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Nairaland Forum / Nairaland / General / Politics / FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo (20732 Views)
FG’s Monthly Electricity Subsidy Spending To Crash By 52% On New Tariff Hike / Wike Spent ₦30 Billion On Delegates - Peterside / FG Removes Electricity Subsidy Quietly, Petrol In Phases (2) (3) (4)
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Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Nobody: 10:54am On Jul 27, 2021 |
rottennaija: Am all for meters, but then there is the problem of meter bypass. (My former landlord once had to pay a penalty to the local DISCO because one of his tenants bypassed the meter, and vamoosed without paying for the free power) |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by INTEGRITYA1(m): 10:54am On Jul 27, 2021 |
Okay |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by hybridblood07(m): 10:54am On Jul 27, 2021 |
A lot of people might not be able to afford to pay for electricity bill. This government is clueless |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Nobody: 10:55am On Jul 27, 2021 |
jumper524: |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by CodeTemplar: 10:56am On Jul 27, 2021 |
...and replace it with N100 billion amnesty abi? |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Nobody: 10:57am On Jul 27, 2021 |
hybridblood07: On the other hand, due to low revenues accruing to the DISCOS and GENCOS...they cannot make enough money to make things better for you and me. (especially when 40% of Nigerians don't pay for power ) After all, when GSM companies were charging sky high prices for sim and for bad service some 17 years ago....we all cried..but we paid, and they took our money made huge profits...which paid for the telecoms infrastructure we have. And prices fell by the way. 1 Like |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by FarahAideed: 10:57am On Jul 27, 2021 |
Is there really any subsidy in the power sector? Or fraud 1 Like |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Ogaga87(m): 10:58am On Jul 27, 2021 |
[quote author=TheRareGem1 post=104139975][s]The last administration made a very wrong move, such move is frustrating this Administration's effort in the energy sector, you don't sell energy to incompetence fellows just because they are your friends, those ones handled it the way they like, liquidated Skye Bank in the process and here we are, the FG is rectifying these problems. Though electricity has improved compared to how it was in the last 16 years, the foresightedness of our leader to bringing solar especially for the people who are not connected to national grid is a good initiative. The caping regulation signed by Mr. P too is superb. Prof. Osinbajo, who was represented by the Special Assistant to the President on Infrastructure, Engr. Ahmad Zakari, noted that government would be investing over $3 billion in the coming years to improve transmission and distribution infrastructure across the country. [[/s]/quote] |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by ignis: 10:58am On Jul 27, 2021 |
Soon the economy will cripple. |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by SmartPolician: 10:58am On Jul 27, 2021 |
For those who always claim they have never benefited from Nigeria, this is one of the ways you do. Sadly, that benefit is about to end. But the question is, what's the essence of having a government when all these benefits, including fuel subsidy, are removed? |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by FarahAideed: 10:58am On Jul 27, 2021 |
Beancounter94: You must be clowning ..if you don't know the fraud going on in the power sector just keep quiet |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Nobody: 10:59am On Jul 27, 2021 |
To enjoy these changes and not just to suffer for it while some greedy ones take advantage of it, I pray Osinbajo should take over from Buhari. This is when Nigeria can move forward. This vice President has the brain to move Nigeria forward. If Only Osinbajo and Ngozi Iweala happened. OMG! But I know it is impossible. Ngozi will never leave her new role. |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by seyz91(m): 10:59am On Jul 27, 2021 |
Nice analysis You one of the smartest on this forum Don't mind those stupid assholes that don't see MNK and Igboho as their saviour To me if as a nigerian you ain't supporting MNK and Ighoho You are stupid, foolish and settle for less kind of person SpecialAdviser: 3 Likes |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by F117nighthawk: 10:59am On Jul 27, 2021 |
Who are u subsidizing? It is the private citizens paying high electric estimated billing and refused to be metered, or you people in government subsidizing corruption, who is fooling who?? 1 Like 1 Share |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Brushstrokes20: 10:59am On Jul 27, 2021 |
Bullocks! Useless govt of self serving THIEVES and blood thirsty TERRORISTS! The doomed contraption is beyond redemption! 2 Likes |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Nigeriadondie: 10:59am On Jul 27, 2021 |
jumper524:If you scrap subsidies, would the money from the subsidies not end up in private pocket? You know that. 1 Like |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Nobody: 11:00am On Jul 27, 2021 |
Is finally official that this people want to kill us |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by HIGHESTPOPORI(m): 11:00am On Jul 27, 2021 |
TheRareGem1:This administration is worse including your Boss 2 Likes |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Elsueno: 11:01am On Jul 27, 2021 |
TheRareGem1: Did u know, a whole state capital in the north east has not seen electricity for almost 6 months now & u are saying these "incompetent" people are trying? |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Nobody: 11:01am On Jul 27, 2021 |
FarahAideed: And in response , see here Good morning to you too.
