₦airaland Forum

your visa is already refused. LOL.

so? How many women worldwide are presently pregnant? Un countable.

The Federal Government said it plans to crash the "real cost" of electricity tariffs by 65 per cent, as part of the measures to check the present trend whereby exorbitant real cost of electricity being incurred by Nigerians has jerked up the cost of other goods and services in the economy.

Presidential Task Force on Power (PTFP), which confirmed this development in a report released yesterday, stated that though this new tariffs to be announced in April 2011, would increase "nominally" to between N21 and N23 per kilowatt hour (kwh), the figure is just one-third of what Nigerians actually pay for electricity.

Nigerians currently pay between N8 and N14 per kilowatt hour to the Power Holding Company of Nigeria (PHCN), but the Chairman of the Communications Committee of PTFP, Dr. Abimbola Agboluaje said in the report that independent studies had shown that in real terms, the poorest Nigerians currently pay more than N80/kWh burning candles, kerosene and firewood.

According to him, independent and informed analysis also indicate that while the majority of Nigerians pay between N50 and N70/kwh on self-generation, manufacturers pay between N45 and N60/kWh on diesel or Low Pour Fuel Oil ( LPFO), using larger generators.

"Analysis of the reduction in the price Nigerians pay for electricity does not use the universally subsidised tariff as a reference; this is regarded as a "nominal" price. Rather it is based on the "real cost" which a majority of Nigerians really pay to consumer electric power during the 60-70 per cent of the time when public power supply is unavailable at the subsidised tariff," he said.

He said the Federal Government decided to reform the tariff structure because the &"nominal tariff" was seriously blocking investment not only into the power sector but also the larger economy.

The PTFP Sub-Committee Chairman said the new tariffs to be announced in April 2011 by the Nigerian Electricity Regulatory Commission (NERC) "will attract new capacity to the power sector, thus significantly reducing the electricity cost of businesses and individuals, prices of goods and the rate of inflation in the country".

Agboluaje said rather than protecting consumers, the present subsidised nominal tariff has imposed a crushing cost of electricity on Nigerians, making it one of the highest in the world.

He acknowledged that while Nigeria's current "nominal tariff" is about one-third of the African average, the "real cost" Nigerians pay for electricity is four times the regional average.

According to him, for most of other countries, electricity tariffs are the real and effective cost of electric power; that is, 100 per cent of their electricity consumption is based on their electricity tariffs.

He noted that the present high cost of "real cost" of electricity in the country has jerked up the cost of goods and services.
"For instance, mobile telephone costs are high because operators have to invest billions of naira in buying, operating and maintaining generators. It also significantly adds to the cost of a host of services like dry cleaning, drugs retailing, hairdressing, catering, hotels etc. The ability of these businesses to attract more customers, grow their businesses and employ more staff is severely constrained. Many manufacturing businesses which are energy-intensive e.g. textile factories have closed down because the high real cost of electricity in Nigeria makes their products too expensive and imported ones much more attractive," he explained.

He stated that as the reform of the power sector proceeds, only NERC, a fully independent agency can determine electricity tariffs, stressing that neither the Federal Government nor electric power companies has the powers to fix tariffs.

Agboluaje, who noted that NERC's independence would be critical to the success of a reformed electricity sector, also assured investors that the regulatory agency would not set politically popular rates of tariffs but rates that are based on the fair costs of producing and distributing power.
He said NERC's main function was to create enabling conditions that would stimulate investment and competition required to deliver the greatest value to consumers.
Tags: Business, Nigeria, Nigerian Electricity Regulatory Commission (NERC)

Full names of authentic political parties in Nigeria please. Authentic as in recognised by INEC. Their head and their presidential candidates.

how many American men kill their wives daily just to claim life insurance?

KnowAll:
?

If u notice he was not sworn in again because u can only be sworn once, however he would be sworn in if he wins in April,  3 months later than his other collegues presumably.

he will be sworn in today:

http://www.vanguardngr.com/2011/01/delta-new-cj-swears-in-uduaghan-today/

call Mr. Yemi Alabi on 0703 694 9010 or Deji Alabi on 0805 579 4269.

Or visit their website: http://www.ceaser-web.com

If you want Nigeria GPS and map data, - try http://www.ceaser-web.com

mis information - try http://www.nigeriagpsnavigator.com/

acurashop:
How did u get the map for nigeria? I am coming bk from the states this wknd and i would like to buy one to use in abj.

Best I know is 3Dtechnologies - as posted above. Call on 0703 694 9019 - they have the best collection of city maps- over 250 cities covered. Not only major cities.

@Tosin

Is that not a lie? Garmin dealer downloaded Naija maps for you? I have never heard of that. Links please.

try http://www.ceaser-web.com. Ask them questions.

mis information - try http://www.ceaser-web.com

mis information - try http://www.ceaser-web.com

Does anyone remember what happened to Gov. Ibrahim of Kogi state? Is this not a similar situation?

^^^^

yeap-

Does it not mean that his new four year term starts when he is sworn in based on the outcome of the re run election?

fvcking thief

^^^^6

Thank You.

Dont take panadol for another person's headache anyway.

Abuja roads are sleek - you can drive any type of car without worrying about the road condition.

^^^.

Ma - that is surely on a high side. Seriously speaking.

^^^^

What a question.

harakiri:
Hey all,

Happy new year. Do we have super-cars in Nigeria? You know. . .the likes of Porsche carrera GT, Mercedes SLS roadster,lamas and Ferrari, Maserati and so on? Are there peeps driving such cars in 9ja?

of course - and better cars.

I have seen a maserati quattroporte in Abuja, A Porsche Carrera GT has been on display in the lounge of Abuja Hilton for close to a month now, Mercedes SLS roadster is common in Abuja - the list goes on.

[quote author=Demain_man link=topic=580118.msg7478045#msg7478045 date=1294359385]This is why there are several uncompleted buildings all over the place in that hole of a country. Must you build 8 flats? You want to start what you may not finish. Build two flats or four flats that you are guareented to finish and start collecting rent sharp sharp.

Taking your whole life to complete one house is not wise atall.[/quote]Look at how this one is talking- people struggle to have properties and you come here to talk ras. I wonder if you have ever bought a block, talkless of a plot of land. Hole of a country ko, hill of a country ni. Stay there while others progress in the same hole of a country.

A four bedroom duplex - with land and up to the roofing woodworks - in Abuja - total expended already - 20million. 15 million cant build you what you propose even if you mould the blocks yourself.

Your conclusion is based on what?

To be intelligent, some questions are not worth asking.

dont u have google to find out?

some posts are just too childish.

Poster. At what age should you start shaving your armpit?

a shame because they didnt win?