these guys na?

Lol you want our Old Generals who owns these Discos to share ownership with you?

How's Okpokpowuru make him come buy us wine

Those bastards? Why would they, when easy money dey town to extort from hapless Nigerians....

[b]The efforts of Nigerian government to recover the looted fund without the full supports of Nigerian would not make the task easy for the government, to recover the looted fund, we are hearing that the looters will fight back the nation and they were doing so without hide! it's samefull to this nation that a few elements with their evil acts and their colaborators hold down the 170 million nigerian in sufferance at the watch of themselves without any reactions isn't this a shame to the nation? If $1 trillion is unaccounted for and we are looking elsewhere for an angel to come and fix our economy for us without taken the looters responsible, it's a shame to this nation, if we still depend on the aid of western world , Usa, Asia gulf state for our own survival while harbouring the looters who looted us to bone without challenge, then it's a shame to the nation! if the Europian looted their treasory can they have the money to fix their economy talkless of helping others. if a party which formed for the service of the people openly support and protected the looters it is a shame, enough is enough for the office holders and publics sevants who looting nigeria treasory. NLFRC is now at watch of you looters and a drastic action will be taken against any looters!
here is some of the action taken so far:
Letter to the UN
Letter to the EU
Letter to the world bank and monetary institutions
Letter to the AU
Letter to the ECOWAS
Letter to the nations: Swis, Gb, Usa, Germany, Asian nation, Gulf states etc
we let's these international communities known that we need their full support on how to help nigerian government recover every kobo looted in nigeia and placed in their countries, no more hide out for the looters any longer, they either return the looted fund at their disposure or return it, no other options, they may try to play god or take is as joke all for their peril!

JOIN NLFRC Crusade to save nigeria nation!
NLFRC: Nigeria Looted Fund Reserve Recovered Crusade.
GOD BLESS NIGERIA....AMEN

co-ordinator oyinkinola[/b]

I am so ashamed and disappoint in Fashola that he so give in to these disco rubbers and thieve. Are no business people. Did they not considered the cost before buying. Oh the tot nigerians are helpless and defendless people to be treated like slaves. They should provide prepaid metre before any increase. The discos are the Nigerian demons. Their symbol is darkness and their weapon is higher terffy in darkness. God will judge their generation now and the unborn. Their wealth will fail them in their calaminties.

Good idea but the tarrif will sure be increased either now or later. Fashola should think outta da box.

Who told u there $1trillion loot anywhere..
dont be deceived by tht assertion coz the ppl tht looted nigeria are all our past presidents & their cronies,both locally & internationally..
but those monies cannot be recovered as long as those presidents are still alive

At OP, will you buy their shares so that they can do unprofitable business with and return nothing to you. In short, they will use your money to give Nigerians electricity without any return.

We have a lot of problems in Nigeria and the earlier we realise it, the better it will be for us. The era of govt controlled utility is over.

Regards.

Achuwa1:
Who told u there $1trillion loot anywhere..
dont be deceived by tht assertion coz the ppl tht looted nigeria are all our past presidents & their cronies,both locally & internationally..
but those monies cannot be recovered as long as those presidents are still alive

[b]The efforts of Nigerian government to recover the looted fund without the full supports of Nigerian would not make the task easy for the government, to recover the looted fund, we are hearing that the looters will fight back the nation and they were doing so without hide! it's samefull to this nation that a few elements with their evil acts and their colaborators hold down the 170 million nigerian in sufferance at the watch of themselves without any reactions isn't this a shame to the nation? If $1 trillion is unaccounted for and we are looking elsewhere for an angel to come and fix our economy for us without taken the looters responsible, it's a shame to this nation, if we still depend on the aid of western world , Usa, Asia gulf state for our own survival while harbouring the looters who looted us to bone without challenge, then it's a shame to the nation! if the Europian looted their treasory can they have the money to fix their economy talkless of helping others. if a party which formed for the service of the people openly support and protected the looters it is a shame, enough is enough for the office holders and publics sevants who looting nigeria treasory. NLFRC is now at watch of you looters and a drastic action will be taken against any looters!
here is some of the action taken so far:
Letter to the UN
Letter to the EU
Letter to the world bank and monetary institutions
Letter to the AU
Letter to the ECOWAS
Letter to the nations: Swis, Gb, Usa, Germany, Asian nation, Gulf states etc
we let's these international communities known that we need their full support on how to help nigerian government recover every kobo looted in nigeia and placed in their countries, no more hide out for the looters any longer, they either return the looted fund at their disposure or return it, no other options, they may try to play god or take is as joke all for their peril!

