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Nairaland Forum / Nairaland / General / Politics / GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis (9628 Views)
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GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by divinehand2003(m): 6:50am On Aug 18, 2022 |
Power generation and distribution companies owe Nigerian banks N836.09bn amid the lingering problems plaguing the sector since it was privatised over eight years ago. https://punchng.com/gencos-discos-owe-banks-n836bn-amid-crisis/
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Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by divinehand2003(m): 6:51am On Aug 18, 2022 |
Almost N1 trillion. How many centuries will it take to pay this debt? 11 Likes 2 Shares |
Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by hisexcellency34: 6:52am On Aug 18, 2022 |
Useless people. What are they doing with all the crazy bills they are charging Nigerians? 46 Likes 3 Shares |
Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by Nobody: 6:56am On Aug 18, 2022 |
For real? 1 Like |
Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by kingsways: 7:33am On Aug 18, 2022 |
This a mega, long term business these GENCOs and DISCOs are running. They have the potential to generate huge revenues. Their problem is poor quality of their management. They should dilute ownership. They should go to the stock market, sell shares and raise the long term capital that is required to build capacity, necessary infrastructure, and provide quality service. You cant rely on short term bank loans to finance long term infrastructure, it doesn't work. These companies should man their Treasury and Finance Departments with world class professionals. I will take this free consultancy as my CSR but I'm not ever gonna consult for these people for free again 24 Likes 3 Shares |
Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by harmargedon: 7:34am On Aug 18, 2022 |
That's what happens when you have thieves as bosses that live extravagant lifestyles. Do you know how much they make from individuals and industries monthly, yet they can't settle their bills. 18 Likes 2 Shares |
Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by Wintertime: 7:34am On Aug 18, 2022 |
Okay |
Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by KUNZEH(m): 7:34am On Aug 18, 2022 |
Na dem sabi |
Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by stazaa: 7:35am On Aug 18, 2022 |
Tinubu is a Bast @rd |
Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by solpat(m): 7:35am On Aug 18, 2022 |
Just imagine I think say dem dey sell give neighboring countries to generate revenue Craze people |
Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by Coldfeets: 7:35am On Aug 18, 2022 |
I don't care. |
Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by adimad: 7:35am On Aug 18, 2022 |
What a very useless country |
Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by R2bees2: 7:36am On Aug 18, 2022 |
Long talk... Just give us light |
Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by chloride6: 7:36am On Aug 18, 2022 |
The CBN will soon bridge this gap…again 1 Like |
Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by SenecaTheYonger: 7:36am On Aug 18, 2022 |
I guess that why Emefule or whatever his name is, has been printing Naira endlessly 1 Like 1 Share |
Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by bcomputer101: 7:36am On Aug 18, 2022 |
Everything is this country is upside down 2 Likes 1 Share |
Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by Minjim: 7:36am On Aug 18, 2022 |
Where are the money we are paying these Discos going to? All the outrageous bills they compelled us to pay 3 Likes 1 Share |
Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by anonimi: 7:36am On Aug 18, 2022 |
divinehand2003: Where is that loudmouth Fashola who failed woefully to deliver his promise after Nigerians listened to his advice and made Theifnuibu's Bubu president of APC? Did a cat get his tongue 3 Likes 1 Share
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Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by bigdammyj: 7:37am On Aug 18, 2022 |
Noted. |
Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by Ola4lead(m): 7:37am On Aug 18, 2022 |
Since their loan is almost getting close, make the banks try to take over from them. Seems bank managing our power sector might be a better option for Nigerian to see constant light 2 Likes 1 Share |
Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by nanauju(f): 7:37am On Aug 18, 2022 |
Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by inoki247: 7:40am On Aug 18, 2022 |
And dey are disturbing me that owe dem 300k + well I don disconnect myself from dem since last year.... You go dey bring person estimated bill still expect me to pay all after paying what I can afford you will come nd pack my wire.... 4 Likes 1 Share |
Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by Gbeng30(m): 7:40am On Aug 18, 2022 |
They should just sell this country... Because I don't understand what is going on in this country anymore 2 Likes 1 Share |
Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by Backflooper: 7:40am On Aug 18, 2022 |
T |
Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by oghalebros(m): 7:40am On Aug 18, 2022 |
With all those estimated billings |
Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by OyeofIkoTuN(m): 7:42am On Aug 18, 2022 |
Peter Obi bank... |
Re: GENCOs, DISCOs Owe Banks N836 Billion Amid Crisis by NGArmyTerrorist: 7:42am On Aug 18, 2022 |
Biafra Restoration is the only solution! This debt can't be paid not in the next 7yrs or 12yrs.. Argue with your keyboard! |
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