tekjansen2:


1.The interest of any business is to make money. Any service they provide is to reach that end.

2.Would YOU support government telling YOU how YOU should set YOUR prices if YOU were a business owner?

3.It is because government sets the prices that power companies do not have enough money to fix things, or repair things. Because government prices are below what it costs them to produce power. And when that happens, they lose money. GENCOS and DISCOS are losing money because bad government policy.

4.I refer you to the paper 'Solving the liquidity crunch in the power sector' written by PwC. Google for it. Below is a page from the report summarizing the findings.

5.Again, would YOU allow government control your pricing if you were a businessman?

PDP's mistake was forcing the power sector to a pricing arrangement that forced it to operate at a loss.



All that expansion works for nothing if government is still setting the price of petrol.

It costs, right now, more than N300 to produce one liter of fuel. If the sector is not allowed to sell it at a profit, then it would be unable to expand, or to do anything right

That's why I asked about subsidy. Subsidy is a big reason why we don't have enough refining capacity...because forcing people to sell petrol at a loss means no profit to fix things.

Again, it seems like you support price controls. Countries that do that fail.

Iran has subsidies, and huge budget deficits. Venezuela too, and Venezuela has lost most of its refining capacity from selling fuel at the equivalent of N40 per liter....

No matter how much expansion you do...so long as subsides are there, so long as we sell something that should cost N300 and above at N162, with all the corruption inherent in it...all that expansion would come to naught or be impossible.

Dangote's refinery is funded with private loans, not government money.



Lagos is still dirty though...as is most of Nigeria (That's another issue).

But to be honest, 600 BILLION monthly is not enough revenue for Lagos town, talkless state. Lagos needs far far more money than that. And nationally, 30% of taxable Nigerians pay taxes. Most don't.

Like I told you earlier, no responsible government will leave pricing of power entirely to private sector. There must be some regulatory control. Labour and opposition movement will burn down the country if subsidies are completely eliminated.

Again, the income level in Nigeria is too low to allow citizens pay actual value for power services. A gradual reduction like government is doing in the power sector is still the best approach.

On Lagos being dirty, very true but I’m sure you did not know Lagos before 1999. There was a dump site on every single street with everywhere smelling. It was Tinubu that fixed the problem with the introduction of LAWMA and PSP. Again, the LAWMA and PSP initiative of Tinubu has been replicated in FCT and so many other states.

Lagos is still dirty but it is no longer what it used to be. Lots of work still need to be done by successive governments.

On revenue, Lagos state can only keep expanding the tax net to bring more people into the system. So many Lagosians are still not paying tax. If you want taxes increased just to generate more revenue, people will revolt. Again, you must understand that we operate a federal structure where most of the corporate taxes goes into the federation account. Maybe if the Supreme Court judgement on VAT goes in favour of state governments, Lagos state revenue can improve significantly.

seunmsg:


Like I told you earlier, no responsible government will leave pricing of power entirely to private sector. There must be some regulatory control. Labour and opposition movement will burn down the country if subsidies are completely eliminated.

So, all of you should stop complaining about the bad power you have then. And I am not being sarcastic.

We have a working GSM sector because the GSM sector was allowed to charge crazy prices for their services...which enabled them to earn crazy profits...to build the infrastructure that supports my being able to use the internet from almost anywhere...compared to 19 years ago when I had to go find an internet cafe to browse, and also make international calls, when 38 years ago, to make international call, you had to go to a phone exchange to do so.

We have bad power because we don't pay the kind of money we need to get 24 hour power. Countries that have 24 hour power also have poor people and rising cost of living. Yet they have power because they pay for it. Not because they pay below the cost of prodcution

Labour should face reality. Unless you have 30 billion dollars lying around somewhere...apart from our budget and forex...or unless you have imaginary money...or want us to take more loans.....money for fixing power has to come from our pockets. Same as GSM was fixed.

At the end of the day, power has to be run as a business , not at a loss. And we have thrown away billions in subsidies on power...and nothing has improved.

Again, the income level in Nigeria is too low to allow citizens pay actual value for power services. A gradual reduction like government is doing in the power sector is still the best approach.

So, what if you were selling shoes at N40000 a pair and I came and said to you

'The income level in Nigeria is too low to allow citizens to pay actual value for your shoes, therefore you must sell shoes at N5000 a pair?

Where would you get your money to pay the manufacturer, supplier, and transporter of the shoes from? From your imaginary pot of gold naira notes (apologies for being caustic)?

Same for power. Where are the power companies going to get money to pay the GENCOS, the Transmission comapnies, and for things like improvements? And worker welfare...especially as they employ workers with families and dependents...how would they be able to, for example, provide increases in salary, staff welfare, employ more staff? And the power supply infrastructure needs improvement too>

If you keep hiding behind poverty....you won't get things done. And you will drive out investment. Either we pay for servicies so that they can run well, or we don't.

