₦airaland Forum

ivandragon:
So has the power supply significantly improved to those areas to justify a price increase?

Is it not the same epileptic power supply sane people are complaining about that it does not justify such astronomical increase in tariff?

On one hand, you agree power supply is bad, but you still try to justify a 300% increase in tariffs without significant improvement in supply.

Yes power supply has significantly improved since the band rates were announced. You think I’ll be going back and forth on what I don’t know.

This is a public forum if there are others with a contrary experience despite living in band A areas especially in Lagos pls come forward.

The two discos also provide daily & weekly feeders update on their socials. You can look them up.

ivandragon:
Stop being a nuisance & acting dumb.

The bands had being in existence before the increase, more areas where simply added to band A.

The areas with band A already had the supposed 20-24 hours light so the increase in tariff would certainly lead to an increase in cost of production.

What justifies an over 300% increase at this time?

Some of you open your mouths to spew nonsense just because you want to show support for government no matter how stup!d and irrational the policy is.

If you agree, more areas were added, don't you think that will lead to a reduction in production cost in those areas compared to running alternatives?

Besides, if you were in the know, you will know that power supply has been epileptic to the former band A areas prior to the increment. They are not immune from grid collapses, you know.

ivandragon:
It is always refreshing to read comments (I refer to your comments taken together in relation to your discussion with the other chap) like yours. People who think, analyse & point out flaws or ask reasonable questions.

There have always been bands and electricity supply had always been supplied according to those bands (in reality, less than what it is supposed to be).

So the argument about reducing costs of production does not arise, rather, costs of production would definitely increase coupled with the increase in prices of alternate power supply options.

Stop exposing your ignorance. The person you are defending has refused to answer any direct question for obvious reasons.

/https://www.nairaland.com/8082134/n15-trillion-give-nigeria-24-hour

go through that thread you should learn a thing or two. Shalom!

ivandragon:
It is always refreshing to read comments (I refer to your comments taken together in relation to your discussion with the other chap) like yours. People who think, analyse & point out flaws or ask reasonable questions.

There have always been bands and electricity supply had always been supplied according to those bands (in reality, less than what it is supposed to be).

So the argument about reducing costs of production does not arise, rather, costs of production would definitely increase coupled with the increase in prices of alternate power supply options.

Stop exposing your ignorance. The person you are defending has refused to answer any direct question for obvious reasons.

[/https://www.nairaland.com/8082134/n15-trillion-give-nigeria-24-hour]

go through that thread you should learn a thing or two. Shalom!

ivandragon:
It is always refreshing to read comments (I refer to your comments taken together in relation to your discussion with the other chap) like yours. People who think, analyse & point out flaws or ask reasonable questions.

There have always been bands and electricity supply had always been supplied according to those bands (in reality, less than what it is supposed to be).

So the argument about reducing costs of production does not arise, rather, costs of production would definitely increase coupled with the increase in prices of alternate power supply options.

Stop exposing your ignorance. The person you are defending has refused to answer any direct question for obvious reasons.

[/url]https://www.nairaland.com/8082134/n15-trillion-give-nigeria-24-hour

go through that thread you should learn a thing or two. Shalom!

ivandragon:
It is always refreshing to read comments (I refer to your comments taken together in relation to your discussion with the other chap) like yours. People who think, analyse & point out flaws or ask reasonable questions.

There have always been bands and electricity supply had always been supplied according to those bands (in reality, less than what it is supposed to be).

So the argument about reducing costs of production does not arise, rather, costs of production would definitely increase coupled with the increase in prices of alternate power supply options.

Stop exposing your ignorance. The person you are defending has refused to answer any direct question for obvious reasons.

[url][/url]https://www.nairaland.com/8082134/n15-trillion-give-nigeria-24-hour

go through that thread you should learn a thing or two. Shalom!

ivandragon:
It is always refreshing to read comments (I refer to your comments taken together in relation to your discussion with the other chap) like yours. People who think, analyse & point out flaws or ask reasonable questions.

There have always been bands and electricity supply had always been supplied according to those bands (in reality, less than what it is supposed to be).

So the argument about reducing costs of production does not arise, rather, costs of production would definitely increase coupled with the increase in prices of alternate power supply options.

