₦airaland Forum

nairalanda1:
And I have a question for you....if you invest in a business, but are prevented from making a profit by the government forcing you to sell at a loss, would you make a profit at all?

Discos naturally have invested money (and in the case of ABUJA disco, which supplies where i live)..fixed up some things. What we are quibbling over is the ability of the discos to keep those things running, and to make more investment, hence my question to you?

Power sector i n Nigeria is diveded into Generation, Transmision and the end sales people AKA DIscos,
so what you are saying is to side with the Discos to increase cost to the end consumer whan in fat the producers did not increase power cost?
SO if you are a distributor and you buy from me @ N10 and sell at 10% profit via regulations for tha past 10 years nothing happened I never increase my price you suddenly want o to increase yours to 20% profit and you want the FG to sit back cos you must make profits? Its the FGs right to protect consumer if not we dead. Let me also tell you something I know from inside, the DISCOS are the major benefactors in all this, they add nothig and claim a lot ask me how?

nairalanda1:
And I have a question for you....if you invest in a business, but are prevented from making a profit by the government forcing you to sell at a loss, would you make a profit at all?

Discos naturally have invested money (and in the case of ABUJA disco, which supplies where i live)..fixed up some things. What we are quibbling over is the ability of the discos to keep those things running, and to make more investment, hence my question to you?

you failed to answer the question or rightly you do not k now.There is no shame in admiting you dont know.I have worked in major i nfrastructure round the world in stuff like this and I sort of have an insider hence Im saying what I am saying my question are to geer you into same atmosphere so we can have a convo.The answer to my question is almost ZERO, the inherited old nepa pay offices and thier staf which by the way ir reducing by the day.Prepaid has cut the numbers of workers down to the bare minimum as they now have no wire to cut but patrol.

nairalanda1:
I think you are missing my point as well.

They did invest, but the price controls kept them from seeing returns on investment, which naturally impacted their ability to make a profit and improve things using said profit.

I am trying to prove a point hence that question, what physical investment do you think DISCOs have on ground that is part of thier overhead eating into their profit..

Foxie:
Yes please.

O dear

nairalanda1:
Telcos were allowed to set their prices as high as they could from the word go. Results: profits which were used to improve things

Discos were not allowed to from the word go. And even they had prices frozen. Results..losses, even as early as 2 years after privatization.

See the issue?

Ok tell me what does DISCos invest on?what i infrastructure do they have to build or improve on? cos it seems I am missing something here

nairalanda1:
The telcos did not have the equivalent of NERC telling them to set their prices at 'cheap' rates either.

The Power sector has a NERC that tells them to set their prices, and unlike telcos, where you have to pay to use a phone,(and where all the cheats have long since been wiped out), you can bypass your meter and enjoy power for free illegally...as do a large number of Nigerians. That hits profits badly.

See the problem.?

Rightly so, but see how expensive it was when it started, if not for competition the cost would have gone way up the roof as we speak.Why would they DISCOs be allowed to up thier prices when there has been no significant change or improvement to power supply.The new Law passed on by PMB enables them to generate their own power, transmit it and sell it, that's what they should invest o n.

nairalanda1:
Would you invest more and more of your money, if government forced you, assuming you were selling rice, to sell a 50kg bag of rice at N1000 instead of N40000 that you intended to sell it.?

Things, sadly, cost money. It costs money to do business. People would only invest more of their money if they would see returns on investment. With government forcing the power sector to sell below produiction cost (in 2019, it cost N58 to produce 1kwh of power, yet government had been telling discos to sell that kwh of power at N20-30)...HOW WOULD the discos survive.

Three have even collapsed under the strain, even after doing as you suggested. They are now bank-run. Them banks called in the loans.

Power is meant to be run as a business, for the benefit of the business owner. If you don't like it that way, then form a Marxist party and seize the means of production, and sell power at N10 per kwn, and pour in money....well it was tried before, and it led to society collapsing after several decades.

The pricing is right at the moment, their problem is not enough customers. This was what the telcoms did, they invested heavily and the result me n you know,Coys need to have a focast for up to 5 to 7 years of still profits b4 they break even.The electrical mkt is consumer based and we have more than 200 million homes that need electricity so its a big mkt.

