₦airaland Forum

subsidywise18:
Well, they will have to.

1.Cost of business is rising due to the international rise in oil prices...which also affects gas.

2.Power companies are running at a loss, and even with government subsides (supposedly discontinued this year, but still around, IMHO), they still lose at least N1 trillion a year, because it is NERC, not the sector, that sets tarrifs.

3.The value of the naira is falling because we run an economy based just on the cost of crude oil...and right now , even with the rise in oil prices, we have to pay off debts, plus feed the subsidy monster...which means ....not enough forex to keep the value of the naira up.(We still have to save something too).

Ye cannot pay for power less than the cost it takes to produce power, and expect to have power 24/7. Ye have GSM because you pay for their service at the cost the GSM companies set.

Below: Page from the PwC report on power. Solving the liquidity crisis in the Nigerian power sector.

Ahhhh... Seems like this one is one of them sef. Thank God for NERC too, if jot for them you people's plan is to only give light to the rich alone, while the average masses stays in darkness.

Our electricity distribution company is full of greedy fools that came from hell.

Nonsense

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