Or are you going to start refusing to pay for foodstuffs, or refuse to pay the carpenter or mechanic who does some work for you 'because we Nigerians are too poor to pay full value for service'? Do the people who make equipment for power supply, or the people who install and build it deserve to be underpaid because 'Nigerians are too poor to pay full value for service'? Would you take half salary because 'Nigerians are too poor to pay full value for service'.?(or pay no tax if you work as a civil servant?)

Let's face reality. THINGS COST MONEY. And we cannot pretend they do not. And Lord knows, as the leftist I am at heart, how much that hurts me.

On Lagos being dirty, very true but I’m sure you did not know Lagos before 1999. There was a dump site on every single street with everywhere smelling. It was Tinubu that fixed the problem with the introduction of LAWMA and PSP. Again, the LAWMA and PSP initiative of Tinubu has been replicated in FCT and so many other states.

Lagos is still dirty but it is no longer what it used to be. Lots of work still need to be done by successive governments.

On revenue, Lagos state can only keep expanding the tax net to bring more people into the system. So many Lagosians are still not paying tax. If you want taxes increased just to generate more revenue, people will revolt. Again, you must understand that we operate a federal structure where most of the corporate taxes goes into the federation account. Maybe if the Supreme Court judgement on VAT goes in favour of state governments, Lagos state revenue can improve significantly.

Lagos needs far more money than it earns right now...not just the state, the city too. And if Tinubu, and in fairness our other PDP contenders and other party contenders don't face that reality, we won't get there

Plus VAT won't solve the problem. There remains the problem that most people don't pay INCOME TAX...to the state and federal government. We all rely on oil...which is why I am pissed with PDP and APC....they have no comprehensive plan to get us off oil...and after over 20 years of democracy, our budget is still pegged to oil.

And oil prices are going to fall....forget this spat between Ukraine and Russia...and where will we be?

Same name age origin he used to win his seat a senator even before 1999.

Many of you Igbos are cursed beyond redemption with chronic bigotry and an irredeemable level foolishness. It is with that foolishness you will perish if it it not what will kill you.

gidgiddy:



Tinubu is the only Presidential aspirant whose age, name and origins are all in doubt.

In most advanced democracies, this would make a man unelectable

West1side:
Same name age origin he used to win his seat a senator even before 1999.

Many of you Igbos are cursed beyond redemption with chronic bigotry and an irredeemable level foolishness. It is with that foolishness you will perish if it it not what will kill you.

By the way, did Tinubu need diapers before or after he won that elections in 1999?

Tell your useless Jagaban that we Igbos are not going to welcome his fake campaign in Igboland that is as fake as his brown teeth

tekjansen2:


In other words, it's all about getting into power, not getting things fixed.

As can be said for all the candidates that have what it takes to win a Nigerian election, unfortunately.

Tinubu is only going there to embezzle wealth for his unborn Children to come.

Dsalvo:



OP you are a mischief-maker and another annoying troll. If not then the part in bold would be "state why you support Tinubu and why you don't ".

Instead your demand makes it obvious you want your tread to only entertain the voices of those who hate Tinubu and believe he is not "electable".

I don't know why some of you Nigerians love deception as if second nature to you. "Those of us that are not moved by tribal sentiments" my ass.

You just created a thread for haters of Tinubu, which you likely are, and you're forming objective and detribalized. Joker.

subtile....

gidgiddy:


By the way, did Tinubu need diapers before or after he won that elections in 1999?

Tell your useless Jagaban that we Igbos are not going to welcome his fake campaign in Igboland that is as fake as his brown teeth

Lol. What concerns a diehard IPOB captain like you with who becomes President of the "Zoo".

Thank God I am Yoruba. It must be terrible for anyone to be as confused and as unprincipled as you guys are.

seunmsg:


Tinubu is 70 years so his age is not in doubt. Tinubu is a Lagosian who originated from Iragbiji in the present Osun state. He belongs to the Yoruba ethnic group so is origin is not in doubt. His full name his Bola Ahmed Tinubu. Before politics, he worked in some of the best companies in the world. Arthur Andersen, GTE, Deloitte, Mobil etc. These are companies that do very serious background checks before employing anybody. If they found anything in doubt about Tinubu’s records, they wouldn’t have employed him.

Hehehehehe.....see epistle o, hian!
Who told u they don't want ABAT bcus of (d lack of) any of these sterling qualities u outlined biko, ehn?

Know this and know peace, ABAT will NEVER sell in their ears bcus he doesn't possess d greatest quality valued by them>>>> His tribe.


Dassol!

gidgiddy:



Tinubu is the only Presidential aspirant whose age, name and origins are all in doubt.

In most advanced democracies, this would make a man unelectable

Are you sure that this Tinubu is the real tinubu.