mamaafrik:
I didn't read anything about mambila in this borrowing,make F.G discentralize the TCN into Geopolitical zones and sell the unit under a transparent bidding.
Power is key to our survival.

They’re afraid some regions will get it right and have runaway success and then leave their clueless arse behind! This is the reason for the over-centralisation of everything in Nigeria....so every region will progress at their snail pace!

Ok

Get 8 hours electricity daily with our unique 1kva solar power system. Check my signature now

deenee:
From the comments here, it is apparent that slot of people don't havea single clue about the intrigues in the power sector.

they seriously dont....put as much money into it as you like....nothing will change....

as i said before,nigeria already have capacity of over 20000megawatt....

how can this present govt spend 1.5trillion in 5 yrs generating electricity and i still get only 10hrs of it daily...call this immense sinking

u mean sink inside kanji dam....

Mahsums:
Hw about dt nuclear power stuff back in 2017?

Abeg don't go there. Common road they can't maintain. It's now nuclear bomb?

obidark:


they seriously dont....put as much money into it as you like....nothing will change....

as i said before,nigeria already have capacity of over 20,000megawatt....

Abeg where you see 20 thousand megawatts? Our ever honest government are saying it's hovering around 3 thousand abi you know something Buhari doesn't?

royalads:
I think the only thing this government can think up is just LOANS and TAXES. It's a shame that the majority of us thinks that these are the best brains to rule the country out of the 180million+ people that make up this country. Meanwhile other countries are racing ahead on light speed.

It's simple. Lagos the origin of APC is known for taxes. Buhari is known for loans. Add one and two and there you go.

Gudguyz:
How long are we going to continue sinking billions without yielding positive result??




Well put end to sudden power cut.Call & What's app Sunmax Solar.o8o-25-75-39-49.Thanks

It's yielding results o. Don't you see how fresh they look? Just give the lankey lagos governor a few months and you'll see the results on cheeks.

#USUAL SINK!

#WHITE ELEPHANT PROJECT!

Our 2018 GDP stood at #16.58 trillion.
From what the minister said,our rev to GDP ratio is 19%.This simply means our tax rev is about #3.2 trillion....to low indeed because the world bank pegged it at 50%

Ignorance can kill; borrowing to enslave future welbeing of Nigerians. Electricity has been a nightmare.

Write4me:
Thank God OP used the right word. SINK!! And it goes down the drain as always.
�‍♂️

At least we have seen the Federal Governments investment, how much did your state budget for urban and rural electrification?

vezycash:


Abeg where you see 20 thousand megawatts? Our ever honest government are saying it's hovering around 3 thousand abi you know something Buhari doesn't?

the capacity is their long ago....

Seenyo:
#USUAL SINK!

#WHITE ELEPHANT PROJECT!

I thought Jonathan claimed he had deregulated the power sector, why are you laying the blame solely at the door steps of the Federal Government, it is not their fault pdp sold the facilities to quacks.

obidark:


the capacity is their long ago....

With a total installed capacity of 8457.6MW (81 percent of total) in early 2014

Show me your source or stop spreading baseless rumor.

I've added a screenshot to a nairaland front page article that backs up my claim that it indeed had fallen to approx 3000 MW. https://www.nairaland.com/5156395/nigerias-generated-electricity-drops-further

obidark:
did you people know that their is a powerplant in the south east that has capacity of over 8000megawatt since even before independence....??

Nwane,tell us something,give us details please

danjumakolo:
Our 2018 GDP stood at #16.58 trillion.
From what the minister said,our rev to GDP ratio is 19%.This simply means our tax rev is about #3.2 trillion....to low indeed because the world bank pegged it at 50%

do you mean 50℅ interest rate ?

To "sink"... Yeah... It will definitely sink.

Islie:


° Borrowing not yielding results – Experts, DisCos

° Nigeria’s external debt rises to N25.7trn




https://www.dailytrust.com.ng/fg-to-sink-fresh-n915bn-loan-into-power-sector.html

Some people will seat in one corner and eat more than half of this $3 billion...hmmmm!!!

vezycash:


With a total installed capacity of 8457.6MW (81 percent of total) in early 2014

Show me your source or stop spreading baseless rumor.

I've added a screenshot to a nairaland front page article that backs up my claim that it indeed had fallen to approx 3000 MW. https://www.nairaland.com/5156395/nigerias-generated-electricity-drops-further

what dont you understand....??

i said the capacity is already their....!!

am i writtin chinese or what....??
what dont you understand....??

ayaside:
To "sink"... Yeah... It will definitely sink.

haha....

mamaafrik:
Nwane,tell us something,give us details please

bros....their was a thread of pictures of olding days....and their was a picture of a plant built far back then....
and the picture was clearly stated that the plant has a capacity of over 8000megawatt....

i remember very well,bro....

sapele914:
I thought Jonathan claimed he had deregulated the power sector, why are you laying the blame solely at the door steps of the Federal Government, it is not their fault pdp sold the facilities to quacks.

...Cos in 2015, I UNVOTED corruption(pdp)
but ended up CAMPAIGNING/VOTING in another set of clueless, CORRUPT, SELFSERVING assholes!

I erroneously thought apc will CORRECT the anomalies of it's predecessors, but I was damn WRONG!

The shithole deserves far better than these dumb scums! #FACT!

Seenyo:

...Cos in 2015, I UNVOTED corruption(pdp)
but ended up CAMPAIGNING/VOTING in another set of clueless, CORRUPT, SELFSERVING assholes!

I erroneously thought apc will CORRECT the anomalies of it's predecessors, but I was damn WRONG!

The shithole deserves far better than these dumb scums! #FACT!

na their your wahala will start....you think atiku would be any better....??

if you ask me,i think we dont need presidents atall atall....

governors are enough disasters....

vezycash:


Abeg where you see 20 thousand megawatts? Our ever honest government are saying it's hovering around 3 thousand abi you know something Buhari doesn't?

He's actually talking about installed generating capacity at the moment. You are talking about the wheeling capacity of power evacuated which hovers around 3,000 to 4,000 megawatts. The issue isn't actually generation which is the easiest task to accomplish; it is actually the grid, they are too decrepit to function optimally and government have borrowing money to revamp it but I'm yet to see any improvement

obidark:


na their your wahala will start....you think atiku would be any better....??

if you ask me,i think we dont need presidents atall atall....

governors are enough disasters....

As at today, I'm more than convinced that anybody is better than the redundant coupist!


Dude is fiasco personified!

Seenyo:


As at today, I'm more than convinced that anybody is better than the redundant coupist!


Dude is fiasco personified!

you just dont gerrit....

nothing will change....we have been trying this bullshitt changin since 1960,what realy changed....??

Julufixed36p:
WhatsApp

wat....??

you didnt read the topic or what....??

park....!!

So many people would make nonsense money from this news now.