₦airaland Forum

nairalanda1:
Just for you..

From solving the liquidity crunch in the power sector. Shows how your favoried solution of price controls wrecked the power sector. Was not written by APC Or PDP By the way.

I'm done. Good afternoon

These are just filmsy excuses that as left the Power sector behind, all they do is forever complain,
In business, challenges/problem are inevitable, how you chose to mitigate is what gives a leverage to advance

Oga are you aware disco don't even have infrastructures that can transmit 4000mw a day ... what disco transmit everyday is below total generated power ...is that not under utility/wastage

If discos are recording loss its becos People can't be paying for darkness .. in my area total light supply we've had in 14days no reach 20hrs, and most houses here are on prepaid meter how disco no go loss, they crookedly pounce on postpaid customers with estimated crazy bills an expect them to pay for what they did not use ... go le werk, patch patch service will attract patch patch money simple

nairalanda1:
LIke I said, DSTV did not have their prices set by government. Power companies have their prices set by government, which is why they can't make an adequate profit, because government is forcing them to charge below what it costs to produce one kwh of power.

Na you wey dey miss cart for horse. Would your business prosper if government forces you to charge at a loss?

You guys want free stuff. APC PDP, LP Members. Y'all better wake up, ELectricity is very very expensive.

Like that DSTV. It was and always has been expensive. THat's why your analogy is wrong.

If you don't understand my point don't misconstrue, what you don't know ask
Dstv did not have there price set by govt cos it is FULLY owned by a private investor unlike Power sector where[b]govt have a stake hence the price subsidizing [/b] ... note the difference

When i say Power sector should learn from dstv, i meant power sector should learn how to protect it investment from all loopholes, only then they can amasse desired ROI

Dstv will spend any amount to block hacking, dongles or vandalization, dstv is ready to out spend any prospective rival that,
When hitv out bid dstv for premier league dstv did price reduction, and make sure they out bid hitv for longer period ... then they hike there prices thats business acumen

Dstv were not crying to nigerians to 1st pay exorbitant fee so they can get back premier league tv right. Dstv is the most expensive paytv in Nigeria but it is the most acceptable brand .... why ?? think

nairalanda1:
Well, supplying power costs money, and all people look for return on investment

You won't charge N100 for a room in your hypothetical five star hotel, yet you want the DISCOS to do the same.

And when the inevitable happens you complain about bad service.

Face it, power costs money. A ton of money. And cost of things have no respect for any one's pockets.

We can get the discos to invest and give us 24 hour light, but they won't be able to maintain it on starvation tarrifs.

Seems you enjoy putting the cart before the horse, business generally cost money

if i setup a illusional 5 star hotel with plastic chair and bed infested with bedbugs customers will price me anyhow

Any investor keen on huge ROI must be also ready to invest huge, no be say you go do patch patch wan dey charge exorbitant fee.

Should disco invest well enough to guarantee 20hrs supply they will reap there money wella ... all they have to do is learn from Dstv

Paraman:
Though I disagree with that guy quoting outrageous price, retailers can fix any price they want.

There is no difference btwn you and the guy you disagreed with ...
There is something called Profit Margin, which is computed from production cost,
no retailer can just wake and sell Coke/pepsi for 500 except lounge & 5 star restaurants

E.g Fuel pump price is #620 at filling station, but the retailer in my area from keg sells @ 660 .. meaning her profit margin is guided

nairalanda1:
So why are you opposed to discos setting their prices so that they can have enough profit to pay for improvements, pay the gencos and pay the TCN? And the gas companies?

Why do you oppose.the true deregulation of the power sector,which would mean more investment into things like mini grids.?

There is nothing like cheap power. Power sector suffers from lack of a cost reflective tarrif. That's why there is a lot of mess in the sector. Even with privatization for the last 11 years?

