25 trillion

Can u imagine?

Just 3 years

If it will fix power permanently then shoot. The only problem is we are too wasteful in this country. We don’t know the value of a singe Naira so we keep being reckless right from the executive to senate and the Demi god Governors.

.

Who will pay all this money

Nairaland is compromise, some one can't comment on Islam trend until you have to swear.. Why Christian trend Muslim can comment and someone out there will say we are one

Even if they sell the whole of Nigeria and invest it into power sector, Nigeria will never have stable power.

It's not a prayer or curse, it's a reality.


The problem of this country is bigger than the country itself.

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

Mugu, OP ain’t publishing, rather he copied from daily trust news

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

Pessimism and defeatist attitude induced by many years of broken promises.

I weep for this Banana Republic
called Nigeria

Another wind fall for northern cabals, hope mamman daura go share it well

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Tekecoms1:
They should just channel all this VAT of a thing wisely already just so we can enjoy its purpose.

this is it....if they should use the VAT wisely on infrastructure only or debt servicing,that would be profitable

Another avenue to siphon the common wealth from a meaningless cash cow; a basket filled with garganduan loop holes. Nigerians can be taken for a ride no more. Check my blog for all things safety and security: www.securitymattersafrica.com

They should use the 915billion to buy 60k generator for us.

SINK

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

They sinking billions... It is well

I can see the the money sinking

Deep deep


Into their pockets

Sing along � �

This is the headline of today's Daily Trust newspaper.
You can read newspapers on your phone(cover to cover) with this android app
https://play.google.com/store/apps/details?id=com.haneef.enewspapers.enewspapers

princeade86:
another loan for electricity. why can't them kuku sell phcn to individual like communication, so that NEPA staff won't exhausts us again if they have many rivals and we have many options?

Power is not like telecoms. You can use any network on your phone but you can't connect to different transformers and switch when you like. Power everywhere is usually a monopoly.

Albert Einstein said of hr had an hour to solve an issue, he will use 55 minutes to identity the problem and 5 mins to clarify.

I'm still wondering why we can't have at least 17hours constant power all over the nation despite all the trillions that have been invested into power sector.

It's obvious these set of politicians divert some part of the funds into their pocket which is not right.

In my own opinion, I think Military regime will fix Nigeria issues in this age.

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

Another money to be wasted.


We help sell your imported goods faster and cheaper.

Must you borrow

No wahala. Una still Dey keep loaning more money with the huge debt on ground. Make una just lemme know when all d owner of this money wan come collect am so that I go find my way out of this debt country o before them turn me to slave. because I don’t know where and how una wan take pay back all dis debt o

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.

Some Nigerians just love bad news.

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

you are the real G


U make the first to comment with the right word

hybridblood07:
Albert Einstein said of hr had an hour to solve an issue, he will use 55 minutes to identity the problem and 5 mins to clarify.

I'm still wondering why we can't have at least 17hours constant power all over the nation despite all the trillions that have been invested into power sector.

It's obvious these set of politicians divert some part of the funds into their pocket which is not right.

In my own opinion, I think Military regime will fix Nigeria issues in this age.

You have asked honestly so I will try my best to explain a few things.

For Nigeria to have adequate electricity supply across board, we need to generate enough electricity. Then we need to have a robust transmission network to ferry it across the nation to sub-stations where distribution lines take it to the end user. Finally, the end user must pay fair price promptly to ensure adequate margins to keep the value chain going.

We do not generate enough electricity. Nigeria's capacity is currently 7,000MW out of which our average output is often under 5,000MW.
The existing GENCOs apparently don't have the financial means to invest in expansion or do not see the point of it under the current state of things.

The transmission line is aging and outdated. It will cost a lot to revamp and expand the entire thing. We have to borrow significantly to even make any impact at all.

The distribution companies are mostly financially incapable of carrying out any expansion work. Apart from 2 or 3 Discos, the others are near insolvent.

Yes, a lot of theft has been committed in the past in the name of contracts to improve electricity. However, in the past couple of years, the sector has become private sector driven and government funding is now mostly in form of loans and guarantees to the private players.

The main challenge now is funding and technology. The money is simply not there! We might require about $20B (i.e. N7.2Trillion) to increase our generation capacity to 50,000MW. This does not include costs applicable to transmission, distribution etc. This figure is already 70% of our 2020 budget!!

habaa...see as dem dae use us collect billion loans evriday....chai! dere will b war in heaven btwn me Nd d angel DAT directed me to nigeria

nigeria already have powerplants that have capacity of over 20000megawatt....

but our nigerian greed would not allow anything to work....

bottleneck is thoes discos....

we shouldnt have privatized the power sector....

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

Sink kwa! If all that money sought to be sunk is actually sunken for the real purpose be...
A good proportion of it usually sinks, sank and is undoubtedly sunken into the coffers of the you-know-whos.