National Electricity Greed.

As always
I wonder when we will get it right in this cointry

Nigeria will NEVER fail to disgrace you

Nigeria is such a backward country.

The world is embracing decentralized and smart energy system. But this stupid country is still struggling with power generation and transmission problems.

Minister for power is even a Barrister Engineer

This is what happens when you centralize everything.

Shior. There is always a system collapse. System wey never work before.

Lazycapitalist2:
The problem is

1.The grid is out of date and needs fixing

2.The Trnasmission company of Nigeria is dependent on funds raised by the DISCOS for fixing the grid

3.However, due to the fact that power in Nigeria has been charged at a price below its cost of production, there isn't enough money to fix the grid...and it needs tens of billions of dollars to fix.

4.The way forward is for every house to be metered, and power to be deregulated. Let the DISCOS charge as high as 100 naira per kwh (okay, that's too much tho)...so that they can earn a profit that can be ploughed into fxing the grid and also power generation.

Nigerians should read the PWC report on funding on power in Nigeria. For those who cannot read long story, the summary page is below.


Remeber the GSM....we paid high prices for GSM. We paid as high as 10000 naira for SIM cards alone...if not higher. They earned insane profits...and used those profits to build up our GSM network that provides the basis of our strong IT and telecoms sector.

Let power be deregulated. Then there would be no more system collapse.

Is it not from this grid dey supply neighboring countries power?
Why don't they use the funds gotten from these countries to fix whatever needs to be fixed?
Or is there something I'm not getting right?

Hmm, We nor first get light before, so what is the need of this news..

IBreakRules:


Is it not from this grid dey supply neighboring countries power?
Why don't they use the funds gotten from these countries to fix whatever needs to be fixed?
Or is there something I'm not getting right?

The amount of money we are generating from power is not enough to fund fixing the grid...or anything much.

A few years ago, power cost N53 per kwh ...to make...and it was being sold until last year at N20-30 PER kwh.

Let me repost the image I posted earlier...read the points raised BELOW.

IBreakRules:


Is it not from this grid dey supply neighboring countries power?
Why don't they use the funds gotten from these countries to fix whatever needs to be fixed?
Or is there something I'm not getting right?

Re your 2nd question: Most of those countries are owing us.


Togo, Benin, Niger Owe Nigeria 30 Billion Naira For Electricity
https://www.nairaland.com/5739749/togo-benin-niger-owe-nigeria



Nigeria To Disconnect Niger, Benin Over ₦2.60 Billion Electricity Debt
https://www.nairaland.com/6439162/nigeria-disconnect-niger-benin-over

Lazycapitalist2:
The problem is

1.The grid is out of date and needs fixing

2.The Trnasmission company of Nigeria is dependent on funds raised by the DISCOS for fixing the grid

3.However, due to the fact that power in Nigeria has been charged at a price below its cost of production, there isn't enough money to fix the grid...and it needs tens of billions of dollars to fix.

4.The way forward is for every house to be metered, and power to be deregulated. Let the DISCOS charge as high as 100 naira per kwh (okay, that's too much tho)...so that they can earn a profit that can be ploughed into fxing the grid and also power generation.

Nigerians should read the PWC report on funding on power in Nigeria. For those who cannot read long story, the summary page is below.


Remeber the GSM....we paid high prices for GSM. We paid as high as 10000 naira for SIM cards alone...if not higher. They earned insane profits...and used those profits to build up our GSM network that provides the basis of our strong IT and telecoms sector.

Let power be deregulated. Then there would be no more system collapse.

Another crazy factor is that we use a centralized grid. Every newly created power station has to supply power to the messed up national transmission network that inefficient. Instead of them to let companies and states generate and transmit their own power locally, they have turned power into another Federal character candidate. Pitiful! Nigeria would be 10000× better than dubai today but for those people up north.

duni04:

Another crazy factor is that we use a centralized grid. Every newly created power station has to supply power to the messed up national transmission network that inefficient. Instead of them to let companies and states generate and transmit their own power locally, they have turned power into another Federal character candidate. Pitiful! Nigeria would be 10000× better than dubai today but for those people up north.