Investment preceeds Profit not the other way round, the reason we are resistance to disco setting there price is because nothing they have on ground can reflect "value for money".. You don't expect people to be paying for darkness, infact cost reflective is subservient to value for money
Lemme give you an instance, If you build a hotel calling it a 5star is not what makes it a 5star, the service, furnitures & fittings is what makes it a 5star hotel ... you can't put plastic chair in a standard room, charge 100k and expect customers to pay because you promise you will upgrade to upholstery as the money is coming in. you go gree pay
In the last 16yrs over $29bn as being invested in the power sector without results, thats tell there is a root cause that needs to be address ... cos even if Disco make all the money and corruption remains, nothing will ever change

whatever profit wan do for disco, $29bn suppose don do am

nedu666:
What are you celebrating? Dangote deals with wholesalers or major distributors. If he sells at 1k to them, how much will they sell to retailers and how much will retailers sell to final consumers. Las Las price will still come up to 1400 or 1500. Outside lagos 1700 or 1800. So what are we celebrating

Are you speaking as a novice or as a bad belle, how can dangote drop diesel at 1000 and retailers will sell @ 1500 (50% profit margin) haba
The only cost incured is logistics, highest pump price should be between 1100 -1200 depending on location. lets be reasonable

nairalanda1:
Well, even then, globacom and air peace.dont have their prices set by government. They can raise or reduce their prices as they see fit

Power companies cannot, as a result all.the mess they have.

If you understand economic well enough, even govt setting the price is not ideal,
competitive market is what should set the price, that is the organic measure that can trickle efficiency and satisfaction

If you are not a GenZ, Ntel had as much mess as whatever Mess you envisage in Power companies but there is no sector TRUE reforms can not fix, they are not just ready nii

If Govt is ready let them fully unbundle and decentralized transmission company into state-owned, however most of these power plants are sold to politicians and not real investors that should be re-visited & fixed

Iamzik:
The advise to hurriedly sell dollar is for those who bought it for speculation and they are already running at a loss

But do you think that someone who made his dollar legitimately from selling real goods/service should also hurry to sell?

This advise and talking point is no longer making any sense. If the dollar I have predates this exchange rate madness why should I sell. Dollar holds its value and remain a good store of wealth irrespective of whether naira rises or falls.

Have the politicians including Tinubu sold all their dollars?

I get the angle you are coming from, infact my last comment i mention there are two kinds of people with dollars, those earning dollar and those that bought dollar as an investment .. the later are the enemies of Nigeria and the ones in big Mess cos they used hard earn naira to buy dollar , for them the devaluation is in the naira cost

what you bought @ $1/1700 is going to $1/900 .. dollar hold it value but your 1700 to $1 is gone

StraightGaay:
The advice is for us that have dollars not for pigsty residents

There is a difference between those earning dollar and those investing in dollar ... if you belong to the later you for curse aishat

nedu666:
She is right. Keep ya dollars closer. Afterall Nigeria leaders have not sold the millions and billions of dollars they stashed in Switzerland. Why blackmail me to sell my own dollars. In everything you do, emulate Nigeria leaders. They keep their dollars, keep yours, they seek second citizenship, seek yours, they have no faith in the future of the country, do the same, they run abroad for holidays, oga do the same, they buy foreign goods, buy the same.

Your Sermon is not for people with eye ... with dangote refinery unfolding dollar is not going up anytime soon and majority of the investment trapped belong to JJCs & mo gbo mo ya in the FX world ... what you bought at 1700 is 1000 and most likely to go 900 thats one hell of risk for any investor to bear

People shouting keep your dollar might not even have dollar invested

Racoon:
The lie and propaganda government is simply subsidising the dollar just as they are doing with the fraudulent fuel subsidy case. This is because the price of goods and services are not on a commensurate downward trend as the dollar is allegedly doing. This is why Reno Omokri propaganda of recent is only focused on this issue.

Is it dollar that is suppose to determine the prices of goods, or Forces of demand & supply

Bread bakers that claimed dollar rise is responsible for hike in price have suddenly shifted goalpost to ukraine war

Local manufacturers that were once citing high cost of diesel for production & transportation as cause of hike in price have suddenly shifted goalpost to Band A tarriff

What as govt propaganda gat to do with any of these characters

Emma09:
Very true. How as a man u can't provide for ur family and not expect ur wife to cheat on u? Almost very impossible. Make God no make me fail in my responsibility as a man o IJN. Amen!

