HarveySpecter1:
Crap. They lost or they gained. They bill Nigerians and provide no power so how they f0rk did they lose such amount.

Unless, the rocket scientist stole the money.

Emekamex:
For the power sector to be revamped:
1. The grid system should be dismantled.
2. Power generating companies should be allowed to send power to where ever or whom ever there deem fit.
3. Doing this will bring in more investors into the power sector as it will be profitable than before.
4. Government should hands off and stop interfering in the decisions of power sector players.

Anything short of this will lead to more failure.

candidbabe:
H

SmartMugu:


You nailed it. Sane countries do exactly what you mentioned. It appears in Nigeria, everyone must rely on the government for electricity, whereas startup firms can supply cities with 24-7 electricity in sane countries.

ajepako:
This got me LOL

9jakohai:


Actually, government has hands off power mostly in Nigeria....except for transmission.

Emekamex:
For the power sector to be revamped:
1. The grid system should be dismantled.
2. Power generating companies should be allowed to send power to where ever or whom ever there deem fit.
3. Doing this will bring in more investors into the power sector as it will be profitable than before.
4. Government should hands off and stop interfering in the decisions of power sector players.

Anything short of this will lead to more failure.

9jakohai:


Actually, government has hands off power mostly in Nigeria....except for transmission.

happney65:
Veekid gbeseee reee ohhhh

SmartMugu:
I smell lies. "Gas shortage" was blamed last year, now we are starting a new year and same "Gas Shortage" is being blamed.

If "Gas Shortage" has been the historical problem, doesn't it make sense to rather talk about measures to resolve it than to continue blaming "Gas Shortage" everytime?
Where does Ghana, South Africa etc get gas from and their populace dont hear of "Gas Shortage" everytime? Mars?

When losses are declared, someone must be at the benefiting end, and it's definitely not the average Nigerian. So, who's benefiting from these losses if not the elite politicians and their cronies?

candidbabe:
FTC. on 2nd January 2017. My case is indeed different. Good things are already coming my way this new year..

Back to the topic
Whoever that is expecting something positive in this buhari administration need to have his brain examined. I have said it time without number that buhari has nothing to offer Nigerians.

Rick9:
A south African once tweeted.

My President is the worst in the world
How can we have light for just 23 Hours,
How can we be in darkness for 1 whole Hour.

@Topic so why can't they fix the gas issues instead of making noise about it ?

SmartMugu:


You nailed it. Sane countries do exactly what you mentioned. It appears in Nigeria, everyone must rely on the government for electricity, whereas startup firms can supply cities with 24-7 electricity in sane countries.

shamecurls:


Did you read the article or you just jumped into conclusion?

candidbabe:
FTC. on 2nd January 2017. My case is indeed different. Good things are already coming my way this new year..

Back to the topic
Whoever that is expecting something positive in this buhari administration need to have his brain examined. I have said it time without number that buhari has nothing to offer Nigerians.

Paentera:


Take a look at this analysis and understand why it is easier for Ghana to have constant supply:

Progressively Expensive (Electricity Company of Ghana)
N1,292.53 - Cost of 50 kWh (Electricity Company of Ghana) N25.81/kWh
N4,062.04 - Cost of 100 kWh (Electricity Company of Ghana) N40.62/kWh
N9,409.31 - Cost of 200 kWh (Electricity Company of Ghana) N47.05/kWh

http://www.ecgonline.info/index.php/customer-care/services/tariff.html

Pay As You Go
N1,065.00 - Cost of 50 kWh (Ikeja Electric, Lagos) N21.30/kWh
N2,130.00 - Cost of 100 kWh (Ikeja Electric, Lagos) N21.30/kWh
N4,260.00 - Cost of 200 kWh (Ikeja Electric, Lagos) N21.30/kWh

What this analysis shows us is a cost reflective tariff in Ghana which means cost of all inputs are paid for by the tariff with no need for subsidies. In other words, Ghana's electricity industry pays for itself. In the case of Nigeria (which has the cheapest electricity tariffs in the world), the tariffs cannot adequately pay for the value provided by the whole chain from generation - transmission - distribution, hence leading to shortages. To cut the story short, tariffs set in Nigeria in 2015 (at N198/$1) are not enough to pay for the value created in the industry at the current rate of $309/$1 meaning that gas companies (who sell gas in $$) find it profitable to sell their products internationally where they get full payment than to the Power industry that cannot pay for its products.

If we have 40,000MW capacity but cost reflective tariffs are not introduced to the industry or as an alternative, tariffs subsidized (very inefficient & abuse prone) by the government, there will still be issues in the Power sector.

Paentera:


Take a look at this analysis and understand why it is easier for Ghana to have constant supply:

Progressively Expensive (Electricity Company of Ghana)
N1,292.53 - Cost of 50 kWh (Electricity Company of Ghana) N25.81/kWh
N4,062.04 - Cost of 100 kWh (Electricity Company of Ghana) N40.62/kWh
N9,409.31 - Cost of 200 kWh (Electricity Company of Ghana) N47.05/kWh

http://www.ecgonline.info/index.php/customer-care/services/tariff.html

Pay As You Go
N1,065.00 - Cost of 50 kWh (Ikeja Electric, Lagos) N21.30/kWh
N2,130.00 - Cost of 100 kWh (Ikeja Electric, Lagos) N21.30/kWh
N4,260.00 - Cost of 200 kWh (Ikeja Electric, Lagos) N21.30/kWh

What this analysis shows us is a cost reflective tariff in Ghana which means cost of all inputs are paid for by the tariff with no need for subsidies. In other words, Ghana's electricity industry pays for itself. In the case of Nigeria (which has the cheapest electricity tariffs in the world), the tariffs cannot adequately pay for the value provided by the whole chain from generation - transmission - distribution, hence leading to shortages. To cut the story short, tariffs set in Nigeria in 2015 (at N198/$1) are not enough to pay for the value created in the industry at the current rate of $309/$1 meaning that gas companies (who sell gas in $$) find it profitable to sell their products internationally where they get full payment than to the Power industry that cannot pay for its products.

If we have 40,000MW capacity but cost reflective tariffs are not introduced to the industry or as an alternative, tariffs subsidized (very inefficient & abuse prone) by the government, there will still be issues in the Power sector.