Decentralising the grid is not the issue...the issue is, are we ready to

1.Allow the power sector set prices that would enable them to make enough of a profit to among other things fund the grid...decentralised or not?

2. Are we all ready to pay our bills.

3.We generate enough power from gas...are the gas companies ready to accept payment in Naira instead of dollars.?

By the way, stop blaming the North. All the DISCOS are running at a loss...meaning that people in the country ..North and South ....are not paying enough to the DISCOS TO Enable them make a profit to fund the TCN and the GENCOS.

That's the problem with power in the country....we don't pay the power sector the kind of money that enables them to make a profit to keep things running well (unlike GSM...which runs well in part because you cannot use a phone without paying for service first)


Modified

This post does not disagree with the idea of decentralising the grid...after all the DISCOS and GENCOS are examples of decentralisation....rather it focuses on the fact that are we earning enough money to fund a working national grid...decentrailsed or not...in the first place. Read my point one closely...with that understanding.

Lazycapitalist2:


The amount of money we are generating from power is not enough to fund fixing the grid...or anything much.

A few years ago, power cost N53 per kwh ...to make...and it was being sold until last year at N20-30 PER kwh.

Let me repost the image I posted earlier...read the points raised BELOW.

The honest truth is that because of padipadi accounting practises in Nigeria, Discos are using all kinds of criminal methods to make massjve profits and under report what they actually remit from customers. By doing this, they are destroying the entire electricity value chain from the gencos to the customers. Discos use estimated billing in most cases where they are making even 100% over the true cost of the electricity they supply. The same Discos are also very hesitant to roll out the prepaid meters because it will erode their criminal profits. The day we will know the true state of things is the day KPMG or Deloitte will audit our Discos. The regulators know about these practises but because these Discos were sold to politally exposed persons - Jonathan and his friends, there's nothing anyone can do.

Even when the electricity grid never collapsed, the lights here comes 3 hrs in every 3 days.
I no kukuma dey disturb myself.

Sheffdon:
What a structural collapse





When the center can't hold....


It will eventually collapse on Helinuse, the useless UNITY BEGGAR

Cc: helinues

duni04:

The honest truth is that because of padipadi accounting practises in Nigeria, Discos are using all kinds of criminal methods to make massjve profits and under report what they actually remit from customers. By doing this, they are destroying the entire electricity value chain from the gencos to the customers. Discos use estimated billing in most cases where they are making even 100% over the true cost of the electricity they supply. The same Discos are also very hesitant to roll out the prepaid meters because it will erode their criminal profits. The day we will know the true state of things is the day KPMG or Deloitte will audit our Discos. The regulators know about these practises but because these Discos were sold to politally exposed persons - Jonathan and his friends, there's nothing anyone can do.

Well, there are sharp paractices...however, PWC(similar to KPMG and company) has done a report on discos

Can be read here

Lazycapitalist2:
The problem is

1.The grid is out of date and needs fixing

2.The Trnasmission company of Nigeria is dependent on funds raised by the DISCOS for fixing the grid

3.However, due to the fact that power in Nigeria has been charged at a price below its cost of production, there isn't enough money to fix the grid...and it needs tens of billions of dollars to fix.

4.The way forward is for every house to be metered, and power to be deregulated. Let the DISCOS charge as high as 100 naira per kwh (okay, that's too much tho)...so that they can earn a profit that can be ploughed into fxing the grid and also power generation.

Nigerians should read the PWC report on funding on power in Nigeria. For those who cannot read long story, the summary page is below.


Remeber the GSM....we paid high prices for GSM. We paid as high as 10000 naira for SIM cards alone...if not higher. They earned insane profits...and used those profits to build up our GSM network that provides the basis of our strong IT and telecoms sector.

Let power be deregulated. Then there would be no more system collapse.

recently discos charge as high as ~N50 for areas that get an average of 12 hours of light an above, still we are in same mess, just recently did BEDC start installing meters in certain areas where they have mapped.

mokset123:
recently discos charge as high as ~N50 for areas that get an average of 12 hours of light an above, still we are in same mess, just recently did BEDC start installing meters in certain areas where they have mapped.

