krattoss:
Electricity isn't cheap anywhere in the world.

The problem is will they deliver after the payment?

krattoss:
Electricity isn't cheap anywhere in the world.

The problem is will they deliver after the payment?

krattoss:
Electricity isn't cheap anywhere in the world.

The problem is will they deliver after the payment?

AK481:

In monopoly,u cannot increase price and quantity demand at the same time ,read ur market structure note in economics if u have one.

The increase will create

Reduction in consumption and hence reduction in their total revenue

Electricity theft will be on the rise.

This will further impoverished the disco.

dirtydiva:
Muna take am easy with the masses ooo...
We dey complain of multiple tax in various mrkts, house rent increased, tuition fees also increased now govt wan do their own too abi una wan finish people wey una dey rule?

COMPAQ:


Does that include split unit AC's?

Chizuru01:
I told my foolish nairaland friends that supports APC that this government does not care about the hardship of nigerians but his foolishness will never let him see it

Naijafull19:


The reason why the DISCOS are like that is because the enabling law that set them up set them up made them regional monopolies...and as a result, there is no competition.

(Similar mistake was made under the CMDA mobile system...which once upon a time was rivaling GSM. ).

paix:
The APC promised to take us to the next level of hardship, why are we now complaining? At least, this is the only promise they were able to fulfill.

Naijafull19:
Inasmuch as people would shout 'We are poor'...here are some hard facts

1.We need to generate power above 40000MW

2.We also need to fix transmission systems

3.All these will cost trillions of naira.

4.And the way forward is by allowing DISCOS to set the price they want to set (yes, government should stop setting prcies).

Back in 2001...GSM came to Nigeria, with outrageous prices. We all complained. And the service was initailly poor. But thanks to the freedom affroded them to do their business they could raise funds to build from scratch the telephone and internet service we have today. All those GSM infrastructure you see is the result of allowing GSM companies freedom to set their prices.

If we keep on shortchanging the power sector....we will never see 24/7 light. Power companies cannot attract investment. They cannot even take loans from banks because the banks know they won't see their money....because the DISCOS aren't making enough profit to fund their operations, talkess of paying back a loan.

You are free to insult me, call me insensitive. But if I was in power and I forced you as a rice salesman or woman to sell rice at N7000 below the price you bought it....because of the masses...won't you go broke in a few years? Won't you sack your workers in a few years??

Let's stop acting like Communists. We don't have enough cash to run a Communist economy. If you want a communist economy, form a Marxist-Lenninist party, and implement your own state controlled prices...but the sad thing is that capitalism works. It hurts people, but it also benefits more people. Let's run power like a capitalist enterprise.

dirtydiva:
Abi!!! If I was able to survive his first term in office then I can cope with ds new tenure

wirinet:

This isn't about about APC, periodic increase in tariff was built into the privatisation agreement of the power sector by the Jonathan administration. If the agreement was followed in toto, we would be paying double of what we are paying now.

walexbiz:


While I won't want to dabble into the issue of prod and cons of different type govt, I will just want to remind you that even the Americans have consistently used socialist instrument to govern its people. Subsidy is a socialist tool in governance.

Now to the main crux of the matter, an increment in power consumption could spiral and push Nigeria back into recession as it would adversely affect the manufacturing sector of the economy. The cost of doing business in Nigeria is on the high side, increasing the electricity tariff would place a heavy burden on the manufacturing companies and this would in turn affect the cost of goods and services in Nigeria. Also we should remember that even at the present rate provision of electricity is still shady has most consumer have professed that they are paying for darkness.

I accept your point of argument that electricity is far cheaper that what we are paying for, but you should remember that even minimum wage isn't reflective of what workers are supposed to earn, therefore overburdened would result to stealing in fact they have all been doing this while government looks the other way.

krattoss:
Electricity isn't cheap anywhere in the world.

The problem is will they deliver after the payment?

krattoss:
Electricity isn't cheap anywhere in the world.

The problem is will they deliver after the payment?

Naijafull19:
Inasmuch as people would shout 'We are poor'...here are some hard facts

1.We need to generate power above 40000MW

2.We also need to fix transmission systems

3.All these will cost trillions of naira.

4.And the way forward is by allowing DISCOS to set the price they want to set (yes, government should stop setting prcies).

Back in 2001...GSM came to Nigeria, with outrageous prices. We all complained. And the service was initailly poor. But thanks to the freedom affroded them to do their business they could raise funds to build from scratch the telephone and internet service we have today. All those GSM infrastructure you see is the result of allowing GSM companies freedom to set their prices.

If we keep on shortchanging the power sector....we will never see 24/7 light. Power companies cannot attract investment. They cannot even take loans from banks because the banks know they won't see their money....because the DISCOS aren't making enough profit to fund their operations, talkess of paying back a loan.

You are free to insult me, call me insensitive. But if I was in power and I forced you as a rice salesman or woman to sell rice at N7000 below the price you bought it....because of the masses...won't you go broke in a few years? Won't you sack your workers in a few years??

Let's stop acting like Communists. We don't have enough cash to run a Communist economy. If you want a communist economy, form a Marxist-Lenninist party, and implement your own state controlled prices...but the sad thing is that capitalism works. It hurts people, but it also benefits more people. Let's run power like a capitalist enterprise.

