Cromcruach91:
Before we grumble...consider a few facts

1.When we privatised electricity distribution and generation, the price increase was written into the law that governs the thing.

2.We need anything between $300-900billion to get light 24/7.

3.Privatization means that you pay more from your pocket.

4.We have to pay our bills...and let's be frank...we pay bills lower than countries like Ghana...who pay twice as much as we do.

5.Electricity is not a free lunch.

Although I am in agreement with the principle your post promotes, I must correct your figures.

Following the estimated Texas bid quotations, it costs about US$400million to build a 1,000MW gas-fired thermal power plants (i.e. the type we have in Egbin, Lagos State).

If we want to replicate multiple Egbin type plants using converted LNG from the Niger Delta to generate up to 100,000MW of electricity, the estimated cost will be about US$40billion only. Let us even add freight costs, expat costs, costs due to contract slicing/enhancements (typical around here), US$60Billion should do it. Notice that this is not anywhere near your quoted figures.

Nevertheless, US$60billion is not chicken change and today's Nigeria does not have such finances. It is not beyond our capacity thou, to finance this project with a combination of public funds, private equity, FDI and domestic debt. However, this will require a certain level of good ratings, commitment, doggedness and sincerity of purpose which is currently non-existent in Nigeria.

Bottomline, Nigeria is not a serious nation and Nigerians are not yet a serious people enough to achieve this feat.

We will not have 100,000MW electricity production in 2030!

You do know its not the entire parastatal that was privatized.we have generation & distribution.We never had power for 4 months not even for 2 minutes but the bill came and i am to pay 12 thousand for the 4 months.so tell me,what am i paying for?complained at their office and was told the transformer was metered.whatever that means.

Cromcruach91:


Power has been in private hands since 2014....and it is run by DISCOS and GENCOS...not by the govt.

Cromcruach91:
Before we grumble...consider a few facts

1.When we privatised electricity distribution and generation, the price increase was written into the law that governs the thing.

2.We need anything between $300-900billion to get light 24/7.

3.Privatization means that you pay more from your pocket.

4.We have to pay our bills...and let's be frank...we pay bills lower than countries like Ghana...who pay twice as much as we do.

5.Electricity is not a free lunch.

What's this one saying?.... At what rate was it concessioned?...pee nut, right?

Is GSM owned by Nigerian government. Wrong example bro.

Cromcruach91:


GSM!

Prices were sky high back in 2002....and service was bad.

The money earned from the sky high prices was used to pay for improvements to the infrastructure which meant better services...and eventually prices came down.

Scam or not...we need money to fix power in this country...and since it has been privatized...we are paying for the pleasure.

Sai baba till 2079!

Una never see anything

Thoniameek:


And this explains why I should pay for something I’m not getting?

In 2002...we paid 10000-20000 for sim cards...and got bad service, high costs, etc.

Them money was used to improve things.

Same for eelctricity

We need $300billion for the thing to improve/ for light to be 24 hours a day, seven days a week.. Our foreign reserve is $40bn. So...who is going to pay? It is us...or we beg IMF. Comprende?

McCobble:
I guess from the one you and I have been paying them for ages with little or no service rendered.

and how much have you been paying. Check the revenue of discos and Gencos and compare with how much we need for stable light.

Femmedy:
Is GSM owned by Nigerian government. Wrong example bro.

DISCOS and GENCOS are not owned by government either...so good example.

The APC government has turned this country to capitalist county.

Cromcruach91:


But govt does not run power.

DISCOS and GENCOS have been in charge since 2014...and they are all PRIVATE companies.

Who are those running these private companies?
They just hand it over to their brothers and kinsmen. Electricity was more stable under government than it is now. This private companies are nt contributing any fucking thing for the improvement of electricity... They are just interested in collecting monies. While some under pay, and some don't pay at all, especially in the north, if i see electricity 24/7 den we can talk bizz because i know how much am spending on petrol monthly

It's not vision 2020 again,now na vision 2030....evil thieves lying without fear just to ex tort the innocents.....Naijacracy,cux obviously this aint democracy

Cromcruach91:
Before we grumble...consider a few facts

1.When we privatised electricity distribution and generation, the price increase was written into the law that governs the thing.

