Iceberg3:

What are you talking about,can't you guys post clearly and plainly for people to understand?

nairalanda1:


Because equipment, salaries, taxes, etc also have to be paid for, as well as improvements. All those cost money.. and all these too have risen in costs.

Again, I am happy that you are concerned about the poor. In my mind, things should be cheaper, but at the end of the day, things cost money. Sad, but it is the fact we have to live with.

Leboska:
Where is Fashola former minister of darkness

dacool1:


Kindly point out any of these cost that has risen by 1000% to justify same increase in the final cost

Olaide1295:
Privatisation was not properly done.
The TCN which is a major player is still owned by the government and run inefficiently.
The major problem however, is that the market is not allowed to dictate the prices that electricity is traded at.

happney65:


Yes,they should set their own prices.

However when they set their prices,they know they are the ones to fix transformers,power lines and availability of prepaid metres. We are not the ones to be doing anything related to electricity again except paying for it. And paying for it means we are getting 247 electricity.

If they can do that. No matter the amount they charge, we shall pay.

If they want to do like the GSM sector which is the right way,they have to do everything included

nairalanda1:


They have. All of them. Costs of things have gone up.

It is sad, but we are not the masters of our fate here.

dacool1:


I agree there has been significant increase in prices but not enough to trigger 1000% rise in cost of subsidy.

When they are done milking the coffers through this subsidy, they will remove it and introduce paliatives for imaginary people.

dacool1:


Kindly point out any of these cost that has risen by 1000% to justify same increase in the final cost

freemanq:
Power sector in Nigeria is held by demonic forces Nigerians

Bluntemperor:


Don't mind the guy above you,as many would talk, without telling us anything- just imagine the Nonsense he is saying ' High Costs! Please blame the Toois instead!
•Or may be he is in the DISCOS bracket of workers that are always bound to tell Nigerians-this bullshit of Excuses and Non- performance!
Can you just imagine - let that guy give us the No of the New Transformers that have been purchased by e.g Ikeja and Eko DISCOS - since they took over from NEPA, but here he is chewing his words,as if Ghana has not moved to Supply Steady Lights ( 365- Days),Non -Stop.They even celebrated it more than a Decade ago( over 10- years of) un- interrupted Power Supply!
•But here somebody is defending Huge Corruption, Laziness, and lack of Foresight and inability to think outside the Box!
•While DISCOS are given Darkness in Nigeria, America,Ghana,etc are given Steady Lights every day ( day and night)! No wander many Companies are saying ' Ghana have a suitable Economic Policy' for Businesses to grow ! e g where are the Michelin Tyres,the Dunlop Tyres industry?
•Nigerians are in Perpetual Darkness for we allowed these DISCOS - to rub us on our face,they still charged us the darkness through the Estimated Billings - which is being condoned by •Our National Assembly Members ( Senators and House of Reps).
You sane Nigerians now wants to know how- Ajaokuta Steel and others wants to get Industilisation in Nigeria.
A very Big Shameful entity and their Corrupt Workers!
•Attention - President Tinubu On DISCOS Failures!

nairalanda1:



Which is why they have to be allowed to fix their prices like the GSM sector, so that they can afford to do all the things you say they should do.

At the moment they cannot. And subsides don't cover for things like rise in cost of production very well. (A lesson far too many communist countries learned too late).

gabbasin:
One of the problem impeding the growth of the power sector is tariff regulation by government, the federal government should compel the discos to meter all consumers and they should be allowed to fix their tariffs. These will enable investment in the power sector as the return on investment will be guaranteed with cost effective tariffs unlike when FG dictate the tariffs

ogododo:



https://punchng.com/nigerians-groan-in-darkness-despite-power-sector-privatisation-n7tn-investments/

PoliteActivist:

*Politeness*
Then how will these people survive:
Importers and sellers of generators, inverters, batteries,, solar panels, and all the repair and other industries attached to them??
So it's not as easy as it seems.
(I'm only being tongue-in-cheek. But some powerful interests don't want constant electricity)

happney65:


They will go find another job to do. Availability of electricity is for the greater good and not for so and so.

There is no big deal in we having electricity they don't want to leave it yet make them also chop for there.

It was like this too in telecommunications. Nitel staff made a killing for giving us nothing. It was only the rich or upper middle class then that could afford a telephone. People used to come to our house to receive calls on our landline because not many people had phones at home then. With days or weeks of telephone outage then.

