₦airaland Forum

obailala:
E be like say this kanu man go like quarrel pass fight...

RightBoo:
A legend,
A hero
A star.

ultraGM:
It wasnt fashola fault, the issue can be trace back to Yaradua tenure, his administration approve the MYTO plan, and so empower NERC to regulate it to the extent that the Senate cant even alter the law backing MYTO

Lets leave Fashola alone

Oz4realsss:
Nobody is talking about world class services here. We are talking about accessibility to all and not few.

Oz4realsss:
What of those that cannot afford such? What should they do? This country belongs to all Nigerians.

Amanwulu1:
is it a politician dat u guys are defending dat they don't have vestive interests in what they do? I can never be like u guys, neither in dis life nor d next. Nevertheless I'm against media prosecution n unlawful incarceratn of any citizen, n u guys also don't see ought in it?

Seenyo:
Fashola has always bin a capitalist except when sternly challenged! Tho he gets work done but1st tin 1st!...improve power b4 pay rise!

Paentera:
Lots of misinformation going on about the electricity tariff hike. This goes to show how much we forget as well as how much hear say we rely on

A document called the MYTO (Multi Year Tariff Order) strictly regulates tariffs in the power sector and is administered by a government agency called NERC. This document was initiated in 2008 and so far, two MYTO - 1 & 2 have been issued.

MYTO 1 lasted between 2008 - 2013
MYTO 2 lasted between 2013 - 2016
MYTO 2.1 will last from 2016 - 2018 with adjustments expected to be built into the pricing to reflect the realities of the times.

More information about the MTYO Methodology and regime can be found here:
http://www.nercng.org/index.php/myto-2

I will like to point out that the power privatization scheme for former PHCN called for investors to take over assets thus be able to provide power at a profit, not a loss (like our government did for many decades). To keep the industry attractive, the pricing of power certainly had to change and from inception of Fashola as a minister, he clearly explained that prices will have to go up to make power generation attractive to investors.

The argument has been put forward that power supply needs to be provided before a hike in prices. I used to think this way until it was evident to me that the assets, including generating & transmission companies, took over were largely were largely run down and many ran out of their funds. The CBN provided a bridging loan to the companies earlier 2015 however the disbursement of the loan had to stop because the cash flow using the old tariffs would be unable to sustain repayment of the loans.

I will suggest that we give the power companies at least till end of 2017 to not only improve on electricity distribution, but to see how stable electricity becomes. I am happy it is now in private hands and will be happier it is done right. According to the MYTO 2.1 document, the tariff is expected to drop in 2017-2018 as more houses are metered and captured on the electricity distribution network nationwide.

To dispel the stereotype that to hide anything from a black man put it in a book, I invite you to read the provided details and become more informed about the power privatization process as opposed to relying on hear say.

DrDauda:
Always fighting n cursing on nairaland. Dem swear for u

scribble:
Oh shut up.


I'm stating facts you're talking nonsense

Olowolafe is on board of Eko.

scribble:
He owns part of Eko DISCO


He wants to make money

Firefire:
Fashola is fraudulent.

gigabyte13:
When did IPOB became a political party? Hmmm, confuse sets of miscreants.

Iroh88:
They threaten fire and brimestone but when they are accused of actually carrying out their threats, they start Wailing that they are being framed.

What a bunch of cowardly Ekpas.

CastedDude:
this is serious ,,Hope IBB no run

DrDauda:
Shameless tribal bigot. Why don't u comment on the issues at hand, instead of bringing in your tribal bile

Igbonoid:
Igbo has no king

DrDauda:
What is you and ipob all d time? Do u have orgasm whenever u see an Ibo man?

Why is it that all your posts on nairaland are centered on denigrating d great Ibo race and d Jews of Africa.

I can bet my last kobo that an Ibo guy broke your heart and that is why you denigrate d ibos everyday on nairaland.


Seun pls take note. Tribalism alerts