This matter may lead to coup de tat in Nigeria

It must stand until his mandate ends in 2099!

Everybody must get sense

nairalanda1:


People living in band A are the rich and wealthy.

24 h light should be for all. Stop all this classification.

Spot on!👏👏👏
eBOLA and his notorious gang of insatiable THIEVES must be checkmated!
If eBOLA were God, Nigerians will PAY PER SECONDS FOR THE AIR THEY BREATHE!
Criminal govt of self serving THIEVES AND 💯💯💯

RhinoChest:
Subsidy has to go for power to improve. Once the market has injection of cash, more players will come in, more competition and cheaper prices for all in the long run.

Transcorp energy just floated their stocks, they account for a combined 1200 MW approx. They are anticipating cash injection, and that would lead to more turbines purchased, more expansion.

Egbin power plant just announced that they about to add wind turbines to their plant, thus even increasing power output.

Mr Musa, what all new investment will do is make Gencos ramp up power production at sustained rate. Bills from Discos will reflect market cost, and new players will enter, bringing prices down for all in the near future.

Banks will also start lending to Gencos and Discos because they are now confident the market has been reformed for power operators to pay back.

More investment also means more job opportunities for youths, because power companies will need more technicians, engineers, etc.

At the cost of modest income households paying over 50k energy bill monthly. Clapp for yourself

PressMyButton:
PDP sold NEPA to incompetent individuals while Government keeps paying subsidy to support their operations. Such can only happen in Nigeria where we keep giving money to buyers of public assests. They are only interested in collecting subsidies to futher enrinch themselves, for so long, Government has been paying subsidy for darkness. Kudos to the President for gradually putting a stop to the fraud.

PDP's contract with Discos ended in 2018. APC has renewed the contract twice since then.
The president did not put a stop to the fraud. He only kicked the can to the citizens

Anatolia:


24 h light should be for all. Stop all this classification.

Yeah and it can't be for all because we aren't paying cost reflective tarrifs.

In the big countries everyone pays a cost reflective tarrif, and also pays enough in tax for government to pay some form of energy subsidy for the very poor, not for everyone.

In Nigeria, not only do we don't pay a cost reflective tarrif, millions of us openly steal electricity and as a result the power companies don't have enough money

Yeah , even the profit they made last year...they owe far more than that to the gas companies. We haven't even mentioned the one they owe the tax man.

Forget politics, forget apc pdp nonsense, me I never voted for apc in my life, but it is a thing that the only way to let a business run well is to allow it to charge the prices they set. And to never pay then consumption subsides

We've subsidise power for decades. Time to try something different.

You are free to disagree with me.

helinues:


If areas are grouped to the right band based on the electricity they are supplied, this new tariff shouldn't have much effects.

All this epistle is unnecessary

No part of Nigeria should pay that much for electricity. Nothing in Nigeria supports that level of extortion.. No our income level, standard of living or even electricity distribution

markidoo:
First it was subsidy for petroleum products,then came the Fall 🍂 of the Naira💵, increase in Food and other essential commodities skyrocketed, not to talk 🦜🐦🦜 about insecurity, now it's electricity 🔌, these people keep biting Nigerians and the funny 🤣 thing is the elasticity that we can be stretched defies the Laws of Elasticity.. What can really be done to bring succour to the Common Man

If we stay docile, they will eat us till our death.

helinues:


If areas are grouped to the right band based on the electricity they are supplied, this new tariff shouldn't have much effects.

All this epistle is unnecessary

You must be sick in the head. Ripple effects of the pricing naturally exist.

slowice:


No part of Nigeria should pay that much for electricity. Nothing in Nigeria supports that level of extortion.. No our income level, standard of living or even electricity distribution

Unfortunately the cost of production of electricity has no respect for anyone's purse especially the government

nairalanda1:


Yeah and it can't be for all because we aren't paying cost reflective tarrifs.

In the big countries everyone pays a cost reflective tarrif, and also pays enough in tax for government to pay some form of energy subsidy for the very poor, not for everyone.

In Nigeria, not only do we don't pay a cost reflective tarrif, millions of us openly steal electricity and as a result the power companies don't have enough money

Yeah , even the profit they made last year...they owe far more than that to the gas companies. We haven't even mentioned the one they owe the tax man.

Forget politics, forget apc pdp nonsense, me I never voted for apc in my life, but it is a thing that the only way to let a business run well is to allow it to charge the prices they set. And to never pay then consumption subsides

We've subsidise power for decades. Time to try something different.

You are free to disagree with me.

My question is how can the cost of 24h power supply be higher than the minimum wage? There is no where the average monthly minimum wage is less than the cost of 24 h electricity supply.

nairalanda1:


Unfortunately the cost of production of electricity has no respect for anyone's purse especially the government

What cost are they incurring when they are producing nothing.

zionstaar75:
this write up is a bloody lie and only ignorant people will believe it. First you can never use the same number of units in a month. It's practically impossible. I know because I've been using prepaid meter for 12 years and I've never used the same units twice. Secondly if u don't have light your meter will not read so you can't be using the units when there's no light. Common sense has become scarce on nairaland I now use the platform only once or twice a week

How does that affect the fact that 1 unit will cost you N225

Anatolia:


What cost are they incurring when they are producing nothing.

How can they improve cost when they are not allowed to set their prices?

It's not like they have access to a money tree.

Anatolia:


My question is how can the cost of 24h power supply be higher than the minimum wage? There is no where the average monthly minimum wage is less than the cost of 24 h electricity supply.

Because the cost of things has no respect for your wage.

