₦airaland Forum

osahonmk:
She said: “The GENCOs have over 12, 000 mega watts (MWs) and can generate over 7, 000MWs of electricity, but have not enough funds to meet up due to lack of payment by the DISCOs for power sold to them.

“Recently, we gave 100 per cent power to the DISCOs, and they only ended up paying us 23 per cent of the money. That has been the trend for a while now. So we are helpless; we can’t buy gas. The gas companies who have adopted a ‘pay-before-service rule are shutting down the power plants.

‘‘And if we don’t have the gas, there is no way we can generate electricity. It is like wanting your generator to work without putting petrol in it. We can’t even maintain our turbines adequately for optimal generation. As I speak to you today, we are being owed N460 billion.”

While it appears that some stakeholders in the industry may have been angling the option of government subsidy as a way out of the crisis, Dr Ogaji rejected the call outrightly.

She said: “ I think our experience with subsidy in the petroleum sector should be a lesson to us. We all saw how the system was hijacked by cabals to exploit Nigerians.”

According to her, instead of thinking subsidy, we should be talking about incentives for the operators.

“Take the issue of the unstable exchange rate for instance. Government could come up with policies that will ensure that the effect of rise in dollar value is reduced to the barest minimum in the system by ensuring that the prevailing value is not brought to bear, as the case may be, in what is paid for gas for instance.

She however said the GENCOs will continue to do their best with the limited resources at their disposal to ensure that there is power for Nigerians, calling on operators in the industry who might be constituting the weakest link to improve on their productions.

However, the Chief Consulting partner,Transmission Company of Nigeria (TCN), Engr Akin Bada, disagreed with those who see the solution to power problem in the country in privatisation of TCN.

http://www.energywatchng.com/power-sector-liquidity-crisis-worsens-debt-owed-gencos-hits-n460bn/

we are heading back to stone age ....there is a need for revolution after all...

monemsis:
Her knuckles reminds me of BOLE

na so I see am too hoooo..

lordfizco:
babe girl how far

you don't have the right to give up shading with people on NL makes me laugh before bed ...pls keep on fighting me plsssssssss

Where is his ugly frog face or ugly horse face sister ? ....well I hope he got a pretty wife to mixed his chimpanzee blood hooo, make he children no look like him them go bully them for school tired..plus the kind of road he gave impolites..

You'll ain't in the USA , you'll no nothg abt the USA soo shut the bleed up...obama is the best that ever happen to the USA this pass 8years now you'll should go and suck your dicks...and fucking resolve Nigeria pb and stay the Bleep out of the USA pb ...the country of your dreams that you may never set feet's to

lordfizco:
fool

and is a question? Well this isn't one ...empty brain!!!!

KingSango:
u

You are right, every tiny bit, of belief, in the lie of Jesus Christ, is utterly gone. Ase.

no need to waste my Mb on yr case ...may God forgive u

bolaino:
Jesus is a myth. Jesus can kiss my black ass for all I care. and suck my dick while he is at it.

you are definitely are psycho patient ....pls go and take your drugs pls

ISDKING:
He needs help

naaaa nobody can help that one he is gone !!!!

lordfizco:
atleast I have sense more than ur lineage

at least I have lineage,you've sold yours to buy data plan to expose your lack of intelligence on NL

Hmmmm pretty intellect right up and understanding of Nigeria politics....i hall you sir ...really this is a good mixture I swear...just like stout and Smirnoff ice ....not too sweet not too bitter...

veekid:

---

is that the bride or her mum?

I was actually wondering about it myself...look more like his big ant.....

jumpandpas:
Pls i want to know if they GROW WEED in ASO ROCK.

I still they laugh

He mean to say ( buhary is lucky that Nigerians are all cowards)

NaijaMutant:
Igbos remain the only ethnic group who protested against the colonial masters tax system in the famous Aba women riot of 1929 they also remain the only ethnic group who dared to breakup from Nigeria, they fought a civil war for 30 months and lost millions of their loved ones to this cause

And you still call them dumb chest beaters

I think they are the bravest

don't mind the stupid bitch...can't refer to him as a man ,cos only bitches talk and think like that...

Aburi001:
Bubu isn't ready to die now, it's obvious.

Make another man no come dey enjoy Aisha in the other room....lol

Kai Kai Kai

mrvitalis:
It obvious nnamdi Kanu will be found guilty of treason and will be hanged unless he begd Buhari for presidential pardon

is obvious you are a clown when it comes to politics

veekid:

---

people wicked oooooooooooo; see eye like afternoon winch

this one self sha ...haba naaa...afternoon winch

Just like he avoided river state with ears infection.... Mbok ,which one go be his excuse for enugu fearless general

Onechancearmy:
Nigerian version of Caitlyn Jenner. Man wey package as woman. Dem really "fine" for dat family. I sure say na King Kong be the ancestor of the OKOROAWUSA family.

[color=][/color] ..as in hèeeeeee

Even her ugly brother fine pass her self ...chai.....no need to said God will punish them ,cos he has punish them already...horse face goon's!!!!

ThumbzTNA:
Our cone headed brothers of the brown roof republic will be weeping into their stale amala and ewedu as they read this news.

I'll loot anythg lootable and take myself off to Colombia...

FisifunKododada:
Taraba and Sokoto

Funlordjnr:
Appearances can be deceptive! He would definitely have a shave and wear some fresh clothes in court to give off a false sense of security to his watching followers but mentally he is cracking! There is NOTHING worse than having your freedom taken away from you! That's why the worst crimes are committed in jails!




You could see the frustration boiling over on his last appearance in court!

and he was also wearing a fake weight to look healthy and well feed right ?

There are more chances for Nigeria to become world most powerful country than sheku ever being captured (by Nigeria army)

lordfizco:
atleast I have sense more than ur lineage

at least I have a lineage ....am pretty sure you've sold your testosterone to buy data and poor out your stupidity for everyone to see....

lordfizco:
And u think u are making sense

and you think you have enough sense to judge that?

QuotaSystem:
So by your logic, most billionaires find new smartphones and technology difficult to operate so they settle for simple ones....

BUT they always have Apple iPads at home that they use to tweet?

Wow.

not my logic ,but my experience!!!!....and then u don't need to stress up to take a picture or post it ....and even thou,your daughter or son can always do that for ya when needed....i do it for my uncle all the time ...don't be duno