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Nairaland Forum / Nairaland / General / Politics / Borrowing To Subsidise Electricity Grossly Irresponsible -FG (19008 Views)
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Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by tayotheplug: 8:56pm On Sep 07, 2020 |
Can you imagine, mehn this country ehn |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by amakadlite(f): 9:20pm On Sep 07, 2020 |
Sunnyja:they are receiving themselves with niger bridge. |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by armadeo(m): 10:25pm On Sep 07, 2020 |
kikero: One trillion naira. Jesu!!!! Truth is government makes some loot from those funds as no private individual will ever involve in such a business. The reason nothing works is that people benefit from the failure of infrastructure. 1 Like |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by MISSCONGENIALITY(f): 10:31pm On Sep 07, 2020 |
These people can lie. They are always removing subsidy from one thing or the other. After removing subsidy from fuel and electricity this year, next year they will remove another subsidy again forgetting they removed it this year. By the fire will be selling at 500. They don't pay for electricity and fuel that's why they can always remove subsidy. They can't remove from their salaries and allowances. They can't remove from the case they buy every year. What have they ever done with all the money they remove from fuel every year? God will punish them down to their 4th generation. Their children will be useless to them. They will not die until they spend all the money they've stolen on medication. 1 Like 1 Share |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by kabillionaire(m): 10:43pm On Sep 07, 2020 |
Now a serious government is in play. If fulani herdsmen too are tackled, this will be one of the best administration in Nigeria's pathetic history. |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by Barryseal: 11:14pm On Sep 07, 2020 |
kikero:Why does it cost N53 to generate 1KW of electricity in the first place? How did they arrive at this figure? |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by Agbegbaorogboye: 8:57pm On Sep 08, 2020 |
kikero: You need to read more brah. Govt does not pay subsidy on electricity the way it does in oil sector. Gencos are the ones who produce power not Discos. When they produce, the TCN act as off-takers who take the power of them and advertise to the Discos the available power to be bought. Unfortunately, our Discos just like the marketers do not have the financial muscle to buy the electricity you and I desire, and for which they have the infrastructure to deliver. So, the same govt who is the TCN as off-takers also have to be the financier of the Discos with the proviso that the Discos pay later. Unfortunately, by the time the Discos who now act as hawkers take the goods to the market to sell, the come back claiming to be able to sell only a fraction of the electricity they were given on credit. Thus, govt is not able to recover all the money it spent buying electricity off the Gencos and transmitting them. The buyer is called NBET. So, in actual fact, Gencos are paid in full for the power they supply by NBET. But Discos who are given power on credit come back to claim they were not able to sell all they were given. Under normal circumstances, this failure to sell all they were given should attract a penalty, but the Discos now make a claim that with what they sold, they should break even if not that they feel it was sold too cheaply. Note that Discos never bought the power. But somehow, they have an idea of how much it should be sold. It is this anomaly that now is interpreted as subsidy. Let's look at how it should be normally and you'll see that if we say we are not producing enough, how come Discos are still not able to sell all the little we say we are producing? These are the issues we should first look to resolve instead of just jumping up to capitalist theories. Like I always tell you. Nigeria's problems are usually more of structural than financial. The transparent, prudent and meaningful use of our resources is our problem not necessarily finance. Covering it with a financial cloak is just shying away from our responsibilities. |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by yemi1504: 4:12am On Sep 09, 2020 |
MISSCONGENIALITY: AMEN, AMIN, Ase, Ise! Gbas gbos! Hate speech, DSS invitation loading lol |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by MISSCONGENIALITY(f): 10:29am On Sep 09, 2020 |
yemi1504:DSS can not invite a broke ass like me. They know I won't agree to go back home cos f9d no dey for my house. They only invite people with plenty money |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by yemi1504: 7:15pm On Sep 09, 2020 |
MISSCONGENIALITY: Lol |
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