If it did, I would be buying a Ferrari tomorrow.

Government paying subsides over the years is a big reason for our debt mass.

nairalanda1:
The basic thing is, at the end, the power sector is operating at a loss because of subsidy.

I see people saying they made profit last year. Well, debts to the gas companies would eat the profit, and they still will owe some money. And we haven't even mentioned government tax, and a host of other costs that need to be paid.

At the end, we have bad light because we don't want to pay for good light supply.

You said they are operating at a loss then you agreed they made profit last year.
Why are you contradicting yourself

Kukutenla:

You said they are operating at a loss then you agreed they made profit last year.
Why are you contradicting yourself

Things cost money. It needn't make you mad

Also debt to the gas man is higher than their profit. Then there is what they owe on tax.

That's why I laugh at the reports of their profit.

That's all I have for you today. Remember, things money cost.

nairalanda1:


Unfortunately the cost of production of electricity has no respect for anyone's purse especially the government

What is the cost of producing electricity

Kukutenla:

What is the cost of producing electricity

Would you accept the government setting your prices for you?

nairalanda1:


Things cost money. It needn't make you mad

Also debt to the gas man is higher than their profit. Then there is what they owe on tax.

That's why I laugh at the reports of their profit.

That's all I have for you today. Remember, things money cost.

What do you suggest the minimum wage should be in Nigeria based on the cost of "things"?

Kukutenla:

What do you suggest the minimum wage should be in Nigeria based on the cost of "things"?

The price of things does not respect your wages.

nairalanda1:


Would you accept the government setting your prices for you?

The government has a right to set prices in some instances.

It's not a question of acceptance or not

Will I accept to pay tax when I don't have access to good roads and public water? No!! Do I pay tax? Yes!!

nairalanda1:


Because the cost of things has no respect for your wage.

If it did, I would be buying a Ferrari tomorrow.

Government paying subsides over the years is a big reason for our debt mass.

You have not answered my question.

Kukutenla:

The government has a right to set prices in some instances.

It's not a question of acceptance or not

Will I accept to pay tax when I don't have access to good roads and public water? No!! Do I pay tax? Yes!!

Yes, and doing that is why we don't have good power supply and refineries

Government used to set prices for some foods , until scarcity resulted. Then they had to end it.

At the end, price don't respect your wallet. If it did, I would have built two houses by now for 200 naira.

nairalanda1:


The price of things does not respect your wages.

I agree.

But no one can pay what he doesn't have the ability to pay.

For example, this writer said his bill will rise to N80,000 with the new tariff. I'm sure you'll agree the vast majority of Nigerians can't afford to pay N80,000 as electricity bill every month. So what do you suggest should be done?

Anatolia:


You have not answered my question.

You do not like the answer of your question.

Things cost money, sadly. If you want 24 hour power, you pay the price for it. Or you take your bad power without complaining.

Kukutenla:

I agree.

But no one can pay what he doesn't have the ability to pay.

For example, this writer said his bill will rise to N80,000 with the new tariff. I'm sure you'll agree the vast majority of Nigerians can't afford to pay N80,000 as electricity bill every month. So what do you suggest should be done?

So accept your bad power then. It's what we can afford

It's not like power companies have a cess to money pots spitting out billions per second.

nairalanda1:


Yes, and doing that is why we don't have good power supply and refineries

Government used to set prices for some foods , until scarcity resulted. Then they had to end it.

At the end, price don't respect your wallet. If it did, I would have built two houses by now for 200 naira.

I don't agree that subsidy is the reason we don't have refineries or power supply and you're aware I don't so don't let's go into that.

My point is on the demand and supply dynamics.

If the price set by power coys is not affordable to the customers, what do you suggest the customers do next?

nairalanda1:


So accept your bad power then. It's what we can afford

It's not like power companies have a cess to money pots spitting out billions per second.

Ok. The NERC claimed some people are getting 20hr light daily. Nigerians are saying that's a lie.
Dr Abah even threw a challenge of 3 months to AEDC.
So if we're to accept the bad power, the rates should be reversed as well right?

Kukutenla:

I don't agree that subsidy is the reason we don't have refineries or power supply and you're aware I don't so don't let's go into that.

My point is on the demand and supply dynamics.

If the price set by power coys is not affordable to the customers, what do you suggest the customers do next?

Pay their price.

We can say the same thing about many things in this world...they aren't affordable. SO, they either pay what they can afford.

Thing is, we don't produce most of the stuff associated with power here. And the gas people dont want to sell in naira, no matter how hard government tries. SO, people either pay what they can afford.

IN Ghana, most people cannot afford 24 hour power, so they disconnect themselves from the mains supply to save up on power money. Harsh, but that's it.

The only way government can afford subsides is by raising our tax to gdp ratio , which is too low. But most of us don't like that, so, tarrifs are the only way to go.

Unfair, yes. But you work in the private sector. You won;t agree to a reduction in the price for your service because people are too poor to pay you.

Kukutenla:

Ok. The NERC claimed some people are getting 20hr light daily. Nigerians are saying that's a lie.

It's actually true. There are even lists circulating from the discos. We can deny , but it is true. (And they always pay more.).

Dr Abah even threw a challenge of 3 months to AEDC.
So if we're to accept the bad power, the rates should be reversed as well right?

Nope, the power companies want to improve service, so the rates have to go up.

Like the GSM, when they came they had to improve telephony in Nigeria from scratch. Naturally bills were high in the first few years, and service was poor. But because government was not setting their prices, they felt confident to invest more...and that is why today, a very large percentage of NIgerians have access to internet and telephone service. Compared to 25 years ago