NB
I found out the DISCOS are parading a scam as well where they return power generated by the GENCos and still charge its customers the said power but no return to GEncos.The FG should formulate a plan to force the DISCOs to invest in power generation or own part or % of GenCos.FG should iether get a stake in Distribution or leave it i n total to a new interest party ie the DISCos, cos at the moment all the DISCos do is Buy power and sell it to us and make profit.

Inspirer1:
You can imagine spending 16 billion dollars some years ago and nothing tangible, even Dangote refinery is estimated at 20 billion dollars now...

Well we can now generate and sell power back I think, PMB passed that law

nairalanda1:
And you can only get more generation if the DISCOS are allowed to make enough profit by being freed to set their own prices, and by government not setting their prices for them, and not paying subsidies....which would enable the discos to pay the GENCOS...which would enable the GENCOS to make a profit to expand generation.

Very simple.

Nop, they are greddy, they need to invest their own money into the system, now tell me What has the DISCOS invested on? what infrastructure have the put on the ground?Even prepaid Meter they are charging us.you buy power online they charge you N100. and if you do not have a prepaid Metre you are charged average of N25k up for a 2 bed flat.

nairalanda1:
The answer is simple.

When privatization happened, government , to cut a long tale short, kept control of prices through NERC. To the point that the sector could not make enough profit to fix things. This is something that discos and gencos have been screaming about.

Buhari even went as far as ordering NERC to freeze prices for two years...whilst other costs increased. That was a wonderful decision.

Throw in the fact that power stealing is still a big problem....and the result is a sector running at zero profit and having to be saved by subsides on power.

This paper from 2019 gives one a good summary of the problem. And today, the subsidy continues.

But when you tell people on this site, they scream, cry and lose their mojo over the simple fact that capitalism means working systems, while socialisim means destruction.

Things, as has been said in many ways, cost money. Kudi. Gold. Calling me a government supporter does not change that fact. Nor does it change the fact that free electricity does not exist (unless someone at CERN invents nuclear fusion at a grand scale).

We have an issue which is the BONE here, Generaration, wee need nearly if not more than 100MW, we have 15mw.We need more power generation.The thing bout theft can be fixed easy, we just device means of distributing

Thonyboy:
https://.ng/2024/01/02/school-feeding-to-gulp-n100bn-in-2024-tinubu/

Feed WHO??

Coiner:
That is 4 buckets of Matte for outside walls and ceiling. 3 buckets of Satin for inside walls? Wow.

And my Painter is saying he has used 6 buckets of Matte on just my Pop ceiling inside. And 3 buckets of Satin for just my masters, one visitor room, parlor and Ante room.

That's 9 buckets and the job isn't half done. He is estimating I will use 15 buckets.

Just buy your paint yourself and let him paint

BrickDevo:
Am short of words, I have nothing to say but apologies and patience from Rawgold300,

True he engaged me, I visited his site, we video called and exchanged Ideas with him, the engagement was to produce interior and exterior designs for his building.

I first designed the kitchen and sent him the 3d, which I did with the office computer, but along the line, right after I paid rent, I lost my full time job, I was struggling to complete the drawings, feeling depressed, detached and over my head, there was delays because of the complexity of the job, I promised him high quality designs, my computer couldn't meet up.

I however pleaded with him to give me time, hoping I could find a way, he was not having it, after the deadline have been reached. When it's clear to I can't continue after the threats he dished out, I have to send him all the complete Interiors 3d renders I have done, which was of all low quality, I felt bad, just to show him I was struggling with it and did put it in work.

I also told him to give me time, I will refund him in parts, told him that I want to sell that pc and make up money and buy another pc, I also offered to be indebted to him and work for him in any future build till the debt is repaid. At a time I offered to drop the PC as a collateral, but if I do that how do I make up the money for the dept I am owing him.

I apologize to Rawgold300, and to anybody that feel disappointed in me, all am asking for is patience for the payback, there was no intention for scam from the beginning, If so I would not video call him, visited the site, up till now, we still chat on WhatsApp. There was no intention of scam and will never be.

