I doubt if this man feels what common man feels. IBEDC just hiked tariff from #24.97 to #62.33. Ask me for evidence because I have it. I bought 31.12 Units today for the same amount that was fetching me 77. 68 Units before.
Highly pathetic because I don't know other places where this is obtainable other than Nigeria.

And metering the country is so hard. The DISCOS will conspire with various CDAs to cause problems in metering people.

Telecommunication = subsidy
Education = subsidy
Nepa = subsidy
Petrol = subsidy
Railway = debt + subsidy
Agricultural incentives(grains, fertilizers) = borrow + subsidy.

Bubu should just subsidize this country to foreign investor who will buy all of us once.

Deputy1111:

subsidies.

https://www.vanguardngr.com/2020/09/moghalu-backs-fg-nerc-on-service-based-electricity-tariff-review/

Why must electricity cost that much? That's why this Moghalu will never become our president

1. I am a male actually.
-So sorry for misidentifying your sex.

2. Gas is paid for in US dollars. (Found that out a few years ago...news report)

3. I am aware that we have corrupt politicians. I don't condone corruption.

4. However,we are supposed to be running power as a business. What we have been doing instead is forcing it to run at a loss

-No business should be made to run at a loss. I totally agree with you.

-The issue at hand is that the Nigerian government is run more like a colony whereby the colonizers are only interested in milking off the natural resources without providing any development for the people.

-OIL REVENUES SHOULD NOT BE USED TO PAY CIVIL SERVANTS AND PUBLIC SERVANTS LIKE MOGHALU WHO DO NOT CONTRIBUTE DIRECTLY TO THE LIVES OF THE MASSES. Oil revenues must be channeled to activities such as education and health care as these would have an impact on every Nigerian, irrespective of educational level, tribe or age.
-This is how resource rich democracy are run. But in Nigeria, the public and the civil servants consume 70 percent of the budget on recurrent expenditure. the remaining 30 percent is shared between loan repayments and capital expenditure which is usually siphoned through substandard projects. Most of this money is still spent importing foreign goods putting pressure on the Naira.

-Our public health system is in ruin and same goes for our public education system. This has damaged productivity and has led to mass poverty within Nigeria. The useless federal government then chooses to subsidize services as thou they are benevolent and we should be grateful. This is simply not the case.

-The average Nigerian does not have the purchasing power to buy 24 hours of electricity. In countries without mineral resources, the Governments are still smart enough to tax the citizens to enable them to provide quality public education. Such is not the case in Nigeria.

I will at this point strongly suggest that you Google for the price Waterhouse Coopers report on our power sector. In brief, the whole thing has been running at a loss

5. I am going to ask you a question. Would you buy pens at 50 naira a piece and sell them at 20 naira a piece while accepting a subsidy from the government of 20 naira per pen sold?

6. There is a reason why socialist policies fail. People need money.

-If you have the time, there is an interview on a Youtube channel: the rebel capitalist. It is an interview with one of the smartest socialist alive today Prof Richard Wolf. I am not a socialist in anyway, but I found his point of view interesting.

7. What you are advocating is that power companies keep on selling power at a loss. Meanwhile government keeps on subsidising them. That means they cannot make a profit , which could be reinvested in making things much better...things like new equipment, better staff salaries, expansion of our power supply etc.

-I have no issue with the power companies. My problem is with the federal government that keeps devaluing the Naira forcing the cost of electricity and Fuel to go higher. Are Nigerians expected to pay higher prices because of the incompetence of our government. Even to recruit the right people is too difficult for them. By the way, I am not specifically insulting the present administration but all previous administrations. They have bankrupted Nigeria and the masses will be left to face the music.

8. I happen to think that socialism is good..But socialism works when there is money to make it work. Nigeria is a poor country, and the looting makes it worse.

-I assume you mean subsidizing services is socialism? Please watch the youtube video. I believe free market capitalism is the only path to prosperity but quality basic education and healthcare are a right to citizenship as these directly impact the productivity of a nation.

9 You can call me heartless, but we have to make our power sector profitable. Otherwise, we are going to keep on suffering poor power.

-You are not heartless, you are only making the wrong argument. the Enemy is the Government and not the power sector players.

