richard870:
Everyday different story that adds zero value to the common man. Please leave this 'contraption' while you can

Honestly!

Simonjef:
Good or bad, the government is working

Bad and Govt is not working

Tiler:
Is the power sector not making enough money to pay their expenses

When we talk about cost reflective tarrifs, you think say na joke?

lexy2014:


what is the result of the work?

is the government "working" to improve the country or to destroy it?

can you pay salaries to workers that are "working" but no result?

lexy2014:


Nigeria is blessed with everything you have said but not brains.

u wey get brain..how u don use am benefit the country than to come online and type nonsense looking for cheap likes... sadist

Any thread that's about regression, na u go first land dey flex muscle.

When it's about progression..then go find u there too, saying stupid stuffs, finding ways to demean and devalue.

I pity the woman wey marry or go marry u... people like u don't see good in anything.

Offpoint1:
I don't understand this gas debt, where does the electricity bills we paid monthly goes to?

You pay directly to discos who then pay NBET. NBET pays TRCN and GENCOS. GENCOS are supposed to pay gas suppliers but because they don’t charge NBET the commercial cost of electricity generated, they simply keep whatever comes to them as profit plus other operational cost while they pass the gas bill to the FG.

Bluearrow:

Honestly!

Its just sad...graduates are now beggars!

Why were they paid in dollars and not in Naira? We do not import gas

Offpoint1:
I don't understand this gas debt, where does the electricity bills we paid monthly goes to?

The GENCOS are under contractual obligation to pay for the gas they receive from gas producers and transporters. That's the gas debt.

The 12 Discos have almost 40% aggregate technical, commercial and collection loses amounting to hundreds of millions of naira on shortfall to the market.

Meaning that the Nigerian Bulk Electricity Trading Company PLC( NBET) that is responsible for the off take of bulk purchase of electricity from the GENCOS for sale to the Discos cannot fully liquidate the huge debt to the Gencos.

If the GENCOS cannot pay for gas, they cannot produce electricity. If the Discos cannot make 100& of their payments invoices for electricity supplied to them from their customers, they cannot pay NBET
The vicious circle goes on and on. The Discos are saying that there is almost 30% electricity theft by customers. Metering deficit is almost 40%.

Summary

Sccarrr:
u wey get brain..how u don use am benefit the country than to come online and type nonsense looking for cheap likes... sadist

Any thread that's about regression, na u go first land dey flex muscle.

When it's about progression..then go find u there too, saying stupid stuffs, finding ways to demean and devalue.

you have just demonstrated what I said in high definition . I like that

...Now, it's because of little gas supply to power generating companies, the reason for the low power supply,

Tomorrow,... They will come up with another reason, they will say it was the activities of the bandits in the North.

What a Government!

lexy2014:


you have just demonstrated in high definition what I said

you're sick...trust me

Bonjovi13:


The GENCOS are under contractual obligation to pay for the gas they receive from gas producers and transporters. That's the gas debt.

The 12 Discos have almost 40% aggregate technical, commercial and collection loses amounting to hundreds of millions of naira on shortfall to the market.

Meaning that the Nigerian Bulk Electricity Trading Company PLC( NBET) that is responsible for the off take of bulk purchase of electricity from the GENCOS for sale to the Discos cannot fully liquidate the huge debt to the Gencos.

If the GENCOS cannot pay for gas, they cannot produce electricity. If the Discos cannot make 100& of their payments invoices for electricity supplied to them from their customers, they cannot pay NBET
The vicious circle goes on and on. The Discos are saying that there is almost 30% electricity theft by customers. Metering deficit is almost 40%.

Summary

To make matters worse, the tarrifs the discos are allowed to charge are not cost reflective.

The subsides paid to cover the resulting loss are too too low to do so.

Thus discos cannot pay gencos adequately.

And the cycle continues.

Sccarrr:
you're sick...trust me

you are still demonstrating what I said. pls keep it up

lexy2014:

you are still demonstrating what I said. pls keep it up

you're still sick and need serious help

Buhari government really owed O.... Even nepa bill for aso rock they didn't pay. Super eagles they didn't pay.

Na tinubu come dey clear the debts

Sccarrr:
you're still sick and need serious help

same thing we are saying. you are still demonstrating what I said. pls keep it up

Simonjef:
Good or bad, the government is working

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Simonjef:
Good or bad, the government is working

Get a Super Professional Company Logo or Letterhead for Your Business for 2k only

Pay On Delivery

Drop us your Company name
https://forms.gle/355F2tBJVtt1pvgU9

Logo or letterhead 2k? 2k logo na logo? See watin hungry don turn una to.

No light, no food, no money, no water in my area.

Tinubu please consider not paying 1 trillion naira gas debt but just take 1% of that money to buy and sell solar panels to those who business only need small power like laptop gig, barbershop, phone recharge center, small store that only need bulb. We don't need palliatives for 3 months we need TOOLS to feed ourselves by ourself.

blowjohn:
Buhari government really owed O.... Even nepa bill for aso rock they didn't pay. Super eagles they didn't pay.

Na tinubu come dey clear the debts

It is not the government owing the debt..solely.

Basically, discos are not allowed to charge a cost reflective tarrif, then they lose money to power theft, people bypassing meters, and people not paying (government inclusive, rich and poor Nigerians).

As a result, the discos don't have enough revenue...and part of that revenue goes to gencos, the other part to the transmission company of nigeria.

This means that at the end, gencos don't raise enough revenue to pay for gas.