Until the right thing was done and here we are told.

Nitel folded up and we are better off today ain't we?

So they should do the right thing and are better

Leboska:
Where is Fashola former minister of darkness

nairalanda1:
Basic problem with power supply is simply solved by letting them SET THEIR OWN PRICES.

Like the GSM sector, like the food sector, like the hotel sector...SET THEIR OWN PRICES.

Modifed

The reason why the GSM sector hasn't crashed is because they can set their prices freely. Our power sector is hobbled by excessive subsidised prices, which hamper profit making, promote an ethos of sabotage, and looting, and essentially lead to power loss and bad power supply.

It has been said tons and tons of times by many people, that while keeping the prices of things low is good for the poor....at the end, the ability of service providers to continue supplying things is going to be dependent on profit making ability...and therein lies the problem

.
I would love it if our government could force the price of rice to be sold below N2000 per 50 kg bag today.

.The problem is, that means a subsidy of at least 38000 naira per bag. Based on the volume of rice in this country, that would slam our budget badly and seriously.

The truth is, no subsidy is sustainable, and it is a pity that all governments, millitary, APC and PDP, can't see that.

.But then again, what can one do.? The USSR subsidised a lot of things. It helped a lot of people certainly, but it also led to the collapse of the USSR itself.

.
Let people be free to set their prices. You will be surprised at the amount of work that would get done.

I mean, one cannot say that we privatize power, and yet 1) the government is still telling private power companies to set prices below production cost per kwh 2) acting to freeze prices for 2 years...under Buhari...while other costs are rising..disaster results. 3. Pretend that the answer is making the states create more power stations, while at the same time controlling prices. It may help the poor, but it also means no profit to expand power supply and generation.4) doing nothing about power theft...which is a big problem


You can abuse me, and call me names, but at the end, if I tried to price a bag of rice at N1000 and tell the rice seller that I have to buy rice at that cost because I am poor and you need to help the poor, the rice seller is going to curse me well well. N1000 won't pay his costs at all in bringing the rice to market.

hkidola00:
lolz you talikin about distribution and not generation,generation of elect is the main thing

Godjone:

Tinubu has come. The economy has gone. No fuel, no food, no road , no SECURITY, everything is destroyed by Buhari and tinubu. All the supporters of these evil men, may you all sleep and die in your miserable sleep amen

gabbasin:
when there's cost reflective tariff by the discos it will draw investment that will impact on all the sectors. The generation, transmission and distribution. The more profitable the business, the more investment it will attract to all the sectors.

bentenny:
A bill has been signed into law giving states the power and authorisation to generate,transmit and distribute electricity both in areas covered by the national grid and areas not covered by the national grid!
States in the SS and SE should be at the forefront to ensure electricity is provided in their domain due to the availability of gas and coal in those states!

omohayek:

All of this irrelevant, as long as the price controls on electricity charges aren't eliminated. Having coal or gas in your state doesn't magically abolish the laws of economics: as long as electricity is sold for less than it costs to produce, there will be zero incentive to provide it, and zero profits that can be channelled into infrastructure upkeep, let alone to invest in improvements.

Nairalanders can bleat about "Fashola" or "corruption" to their heart's content, but the reason why Nigeria's electricity supply has stagnated for more than 30 years is the same one why a nation which has been in OPEC for 50 years has no working government-run refineries: Nigerians repeatedly refuse to accept the true price of what things cost to produce.

bentenny:

The present way of supplying electricity will ensure that only few states and Abuja might likely achieve close to 18 hours power supply!

When electricity generation, transmission and distribution is decentralized to states,its an opportunity to ensure electricity is concentrated at the states not through a national grid!
This will first reduce transmission lines cost and ensure concentration on providing power to states by the state government!
Once there is constant electricity in those states while the maintenance and repair of their equipments is in their purview,consumers will pay for whatever is asked!
But if the electricity is not even close to inconsistent,how do you expect consumers to pay for services they don't get?

nairalanda1:
Basic problem with power supply is simply solved by letting them SET THEIR OWN PRICES.

The truth is, no subsidy is sustainable, and it is a pity that all governments, millitary, APC and PDP, can't see that. But then again, what can one do.? The USSR subsidised a lot of things. It helped a lot of people certainly, but it also led to the collapse of the USSR itself.