Yeah, but even at N50, that's still a loss of N3 per kwh...assuming THAT IT STILL costs N53 to make one kwh of power

Also, not everywhere gets 12 hours of power...that's the exception rather than the norm

ok

Do the north pay the same high electricity tariffs as the south?I doubt it.

For about 96 hours now no electricity supply to mainly Christian Areas in KADUNA TOWN

The only thing that hasn't collapsed in Nigeria is kidnapping, banditry and bad governance.

Every time? No wonder light no de sef

Joysticks:
Do the north pay the same high electricity tariffs as the south?I doubt it.

They all ..both North and SOuth pay the same type of tarrifs....and the Northern discos suffer the same losses as the Southern discos.

Power pricing in Nigeria is kind of uniform.

Modified...See below. Eko disco is the lowest...and some pay higher than others.

Again

Shebi under the Obasanjo administration, billions of dollars was sunk into the power project, but few selfish and greedy individuals looted the money and used it to amass stupendous wealth for themselves and their families while we suffer the consequences. The average mindeset of a typical Nigerians is: "I don't care who has to suffer because of my actions, let me enrich myself and my family members so we won't suffer, everyone else can go to blazes". That is the mindset of a typical Nigerian.

Romanoff:
Only God knows how many times that grid has collapsed this year.

Nigerians are very funny forks! They have become Indomie Generation- learning little forgetting everything!
Is this Off and On the way to get Industrialization into Nigeria ?
Genco and Discos are also not functional, claiming Systems Collapse-- no Service for millions of Nigerians.
During President Jonathan, Nigerians got the shock of their lives as Professional and competent Companies like General Electrics of USA, Siemens of France were substituted for locals Politicians disguising as Engineers.Just imagine Bank MDs becoming Discos controller.Everyday and on monthly basis there is always breaking down of NEPA- acquired facilities. Mr Fashola's attention was drawn into this multifaceted problems but he claimed that the contracts have been signed and there would be litigations everywhere if they tampered with the agreement! eh,so Nigerians should continue to wallow in-- no light,more payments for Darkness, for the rest of their lives? I am ashamed of the evil going on! At this stage- there is collaboration between the Generator Importers- the Petrol Sellers and the Genco and Discos.
Too Shameful!!!!!

Bluntemperor:


Nigerians are very funny forks! They have become Indomie Generation- learning little forgetting everything!
Is this Off and On the way to get Industrialization into Nigeria ?
Genco and Discos are also not functional, claiming Systems Collapse-- no Service for millions of Nigerians.
During President Jonathan, Nigerians got the shock of their lives as Professional and competent Companies like General Electrics of USA, Siemens of France were substituted for locals Politicians disguising as Engineers.Just imagine Bank MDs becoming Discos controller.Everyday and on monthly basis there is always breaking down of NEPA- acquired facilities. Mr Fashola's attention was drawn into this multifaceted problems but he claimed that the contracts have been signed and there would be litigations everywhere if they tampered with the agreement! eh,so Nigerians should continue to wallow in-- no light,more payments for Darkness, for the rest of their lives? I am ashamed of the evil going on! At this stage- there is collaboration between the Generator Importers- the Petrol Sellers and the Genco and Discos.
Too Shameful!!!!!

Not to defend Jonathan, but I suspect (no proof, tho) that GE, and company pulled out because of the fact that government was still setting the prices for the DISCOS AND GENCOS under the privatisation regime.

(Whereas under GSM, it was the companies who set the prices from the word go...not NCC or Minsitry of communications.)

Siemens is still involved in some generation projects in the country, by the way.

At the end of the day, all of Jona's cronies have lost money running the discos and gencos. One disco has withdrawn, declaring force maejure.

...and buhari's legacy continues.

This should the third time it's collapsing this year alone.

#DivideNigeria

We regret to inform you that the power outage currently being experienced across our franchise- Kaduna, Sokoto, Kebbi and Zamfara states- is as a result of the collapse of the national grid.

Tell the people the truth that BOKOHARAM, the TERRORIST group that you sponsored and nurtured bombed the sh*t out of your electrical grid.