To add salit to the wound, the gas company/suppliers, all want their payments in DOLLARS. Have done so for years, despite government attempts to get them on to recieving payment in naira. Add the devaluation of the naira, and dollar scarcity, plus all the above...debt results.

Government is paying the debt for them right now.

Naturally, if discos were allowed to charge cost reflective tarrifs, and everyone stopped treating power as free gift....we may have improvement/

GSM companies built everything from scratch for us, because one cannot use a phone without paying first.

lexy2014:


same thing we are saying. you are still demonstrating what I said. pls keep it up

fvck off my mention, sadist

So na why I never see light for the past 4 days be this? This country don sink finish

nairalanda1:


To make matters worse, the tarrifs the discos are allowed to charge are not cost reflective.

The subsides paid to cover the resulting loss are too too low to do so.

Thus discos cannot pay gencos adequately.

And the cycle continues.

You are correct. Nigerians don't understand that the cause of the electricity challenge we have today is the decades of mismanagement and inefficiency of NEPA coupled with the lack of investment in all segments in the value chain of the electricity supply industry.
The sector has been privatised except for the transmission segment and the investors need to be able to recoup a reasonable rate of return on their investment. Meaning people need to pay their bills and stop stealing electricity. All the monies received from customers goes into a pool that all market participants gets paid from
Stop vandalising power infrastructure too.

Recently the regulator NERC approved the increase of tariff to account for the changes in all the economic indicators. They had to freeze it because of the Federal government but passed the difference to the government via subsidies. The government can't pay that difference. So the entire sector is in jeopardy.

We need a reset.

Rivermonster:
Logo or letterhead 2k? 2k logo na logo? See watin hungry don turn una to.

Claim down brother. AI can give you 100 logo ideas and 100 finished logo for free. Just your time and internet access if their is light in your area

Offpoint1:
I don't understand this gas debt, where does the electricity bills we paid monthly goes to?

The upstream companies sell their gas volumes in dollars, while the final consumers buy in Naira. With the devaluation of the Naira, there's no way revenues from current electricity tariffs will offset the debt to gencos. It's either the government opts to pay the disparity or they allow the Discos and Gencos increase their prices.

nairalanda1:


It is not the government owing the debt..solely.

Basically, discos are not allowed to charge a cost reflective tarrif, then they lose money to power theft, people bypassing meters, and people not paying (government inclusive, rich and poor Nigerians).

As a result, the discos don't have enough revenue...and part of that revenue goes to gencos, the other part to the transmission company of nigeria.

This means that at the end, gencos don't raise enough revenue to pay for gas.

To add salit to the wound, the gas company/suppliers, all want their payments in DOLLARS. Have done so for years, despite government attempts to get them on to recieving payment in naira. Add the devaluation of the naira, and dollar scarcity, plus all the above...debt results.

Government is paying the debt for them right now.

Naturally, if discos were allowed to charge cost reflective tarrifs, and everyone stopped treating power as free gift....we may have improvement/

GSM companies built everything from scratch for us, because one cannot use a phone without paying first.

Ok, but it's not like the debt paid is a recent one.
It was inherited by this administration

nairalanda1:


It is not the government owing the debt..solely.

Basically, discos are not allowed to charge a cost reflective tarrif, then they lose money to power theft, people bypassing meters, and people not paying (government inclusive, rich and poor Nigerians).

As a result, the discos don't have enough revenue...and part of that revenue goes to gencos, the other part to the transmission company of nigeria.

This means that at the end, gencos don't raise enough revenue to pay for gas.

To add salit to the wound, the gas company/suppliers, all want their payments in DOLLARS. Have done so for years, despite government attempts to get them on to recieving payment in naira. Add the devaluation of the naira, and dollar scarcity, plus all the above...debt results.

Government is paying the debt for them right now.

Naturally, if discos were allowed to charge cost reflective tarrifs, and everyone stopped treating power as free gift....we may have improvement/

GSM companies built everything from scratch for us, because one cannot use a phone without paying first.

Ok, but it's not like the debt paid is a recent one.
It was inherited by this administration.

Why is the fg paying for gas used by gencos? Are d gencos not privately owned? They should be paying for gas they use

blowjohn:



Ok, but it's not like the debt paid is a recent one.
It was inherited by this administration.

It's an accumulated debt, and it results from, low income from the discos.

Discos can't earn enough from tarrifs, because at the end, due to power theft and due to tarrifs not being cost reflective, there isn't enough money being earned to pay for gas, or even tax.

As a result, gencos cannot pay the gas companies. Gas companes bore it for some time, then stopped giving a damm, and started refusing to sell without seeing money first.

At the end of the day, if one is running a business, the person must set his or her prices, or else.

This man truly no get brain. He is supposed to know that their is no money in this country. To pay those debts cut cost starting from yourself and all politicians. But he will never try it cos he is one of them. Instead more borrowing, more debts, the country and masses suffer why they enjoy. Anyone who wants to fix this country must learn to cut cost begining from the polithiefians. This is why they ganged up against PO. Politicians are the real problem. No matter how the country bleeds it never affect their pay. When una get rense una go leave religion and tribalism and hold them for blokos

nairalanda1:


It's an accumulated debt, and it results from, low income from the discos.

Discos can't earn enough from tarrifs, because at the end, due to power theft and due to tarrifs not being cost reflective, there isn't enough money being earned to pay for gas, or even tax.

As a result, gencos cannot pay the gas companies. Gas companes bore it for some time, then stopped giving a damm, and started refusing to sell without seeing money first.

At the end of the day, if one is running a business, the person must set his or her prices, or else.

Ok