NotBeenPaid:

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26hrs now makes a day! Lol

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Nbote:
But d govt and its supporters have been claiming Power has improved ever since dis govt came in.. Jus open a thread now now to ask of power situation in areas and U'll see dem com in to claim d Nation now enjoys 26hrs of light daily

Dailyhappenings:
Senator Shehu Sani has called to the attention of the Government concerning the light distribution in the country.

See what he wrote...

"They used to say when NEPA/PHCN is privatized,electricity will be available like the http://GSM. Now they say Generation & transmission is not the problem but distribution."

Source: https://www.musictori.com/2019/05/senator-shehu-sani-calls-out-government.html

kjhova:


It is simple to understand.

Poor planning, zero political will and criminal underfunding over many years.

Nigeria's main local resource for power generation is gas which we are fairly abundantly blessed with. Setting up a gas fired power plant is expensive ($400M is required to set up one with roughly 1,000MW cap. in Texas, maybe more in Nigeria).

Rough estimation of the cost of adding say 20,000MW to our generation capacity will be $8B+. Then maybe another $2B investment in expanding transmission, distribution etc to be able to effectively evacuate what is generated. My dear friend, that is N3.6Trillion (just under 50% of annual federal budget) which will be needed in FX and not Naira.

Nigeria needs to find ways to fund such project by securing debt/FDI over a long time period. Problem is governments here tend to think short term. You need projects you can finish within your 4 years term and commission so that they can say this is what GEJ did, Buhari did etc. In that same frame, what global institution will be willing to invest in a long term project in Nigeria where things can so easily change in the short term? For the same reason, it is difficult to secure affordable debt to finance these things.

If we are serious enough, as a people, we can use our own funds and not need to borrow. However, this will mean that business as usual has to end and the government must take tough decisions like reduce the public sector work force, save FX by stopping importation of items with local subs like rice, textile etc, stop subsidy in petroleum products etc. Most of the time, these decisions are difficult to take and will be resisted by Nigerians.

All said, the entire sector has been privatised in the GEJ era except for transmission which the government still controls. Sadly, the GENCOS/DISCOS we sold the assets to don't seem to have the financial capacity for expansion. So here we are with less than 4,000MW delivery of electricity for a nation tapping on 200million population mark.

Exponental:
Steps to boost electricity in Nigeria:
1. Improve Security to entice investors
2. Create a soft landing terms to facilitate investors/national motives.
3. Break the monopoly of gencos and discos.
4. Bring in investors, of cos, the market is available.


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In summary, we need more gencos. At least, one per each local government.

Exponental:
Steps to boost electricity in Nigeria:
1. Improve Security to entice investors
2. Create a soft landing terms to facilitate investors/national motives.
3. Break the monopoly of gencos and discos.
4. Bring in investors, of cos, the market is available.


.
In summary, we need more gencos. At least, one per each local government.

gabicon:
The simple solution to the power problem is decentralize it. Lagos can't be dependent on Benin transmission company even though it has a power station. Scrap national grid it's not working.