10. This GSM we are using . Back in the day people like you wanted government to reduce the price they charged for their services. Government refused to listen, and they exploited us....and used their profits to build the it network we have today. Which has provided jobs , and more jobs. And which is why I have gone from spending 200 naira for slow two hour internet at a cafe, to faster internet from home

-The cost of internet in Nigeria is among the highest on earth and the services are average at best. Obasanjo is by far the best democratic leader Nigeria has had.

Either we let the discos be profitable, so that they can have the money to build up our power sector, or we keep on playing socialism., And getting poor power supply. After all, it's what we can afford , we are poor.

-Around 2011, Dr Sam Amadi, the then executive director of NERC came up with a "MYTO" plan to remove all subsidies from the electricity sector due to gas been sold in US dollars. The GEJ administration fretted away our oil revenue on frivolities even though they earned revenues above 100 dollars per barrel on average for 4 years. By 2014 when oil prices fell, the naira was devalued increasing the cost of gas in Naira. This events rubbished all the increments carried out by the NERC. For how long is this cycle going to continue for.

Power, sadly is not cheap.

Yes, but it is relatively stable in other countries because their currencies are not tied to the fluctuations of a natural non renewable resource.



And before you start, I don't necessarily like what I have written on this thread. Sadly, this is the reality. We cannot be buying things at a cost below what it cost to make them. After a while, there is no money to keep on making the stuff.

The cost only increases in Naira because of the incompetence of our leadership.

That's why we have poor power supply and bad refinery's. We are running them at a loss, and using corruption prone subsidies to maintain an illusion

We have poor power supply and bad refineries because our government has failed to improve our productivity making us the poverty capital of the world and preventing us from having the ability to pay for basic amenities.

Moghalu was supposed to call for increased taxation on houses and cars which directly affects the rich and at the same time would reduce the demand for dollars. Moghalu was supposed to call on the government to focus squarely on quality basic education and healthcare as these will quickly reduce the inequality that currently exists in Nigeria and at the same time enable a more prosperous Nigeria.

PS
I am referring to Primary and Secondary Education as Public Education. Public Tertiary Education is not a necessity to development as less than 40 percent of Americans and of British citizens are University educated.

https://www.youtube.com/watch?v=zOdfJ2u4EdM

Not in the middle of covid

oyeb15:
This is not d time for hike in any product. Government failed to address d issue of distribution of electricity in Nigeria. The output is poor and unavailable in some areas.
Moreover, power should not only be regionalized but The Monopoly of region distributors have to be broken so that customers can switch in between different distributors. If BEDC is not functioning,I can switch to IKEDC. Regional competition will enhance good and customer friendly services.

How do you intend to do that with fixed electricity infrastructure?

masqot:
I doubt if this man feels what common man feels. IBEDC just hiked tariff from #24.97 to #62.33. Ask me for evidence because I have it. I bought 31.12 Units today for the same amount that was fetching me 77. 68 Units before.
Highly pathetic because I don't know other places where this is obtainable other than Nigeria.

How many hours do you get? Ur own beta na, at least u get prepaid metre

Tianamen1:
1. I am a male actually.
-So sorry for misidentifying your sex.

2. Gas is paid for in US dollars. (Found that out a few years ago...news report)

3. I am aware that we have corrupt politicians. I don't condone corruption.

4. However,we are supposed to be running power as a business. What we have been doing instead is forcing it to run at a loss

-No business should be made to run at a loss. I totally agree with you.

-The issue at hand is that the Nigerian government is run more like a colony whereby the colonizers are only interested in milking off the natural resources without providing any development for the people.

-OIL REVENUES SHOULD NOT BE USED TO PAY CIVIL SERVANTS AND PUBLIC SERVANTS LIKE MOGHALU WHO DO NOT CONTRIBUTE DIRECTLY TO THE LIVES OF THE MASSES. Oil revenues must be channeled to activities such as education and health care as these would have an impact on every Nigerian, irrespective of educational level, tribe or age.
-This is how resource rich democracy are run. But in Nigeria, the public and the civil servants consume 70 percent of the budget on recurrent expenditure. the remaining 30 percent is shared between loan repayments and capital expenditure which is usually siphoned through substandard projects. Most of this money is still spent importing foreign goods putting pressure on the Naira.

-Our public health system is in ruin and same goes for our public education system. This has damaged productivity and has led to mass poverty within Nigeria. The useless federal government then chooses to subsidize services as thou they are benevolent and we should be grateful. This is simply not the case.

