Governors should take advantage the electricity law and generate,transmit and distribute power to their states!
It will even be a humongous source IGR for the state!
Even if it means borrowing,they should embark on it in order provide electricity for their state!

blacknp:
If they tell you they cannot continue with the arrangement anymore because the one they subsidized for you, u no gree pay am, what should dey do?

Removing fuel subsidy without the function of national refineries is undemocratically foolish

43Ronin:
Oga minister you are only doing the bidding of your slave masters thee IMF. Nigerians you were warned against Tinubu but you chose tribal sentiments. Now in abid to legitimize his candidacy anything IMF tells him, he will do. No wonder Niger, Chad,Mali & Burkinafaso left Ecowas. It was nothing but a huge slave market for europeans

Don't you understand what the man is saying? He isn't speaking Fulfude?

He said the government can no longer afford the subsidy. It does not take a rocket scientist to know this. The nation is bankrupt. Last year, debt servicing was to consume 96% of revenue earnings. Where's the money then to even run the budget. Practically everything would be borrowed.

The minister said the federal government is owing the Discos 1.3trillion and Gencos $1.3bn. Yet, you want the subsidies to still continue. How are they supposed to operate optimally with such unpaid debts? Despite that, you condemn the IMF.

The man said 450bn was calculated for subsidy this year but ministry needs 2trillion. It is obvious the government cannot afford the subsidy and yet you condemn the IMF? Do you want the federal government to borrow money or print it to solve it, adding to the crushing debt burden?

All the countries in West Africa pay a cost reflective price for their power. It is pricey but it's constant.

I pay about 3k monthly for power for a 3bedroom flat. Were I to pay a cost reflective price, it would shoot up to like 9k. That is still cheap considering cost of running a generator for 2 days would be more than that.

What the IMF will advice you is no different from what Charles Soludo or Pat Utomi would say. They are economists, liberal economists. They are technocrats. They will not tell you what you'd like to here.

If Nigerians want constant power, they must be ready to pay a cost reflective price for it. These power companies aren't charity organizations. There is no incentive to invest if armtwisted to sell at a loss.

adioolayi:
Till we have stable electricity...

Subsidy must remain.

If we will be paying premium ...we should enjoy premium service ..

So, provide the premium service first, to justify premium payment.

Exactly!

Ategberoson:



Removing fuel subsidy without the function of national refineries is undemocratically foolish

Foolish Indeed, keep abusing yourself, law way una pass yourselves to remove subsidy after 20 months of it coming into effect virtue of the Petroleum Industry Act?

Ignorance no be excuse:

In accordance with Section 205 of the PIA , the pricing of petroleum products must operate under unrestricted free market conditions; hence the Petroleum Equalization Fund (PEF) and the subsidy system have been abolished.

For your ignorance, PEF was the government body in charge of maintaining uniformity in petroleum product pricing.

adioolayi:
Till we have stable electricity...

Subsidy must remain.

If we will be paying premium ...we should enjoy premium service ..

So, provide the premium service first, to justify premium payment.

Will not happen in your lifetime, this your kind mentality deserves darkness, na why wherever you dey, u no get electricity.

nlfpmod:


https://www.channelstv.com/2024/02/14/just-in-fg-cant-continue-to-subsidise-electricity-power-minister/

Una don come again abi. Petrol and dollar wey Una float still dey drive the economy crazy and Una still wan add floating electricity join? Hope all is well with you guys sha?

albert2512:


Una don come again abi. Petrol and dollar wey Una float still dey drive the economy crazy and Una still wan add floating electricity join? Hope all is well with you guys sha?

Make your state subsidize the electricity for you na, abi no be inside the state you dey consume am?

NiRfreak:
By the time APC is done with you people, una go geh sense...shebi e ni pe orin yin o pe

My dear you no notice say up tinubu, up jagaban, useless Peter Obi radarada... Don reduce to the barest minimum.... Hunger dey deal with tinubu online armies... Very soon dey go remove data subsidy

fredpeter:

My dear you no notice say up tinubu, up jagaban, useless Peter Obi radarada... Don reduce to the barest minimum.... Hunger dey deal with tinubu online armies... Very soon dey go remove data subsidy

Na shameless people dey blame Tinubu upandan for their own shortcomings & wickedness, even Almijiri for Gombe & Jigawa state, say na Tinubu fault.

badoh:

You just like spewing rubbish. Even if we all agreed he's not fit for that ministry, can you match his intellectual prowess? See the way you addressed a former deputy governor of CBN as if you have reached such status in your life. Even if you have achieved something substantial in life which I doubt, is that how to address human being like you calling him a mad man?

he is a mad man… he got to those positions due to nepotism, and man know man.

You too, you are a mad man for supporting rubbish.

Thunder fire all you APC supporters.

Just reading figuures submitted to him without understanding the significance.
Imagine, an accountant is now the best brain that can now manage the lifeline of a Nation such as power!
This man should be careful in his eyeservice to his boss. He should remember his goal, not forgetting the crop of people he will present himself to.
Use your office to do the right thing now or else...

blacknp:
Foolish Indeed, keep abusing yourself, law way una pass yourselves to remove subsidy after 20 months of it coming into effect virtue of the Petroleum Industry Act?

