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Nairaland Forum / Nairaland / General / Politics / Power Supply Fails To Improve 10 Years After Privatization (7070 Views)
The Real Motive Behind Buhari's Privatization Of The NNPC / How Atiku Looted Nigeria Through The Privatization Program / It Will Be Disastrous, If PDP Fails To Give Me The Ticket~ Alhaji Atiku Abubakar (2) (3) (4)
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Power Supply Fails To Improve 10 Years After Privatization by iwaeda: 9:27am On Jan 02 |
THE year 2023 marked the tenth-year anniversary of the partial privatization of the power sector in which the Federal Government handed over to the private sector its 60 per cent stakes in 11 electricity distribution companies, sold or concessioned seven power generation plants and retained full ownership of the transmission company. https://www.vanguardngr.com/2024/01/power-supply-fails-to-improve-10-years-after-privatization/amp/
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Re: Power Supply Fails To Improve 10 Years After Privatization by tsdarkside(m): 9:55am On Jan 02 |
look the hugh amounts they are throwin around with no tangible results.... nawa for you nigerians.... privatization was a hugh mistake.... it cant work with people that go crazy when they hear anything money.... 21 Likes 2 Shares |
Re: Power Supply Fails To Improve 10 Years After Privatization by hisexcellency34: 9:56am On Jan 02 |
You think the cabals behind generators and plants will want it to improve? If the president wants it to improve, he knows what to do 7 Likes |
Re: Power Supply Fails To Improve 10 Years After Privatization by tsdarkside(m): 9:58am On Jan 02 |
hisexcellency34: forget patriotism with nigerians when it comes to money.... i knew it was a bad idea with nigerians.... they still dont get it that most things that work in western nations is due to patriotism and not money.... take rail for example,if its not goverments that are helpin then their is no way they can make profit.... 11 Likes 1 Share |
Re: Power Supply Fails To Improve 10 Years After Privatization by tsdarkside(m): 10:05am On Jan 02 |
your ancestors were moldin iron even before europeans landed at your shores.... you cant even bring ajaokuta to work yourselves today.... 36 Likes 7 Shares |
Re: Power Supply Fails To Improve 10 Years After Privatization by id4sho(m): 10:15am On Jan 02 |
It has improved greatly if you ask me 2 Likes |
Re: Power Supply Fails To Improve 10 Years After Privatization by TempUser: 10:16am On Jan 02 |
If in this age you are still waiting on the government to improve power supply, you go grow old for there. Personally, I am planning on building my own houses without joining the national gridlock abi wetin them dry call am. Solar + wind all the way. Even make them distribute power be another problem for them, e go come be like say you don collect their wife when them bring light for other areas and you dey see light three houses away 😁 I wonder what they’re going to do in that nepa office sef.☹️ 10 Likes 1 Share |
Re: Power Supply Fails To Improve 10 Years After Privatization by UncleKoboko: 10:16am On Jan 02 |
Ọbasanjọ really destroyed this country. Same bastard that spent about 20 billion dollars on the sector back then, amount equivalent to 100 billion dollars now. Half of this money is money than enough to build a nuclear power supply for the sole purpose of electricity. - Same man that gave out Bakassi peninsula - Same man that turned Ota farm he used public money to build to his personal property. - Same man that sold OIL BLOCS to his friends, allies and even concubines... Sadly, electricity problems is what many countries around the world has been able to solve and control. If Benin republic, Ghana, Gambia etc rarely have power outage, WHAT IS THE PROBLEM OF NIGERIA? 12 Likes 1 Share |
Re: Power Supply Fails To Improve 10 Years After Privatization by nairalanda1(m): 10:16am On Jan 02 |