-The average Nigerian does not have the purchasing power to buy 24 hours of electricity. In countries without mineral resources, the Governments are still smart enough to tax the citizens to enable them to provide quality public education. Such is not the case in Nigeria.

I will at this point strongly suggest that you Google for the price Waterhouse Coopers report on our power sector. In brief, the whole thing has been running at a loss

5. I am going to ask you a question. Would you buy pens at 50 naira a piece and sell them at 20 naira a piece while accepting a subsidy from the government of 20 naira per pen sold?

6. There is a reason why socialist policies fail. People need money.

-If you have the time, there is an interview on a Youtube channel: the rebel capitalist. It is an interview with one of the smartest socialist alive today Prof Richard Wolf. I am not a socialist in anyway, but I found his point of view interesting.

7. What you are advocating is that power companies keep on selling power at a loss. Meanwhile government keeps on subsidising them. That means they cannot make a profit , which could be reinvested in making things much better...things like new equipment, better staff salaries, expansion of our power supply etc.

-I have no issue with the power companies. My problem is with the federal government that keeps devaluing the Naira forcing the cost of electricity and Fuel to go higher. Are Nigerians expected to pay higher prices because of the incompetence of our government. Even to recruit the right people is too difficult for them. By the way, I am not specifically insulting the present administration but all previous administrations. They have bankrupted Nigeria and the masses will be left to face the music.

8. I happen to think that socialism is good..But socialism works when there is money to make it work. Nigeria is a poor country, and the looting makes it worse.

-I assume you mean subsidizing services is socialism? Please watch the youtube video. I believe free market capitalism is the only path to prosperity but quality basic education and healthcare are a right to citizenship as these directly impact the productivity of a nation.

9 You can call me heartless, but we have to make our power sector profitable. Otherwise, we are going to keep on suffering poor power.

-You are not heartless, you are only making the wrong argument. the Enemy is the Government and not the power sector players.

10. This GSM we are using . Back in the day people like you wanted government to reduce the price they charged for their services. Government refused to listen, and they exploited us....and used their profits to build the it network we have today. Which has provided jobs , and more jobs. And which is why I have gone from spending 200 naira for slow two hour internet at a cafe, to faster internet from home

-The cost of internet in Nigeria is among the highest on earth and the services are average at best. Obasanjo is by far the best democratic leader Nigeria has had.

Either we let the discos be profitable, so that they can have the money to build up our power sector, or we keep on playing socialism., And getting poor power supply. After all, it's what we can afford , we are poor.

-Around 2011, Dr Sam Amadi, the then executive director of NERC came up with a "MYTO" plan to remove all subsidies from the electricity sector due to gas been sold in US dollars. The GEJ administration fretted away our oil revenue on frivolities even though they earned revenues above 100 dollars per barrel on average for 4 years. By 2014 when oil prices fell, the naira was devalued increasing the cost of gas in Naira. This events rubbished all the increments carried out by the NERC. For how long is this cycle going to continue for.

Power, sadly is not cheap.

Yes, but it is relatively stable in other countries because their currencies are not tied to the fluctuations of a natural non renewable resource.



And before you start, I don't necessarily like what I have written on this thread. Sadly, this is the reality. We cannot be buying things at a cost below what it cost to make them. After a while, there is no money to keep on making the stuff.

The cost only increases in Naira because of the incompetence of our leadership.

That's why we have poor power supply and bad refinery's. We are running them at a loss, and using corruption prone subsidies to maintain an illusion

We have poor power supply and bad refineries because our government has failed to improve our productivity making us the poverty capital of the world and preventing us from having the ability to pay for basic amenities.

Moghalu was supposed to call for increased taxation on houses and cars which directly affects the rich and at the same time would reduce the demand for dollars. Moghalu was supposed to call on the government to focus squarely on quality basic education and healthcare as these will quickly reduce the inequality that currently exists in Nigeria and at the same time enable a more prosperous Nigeria.

PS
I am referring to Primary and Secondary Education as Public Education. Public Tertiary Education is not a necessity to development as less than 40 percent of Americans and of British citizens are University educated.

I agree with you

walexbiz:
I now see there is no difference between this man and the dullard we placed in Abuja. These yeye man said federal government have been subsidizing electricity but most post paid users have humongous amount of debt on their bills so the question remains where is the subsidy going to or may be Mr Moghalu is just speaking trash so as to stay relevant.

