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Discos Face Imminent Collapse, Wallow In Debt - Politics (4) - Nairaland

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Re: Discos Face Imminent Collapse, Wallow In Debt by BuyAndSellStuff: 5:04pm On Jan 28, 2022
SIRTee15:


Hahaha...
U beginning to go around in circles.
I suggest u go and read about jaja of opobo.

Jaja was a slave who had his apprenticeship under fellow black men like himself in bonny. At than time, the thriving business was slave trade.
He was the one that united the clans together and enforced a blockade against oil palm British merchants moving into the interior. That was the game changer. White people couldn't have taught him that.

Next time know about what u writing about b4 displaying your foolery online. I hate educated but ignorant black people.

...who were already doing business in his environment which he obviously learnt.


Again, why do you choose the path of contradictory foolishness?? You are just strengthening my point over and over again. grin
Re: Discos Face Imminent Collapse, Wallow In Debt by Yus2020: 5:39pm On Jan 28, 2022
They should not try to increase tariffs because wetin them see e go shocked and choke Criminals
Re: Discos Face Imminent Collapse, Wallow In Debt by SIRTee15: 5:52pm On Jan 28, 2022
BuyAndSellStuff:


...who were already doing business in his environment which he obviously learnt.


Again, why do you choose the path of contradictory foolishness?? You are just strengthening my point over and over again. grin

The argument is done and dusted.
u dont need any white man to run any successful business. black man has been running things since pre colonial era. if adenuga and dangote depends on them, its their choice.
That's how one of u came here claiming Ethiopia air is successful because its run by white men.
Re: Discos Face Imminent Collapse, Wallow In Debt by flokii: 6:01pm On Jan 28, 2022
Too much debt in the power sector, backlogs upon backlogs of debt owed.. most of the foreign investors that came to invest there are gradually moving out due to the shocking state of the sector.

This is what you get when people with no idea of how a system operates rush to buy off assets thinking they'll make automatic profit.

1 Like

Re: Discos Face Imminent Collapse, Wallow In Debt by BuyAndSellStuff: 6:24pm On Jan 28, 2022
SIRTee15:


The argument is done and dusted.
u dont need any white man to run any successful business. black man has been running things since pre colonial era. if adenuga and dangote depends on them, its their choice.
That's how one of u came here claiming Ethiopia air is successful because its run by white men.

If your foolish statement is true, why are whites the most successful businessmen in the world right now?
Re: Discos Face Imminent Collapse, Wallow In Debt by chaloskyx: 6:34pm On Jan 28, 2022
I DONT UNDERSTAND BUT YOU GUYS RAN THE NUMBERS BY INCREASING ELECTRICITY TARRIFS TO OFFSET YOUR LOANS NOW SO WHY ARE YOU STILL IN DEBT IS IT BECAUSE YOU AND YOUR CORRUPT OFFICIALS HAVE REFUSED TO DISTRIBUTE PREPAID METERS TO CUSTORMERS AND ARE WAITING FOR PPL TO BE DESPERATE TO PURCHASE IT FROM YOU TO GET A HIGHER MARGIN? THIS IS WHAT YOU GET WHEN YOU ACQUIRE ASSETS VIA CORRUPT WAYS NOT TO SERVE THE INTREST OF THE MASSES OR SOLEY A BUSINESS DECISION BUT TO LOOT MONEY AND TAKE ADVANTAGE OF YOUR PEOPLE
Re: Discos Face Imminent Collapse, Wallow In Debt by erico2k2(m): 6:59pm On Jan 28, 2022
inoki247:
When dem no collapse before wetin b dere usefulness....


Mak dem off all the power station mak we jus go back to era of lantern...

And that mumu man wey say e no go take serious Govt more dan 6month to fix electricity...

Can we now say dere Government is not serious also abi dem go add anoda excuse...
your post is speaking of Gencos.I think this writeup is about Diacos
Re: Discos Face Imminent Collapse, Wallow In Debt by Beninwitch: 7:02pm On Jan 28, 2022
123papas:
Disco that does not even have meter that customers have paid for.

How true is this?
Re: Discos Face Imminent Collapse, Wallow In Debt by grandstar(m): 7:50pm On Jan 28, 2022
I believe their going bankrupt will be beneficial as they can then be sold to qualified firms that have the technical know-how and financial muscle to make things happen.

Nevertheless, as long as consumers, either keep owing including the federal government and power theft an issue, it will be tough for even the most competent companies

2 Likes

Re: Discos Face Imminent Collapse, Wallow In Debt by Prophet777: 9:49pm On Jan 28, 2022
For the past four months, we have no light due to our faulty transformer. Yet, they are bringing us bills every month. Most funny part is that, it was the community that bought the faulty transformer & they are still expecting us to buy another new one.
Re: Discos Face Imminent Collapse, Wallow In Debt by Poleski: 11:29pm On Jan 29, 2022
Their downfall started when they unintentionally discouraged the masses from paying bills by not issuing prepaid meters for free! The estimated billing is fraudulent. Another thing is their service.
Re: Discos Face Imminent Collapse, Wallow In Debt by Poleski: 1:02am On Jan 30, 2022
BuyAndSellStuff:


What businesses did the black man have before the white man? Lol cheesy

The white man introduced the monetary system.

There were other monetary systems before the white man came with his paper money. Try to do some reading; it helps!
Re: Discos Face Imminent Collapse, Wallow In Debt by revolt(m): 1:54am On Jan 30, 2022
Until u deregulate POWER DEGENERATION / transmission... we will never have light
Re: Discos Face Imminent Collapse, Wallow In Debt by BuyAndSellStuff: 8:44am On Jan 30, 2022
Poleski:


There were other monetary systems before the white man came with his paper money. Try to do some reading; it helps!

How many of them still exist today?
Re: Discos Face Imminent Collapse, Wallow In Debt by gadgethead: 6:46pm On Jan 30, 2022
backbencher:


Even with that, customers bypass meters.

(Yes, it happens)

At least, it will reduce to the minority bypassing meters
Re: Discos Face Imminent Collapse, Wallow In Debt by Poleski: 7:59am On Jan 31, 2022
BuyAndSellStuff:


How many of them still exist today?

At least, trade by barter is still been practiced today.

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