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Nairaland Forum / Nairaland / General / Politics / Why Is Electricity Generation In Nigeria Rocket Science (389 Views)
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Re: Why Is Electricity Generation In Nigeria Rocket Science by jmoore(m): 12:01pm On Jul 08, 2023 |
nairalanda1: Egypt was paying fuel subsidies when they built new power plants. Egypt is still paying fuel subsidies. CORRUPTION is the problem, not subsidy. |
Re: Why Is Electricity Generation In Nigeria Rocket Science by nairalanda1(m): 12:02pm On Jul 08, 2023 |
jmoore: Egyp also has a diversified economy. Nigerian economy is a one trick pony Also Egypt removed subsides because they realised that profits are needed for smooth running of the sector We built ten power stations with subsidy on power and we ended up with issues because the subsidy meant no profit for fixing distribution and further increasing generation |
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