He said the truth.

hakeem4:
They should not have increasedit now that the economy is not strong enough. moghalu sounds like acapitalist, i am glad he didn't win it if not he would have privatise everything. see his face like cashew

So you are happy that Moghalu did not win because he could have privatised everything, ok
But you are also angry because your choiced candidate who won continously choke your economic life too.
"Tangled"!

kikero:


So you did not read the part where he said that one kWh of power costs N53, yet even with the hike Nigerians are paying 31 naira for one kWh

In other words, the reason why we don't have power is because discos and gencos are operating at a loss.

Let me bring it to the level you can grab. You are buying exercise books at 150 to sell at 210, making a profit of 60 naira.

Government comes in, tells you to sell the books you bought at 150 at 100 naira instead of at the 210 you were intending to sell, and they pay you 30 naira for every book you sell as subsidy

So you lose 20 naira per book sold

Tell me, how would you sustain your business.

You want free of charge. You don't think about how the people who give you electricity would eat, or buy the material needed to make things better because you must have awoof.

No wonder you don't have light.

Now I know that you were amoung those scammed in 2015 if you actually believes in this dubious statistics. Every month outrageous bills are being distributed to customers even when their transformers has stop functioning for six months. How many killowats did such customers consumes?!

Sunnyja:
Now I know that you were amoung those scammed in 2015 if you actually believes in this dubious statistics. Every month outrageous bills are being distributed to customers even when their transformers has stop functioning for six months. How many killowats did such customers consumes?!

Well, it does cost a lot of money to produce electricity.

One kWh of power costs 53 naira. Discos have been selling power below that price since 2013 and thus are running at a loss

And government in order to keep the discos from running at a loss is paying them 1.5 trillion naira annually. Part of which is sourced from loans. And the money isn't enough self.

You can call the figures dubious. But at the end of the day, it is a fact that until GEJ privatised power, it was severely neglected for decades. The high cost of power is not only a reflection of how much we need to fix power, but how much it costs to produce power.

Besides, if we pay higher now,and things improve, I guess within five years, we would pay less. Competition and all

Good morning.

not just covid but the planned sale of national assets like refineries, seaports and airports.

why sell to private individuals? And then go borrowing, confused egghead.

oyeb15:
This is not d time for hike in any product. Government failed to address d issue of distribution of electricity in Nigeria. The output is poor and unavailable in some areas.
Moreover, power should not only be regionalized but The Monopoly of region distributors have to be broken so that customers can switch in between different distributors. If BEDC is not functioning,I can switch to IKEDC. Regional competition will enhance good and customer friendly services.

Sadly this can't happen. Electricity isn't distributed wirelessly like your telco network.

hakeem4:
They should not have increasedit now that the economy is not strong enough. moghalu sounds like acapitalist, i am glad he didn't win it if not he would have privatise everything. see his face like cashew

One good way of providing power for yourself is this - Run Your Generator for one month, 2 Hours daily, then you will know whether he is saying the truth or not.

Electricity generation is just thesame process with running your gen by the GenCos. No difference.

kikero:
Honestly, Nigerians don't understand the article

Power costs 53 naira per kWh. We are selling it at 31 naira per kWh. Government is paying a subsidy of 22 naira per kWh, which amounts to 1.5 trillion naira annually

Money that could have been used for something else if we had allowed the discos and gencos charge 60 naira per kWh

Yes, we will suffer high tarrifs, but we would save 1.5 trillion which can be used for things like education, health and roads and railways.

But because we want awoof, we force discos and gencos to sell at a loss, many of us don't pay our bills, and even when they give us meter, many of is bypass the meters to get frer ee power

Then we come and ask why we don't have light.

There is a serious problem with Nigeria..We want awoof.Meanwhile most of us won't reduce the price of what we sell to help poor Nigerians because we know we would be broke

Yet we want to bankrupt our power sector in the name of free electric power

So far as I can enjoy electricity of 12hrs above per day I don't have problem with the hike but what pains me most is that someone would bypass a metre and insult the discos for insufficient services while the patriot citizens keep bearing the burden by the rascality of few. Where I live in Kano, I enjoy at least 12hrs electricity everyday, I have been using PPM since 2012

I Love PMB

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