The answer is simple. When privatization happened, government , to cut a long tale short, kept control of prices through NERC. To the point that the sector could not make enough profit to fix things. This is something that discos and gencos have been screaming about. Buhari even went as far as ordering NERC to freeze prices for two years...whilst other costs increased. That was a wonderful decision. Throw in the fact that power stealing is still a big problem....and the result is a sector running at zero profit and having to be saved by subsides on power. This paper from 2019 gives one a good summary of the problem. And today, the subsidy continues. But when you tell people on this site, they scream, cry and lose their mojo over the simple fact that capitalism means working systems, while socialisim means destruction. Things, as has been said in many ways, cost money. Kudi. Gold. Calling me a government supporter does not change that fact. Nor does it change the fact that free electricity does not exist (unless someone at CERN invents nuclear fusion at a grand scale). 7 Likes 2 Shares |
Re: Power Supply Fails To Improve 10 Years After Privatization by id4sho(m): 10:17am On Jan 02 |
hisexcellency34: Primitive thinking 1 Like |
Re: Power Supply Fails To Improve 10 Years After Privatization by Forumites: 10:17am On Jan 02 |
Burkina Faso is already on the road to nuclear provisions from Russia. We will soon start begging to japa there. Useless leaders in Nigeria will soon know that P is not 9 1 Like |
Re: Power Supply Fails To Improve 10 Years After Privatization by DystopianMuse(f): 10:18am On Jan 02 |
Why the complains that electricity has not improved But some Hay Pee Cee members here said electricity is not needed for development. It is a luxury that comes after development. 🤡 4 Likes |
Re: Power Supply Fails To Improve 10 Years After Privatization by symbianDON(m): 10:18am On Jan 02 |
How will electricity improve when the people in power sold the discos to themselves? 12 Likes 1 Share |
Re: Power Supply Fails To Improve 10 Years After Privatization by money121(m): 10:19am On Jan 02 |
But improve for my area At least 18 to 20hrs electricity sure for my side I don't know about urs ooo 5 Likes |
Re: Power Supply Fails To Improve 10 Years After Privatization by KingLennon(m): 10:20am On Jan 02 |
Power supply is very poor for a country that supplies power to some neighbouring countries and the price of fuel has increased drastically leaving business owners to earning absolutely nothing..... Do you know: For 6 months now in Gambia, them never take light o ....E shock you? 1 Like 1 Share |
Re: Power Supply Fails To Improve 10 Years After Privatization by PriNceNova(m): 10:21am On Jan 02 |
Hvg |
Re: Power Supply Fails To Improve 10 Years After Privatization by kingsways: 10:21am On Jan 02 |
The sector is not properly regulated, that’s why |
Re: Power Supply Fails To Improve 10 Years After Privatization by veekid(m): 10:21am On Jan 02 |
Aodu lemoa banze lemoa paraska isco malaina eeeelozomana ifedefor orun nii |
Re: Power Supply Fails To Improve 10 Years After Privatization by seguno2: 10:23am On Jan 02 |
iwaeda: APC clueless socialists and fake progressives frustrated what capitalist PDP handed over to them, despite Fashola’s loud rhetoric before Nigerians bought their scam change package. Maybe if Atiku and Obasanjo’s telecom sector privatisation was done shortly before the gbatuẹyọ APC olodos took over, they would have equally fcvked it up. Maybe! July 12, 2014 |
Re: Power Supply Fails To Improve 10 Years After Privatization by Honestfrend: 10:24am On Jan 02 |
I agree that it might not have improved much but it's better than it was.. 3 Likes |
Re: Power Supply Fails To Improve 10 Years After Privatization by seguno2: 10:25am On Jan 02 |
symbianDON: Did they not also sell the telcos to themselves? Can you please make the attempt to find something concrete to say about this APC failure to do what they promised Power supply: All homes in Lagos will be lit in six months if… —Fashola |
Re: Power Supply Fails To Improve 10 Years After Privatization by nairalanda1(m): 10:26am On Jan 02 |