Naijafull19:


DISCOS reject power from GENCOS because ...underbilling. means they cannot make enough of a profit to pay GENCOS.

Then there is the fact that we need money in the hundreds of billions to fix power. Price controls is not the way forward to raising the cash.

FarahAideed:


Shut up you are a big liar

Naijafull19:
Inasmuch as people would shout 'We are poor'...here are some hard facts

1.We need to generate power above 40000MW

2.We also need to fix transmission systems

3.All these will cost trillions of naira.

4.And the way forward is by allowing DISCOS to set the price they want to set (yes, government should stop setting prcies).

Back in 2001...GSM came to Nigeria, with outrageous prices. We all complained. And the service was initailly poor. But thanks to the freedom affroded them to do their business they could raise funds to build from scratch the telephone and internet service we have today. All those GSM infrastructure you see is the result of allowing GSM companies freedom to set their prices.

If we keep on shortchanging the power sector....we will never see 24/7 light. Power companies cannot attract investment. They cannot even take loans from banks because the banks know they won't see their money....because the DISCOS aren't making enough profit to fund their operations, talkess of paying back a loan.

You are free to insult me, call me insensitive. But if I was in power and I forced you as a rice salesman or woman to sell rice at N7000 below the price you bought it....because of the masses...won't you go broke in a few years? Won't you sack your workers in a few years??

Let's stop acting like Communists. We don't have enough cash to run a Communist economy. If you want a communist economy, form a Marxist-Lenninist party, and implement your own state controlled prices...but the sad thing is that capitalism works. It hurts people, but it also benefits more people. Let's run power like a capitalist enterprise.

Great2017:

Is it customers' money that would be used to raise generation to 40000MW and expand the transmission system? There is no where in the world that such is practised. Let them fix those challenges first b4 hiking electricity tariffs.

Naijafull19:


Oh yes, it is CUSTOMER'S money.

That's how businesses are run. You take your money from your customer...what the customer invests into your business by paying for goods and services...and use it to improve services to your customer, pay staff salaries, etc..

That's why when GEJ was privatising power, he gave opportunity to Nigerians to come and say no. We all kept quiet. Now the deed has beeen done, and if the current government tries to reverse it it would cost them billions of naira.

How do you think the GSM companies built all those infrastructure like antenna, cable network, etc.....it was largely from funds taken from the money we pay to recharge our phones. Or you think they take our money and put it in some big vault in Switzerland ??

Great2017:

It is only in Nigeria that Government collude with fraudsters that called themselves investors to rob her citizens. It is never done in civilized world. I challenge you to mention one.

Any party to an investment shares in the profit or loss as the case may be. And there is usually a documented proof detailing the terms of the investments. What you just called investment falls short of these. Rather, it is collusion with Government to steal from Nigerians.

The GSM companies built those infrastructures from their capital and loans as well as from the astronomical profit generated in connivance with a corrupt Nigeria Government. If the Nigeria Government is not culpable, why are they not declaring huge profits in other clime?

It is not the responsibility of customers to buy transformers, cables, meters, etcetera. Their responsibility is to pay for goods and services rendered at a good price. Paying for far more than the value they get is stealing by trick.

On the other hand it is the responbility of investors to make adequate investments to ensure that customers get value for their money. Sincere Governments do not allow any abuse of responsibilities.

The business of power supply is a long term business because of the huge investments needed. It is not expected to break-even within few years of operation. Otherwise, customers will always be shortchanged through outrageous tariffs and the investors will keep reeling out unimaginable profit margins.

Investors must make adequate investments to guarantee reliable supply. It is not customers' money taken by trick that should serve that purpose. Unfortunately, our Government is allowing this anomaly.

And sad enough, what you call business is only business in Nigeria.

Naijafull19:


Then don't vote for PDP, APC....vote for a Marxist Lenninist Party, or form one yourself.

End all private ownership. Don't let anyone run a business. Everything belongs to the State. No profits, everything is ad mininstered by the state.

The problem with your comment is, you want socialism only when it benefits you. If you were running a buisness yourself, you won't accept government price controls. You would call the government evil.

Yet you want price controls on companies because they are greedy. If you were in charge, the job shortages would be very very severe.

There is no such thing as a free lunch. Economics is not a matter of 'somebody gives you ready made'.

wirinet:


Wrong premise. You are obviously not a business man, else you will understand that providing power through generator is extremely expensive.
When my small office was being billed with estimated billing, I was being billed an average of N10,000 - N15,000 per month despite not having power 60% of the time. Sometimes the transformer would be down for 2 weeks, but the bill never reduces. As a result, I spend an average of N15,000 per week on petrol for the generator, apart from other maintenance costs. I fought tooth and nail for pre paid metre, after the installation of pre paid meter, a N10,000 recharge takes me a minimum of 3 months. You think I will not jump for joy if I was asked to pay 3 times the current charges but will have power 24 7.
PZ and other heavy industries run their generators 24 7, because, their heavy machines cannot handle power fluctuations. MTN masts are sometimes run on diesel 24 7 with 2 generators on every Base station. You think MTN would not jump for joy if you ask them to pay 5 times the current charges.

Cost of doing business will actually come down if tariff is increased but the light is constant and not having to running your business on generator.