Ignorance no be excuse:

In accordance with Section 205 of the PIA , the pricing of petroleum products must operate under unrestricted free market conditions; hence the Petroleum Equalization Fund (PEF) and the subsidy system have been abolished.

For your ignorance, PEF was the government body in charge of maintaining uniformity in petroleum product pricing.

Okay Tinubu is the Best, he should let the fuel increase to 2000 and dollars 7,000

blacknp:
Make your state subsidize the electricity for you na, abi no be inside the state you dey consume am?

How many state fit subsidize electricity. Any state wey subsidize is taking it back through back door, trust me this might be worse for the economy if not well implemented.

cucumbar:
he is a mad man… he got to those positions due to nepotism, and man know man.

You too, you are a mad man for supporting rubbish.

Thunder fire all you APC supporters.

Na so House boy dey reason.

albert2512:


How many state fit subsidize electricity. Any state wey subsidize is taking it back through back door, trust me this might be worse for the economy if not well implemented.

Well to a large extent, electricity has been moved to the legislative concurrent list as demanded by you Nigerians, it is no longer the exclusive jurisdiction of the Federal government.

So the sooner you people brace up in the States, the better for you, States will pay according to their electricity demand & consumption, I don’t expect Lagos & Kebbi to have the same tarrifs.

Same goes for fuel subsidy, the states where the fuel is consumed, should be the ones to pay the subsidy not the FG @ the center.

I don’t expect the price of petrol to be the same in Lagos State, as in Kebbi state.

Nigeria can't continue to budget billions for luxury of public servant,when to stop this Nigeria power will stabilize.

Nigeria can't continue to budget billions for luxury of public servants living in glass houses.When govt stops this excesses Nigeria power will stabilize.

Nigeria for sale

blacknp:
Joker, you blame others for not making laws you sent people to Abuja to make.

Guilt?

yeshuasfootstep:


Guilt?

Yes the guilt of your law makers that you sent to Abuja, for not making laws that benefit you.

No be my fault, I am just an ordinary citizen like yourself.

PARADIZEPRIEST:
Nigeria can't continue to budget billions for luxury of public servant,when govt this stop excesses Nigeria power will stabilize.

GOVT SHOULD COPY SOLAR BASED COUNTRIES HOW THEY EMPOWER THIER CITIZENS TO HAVE STEADY POWER FOR SMALL BUSINESSES AND HOMES ALWAYS. AND CONCENTRATE MEGAPOWER FOR INDUSTRIAL CONSUMPTION.
MAKE UNA DEY THINK WELL,GIVE THE PEOPLE ALTERNATIVE WHILE YOU PLOT to SOBOTAGE THEIR LIVELIHOODS.
Littering Generators all over naija is not an alternative power source to grow the national economy.

Even with subsidy the country is still in darkness. You pay for meter, you will not see the meter. You top up 10,000 naira , it will not last for one week.

Shiteehole

Even with subsidy the country is still in darkness. You pay for meter, you will not see the meter. You top up 10,000 naira , it will not last for one week.

Nigerians are indirectly paying for IMF loans buhagovt collected for 8years via this removed subsidy.Yet they cannot ask buhagovt to account? Ironic

nlfpmod:


https://www.channelstv.com/2024/02/14/just-in-fg-cant-continue-to-subsidise-electricity-power-minister/

What is a Fellow Chartered Account Finding around Power Sector,.. chai

Wrong Pair in Wrong Hole...

Power Sector to carter for over 200 million house holds and Locked up Factories..

You believe an accountant should work the Magic...

Continue to play Monopoly with Nigerian People..

Soon very Soon the Poor shall and will Over Power the Wealthy once in the country...

Endsar go be like rehearsal.

As citizens so what do we stand to benefit from our nation.

Ategberoson:




Okay Tinubu is the Best, he should let the fuel increase to 2000 and dollars 7,000

Tell your legislators to amend the law to reintroduce subsidy, instead of just sitting down in armchair ignorance blaming others.

You all where shouting we want deregulation, now they have given you deregulation, you start blaming others?

badoh:

You just like spewing rubbish. Even if we all agreed he's not fit for that ministry, can you match his intellectual prowess? See the way you addressed a former deputy governor of CBN as if you have reached such status in your life. Even if you have achieved something substantial in life which I doubt, is that how to address human being like you calling him a mad man?

Na your family member?
Awon ara ile e spewing rubbish for mouth

Useless man/government .FG can not subsidize Electricity but will not stop billions been stolen by the criminals we in government.

blacknp:
Na so House boy dey reason.

you, you know say by default, you Dey craze.. that’s something common to all of you supporting this rubbish.

Na only mad person go see bad thing and no know say na bad thing.

Thunder fire that you big empty zombie head.
It shall never be well with you, since you love suffering.