₦airaland Forum

nairalanda1:
Well, at the end, cost reflective tarrifs is the first step.

You think? I dont think so for the simple reason that way pay way to high in Nigeria when you factor in the opportunity cost involved ie self power generation in the name of petrol. Generation and solar.

Elxandre:
It's not same engine though.
Mdx is 3.7 whole Honda is 3.5

All parts are the same
Did you check the price?

nairalanda1:
They are...plus it is not the disco's job to build power plants. That's the GENCOS.

But because of poor revenue from tarrifs, and the government not coughing out subsides with ease (and thanks to very low oil prices this year, it looks bad for subsidy payments already)....discos do not earn enough revenue to pay GENCOS (That is also why discos reject power sometimes).

So, GENCOS don't make the money to build power plants. And they cannot attract financing because revenues to the power setor are so low that no bank or financial institution would lend them money.

Yes, no business has a bottomless pit of money. MTN and Airtel financed a lot of their telecom expansion here via loans and loans. And they got it because until 2013, government was not exercising price controls...and even when they did, the price controls did not force them into massive losses.

BY the way, three discos are insolvent because of the low tariffs they were forced to charge under government subsidy.

ALl what you said is true to some xtent, however if the pricing and billing mechanism gets sorted out, they Investors can forecast howmuch they can make or cannot make. Take the west as a case study when it comes to Energy, the Gencos also have retail outlet. Also that TCN should be rid of.So concentration and emphasis should be geered 2wards billing and loss prevention.
I work in this sector in the Uk(Energy) so I kinda have a clue to what they are facing, we faced thesame thing too in the Uk back in the days bypass and stuff.The solution is simpple, build it they will come approach.

nairalanda1:
1. Estimated billings happen because of the subsides and the price controls inherent in subsides. The power companies engage in ripping off some of ther consumers, otherwise, their losses would be in excess of N10 trillion per annum (okay that's an exagerration, but for illustrative purposes).

2. Any investor invests with the idea of getting something out of it. It's kind of how the world rolls. Like I say here many times...people love to be paid, and people love to make profits. My grandfather was a big shares man, and he invested in shares because he expected something. It wasn't for fun.

Unless you want something like the Soviet union was doing...free electricity. Which at the end meant huge debts, which eventually partly led to the collapse of the USSR.

Electricity costs money. A lot of it.

1 Estimated billing is not limited to those with readable metres, some do not even have metres. Estimated billing is not a benchmark for Subsidy, we have xtimated billing system in the UK. You can only subsidise what you produce or buy, in Nigeria there is no electricity to buy or sell, we have next to minimum, so what's is being subsidised? The already epileptic power supply?

2 You are saying this is how the world roll, take the Telecoms as a case study. When it was sold, did the FG have to provide money for the investors to set up> No they went up with their own money to improve to the state they are now, they all have now migrated from Diesel power to Solar power eliminating the Nigerian factor .The way 4ward is make a clear policy to get rid of xtimated billings, make us all get prepaid metres and they can increase the price let us see if they wont be forced to improve the service cos as things stand, we pay way too much for power when you factor in cost of petrol. Diesel .There is no amount they can increase to that will dwarf what we already pay to power our homes when there is no electricity.

casualobserver:
The irony of this matter is that he was not even arrested on GTB! It was after he left GTB that he was arrested in his car!

His lawyer said he was arrested after he left GTB. GTB released a CCTV video showing him leaving their premises.

Our youths are brain dead!

Did you watch the vid?

nairalanda1:
GEJ where there was no light in my area for months, one time?

Ok o. . T-pain is still a bad leader though...but GEJ? Back under his time, we had the same complaints.

Also, GEJ introduced the price controls and subsides regimen that prevent power companies from making a profit to fix things. In the name of helping the poor.

As I said, I no support t-pain or gej or buhari o.

Arrant craaaap,The DISCOs are meant to invest their own monies not catch out on an already decaying infrastructure .How many new Gas power plant have these so called DISCOs built?

nairalanda1:
Amen, but the low tarrifs are why we don't have power.

Also, large swathes of the country are made up of people who pay nothing for power, or pay something like N2000 monthly for power, when they use N50000 worth of power, or bypassing their meters.

When a business has a lot of its customers underpaying, we end up with poor service.

This government is useless, but the power problem predates them, and it is due to the above factors.

I disagree with you, its lack of policies to sanitize the whole system cos of greed of xtimated billings investors do not want to invest in the power sector they are just interested in what they can get out of it.<ore people use power than mobile phone in Nigeria.

dustmalik:
I am just coming from a protest on the poor power supply to my estate and other estates within the same axis. This axis is within the heart of Abuja, I mean within the capital cities of Abuja, and this animals are talking about increasing the tariff. May God punish all those still supporting this useless administration.

You guys should form cooperative and generate your own supply, thats what the estates round my house are doing right now, Solar is the way

OndoNews:
https://thenationonlineng.net/brace-for-cost-reflective-tariffs-minister-tells-nigerians/

We go soon pot to Solar, make una nor wory

Thundafireseun:
This can only happen if you are a rich man….

No Nigerian girl will kneel down to collect any thing from a poooor man

Rich people do not marry poor people

Testimony1988:
Not in a building of N150M.

