tactius:
Well, power is back on here where I am in the FCT.

The transmission system needs $100bn for fixing

BuhariAdvocate:

BuhariAdvocate:

tactius:


There is a reason why we now have DISCOS and GENCOS...the idea being that government cannot raise cash for power in this country.

Even with Transmission under the control of the government, the thing is DISCOS are now charged with raising cash for the GENCOS and fixing the transmission.

BuhariAdvocate:
Are you working for TCN

tactius:




The truth of the matter is that after several years of shouting 'UP NEPA' when they bring light, you start reading around these things...which is what I have done.

The amount of money needed to fix power in this country is not small. Hence privatization. That's why since 2013, I have stopped blaming government for power, after getting an idea of how bad things are.

The problem with Niaraland criticism of government...all of us write long stories about how government should do something and how corruption is killing us....

Well, power in this country needs money. The DISCOS have a liquidity gap of N1 trillion because the law setting up the DISCOS allows them to charge rock bottom power bills. (I pay N3000 for light where I live..I have a meter. In my previous residence...I paid N5000 on estimated).while government is supposed to pay a subsidy...which they are having diffiuclt paying. Plus there has been bailouts.

And yes, the previous govt did not let foreign companies come and bid....but the truth is, if they had, by now we would be paying bills of N20000 and above monthly for one room apartments...because them foreign companies are here to make profits. (Same as the GSM companies).

Add the fact that some Nigerians don't pay their bills (The DISCO covering Jos reported 48% of residents pay...to give an example) and even metering does not solve the problem, as some people bypass the thing.....and the issue pass government.

BuhariAdvocate:
Its shall never well with pdp .assume they had spend that $20 billion on the power sector at least Nigeria will have stable power. However did you just say $ 1 trillion for power to stable where do you think government can get that from.Besides are you saying those countries in Africa that have stable power like Ghana spend so much, before they could have stable power?

tactius:


The 20bn is not enough. Yeah PDP should not have looted...but 20bn would have just made things slightly better.

Ghana does something we don't do...pay much higher bills

Infact, Nigeria's bills are too low to cover operating costs.

tactius:
Well, power is back on here where I am in the FCT.

The transmission system needs $100bn for fixing