subsidywise18:
We get what we pay for.

Pay poorly for power, get poor power.

iwaeda:


With all the promises of APC, Buhari, Fashola, the science rocket and the new minister, we have not crossed 5000MW threshold

subsidywise18:
We get what we pay for.

Pay poorly for power, get poor power.

subsidywise18:


Power has been in private hands since 2013.

The problem is that the tarrifs are not set by the power companies, they are set by government, and kept below the cost of production to keep people like you happy.(I say this because anytime I suggest that power companies charge the tarrifs they should charge, APC and PDP supporters come and tell me stories about Nigerians being too poor for that)

Also, people like you don't pay your bills.(Because, as one funny APC supporter told me, Nigerians are too poor. Or something)

You can blast APC rightly, as I do because ultimately it is all their fault, but not in the way you think it is. APC should either let the power companies charge the tarrifs they want to charge...so that they can make a profit to fix things....or force another loan.

Buhari is a failure, we are quibbling about the how here.

inoki247:




You people should rest jarey everybody in Nigeria start to dey pay 1m as there electricity bill...


Electricity go still worst....

Esseite:


Hmm

subsidywise18:


It's the truth.

We have been blasting all the governments for poor power supply for donkey years, when the reality is we don't pay the kind of money to have 24 hour power. (Unless you live in a A band area).

We should face that truth, or else the same issue will face us whatever the party in charge.

The implication of this is that those who generate power are bleeding money. According to Joy Ogaji, executive secretary, Association of Power Generation Companies (APGC), debts to GenCos, acknowledged by the Nigerian Bulk Electricity Trading Company (NBET), are over N500 billion, but in their books it has risen to over N1 trillion when stranded power, DisCos are unable to take, is included.

Due to the inability of the market to generate enough revenue to cover the cost of producing power, NBET began paying GenCos only for energy DisCos is willing to take, though the power purchase agreement signed by DisCos obligates them to pay for both energy and capacity, Ogaji said.

GenCos are in dire financial strait over poor remittance by DisCos, she also said. The situation is worsened because GenCos are compelled to bill for only power requested by the DisCos rather than how much power they can generate (capacity).

However, the Nigerian Electricity Regulatory Commission (NERC), which regulates the sector, approved an eligible customer provision in 2018 to allow GenCos sell power directly to customers with capacity for large-scale energy use. But putting the regulation to work has been problematic

subsidywise18:


Power has been in private hands since 2013.

The problem is that the tarrifs are not set by the power companies, they are set by government, and kept below the cost of production to keep people like you happy.(I say this because anytime I suggest that power companies charge the tarrifs they should charge, APC and PDP supporters come and tell me stories about Nigerians being too poor for that)

Also, people like you don't pay your bills.(Because, as one funny APC supporter told me, Nigerians are too poor. Or something)

You can blast APC rightly, as I do because ultimately it is all their fault, but not in the way you think it is. APC should either let the power companies charge the tarrifs they want to charge...so that they can make a profit to fix things....or force another loan.

Buhari is a failure, we are quibbling about the how here.

subsidywise18:


Yeah I know, we give them money they chop it.

Yet when GSM came, you Nigerians gave them huge sums of money in the name of SIM cards (sometimes as much as N10000 for one SIM) and they took your money and the service was very poor (at one time you could not use MTN to call ECONET, and even NITEL lines....that's the genesis of Nigerians having more than one GSM line).....but the money made was invested in the GSM infrastructure that makes things like home internet available...which is why I can type this from my flat.

At the end of the day, if you don't pay for a service, you won't get it. Ye can pretend that we pay the power companies enough, but we don't. And that's why we always have had bad power, even during the days of NEPA. (Yes, many Nigerians were not paying their bills back then, as were government and private officies)

Ye can abuse me, but pay poorly, get poor service. We even have to buy our poles and transformers, because what we pay the power sector is not enough for them to buy such things for us.

Esseite:


There is no subsidy on electricity.... we are suffering incompetense.

inoki247:



Lol you people should keep looking for excuses so I'm supposed to be the one to be paying for the infrastructure of the electricity You just saying if I want to patronize a Tailor or Capenter na me go pay for him tools nd shop rent....


Transformers go spoil na me go pay for maintenance someone will come nd steal cable inside Transformer na me go still pay...

I'm sure if we check the bill dey give us monthly there's is always maintenance fee added to the bill apart from the electricity I use so what else du u want I pay for maintenance pay Vat on electricity Still u can't use all diz to upgrade ur system....

iwaeda:


You people reason with your noise. For your info, I used pre paid and load as low as N50k
Discos were to provide meters; 9 years after 75% are not metered. Go to Ijora and see where they kept meters, but corruption of staff who preferred carrying ladders and collect bribe money will not allow for metering.
If people are metered loss of revenue will be reduced, what has APC done differently right

Ttalk:


You are bloody lair or maybe you are just ignorant of what you are saying
.
Show document to support government fix power price.

At what level do you claim government fix price. At generation or distribution level?

I think social media is really making Nigerian youth lazy and it has turned everyone to lair who just go online to make an unverified claim

subsidywise18:


So because you pay well for power, therefore everyone is paying well for power.

Okay.

iwaeda:

If they meter everyone sir and it will reduce wastage, People on estimated can afford to leave on their lighting systems, but pre paid will teach you sense.

Ttalk:


Am calling you out lazy youth, provide prove government fix electricity price. Why you suddenly go dumb

subsidywise18:


LOL...there is.

In 2019, Moghalu stated that power cost N53 per kwh, at which time we were paying N20-30 per kwh market price

PwC issued a report on liquidity in the power sector in 2018 where they put the actual tarrif then at N83

Even then, there is a shortfall because a significant percentage of people are not paying for power.

Also, the subsidy removal that the government did was recent. Meaning it has always been there

I know you are a PDP man, and I agree APC has been seriously incompetent. But the truth is, the problem in the power sector has been that PDP and APC governments and Nigerians have not let it make the money it needs to pay for improvements...because Nigerians are poor, or something.

subsidywise18:


Metering everyone is welcome. I back it.

Then there is the problem of people bypassing the meter, which happens, and which is a serious problem

So,not the solution you think it is.