Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,815 members, 7,956,081 topics. Date: Monday, 23 September 2024 at 12:55 AM |
Nairaland Forum / Nairaland / General / Politics / Power Producers Sell ₦294.16 Billion Electricity In Five Months (8807 Views)
FG Halts N600 Billion Electricity Subsidy, Confirms Power Tariff Hike / Rising Crude Price Pushes Petrol Subsidy To ₦16 Billion Per Day / Nigeria To Disconnect Niger, Benin Over ₦2.60 Billion Electricity Debt (2) (3) (4)
Re: Power Producers Sell ₦294.16 Billion Electricity In Five Months by Minjim: 9:29am On Sep 17, 2020 |
Hakeem12: If the right players are involved we won't be here. These people running the Discos are mostly politicians. When the bidding came up during Gej's govt many foreign companies with good track records bided but were not given. Algeria has 13 refineries and its govt managed it all. Check the price of fuel in Nigeria and Algeria to see the result of managing ur critical economy. The only reason why govt can't manage it here is corruption. It's the same people in govt that still sell those companies to themselves and managed it under the guise of private companies. They know they will have higher profit that way. Why did they collapse our refineries to make sure we import every fuel we use? And who are the people importing it since 1999? How long did it take Niger to build its refinery - 3 years ! These ppl know what they're doing 2 Likes 1 Share |
Re: Power Producers Sell ₦294.16 Billion Electricity In Five Months by agabusta: 9:36am On Sep 17, 2020 |
Minjim: We were talking about electricity allocation in view of the recent increase. Not sale of the power companies. |
Re: Power Producers Sell ₦294.16 Billion Electricity In Five Months by Minjim: 9:49am On Sep 17, 2020 |
agabusta: What's the genesis? I was highlighting the negative impact of allowing shrewd capitalist to monopolise the nation's critical services in a striving and underdeveloped economy like ours |
Re: Power Producers Sell ₦294.16 Billion Electricity In Five Months by Minjim: 9:59am On Sep 17, 2020 |
Hakeem12: Moreover, the price we are paying now for darkness is not below cost price. If everyone is metered, trust me, their income will decline |
Re: Power Producers Sell ₦294.16 Billion Electricity In Five Months by maasoap(m): 10:32am On Sep 17, 2020 |
winterfell007: Honest and fair? Take those words back. Those companies who had superior technical know how and adequate financial muscle didn't win the bids. Most of the companies who that won paid prices that were far below the values of the assets. You may want to read about that |
Re: Power Producers Sell ₦294.16 Billion Electricity In Five Months by ebbo(m): 10:46am On Sep 17, 2020 |
TooNoisy: Na wawo for u oh, government is shameless abi discos(privately own company) are the shameless people here. |
Re: Power Producers Sell ₦294.16 Billion Electricity In Five Months by DEROX: 12:01pm On Sep 17, 2020 |
No wonder otedola is cashing out too much |
Re: Power Producers Sell ₦294.16 Billion Electricity In Five Months by IMAliyu(m): 12:56pm On Sep 17, 2020 |
"Electricity generation companies in the country sold electricity worth N294.16bn in the first five months of this year to the Nigeria Bulk Electricity Trading Plc. The government-owned NBET buys electricity in bulk from Gencos through Power Purchase Agreements and sells through vesting contracts to the distribution companies, which then supply it to the consumers." Why is the government involved as a middle man between the producers and the distributors which are both privatized entities? The government continues to under pay the producers aswell. Shouldn't they just deal directly and cut the unnecessary middle man the government? |
Re: Power Producers Sell ₦294.16 Billion Electricity In Five Months by NedvedGraphix(m): 2:20pm On Sep 17, 2020 |
fitzmayowa: I no know about your area but we dey get 22 hours of power supply in my area... sometimes, there will be light for several days without interruption |
Re: Power Producers Sell ₦294.16 Billion Electricity In Five Months by fitzmayowa: 2:24pm On Sep 17, 2020 |
NedvedGraphix: You can't compare your area with the rest of Nigeria..... |
Re: Power Producers Sell ₦294.16 Billion Electricity In Five Months by tillo4real(m): 8:47pm On Sep 17, 2020 |
after they have rob us finished God we punish I Una generation |
Re: Power Producers Sell ₦294.16 Billion Electricity In Five Months by Kingspin(m): 9:52pm On Sep 17, 2020 |
No power improvement, no meter Yet the price went up. If this is not a useless government I wonder what it is You want to service loans for politicians |
Yar’adua Declares War On Militants / Power Sabotage: Jonathan Sacks PHCN Boss, Others / 4 Foreigners Arrested For Attempting To Vandalise Pipeline
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 27 |