Stop exposing your ignorance. The person you are defending has refused to answer any direct question for obvious reasons.

[url]https://www.nairaland.com/8082134/n15-trillion-give-nigeria-24-hour
[/url]
go through that thread you should learn a thing or two. Shalom!

jmoore:
Whatever you are trying to prove, you will end up indicting NERC and DISCOs for cheating Band A customers when they were paying 66 naira, if you are of the opinion that the current band a is way better than 'old' band a.

Do you have a problem answering questions? Why are you deflecting? Besides this, your last reply is an illogical assumption, because I can't fathom why offering a priority service at a pre-agreed rate is an indictment on either NERC or discos.

jmoore:
Which one is new band A? Band A is Band A. And Band A is not a new category that started this year.

What was it called before now? Was their rate same as N66?" For example, using Lagos, can you compare the coverage areas under the previous arrangement to what is currently obtainable?

jmoore:
What they were paying before was the alternative, which is 66 naira.

Can you compare availability of power in new band A areas after the increment?

jmoore:
Band A was already having regular power supply before the tariff was increased. So why bringing in generator into the topic?

If a manufacturer was paying 66 naira per kw before and now pays 206 naira, common sense should tell anyone that the cost of production will increase.

What’s the cost of the alternative to paying the N206?

Thanks a Lagos boy—-his job is likely certain or maybe a promotion. Who knows?

God bless Anambra state
God bless Nigeria

KayOn1:
Are you saying the meaning of Nigeria happening to someone means only when the person ends 6-ft under? Haba!
I am grateful to God that I came out alive but we are not talking about hope & hopelessness.

Where do we start? Leah Sharibu, Dangote Cement workers Okpella kidnap of ...

All these vices could have happened anywhere call-out those who are responsible without ridiculing country. That you made it out is testament that a lot things succeeds here.

Besides; you should know sentiment = hope & lack of it which is key market driver.

KayOn1:
I am full blooded Nigerian but Nigerian did happen to me. I will just leave it at that.
I still invest in Nigeria because that's my root and will always be.

As long as you are not 6-ft under the ground, Nigeria is yet to happen to you; should be grateful to Nigeria. Hope is for the living, hopelessness is for the dead - besides, what is the assurance that whatever happened to you here cannot happen anywhere else?

I find it illogical that people are hoping to make money from the Nigeria bourse yet are hopeless about Nigeria. Does this make sense?

ositadima1:
If I were the management of OkumuOil, I would never give in to extortion. I would beef up security, install motion sensors and cameras on the premises' perimeters. I would employ the military or paramilitary to guard the establishment. I would provide living quarters for the workers and safe transportation in and out of the company.

The community should go and establish their own farm.

All this does not mean the host and neighboring communities will not receive some "corporate social responsibility", but it should be a voluntary decision and not forced extortion. Kilode!!

You cannot go full-brute-force--it has to be mixed bag to be sustainable.

DrAkpamudehe:
Common man, check google na. These are not hidden

Well it appears hidden to me compared to their known assets here. Please do us all a favor by revealing the sum of their portfolio outside so we can compare with known assets here.

KayOn1:
I beg to disagree. It is NOT, especially when it pertains to Nigeria.
My prayer is may " NIGERIA " never happen to any of us again.

Here lies my grouse with the initial post; I want to believe you are not Nigerian because if you are then you shouldn't be existing as she should have happened to your existence by now.

Read this very well! There is no perfect country in the world as a matter of fact Nigeria is not any where close to the worse place on earth and Yes a lot of things succeeds here!

DrAkpamudehe:
I am not in a position to give a valid answer regarding that question, but all am saying is that those guys are also global.

But you are well in the position to assume they have holdings in global climes? Cmon

KayOn1:
Did you read his post personally? He said "also".
Keyword: "ALSO"

"Diversification is protection against ignorance. It makes very little sense for those who know what they are doing"

quote not by me

DrAkpamudehe:
But all these people you mentioned, have massive investments abroad, offshore accounts, real estate, factories etc... So what exactly are you saying?

Where is their biggest investments?

ositadima1:
Sometimes I don't really understand it. What is poor treatment? If a company employs you and you feel you are not paid enough or the conditions are not suitable, why don't you leave the place or start making efforts to leave? You will still be in the same establishment complaining every year. I see that all the time.