2.We need anything between $300-900billion to get light 24/7.

3.Privatization means that you pay more from your pocket.

4.We have to pay our bills...and let's be frank...we pay bills lower than countries like Ghana...who pay twice as much as we do.

5.Electricity is not a free lunch.

Are you for real? So bloody what if the increases were written into contracts signed during privatisation? Can't contracts be re-negotiated, and laws repealed? Does that law give the DISCOs a right to use such increases to extort the masses?

You pay bills lower than Ghana. Do you get the same amount of electricity supply that residents of Ghana get, every day? Do you earn the same kind of wages?

Guy, please do not let me insult you. Electricity bills were increased less than 24 months ago under the MYTO Tarriff plan. Electricity supply hardly improved. Now, they are trying to invoke another increase. May thunder fire them all, over there!

Cromcruach91:
In 2002...we paid 10000-20000 for sim cards...and got bad service, high costs, etc.

Them money was used to improve things.

Same for eelctricity

We need $300billion for the thing to improve/ for light to be 24 hours a day, seven days a week.. Our foreign reserve is $40bn. So...who is going to pay? It is us...or we beg IMF. Comprende?

You are talking as if you are from outer space, and NOT a Nigerian. When SIM cards were 10,000 naira at the inception of GSM Services in Nigeria, how many people had a mobile phone? When the prices dropped, how many people were then able to get a phone?

The same GSM companies that claimed per second billing was impossible at that time, suddenly changed their minds and started singing a new song, when Globacom entered the market and started charging subscribers on a per second platform. They quickly converted to per second billing, too!

How can you even compare the telecoms sector with the electricity supply sector? Are the variables, dynamics and the context the same? The electricity sector is a monopoly held in the grips of a cabal. Oga, you are wicked, o! No individual, company or state can ever tax its' way into prosperity.....

bobochem:
The APC government has turned this country to capitalist county.

what should it be? socialist?

Na socialism make dis country be like this. Tell me, what correlation does oil prices have with ability to pay university staff.

ultron12345:
and how much have you been paying. Check the revenue of discos and Gencos and compare with how much we need for stable light.

kindly go thru my 1st post, maybe you will understand where I am coming from, be like say this heat no allao u comprehend wella.

Cromcruach91:


So, where do we get the money to fix things?

Keep in mind that I hate the increase myself....but I see no other way to get the money other than increases.

We have to be realistic.

Or do you have at least $300billion ? That is what we need at least to fix things up. Our forex reserve is $40billion now.

Like I said before, you a foolish slave.you know nothing about this country, the greedy of the past and present criminals and the amount stolen here daily.
So if you are defending these people its either you are a slave or a fool...

DynasTee:


lol

What you expect an average Nigeria to say

Na their way...always making silly noise online

By Nigeria, they mean east, west and south cos in the north they are still paying as meagre as 150naira per month....

Before you type always do your findings. When they claimed to have privatized the power sectors and the better part of it was sold to the croonies of those in power as at that time. Do you still called that full privatization It"s all scam bro. We are even paying more for what we don"t use (electricity). We had no light for almost 3 months and we pay higher for that period than when power was available a little. Anything goes in Naija. Jx make the little change you can around you

Cromcruach91:


DISCOS and GENCOS are not owned by government either...so good example.

Give every consumer a prepaid billing meter if you are really ready and stop giving consumers estimated bills.
Then provide adequate supply

We are paying more already

Femmedy:
Before you type always do your findings. When they claimed to have privatized the power sectors and the better part of it was sold to the croonies of those in power as at that time. Do you still called that full privatization It"s all scam bro. We are even paying more for what we don"t use (electricity). We had no light for almost 3 months and we pay higher for that period than when power was available a little. Anything goes in Naija. Jx make the little change you can around you

OK....you don't like the truth.

Good afternoon.

Facts is facts.