As much as you want to drive home the point "Men must Provide and take charge, don't justify cheating

There are Men that provide 100% and there wife still cheat with driver or EX, not guarantees anything however both genders should just live up to there responsibility

paramakina202:
Even if it wasn't at the rate they met it in 1999 the difference wasn't much in 16 years they were in power compare with apc in just 8 years. Apc is like a teams that conceded 12 goals in first half and Got back 3 goals in srcond half and start celebrating even though they are still losing 12-3.

And PDP is like what ? did PDP win ?

LegendHero:
Omo when I sent money to my guy 2 days ago, my body do me one kind thing like I’ve been scammed. Imagine $$ wey you go send $100 give people wey them go praise you coz like 170k go biza, now that same $100 na just normal 100k.

Naira at almost N1097, today trading almost closer to N1000.

Cardoso should just make sure it never go above 1k ever again. They should deploy every strategy and make sure it get to a certain amount and stabilize.

God bless Nigeria.

I presume you are abroad, which ever rate the dollar is in Nigeria how is it a scam to you, infact people in diaspora are the "scam" ... lil change you make there you come home or send and start feeling like odogwu, $100 to 170k is ridiculous

pocohantas:
Bread contributes to the big stomach of Nigerians. It shouldn't be expensive. It should be sold at giveaway prices. Including that overhyped Bokku bread.

butter no be monkey food naw

tollyboy5:
Oil dey your head bro.
In the real market it's greed that is play not basic economic.
All this their union and associations are part of the problem too.

i always tell people, when you are talking about Nigeria you have to put Book or whatever you learnt in school aside ... Nigeria is blessed, we don't even have natural disaster but One big Disaster we have is human factor

In Nigeria economic, forces of demand and supply are in one cell, what we have in play in market is cabal and cult-like forces ... few people hijack supply and dictate

Govt closed Land border to foster and promote local production ... on 8yrs assessment weytin we gain, sometimes i feel local producers are solely fixated on Profit making, in as much as they keep putting Profit ahead of standard service & products there won't be progress

What they've fail to take into cognisance is a satisfied customer will exhibit loyalty and vulnerability to pay any amount to enjoy.

ivandragon:
I 'smell' a strategic game by APC in line with its usual tactics.

Worsen power supply to the extent that Nigerians make it a daily cry.

Then when the rains come and it improves a little below previous levels, boom, minions will roll out the drums on how power has tremendously improved under bat.

If one checks apc's governance history, that's how they operate.

Took dollar from 216 to 1,900, then down to 1,200. Rolls out party drums.

Took PMS from 87 to 600, brings it down to 580, calls it massive reduction.

Caused 50kg of rice to rise from 8k to 80k, then down to 70k, calls it evidence of reduction in cost of living.

See the pattern...

If you had use the same Analogy with PDP, you would have realize they politicians/govt are all the same

Under PDP did dollar not rise

From Obj to GEJ was Pump price not hiked and later produce after protest

On bag of rice check the price difference between the Obj era and what it was in GEJ administration

The difference between PDP and APC here is;
Deterioration rate

nairalanda1:
3. Power companies want to give light. They have to make a profit doing so to pay for expansion, upgrades, staff salaries and so on. They are not madt to refuse to supply power. Like you want to be paid a fair wage for your work or make a.fair profit from your business, they want the same.

Hydro is not sufficient a

Believe that junk of lies at your own Peril,, you know

If globacom had not come on board, till today Mtn & airtel would still have being explioting Nigerians citing high cost of production as a Valid excuse ..
If not for Airpeace , Nigerians would have continue paying through there nose for flight, now look at the price competition going on in the aviation industry, what happened to high cost of operation claim ... the elites class are easily bamboozled becos they think its the economic they read in school in play
TSTV if allowed would have exposed Dstv, cost of operation is valid but over abused

All we need is Just one sincere player in the power Sector and you will see all there Lies lose grip

