₦airaland Forum

Young man!!! A piece of advice. If you invest in that company that has just porpotedly won a contract, am sure you will only have yourself to blame. Please take your time so you dont lose your hard-earned money. Put your nose to the ground. My son, thats my advice for you.

The government has just devised a means of collecting back from Nigerians from the salary they just increased. A very vicious cycle !!!

The Nigerian Electricity Regulatory Commission, NERC, on Tuesday informed Chief Executive Officers of electricity distribution companies that the last schedule of the 2008/2013 regime of Multi Year Tariff Order (MYTO) will be operational as from July 1, 2011.

This development will see to a marginal increase in kilowatt hour of electricity from N8.50 to N10.00 from that date.

Commenting on the development, NERC Chairman, Dr. Sam Amadi said, “The marginal increase was since approved in 2008 and we have the responsibility to inform the public as part of our commitment to transparency.”

The Commission in its notice to Chief Executive Officers of electricity distribution companies of the take off date of 2011 schedule warned them to ensure improved service delivery to their customers.

“The Commission hereby reminds you of the responsibilities owed to your customers particularly as regards its guidelines on Customer Complaints Handling, Connection and Disconnection Procedures, Customer Service Standards of Performance and Meter Reading.

“We will be resolute and uncompromising in ensuring compliance and imposing sanctions on Chief Executive Officers and Managers of companies that fall short of the required standards,” the Commission said.

NERC in 2008 introduced MYTO to ensure that prices of electricity are predictable and to mobilize the required funds to the industry by attracting needed private sector investments through a tariff system that ensures fair return on investment, while protecting customers against profiteering.

The NERC Chairman who been meeting with CEOs of Distribution Companies (DISCOs) on the MYTO Review and Power Consumer Assistance Fund (PCAF), also said it was important to properly situate the role of the operators in the administration of the palliative fund once the review takes effect.

Amadi explained that the execution of the PCAF was essential to the success of the electricity tariff review since it was intricately woven into the MYTO review process, adding that the meeting was organized to have closer discussion with the DISCOs which are the most important players in the sector.

He said, “There is need to begin consultation with stakeholders to determine the framework for the Fund, such as determining who is qualified to benefit from it and who is not.

“If you are announcing the new tariff in July, it is important to understand what the nature of the subsidy would be, the impact of the subsidy withdrawal and the disbursement of the Fund, and whether we should allow the consumers bear the full brunt of whatever the price review is.”

Amadi pointed out that there is so much controversy over the viability of subsidy in the electricity sector, stating that while many think the subsidy should be removed to allow efficiency and market forces dictate profit, others think it can be designed differently to mitigate the shock of tariff increase.

“Indeed, if you are announcing a tariff review, part of the risk is that there will be some measure of gains in service delivery,” he added.

The Federal Government has made available the sum of N177 billion for subsidies under the MYTO to ensure an orderly transition from subsidy to market determined prices of electricity.

Out of this provision, a total of N43.9 billion has been released for onward disbursement to beneficiaries.

Amadi further noted, “We want the review to be credible and we want to make sure that all the relevant stakeholders are carried along in this process. We will give serious consideration to every complaint, every criticism of the process by both consumers and other stakeholders towards establishing a fair and efficient price mechanism for the electricity sector in Nigeria.”

The NERC boss also pointed out the issue of metering, noting that electricity consumers across the country had been at the receiving end of poor and inefficient metering system for many years.

According to him, “It is important to consumers as well as operators that electricity consumers are metered properly to reflect consumption rate.

“We want to get some assurance from the CEOs as to how they can improve the level of tariff collection, which in turn would reduce the pressure for review, as well as taking a leading role in the reform process for the electricity sector,” Amadi added.

Can you imagine this ? My colleague said her pregnant couson has just been posted to plateau state and she intends to go. Does it make sense at all ?