At least you hold up,this can happen to anyone, I realy hope you at least do the JOB instead of refund. Please engage him and carry him along with the true situation of things.nah money go lost nobody die.Maintainc omunication as comunication is god in cases like this

visaclick:
YOU SEE LIFE NOW, THE COUNTRY NOW IS ALMOST NOW IMPOSSIBLE TO SURVIVE BUT RATHER THE POSTER WOULD TAINT HIS NAME INSTEAD OF BEING PATIENT WITH HIM TO SEE HOW THE ISSUE CAN BE RESOLVED OFFLINE.

HE NOW WENT FURTHER MENTIONING DENIS AND SPYDER AS THE ONLY ONES TO BE GIVEN JOBS ON THE PLATFORM. SO YOU WOULD RATHER GIVE YOUR PROJECT TO ALREADY MADE BUILDERS RATHER THAN SUPPORTING THE GROWING ONES, AND WHO TOLD YOU THAT DENIS IS NOT A SCAM OR SPYDER NAME IS TOTALLY CLEAR OF FRAUD OR YOU THINK THEY DONT KNOW HOW TO COVER THEIR TRACKS. OMO THIS BRING THEM DOWN SYNDROME HAS TO STOP ON THIS PLATFORM.

IF YOU GAVE HIM A JOB AND HE REFUSED TO DELIVER WHAT STOPPED YOU FROM POSTING EVERYTHING HERE FOR THE HOUSE TO RESOLVE. WITH THIS KIND OF APPROACH DONT BE SHOCKED WHEN EVEN YOUR OWN STREET IS NO MORE SAFE WHEN EVERYONE WHO CANT SURVIVE RESORTS TO KIDNAPPING AND ROBBERY. HOW CAN YOU MENTION JUST TWO PERSONS HERE AND SAY THEY ARE THE ONLY ONES WHO SHOULD BE GETTING JOBS. EVEN THE DENIS WHAT IS HE, AN ARCHITECT OR ENGINEER OR BUILDER OR THE THREE OF THEM ONLY SPYDER IS THE ONE I KNOW THAT STICKS TO BUILDING ALONE AND THATS TOTALLY PROFESSIONAL OF HIM.

SOMEONE THAT HAS ALREADY SOLD HIS LAPTOP WHATS REMAINING, IS TO BUY A GUN AND START ROBBING. YOU ALL VOTED FOR EMILOKAN AND NOW THE COUNTRY IS ALMOST A HELL HOLE TO LIVE IN. MOST OF THE CLIENTS HERE DONT WANT TO BE PATIENT WITH NO ONE THEY ARE QUICK TO CALL YOU OUT. IS THAT HOW THE LIFE SHOULD GO ONE,POURING WATER INSIDE AN ALREADY FILLED OCEAN RIGHT? USING ALREADY MADE BUILDERS WHILE THE REST SHOULD GET ANOTHER JOB OR GO INTO FRAUD. HMMMMMM IT IS WELL OH BUT I DO KNOW THAT I WILL NEVER SPEND MY MONEY TO HIRE SOMEONE WHO ALREADY HAS ALOT RATHER I WILL LOOK FOR AN UNDERDOG AND RAISE HIM UP. Because am not a money miss road.

Absolute craaaap, have you any idea if the OP borrowed the money to give your guy?

Heffalump:
They're just playing with fire.
The Boat look like fishing boat sef

you think, these guys get Nuclear war heads ahha

Righteousness2:
Any being or nation who puts himself against the Apple of God's eye will sink in the red sea like pharoah.

See them

BRIGHTTAZ:
you are surprise to me for writing on a matter that you don't have fact on.

Did you not see a guy on here who's office is next door speaking on the matter on here? he made reference of them going back and fort about this matter for ages, hence I said do your research very well The guy spoke openly on here that they the authorities did not collect rent or taxes for the period in review.

BRIGHTTAZ:
you are surprise to me for writing on a matter that you don't have fact on.

You recon?