Kenochi:
In an earlier thread,I stated that Nigeria is the only country in the world that economic activities are run on Diesel
Our energy mix is probably the worst in the world,in a country where people are struggling to produce electricity,you now mandate that all electricity produced should be sent to the National Grid, power is produced in Akwaibom and that power is sent to a Central Grid
That central grid now sends it to Companies in States who now resell it,this is why we will never progress
This Government must decentralize power,let us have Regional Grids for all the regions.
Coming back to MAN,I feel for them,I salute their patriotism because it is not easy producing anything in Nigeria
I also salute Dangote,I sincerely feel they can still reduce the price of Diesel,even if Government can intervene to ask that the price be reduced to at least 1000 naira,it will greatly reflect on the end users who desperately need respite

OGA even though I concur Energy/electricity is vital to Economic growth, even if the government slash the price of diesel to #500 .. Nigerian Manufacturers will still find a way to inflate/hike,
When diesel was reduced, it was dollar they heap the blame on claiming all raw materials are imported, now they have shifted the goal post back to Power. it all reeks of insincerity

The High cost of production that couldnt make Mtn & Econet sell there sim at affordable price Is what GLO incured and still manage to revolutionize the industry ...

Nigerian Manufacturers don't use overhead cost to decide price, rather they are more focus on imported rivalry product price as a Price template.

The most annoying part, the higher the price of a local product, the lower the quantity, quality and standard of the product, dem swear for us for these country

pocohantas:
The man didn't act Christ-like a bit and if I didn't watch the video, I would have doubted such happened. It goes to show the level of classism that has infiltrated the church.

While it is shameful a graduate doesn't speak well or know the degree awarded to her, she already stated her foundation was poor. You learn grammar/languages easily in your formative years. Subsequently it becomes a struggle. Hence the saying "catch them young". He should have simply told her the correct term and if you watched the video, before the microphone was put to her mouth, she said LLB. Maybe stage fright, she switched to the popular BSc and went back to LLB when he mentioned it.

I bet she had the longest walk of her life back to her seat. Maybe a pastor in a neighbourhood church wouldn't have noticed if she said B.Ed. Sadly she went to a big church where the head pastor dresses like a medieval magician.

Yenyenyen ! as if we don't see you school-shame people here for ordinary punctuation, kini iyato yin

did you not tag john an agbero cos of his style of writing
hypocrite ! hiding under mods

millionboi2:
Lazy fool like you, don't go and work,be waiting for the day government will ask you to enter ppl shop pick anything and pay whatever you want.... nonsense.

I can never understand how some Fools reason on these platform, work or no work what as that got to do with the conversation

Whether employed or unemployed asides IGBOS, is there anyone sincere with themselves not feeling the heat of the economy ... inflation na your papa mate

Eriokanmi:
Are you aware the price of a bag of rice has dropped? Do you know why? It's because most of the rice we eat are imported. Imported goods will witness immediate reduction in prices because they are not produced locally. You cannot stock rice for too long. A shipload of rice cant be enough to feed lagos alone in a month so, you expect prices of such commodities to drop immediately as more shiploads of rice are being discharged.

Noodles for instance are being produced locally, pasta, too. They import the materials and keep in silos which could last 3-6 months. until they exhaust them and order to replenish, dollar crashes will not affect price per unit. gradually, if the trend improves, the economy will improve.

If thats your position they i stand to disagree, the indomie you mentioned as slashed price, why will indomie drop price and Sphagetti refuses to drop

If rice dropped becos of xchange rate why as Flour refuse to drop, or is flour not imported

I understand how stock and restocking works perfectly well, but in Nigeria case naa INSINCERITY dominate.

If govt don't take drastic action, local producers and traders will keep finding excuses to justify Price increase

PressMyButton:
Minister of power, Mr. Adebutu is a first class product, i'll give him the benefit of doubt. This repair should be the quickest ever we have witnessed in the country.

Quickest or Instant sef is in material where we've had over 5 collapse within 30days .. the rate of National grid collapse should be understudy by Guiness book

Adebutu hasnt done anything different, the increment of Band A tariff even when its obvious infrastructures in place can't guarantee 20hrs supply shows he doesnt know what he doing

Paraman:
Nah on top nairaland I dey hear of this collapse. There's light in my area

I just hope with the say pride you are using to oppress we that are on band W, you go use same pride Pay for band A

no stories

jayce232:
Enough of the naira & dollar talk!
Even with the naira rise, inflation is still on the increase. Will this crash the price of diesel & pump price in the country? Your write up never addressed that & they are not emphasizing on the price. We have seen cases whereby indigenous products become more expensive than imported ones, everything about this refinery is pointing towards that direction.