I'm sure OkumuOil did not get those lands for free; they invested in the lands and took huge risks to see the company to where it is today. And you, some lazy, jobless youths, want to tap into that just because your fathers gave birth to you in that locale. The entitlement mentality I see in some people is nauseating.

As an investor I will blame okomu-oil management; its their job to manage the community and her expectations! They must keep all parties in the negotiation room & end all hostilities. If at all there will be any news its must be a Good news for investors

DrAkpamudehe:
In Nigeria, nothing good lasts forever, yet the contemporaries of those companies in the western world are still going strong and paying good dividends till date. Smart people invest in Nigeria, but smarter people with foresight also invest internationally.

All over the world nothing good last forever; as far the earth remains seed time & harvest time logic. If smarter people invest abroad then dangote, ote$, elumelu and our many market movers must be very stupid considering their access to these acclaimed smarter people who can only pray have a fraction of their fortune.

otipoju:
One thing Tinubu is extremely good at is Machavellian politicking. He is able to see all the moves by the pieces on the chess board clearly and play them to his advantage.

Most of these epistles are nothing short of assumptions when a man’s way pleases the gods or God people tends to assume that’s he’s a super-human who can always see the future. But that is not true? Delayed gratification; discipline ; foresight and generally being merciful to others plays a large role.

Chimarto:
You're stopping foreign missions from transacting in dollar and ordered your own foreign mission abroad to transact in naira violating the host country's policy? Our leaders have sense but they don't have wisdom.

well you have a choice —-avoid us!

DMerciful:
If that is a solution, why is it rising again?

What they did was sell treasury bills and used the money to defend the naira. You can actually use hundreds of billions of dollars to force down exchange rate to 200. Question is do you have that money? Even if you have, how sustainable is it?


Again, there's no sustainable quick fix APC already ruined things...it will take a lot of hardwork to get exchange rate to fall genuinely

You’ve no idea what you’re talking about!

DMerciful:
There is no easy fix or short term solution. APC already caused a great deal of damage

I don’t like to be condescending but you should only comment on what you understand.

You said no short term solution yet the price dropped from peak of N1950 to N1000 before depreciating to N1400. Which long term problem or short term solution is responsible for this changes?

BabbanBura:
So because of short term fixes we should abandon planning and efforts towards the longterm solution abi?

How is Agriculture even a long-term solution? Does it take more than one rainy season to produce enough food to feed the country for one year? Or does the government needs years to truly fix the security issues for people to be able to farm?

Can you see the results of agriculture in 2-weeks?

BabbanBura:
And the only way you are thinking of for closing the gaps is borrowing? This tells how narrow minded you and the government you are supporting are. You bunch don't mean well for Nigeria.

Go and find out how countries like Singapore and India turned around the fortunes of their countries.

Can you pls for Gods sake suggest a better solution if you care about the country? Any idea?

We need to attract more FPI by increasing rates and then creating a back-door for local business to borrow at single-digit. Liquidity seems to have dropped in the Nafem market; increasing the rate will encourage more FPIs and I think Egypt is gearing up to do same. I think we need daily fix volume to be not less than $200m to keep rate at $/1000 or 990.
These are short term monetary tools that can be executed in days.

BabbanBura:
But PO has being telling you guys the solutions nah, why asking you here?

1. Production production production. You gat to produce for home and export. So Bulabu needs to mobilise the country to production be it farming, be it industries (manufacturing), be it human labour (capital). The above will reduce imports and therefore fx demands. Excess will improve fx supply. To achieve this, he needs to fix the security and roads

2. Improve exports - be it out solid minerals, oil and gas, agro and allied products, electricity, human capital (manpower, skills etc)

3. Prosecute the past and current thieves, recover funds stashed abroad and home, make them face jail term.

4. Continue to deal with speculators, bank chiefs that aid the politicians to launder funds, the BDCs that move money around for terrorism and other vices

These are arranged in order of impacts and priority. Buy Bulabu is only tackling number 4 and you all are clapping for him. Now that the effect if 4 has worn out, naira is slumping again

You people will be parroting long term solutions to a problems needs immediate solution—-think for yourself what exactly is the problem?

What’s the typical range across other states?