Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,156,842 members, 7,831,727 topics. Date: Saturday, 18 May 2024 at 04:21 AM

Why Is Electricity Generation In Nigeria Rocket Science - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Why Is Electricity Generation In Nigeria Rocket Science (389 Views)

Why There Is Drop In Electricity Generation - FG / Exchange Between Sowore And Atiku's Spokesman Over Electricity Generation / What Is Electricity Supply In Your Neighborhood Like? (2) (3) (4)

(1) (2) (Reply)

Re: Why Is Electricity Generation In Nigeria Rocket Science by jmoore(m): 12:01pm On Jul 08, 2023
nairalanda1:


At the end the money government would have invested was being spent on subsides

You see why some of us didn't like the thing called subsidy

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:


Egypt was paying fuel subsidies when they built new power plants. Egypt is still paying fuel subsidies.



CORRUPTION is the problem, not subsidy.

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

(1) (2) (Reply)

Who Advised Bola Tinubu On Renaming Airports? / Invalid Nomination: What Is Tinubu's Response To Apm's Petition? / The Tinubu Ministerial List Is Out See The 28 Senate Nominees

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 7
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.