JOIN NLFRC Crusade to save nigeria nation!
NLFRC: Nigeria Looted Fund Reserve Recovered Crusade.
GOD BLESS NIGERIA....AMEN

co-ordinator oyinkinola[/b]

davidmark4naija:
Rather than increase tariffs and forcefully raise funds from the common man, why dont the Discos just go the stock market to raise funds?

Or is it a crime ni?

Uncle Ben Bruce, mbok talk to these guys na?

Nobody will buy the shares of a company that loses money.

AZeD1:

Nobody will buy the shares of a company that loses money.

Power business is good business. Coupled with Nigerian population, dat makes it an even much beta business.

davidmark4naija:


Power business is good business. Coupled with Nigerian population, dat makes it an even much beta business.

Power is capital intensive with small margins.

AZeD1:

Power is capital intensive with small margins.

But its a long term investment na.

Imagine 20 million Nigerians paying 2,000 naira monthly. Dats 2 billion naira monthly turn over. And for the total population of Nigeria accessible to power, say over 120 million, how is a business with a potential of over 240 billion monthly turnover not profitable?

Capital intensive and unprofitable are not synonyms. Cement and tyre production are both capital intensive, but are they profitable? Do they sell their shares in the stock market?

A lot of Nigerians can do without cement and tyre in a month. How many Nigerians can do without power in a month?

And what exactly do you mean by small margins?

davidmark4naija:


But its a long term investment na.

Imagine 20 million Nigerians paying 2,000 naira monthly. Dats 2 billion naira monthly turn over. And for the total population of Nigeria accessible to power, say over 120 million, how is a business with a potential of over 240 billion monthly turnover not profitable?

Capital intensive and unprofitable are not synonyms. Cement and tyre production are both capital intensive, but are they profitable? Do they sell their shares in the stock market?

A lot of Nigerians can do without cement and tyre in a month. How many Nigerians can do without power in a month?

And what exactly do you mean by small margins?

You need to remember there are lots of moving parts in power.

AZeD1:

You need to remember there are lots of moving parts in power.

Bros abeg which one be "moving parts" again, and how does dat affect the profitability of the business?

davidmark4naija:


Bros abeg which one be "moving parts" again, and how does dat affect the profitability of the business?

There's the generating part, the transmission part, the distribution part, the gas companies, there's very expensive equipment you can't buy off the shelf. Then there's maintenance of power lines and all that.


Dude power is not child's play

The truth is that those that bought the discos know absolutely nothing about the business. They thought by investing their stolen billions in power business will help secure their stake.
Power business is capital insensive anywhere in the world and its gestation period can be long. It is not import and export business. It require large capital investment,expertise risk, and lots of patience.
They better turn to the market instead of looking for more govt bailout funds or the poor mans hard earned kobo. BRF better tell them the truth. No free money anywhere. If u tire, abeg handover the business to someone else.

AZeD1:

There's the generating part, the transmission part, the distribution part, the gas companies, there's very expensive equipment you can't buy off the shelf. Then there's maintenance of power lines and all that.


Dude power is not child's play

Dude! Am talking about the distribution company hia na. Na wa for you oh.

Every sane person knows that power is not child's play. So is dat why they shd not go to the stock market? Becos power is not child's play? Other companies dat have dia power company sell shares in their country are they fools?

Na wa oh!

na so