IkpuNnegiEwu44:
Sai baba till 2079!

Una never see anything

Ngeneukwenu, wetin happen to you?

agarawu23:
We are paying more already

We need to kill people in this country..

Cromcruach91:


And I just know you have $900BILLION to pay up to fix the lights in Nigeria.

I hate the fact of the increase...but the alternative is us taking loans, loans , loans.

$900 BILLION ko $1Trillion ni.

You probably don't know that we are generating more than we can transmit, simply because the national grid is over centralized.


There thousand of companies ready to invest in IPP if the country simply discentralize the system.

LaudableXX:


Are you for real? So bloody what if the increases were written into contracts signed during privatisation? Can't contracts be re-negotiated, and laws repealed? Does that law give the DISCOs a right to use such increases to extort the masses?

You pay bills lower than Ghana. Do you get the same amount of electricity supply that residents of Ghana get, every day? Do you earn the same kind of wages?

Guy, please do not let me insult you. Electricity bills were increased less than 24 months ago under the MYTO Tarriff plan. Electricity supply hardly improved. Now, they are trying to invoke another increase. May thunder fire them all, over there!



You are talking as if you are from outer space, and NOT a Nigerian. When SIM cards were 10,000 naira at the inception of GSM Services in Nigeria, how many people had a mobile phone? When the prices dropped, how many people were then able to get a phone?

The same GSM companies that claimed per second billing was impossible at that time, suddenly changed their minds and started singing a new song, when Globacom entered the market and started charging subscribers on a per second platform. They quickly converted to per second billing, too!

How can you even compare the telecoms sector with the electricity supply sector? Are the variables, dynamics and the context the same? The electricity sector is a monopoly held in the grips of a cabal. Oga, you are wicked, o! No individual, company or state can ever tax its' way into prosperity.....

Chief...I hear you

But the thing is..as i said...we STILL need...$300billion to get light 24/7. Our reserve is just 40 billion.

Where are we going to get the money from?

Since you guys don't want an increase...then let us take a loan.

Good afternoon. It is not wickedness to tell the truth. Truth is...we don't want to pay for light. We want it free...and that is not realistic.

Neither can you comprehend common sense

Cromcruach91:


OK....you don't like the truth.

Good afternoon.

Facts is facts.

Government does not put the current state of Nigerians into consideration, the only thing we hear all the time is INCREASE. the interest of the public is thrown to trash. foreign countries think about how to reduce the suffering of the people they are leading , ours is to increase the suffering of the people. is giving me concern all the time.

OBAGADAFFI:


$900 BILLION ko $1Trillion ni.

You probably don't know that we are generating more than we can transmit, simply because the national grid is over centralized.


There thousand of companies ready to invest in IPP if the country simply discentralize the system.

Generation in Nigeria is 7000mw..we lose 2000mw due to bad transmission system.

We need 10000mw to power Lagos alone....

South Africa generated 44000MW

You do the math

I agree with decentralization.

Hofbrauhaus:


We need to kill people in this country..

you get gun?

[quote author=Cromcruach91 post=65999045]Before we grumble...consider a few facts

1.When we privatised electricity distribution and generation, the price increase was written into the law that governs the thing.

2.We need anything between $300-900billion to get light 24/7.

3.Privatization means that you pay more from your pocket.

4.We have to pay our bills...and let's be frank...we pay bills lower than countries like Ghana...who pay twice as much as we do.

5.Electricity is not a free lunch.

MODIFIED

To all that responded to me, thank you very much.

I just want to leave this fact for you guys...

We need $300 BILLION to get light 24 hours a day, seven days a week. Our foreign reserve is $40billion. Let that sink in...and then we can talk.[/quote



God bless you

Cromcruach91:
DISCOS and GENCOS are not owned by government either...so good example.

Wrong!! The Federal Government only divested its interest in the six GenCos, while selling off 60% of its shares in the eleven (11) DisCos to private operators. The federal govt still owns 40% shares in these DisCos, and the Transmission Company still remains fully under government ownership.