DamnnNiggarr:
Oyedepo releases prophetic declarations for 2024

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Daily Post

After all that, you need to work and work hard cos most things starts and end with money

YourKarma:
People said this same thing about buhari, that's it's too early to judge. That's how we lost 8 years of national development

Oh least u 4get, his body language

fergie001:

https://www.youtube.com/watch?v=fXoIMyQxo7M
President Tinubu's New Year message to Nigerians (Video)

Same old balablue

Chicagograduate:
That is a government land not POWA.Powa is like the office of the first lady without any contribution to the economy other than using the position of their police husband to become dictators and obtain budget from government.
They will renovate the building from government budget and give it out to their friends and family.

The whole Idea of POWA was build markets for the wives of police officers and their family to trade within a barrack. These wives if not in trade now have the rights to give them out to outsiders who will trade there. I stand to be corrected cos as a young boy at Alhausa police barrack opp Secretariat saw the 1st POWA build inside then round the back opp MKO Gardens.

ufotunang:
You have to compensate them....they paid rents, taxes

Do your findings, they did not pay rent for the times in review

Yankee101:
This is becoming a targeted assault of peoples wealth
Why did you let them build in the first place? Accepted their ground rent and took revenue from them?

do you know what POWA is?Its a market build in or the walls of a police barrack.by the Police officer wives association of said barracks.In teh Army its MAMi mkt

Supremos:

https://www.youtube.com/watch?v=8jGONa-7kZE?si=ssJv7R9oA1QY7YCK


Let's appreciate our police men for risking their lives for fellow citizens.

What a relief. Well done MPF

Realtruth2023:
The same you guys said the refinery is not working. Which means with test running it is still a probability that it may not work by January. Why is I difficult for APC to tell people the truth?

Not just APC, politicians never tell the truth if they did, they will never come to power.

happney65:
He spent a lot to make it work and when he discovered it can't he sold it off before Yaradua reversed the sale.

You can't know better than Baba because he has once sat on the seat. Anything else they do there now is just to chop money.

Baba,said it can't work and it's better off sold but you osinwin people think you know otherwise

Baba was right cos the monies spent on the refinery now is now enough o build at least two refineries.

happney65:
All these ones you are saying na story. We were told it was going to work December and refine fuel. That is what we were told but some of us has been following this thing a long time ago and we didn't start when social media came where a chunk of you get your news from

Wetin concern us with mechanical parts,this part,that part. We were told it will start refining fuel for the market in December that was what we were told. But as sensible people knew,it is just a nice conduit to chop money.

See, Obasanjo himself spent a lot to make that thing work. He did "TAM" Turn around maintenance of the refinery and he discovered it is obsolete and can't work that was why he sold it off

18years after he left government, it hasn't worked even after subsequent governments spending a lot of it.

Btw, didn't you see leadership or which newspaper reported days back that what was showed you recently was just Sakamanje.

E ma tan ara yin

They do notknow.I swear t God if this refinery do eventually works loads of our so called Big men wil bankrupt.

Kayrich:
This is no news to many quarters because they do not want to hear success again but always failures. That's how bad my country is.

Success is when we buy petrol refined in the gadamn refinery ,until then its shyte still!

coleon:
Why are you passing that burden to him pls? It is Tinubu that contested election to be president and not him , so why should he be the one to fix Nigeria?
Some.of you are so used to suffering and bad leadership that you defend anything you see.
Even though I am not the president but in my own small leadership position I can list at least five things I will do differently that your messiah has not done. Useless slaves always defending their slave masters.

you know sometimes, people suffer so much that the ills becomes the new norm. They do not know the difference.

Bobloco:
https://www.vanguardngr.com/2023/12/just-in-port-harcourt-refinery-still-test-running-nnpc/amp/

NEXT

Foxie:
Last night a vehicle carrying 4 persons had a near death experience as they tried to cross the railway, while there was an oncoming train headed towards Mushin tollgate axis.

The vehicle tried to cross before the train got close, not knowing it was already in front of the train. The car was badly damaged. The occupants of the car were 3 men and a lady. The lady was badly wounded and was immediately rushed to the hospital.

Please let's be careful out there, let's not always be in a hurry. Try to be observant when driving or walking on the road.

I don't know that place but if I may ask, is it a designated crossing point for cars?