No sir, ignorances is not an excuse, if you don't know ask around, dangote refinery from inception crashed diesel price from 1700 to 1200 ..

if you save 500 on 10ltrs that is 5k which is enough to take proserpina out on a date

Jestin:
They should consider price reduction in diesel please. Things are still expensive after decline in Dollars exchange rate so i am suspecting this Diesel ooo

.From 1700 dangote reduce it to 1200, is that not considerate, things are expensive cos Nigerians are there own worst enemy

In the market any trader that decides to reduce price to what it should be ... others will gang Up on him/her thats what they do

Markets are run like cult

Eriokanmi:
Can you produce at the rate of 1,700 to a dollar and sell below production cost just because dollar has crashed to 1000 or below?. Remember production is continuous in the manufacturing sector. If they bought raw materials at 1,700 to a dollar and set the cost of their final product at 2,000 for instance, and they have loads of that raw materials in their warehouses, they must first exhaust those ones before producing with fresh ones bought at reduced imported costs.

Before the naira's strength could have some positive impacts, we will enter june or july.

OGA why is these narrative always one way ... it is when dollar drop producers will tell us they have stock that will last 3month to finish

But if dollar Rise today .... same producers won't wait 48hrs to hike price, why can't they also wait to exhaust Old stock before jumping on New stock price

Even as we speak should dollar jump to 1500 tomorrow , traders/producers will inflate price again .. all that we bought when dollar was 1900 everyone is claiming will be swept under the carpet

koyeni:
We go dy alright

That slogan should be ditched, Nigerians are not normal people at all, you can't leave them alone and ever expect them to do anything right ... all because of Money

If cardoso/Govt had sat on "We go dy alright las las or what will be will be .. dollar would have hit 5000k trust Nigerians they don't care

koyeni:
No need to call him a bastard....this time is actually a terrible time for importers and business men....you can imagine your stock value depreciate by over 50%.
With time, everything will be balanced and we'd all be happy

How is it a bad time esp. when Majority of the traders have form a resistance and refuse to drop price .... when dollar reduce, it is then omo igbo know say it will take 3months for new shipment to arrive,

But as selfish, inhuman and wicked as traders are, if dollar jump to 1500 today, by evening the whole market will increase there price again, all that talk we bought stock at 1900 will disappear ... naa another theory we go hear

What i found funny the most is, every trader in Nigeria or every stock in warehouse was bought when dollar was 1900 ... xchange rate that didnt even last 2 weeks haba !

helinues:
Some Nigerians are actually wicked more than the politicians

On a normal market, Naira gaining or winning about goods and services should at least take a month before taking effects. Because those business people always have stocks that can last at least 1 month with no exaggeration.

But in Nigeria, the same day the dollar rose is the same day they will increase their price without interested in bringing it down again even when dollar fall.

Average Nigerians are opportunists

If the highlighted is affirmative it means the govt as to step up in its regulatory role, I see no reason why Price regulatory agency can not be revamped to subdue the opportunist & greed mindset of typical Nigerians

Besides Nigeria is said to practice a Mixed economy, fate of Nigerians shouldnt be left completely in the hands of Private Sector

PriceActionZ:
These are parts of what fg supposed use to educate her customers and forced DISCOs to create a portal and publicize it to educate them on which band they belong to. Or better still, when you pay on any portal, part of the token supposed carry a code that shows your band before the main recharge numbers. But since everything about this country is fraudulent, and not transparent, it will be very hard to accomplish. The discos won't want to do that because someone who supposed be in band A will work himself or herself to band Z, while enjoying stable lights and someone that hardly gets 10 hours of light will be forced to pay for band A. That is the kind of country we are.

You got it twisted, as far as the Band category is concern consumer can't manipulate the band they are or want to belong

On the contrary it is disco that can shortchange customers by secretly placing people on Band A even where the electricity supply hardly reflect 10hrs a day