hisexcellency34: There is no generator cabal. It is a myth we tell ourselves to avoid hearing the trutn. . Nigeria, quite simply, is not paying enough for the power we consume. This in turn cripples the ability of the power sector to supply power. In 2001, the Obasanjo admin allowed GSM companies set their prices, without government interference. This enabled the sector to grow immeasurably. The same thing was not done with the power sector, and the result is what we have. Add the fact that a large percentage of us do not even pay for power at all. Imagine that you ran a business and most of your paying customers pay below the price you bought your goods, and half of them do not pay at all. Would you do business. ? That's our power sector in a nutshell. That the power sector manages to exist is due to a subsidy from government. Generator cabals have nothing to do with it. 10 Likes 1 Share |
Re: Power Supply Fails To Improve 10 Years After Privatization by PressMyButton: 10:27am On Jan 02 |
Every person involved in the $16b mambilla power project must be rounded up starting with OBJ. Efcc has started off fairly inviting Agunloye to account but must end it well dragging OBJ into the net. Also, GEJ and Okonjo Iweala would have to cooperate with EFCC regarding the inefficiently privatized NEPA Under review. 2 Likes |
Re: Power Supply Fails To Improve 10 Years After Privatization by BrighterSyde: 10:27am On Jan 02 |
Same with the refineries, education, pension due to workers, health sector, minimum wage, security etc. and this has cut across parties and politicians. You should wake up every morning and say to yourself, “I am a big fool for supporting apc or Pdp or Elupee without being paid for it”. But in terms of billions for parking space for NASS and billions for SUVs or billions for insecurity votes improvement has consistently being made budget by budget. You really are a big fool. |
Re: Power Supply Fails To Improve 10 Years After Privatization by Slymonster(m): 10:27am On Jan 02 |
Power they sell to the highest bidder. Some neighborhoods will not have light that much while some estate around will be having almost 24hr light. Crazy country. 1 Like |
Re: Power Supply Fails To Improve 10 Years After Privatization by Burob: 10:28am On Jan 02 |
hisexcellency34:Know what to do Indeed, nonsensical talk, since you were born in The Federal Republic of Nigeria , have you ever had constant electricity? To you it is the president, not the society that will provide electricity for themselves, you want Oyibo man to come and give you electricity? Because the citizens have chosen not to be innovative, it is the Oyibo man that gave them electricity in China, & North Korea? 1 Like 2 Shares |
Re: Power Supply Fails To Improve 10 Years After Privatization by erico2k2(m): 10:28am On Jan 02 |
nairalanda1:We have an issue which is the BONE here, Generaration, wee need nearly if not more than 100MW, we have 15mw.We need more power generation.The thing bout theft can be fixed easy, we just device means of distributing 1 Like 1 Share |
Re: Power Supply Fails To Improve 10 Years After Privatization by Toosure70: 10:29am On Jan 02 |
Commercialisation not privatisation |
Re: Power Supply Fails To Improve 10 Years After Privatization by spartachico(m): 10:30am On Jan 02 |
AND YET, YOU WANT TO INCREASE THE TARRIF. WHAT ARE WE ENJOYING IN THIS COUNTRY SELF. |
Re: Power Supply Fails To Improve 10 Years After Privatization by JoshTim: 10:31am On Jan 02 |
Privatization was not properly done. It was merely contracted based on man know man than competence and track record. 1 Like |
Re: Power Supply Fails To Improve 10 Years After Privatization by nairalanda1(m): 10:31am On Jan 02 |
erico2k2: And you can only get more generation if the DISCOS are allowed to make enough profit by being freed to set their own prices, and by government not setting their prices for them, and not paying subsidies....which would enable the discos to pay the GENCOS...which would enable the GENCOS to make a profit to expand generation. Very simple. 3 Likes 1 Share |
Re: Power Supply Fails To Improve 10 Years After Privatization by Burob: 10:32am On Jan 02 |
nairalanda1:NLC will never agree, mother of all strikes will occur in Nigeria, lack of societal discipline. The Federal Republic of Nigeria was created to be a dysfunctional society. 1 Like 1 Share |
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