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Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Nobody: 11:02am On Jul 27, 2021 |
. |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by hush15: 11:02am On Jul 27, 2021 |
TheRareGem1: Just maybe you have a point but the bigger problem is decentralization of the energy sector completely. They broke it down to genco, transcos and discos when the first need to decentralized it to regions or zones. So many thing is to big for jus a few to run. There will always be problems.. |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by CodeTemplar: 11:03am On Jul 27, 2021 |
jumper524:The money saved will most likely be siphonedbby a handful of people and the masses will be the ultimate losers. Until corruption is fixed, any move that takes money from the masses and put in few public servants control will be resisted. That's why Buhari's failure to wholeheartedly fight corruption will negate any fake policy he comes up with. He knows this and is trying a negotiate a corrupt deal for his Fulani brothers as against fighting corruption which is our foundational problem. 1 Like |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by teemy(m): 11:03am On Jul 27, 2021 |
Does anyone have an accurate idea of how much govt subsidies per unit of electricity? I would like to calculate by how much increase the bill will be by next year once the subsidy is removed. |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Nobody: 11:04am On Jul 27, 2021 |
hush15: Well, DISCOS at least run on a regional basis. Abuja DISCO for example operates in only 5 states. Enugu DISCO also operates in the SE, and so on. |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Elsueno: 11:04am On Jul 27, 2021 |
jumper524: Well, d subsidy will total be scrapped highest by next year, let's see what excuse would come out then... Nigeria ain't d only country in d world subsiding fuel for her citizen...but its by far the most corrupt in d world |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by officialfoodie: 11:07am On Jul 27, 2021 |
I never heard of electricity subsidy till buhari and his gang came in. It's not like we have an improved standard of living as the cost of commodities have increased up to 300%. Electricity tariffs have been increased up to 3 times already and the light situation has not improved an inch. Now, the government is saying we will have heavier electricity tariffs waiting for us next year. Smh. Bringing in this government was mortal sin, fatal mistake, unfortunately, I have to share in the consequences of the choices of other people. 3 Likes |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Nobody: 11:07am On Jul 27, 2021 |
This will still not guarantee steady power supply. Same incompetence will prevail and they will be nobody to blame. This government has pushed Nigeria to the brink of separation and there seems to be no tunnel, talk less of a light at the end of it. Sai sai sai.... |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Nobody: 11:08am On Jul 27, 2021 |
TheRareGem1: The problem is not who the discos were sold to (Dangote is the owner of a cement company, despite not having carried a cement bag or worked in a cement factory as a young man) but that the DISCOS were not allowed to make a profit that would let them make things better due to them not being allowed to charge cost reflective tarrifs. That's why the subsidy has to go...that means DISCOS would be free to fix prices in a way that enables them to make a profit. |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by TheRareGem1(f): 11:09am On Jul 27, 2021 |
GIANTPLUSHUB: That's because we don't know our right or still, not updated, there is something Mr P signed, caping regulation, if many Nigerians are up to date with this, bills won't be happening again |
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