Well, I never suppoted that man for anything. Now he is telling us that our suffering is yet to start. Abi ?

duno:
@bolded, dont be surprised that it will be invested in our politicians pocket network.
All the reforming and restructuring done by govts over the world as u said would have worked here if only our govt is sincere. This does not happen to be the case as these monies will eventually be looted and shared among our politicians while the ORDINARY people are left

Dont mind that guy wey dey talk like say na only hin go school. Obasanjo claimed he spent 16 billion US dollars on power throughout his reign yet nothing to  show for it. Isnt that money more than enough to tackle power problems? Yet they pour all the blames on PHCN because some Nigerians are stupid enough to believe privatisation is the way out. So how are we sure that paying more of our hard-earned money for tax will solve Nigerian problems. The earlier he discovers that he needs to fight corruption from the top, the better.

17k bro. Yes I live in Ikorodu, Lagos

Very clean Nokia E63 for sale. Red in colour and perfectly working.I have already hacked it so it receives assigned and unassigned siftwares and themes. 20k negotiable. 08085999945.

Red in colour and perfectly working.I have already hacked it so it receives assigned and unassigned siftwares and themes. 20k negotiable. 08085999945.

Very clean Nokia E63 for sale. Red in colour and perfectly working.I have already hacked it so it receives assigned and unassigned siftwares and themes. 20k negotiable. Please call 08085999945.

Nokia e63 for sale.clean and working perfectly. 08085999945

Can u get me london used e71 ? If its naija used, dont bother pls. i also wish to sell my nokia e63 .08085999945

I resumed work at a PHCN office in Lagos at the beginning of August, 2010 as a casual staff. My pay was to be just 10k but I didnt mind since it would take me away from the house in the morning. Unfortunately it was in December they started paying me. This is just to point to the fact that some people can be very wicked. All along anyway I was applying to other places. I participated in the FRSC recruitment exercise and even the Lagos State Ministry of Education Special interevention program based on the fact that the boss i work directly under understands my plight as a fresh graduate. He often says he went through the process. But what prompted me to hang on was the fact that the FG intends to fully employ casual staff very soon. My case is still a very hopeful one because the screening exercise is on and things are looking up. My dear brother, please advise your friend to walk away and look for something else to do. These capitalists cab be very greedy at times. I have a brother who has a similar problem but he confirms to me that the company is actually making money but they dont know where their boss is putting the money. Isn't this wickedness ?

Yes !!! This is what the Jonathan has to offer Nigerians. Insecurity of the highest order.

There are two alsatian puppes for sale and they go for 30k each. I live at Agric, Ikorodu. Call 08085999945 in interested.

There are two alsatian puppes for sale and they go for 30k each. I live at Agric, Ikorodu. Call 08085999945 in interested.

There are two alsatian puppes for sale and they go for 30k each. I live at Agric, Ikorodu. Call 08085999945 in interested.

Asking price for my e71 is 23k. The phone is very clean and in perferct condition. please text or call 08085999945 if interested.

Asking price for my e71 is 23k. The phone is very clean and in perferct condition. please text or call 08085999945 if interested.

Am not interested in buying this phone though but I advice you to be realistic in your pricing.

kenis:
i have been looking for this model since. Pls i have N35,000.
Do u really know the price of a brand new one? You will sell it soon

Brand new one is N37,500 at slot

Asking price for my e71 is 23k. The phone is very clean and in perferct condition. please text or call 08085999945 if interested.

Asking price for my e71 is 23k. The phone is very clean and in perferct condition. please text or call 08085999945 if interested.

If its new one, I'll advice you to go to slot but you might not be able to get used one in the market because the phone is still new .I have an e71 however if you are interested. my no 08085999945

Asking price for my e71 is 22k please text or call 08085999945 if interested.

Asking price for my e71 is 22k. its very clean and n good condition. please text or call 08085999945 if u r interested.

The Nokia E71 is in perfect condition and very clean. Asking price is 22k . please call or text 08085999945 if interested

please text or call 08085999945 if interested.

Nokia E71 for sale. very clean and in perfect condition. see the pics below.

mistake in the earlier attachment . here is the intended second pic