How much do you think the Land in Ikeja cost on average have a guess please

TruthDefender:
Where's Samsung Galaxy Z Fold 5 and 6 ?

Where's Samsung Galaxy S25 Ultra ?

These three phones sold above 2 million at launch and are currently sold above N 1 million in Nigeria

Average Nigerians cannot afford them, that Z 5 and 6 cost nearly 2k Pounds, which are above N4m

Wealthoptulent:
yes oo I REP FOLD 5 and ULTRA 24. they both above 2M each and not 1M (£1,750 & £1,300)
ONLY 4 are PHONES, except for 1, an Electronic DEBIT CARD (with only 7 day/1MO APP TRIAL rest is SUBSCRIBED for ....) same APPLE that EVE gave our Bra, and we all in DEBT of SINS today.

over hyped mobile..... i go Drag dem well well oo

Bros, if your Z fold is less than N4m, nah Made in China you buy

NewDigitalWorld:
Source: https://www.vanguardngr.com/2025/05/5-phones-over-n1million-in-nigeria/

Oga the Z series cost way more than that

Testimony1988:
Am talking about caution fees and not the rent, caution fees of N250k is on the high side, it depends on what is in the house, building that type of house with that amount won't sense because the Landlord will be expecting someone who is rich like a business man, politician or a musician to stay in his apartment, people in the middle class won't be able to pay for such property.

SO you mean to tell me no middle class person live in Ikeja?
Are you being serious

Elxandre:
How's the fuel consumption? Is it "tolerable"?
Are you sure 8 to 9 can get toks?

same Engine as Honda Pilot, I got my Dad one few years back

lumens:
A quick one guys.

A friend of mine has about 8 -9 million naira.

What car can she get at this rate?

Acura MDX 2009 foreign used

Testimony1988:
I won't even stay in that house, those staying there shouldn't complain, but the Landlords should be fair and not to attach high prices on their buildings.

You still refuse to answer, how much do you think is a fair rent in that instance, cos that there is the actual reality on ground

Testimony1988:
Because they build house with 150m, you are supporting them to get back their money overnight abi.

Options are there.hkwmuch do you think is fair rent in a y3ar for a 4x2bed room built with N150m?

Infoguy666:
https://news360ng.com/breaking-efcc-arrest-verydarkman-in-abuja/

GTB,Una don kpuff una seff,now people go follow una matter

Testimony1988:
Rent is not cheap in Lagos, the Landlords can meet the government to discuss what is bothering them, to you it means you are convenient with the caution fees, what of others who can't afford the caution fees?

And you think people who built houses to let are rich? No they are not, they invest and xpect money.
Rent is very cheap in Lagos relative to the land. In Ikeja how much do you think 100x50 cost? do you have any idea how much it will cost to set up a 4x2bed flat single storey building?, let us say N150m,When and how long do you think the landlord will start making money?
Nothing is bothering the landlords rather its the Tenants who fail to see the new reality and hold its government to account. If anything goes up in price to a distributor a a biz entity its the end user that the difference gets passed on to.
If you check, this is one of the reason people do not live in central London rather they live round it.

Testimony1988:
The house owners should find time to meet and discuss with the Governor with regard with the issue, but that does not mean that the landlords should attach ridiculous caution fees to their buildings just to regain back what they have spent, but the rent is also not cheap, then why adding caution fees.

The rent is very cheap regarding the cost of building.
U are funny when government increases these fees do they gather the landlord's to discuss??

Richhard:
I'm in Nigeria bro

AliExpress does Nigeria

Richhard:
Good day bosses, where do I get OEM shock absorber for RAV4, preferably a place with an online store/ online presence.

Online. Oss.Alo express I think or Ebay if possible

Testimony1988:
Lagos Government, hmmm, they know what they are doing.

Have you stopped to ask yourself, why the Lagos state government are not reducing the charges they level against ordinary people trying to build houses?
Any Idea howmuch they now charge for Cof O

Testimony1988:
It's only in Lagos state that caution fee is common, it should be banned, there is no need for that, if any repairs before the tenant leaves, its then he or she can pay for the repairs.

Says who?
If caution fee is abolished Landlords will just add it to the rent.or call it a different name ie deposit.

Testimony1988:
Do you know the amount he collected from the tenant as rent and he still collected caution fee? The caution fee is just like rent in some states.

What state do people pay 100% in Caution fee??

Testimony1988:
After collecting higher amount for rent, why collecting caution fees, that's unfair.

Howmuch do U consider as higher amount of rent?

Originalsly:
For a faster turnover ...no doubt ... building and selling ....but for the long haul ... renting. Note ...I do agree with you that for a "traditional tenant" ... I don't think it's worth it.... unless renting to a corporation or State/Government agency that will pay an "exorbitant rent" and not likely to damage your property. To rent to a regular working man....regardless of his status... is a gamble...and the compensation not great ...moderate..but not great. It is the reason I would advice rent as in AirBnB ...short time .

I can nack my chest and tell you that building a residential house is waste of time and money.If you go fru my thread you will see one where I actually did a DIY build in PH, with the amount of money I spent on record, Mo way I can get the money back in my life time even though am a young man.The 2 bed is N1.5M ,with inflation biting hard Money now has no value.
And I agree with you, Air BnB is way better or hotel

lightwind:
This Man you don teh for nairaland forum o

yesoooo

Seun:
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