nairalanda1:
Basically, the DISCOS are not being allowed to charge cost reflective tarrifs.
At one point in 2017 , they even had their bills frozen for 2 years.
Naturally, one won't be able to do much improving with such issues. Government still sets their prices, and pays them a subsidy that is not enough for their needs.
So the result is poor power supply, poor distribution and low geberation
( Just to show you how bad our generation is, Lagos alone needs 10000 MW daily for 24 hour light)
Until DISCOS are allowed to charge cost reflective tarrifs, and until there is an end to power stealing, and until universal metering is a thing...we are not going to get 24 hour light.
You can only give what you have, not what you wish you have.
Three or 4 discos have gone bankrupt because socialism
(Disclaimer: I do not support APC, PDP, LP or Tinubu. A good way to understand our power sector is to google PwC's report on the power sector...Solving the liquidity crunch in the Nigerian power sector...published in 2018 which gives a good account of the problems.)
See ehn i have no problem with this your theory
The problem is that theory can never ever work in Nigeria
How?
Okay in places where these kind of theories work,first the service is constant not up and down oo CONSTANT!!
Secondly the government makes sure that they are buffers in place to ease burdens of this theory
That's why the uk have benefits, The US welfare checks ,food stamps et al
Same for other countries in Asia and Europe
Can you hand on heart say the same applies in Nigeria