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Nairaland Forum / Nairaland / General / Politics / FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo (20728 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 hybridblood07(m): 11:10am On Jul 27, 2021 |
You've said it. What baffles me is how we can have 24 hours constant power in the whole nation. It's a shame Benin Republic enjoy this benefit while they are not even up to Lagos State. Our leaders should be ashamed when addressing outside the country Beancounter94: |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by PataAlhajaKeji(m): 11:10am On Jul 27, 2021 |
No sane country subsidizes electricity and fuel. They are best left in the hands of the private sector in their entirety. If you can not afford them, relocate to your village and start a farm. 1 Like |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Rugaria: 11:10am On Jul 27, 2021 |
Nobody is subsidizing electricity bills in the East. Let's get that one clear.. The East pays much for unavailable power all year.. |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Nobody: 11:11am On Jul 27, 2021 |
officialfoodie: The power subsidy was there before Buhari came in....it has always been there, especially since the law setting up the DISCOS and gencos made Government the sole controller of prices via NBET.. (They used to call it 'counterpart funding...and half came from government, the other from international lending bodies, first world countries, etc) And prices have to go up with subsides...the amount that you used to subsidsie in one year may jump up because of rising costs...and losses. So either you raise subsides..meaning more loans, or you reduce them from time to time...less loans. |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by FarahAideed: 11:11am On Jul 27, 2021 |
Beancounter94: Discos that deliberately refuse to meter their customers and reject over 70 percent of the the power gencos wheel their way and yet you want to believe them ? Those guys are criminals that are actually in the business of selling darkness under the auspice of something called estimated billing ...I don't have time now if not I would have opened your eyes to that fraud we call a power sector , all the players , how they reap Nigerians and the govt treasury at the same time |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by TheRareGem1(f): 11:11am On Jul 27, 2021 |
Kabongo1: It will, if adequate and due diligence is observed. Last admin failed at this, that is why are where we are now. This Administration is even trying to bring in solar initiative through REA, solar power Naija of NESP etc to power those who are not connected to the national grid. |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by TheRareGem1(f): 11:12am On Jul 27, 2021 |
Rugaria: Your evidence or we call you a liar |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Hilena(m): 11:13am On Jul 27, 2021 |
TheRareGem1: It's obvious that you don't have shame.. who are you explaining all this to? 1 Like |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Nobody: 11:14am On Jul 27, 2021 |
TheRareGem1: zombie. Keep blaming previous administration for the woes and incompetence of ur lifeless clueless presidiot 1 Like |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Joyce95: 11:14am On Jul 27, 2021 |
Interesting post! I'm very alot have done towards this electricity power |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Nobody: 11:14am On Jul 27, 2021 |
FarahAideed: Read it. There is a section on corruption. Plus, when you are selling shoes at N10000 a pair, and government comes in and makes you sell them at N4000 a pair to help poor Nigerians, and pays you a subsidy of N2000 a pair, especially since you bought the shoes from the wholesaler at N9000 a pair, shebi you no go do sharp practices to stay afloat? Read that thing I posted oga. (IN mR T'S VOICE)....READ! |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Joylove2324(f): 11:14am On Jul 27, 2021 |
. |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by TheRareGem1(f): 11:14am On Jul 27, 2021 |
hybridblood07: Even when it was sold cheaper, many still couldn't afford the charges, so what are you talking about? The REA and NESP'S solar power Naija initiative and really helping out by installing solar in the rural areas especially those areas that are not connected to the national grid. 1 Like |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by lexy2014: 11:15am On Jul 27, 2021 |
TheRareGem1: 6years into this administration, u are still blaming d last administration for d failures of ur paymasters. Did this administration not know about how d last administration was handling d power sector before it campaigned on d promise that it will fix d power sector? Is it d last administration that is responsible for d inflation, d worsening economy, d unemployment, d security challenges in which bandits are cashing out from kidnapping school kids? Your propaganda is full of loopholes. 1 Like |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by TheRareGem1(f): 11:16am On Jul 27, 2021 |
OOzz: Then how can we compare? And this isn't even a direct blame for that matter but you took it to heart, but it is what it is. |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by SouthSouth1914: 11:17am On Jul 27, 2021 |
TheRareGem1: But Buhari is doing the same mistake! Selling state properties to his friends and cronies! Dangote refinery, allocation of oils blocks, all federal appointments to name a few. The last administration didn’t bring hunger and chronic poverty! They didn’t bring worsening security situation, they didn’t bring heardsmen rampant killings and kidnapping! They didn’t bring iswap! Buhari is worse than anything evil 1 Like |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Nobody: 11:17am On Jul 27, 2021 |
hybridblood07: In my (poor opinion) most African countries don't try to do what we do...give everyone, villager and city dweller power....thus overstretching their grid. (Cameroon still has some parts of the country that are not connected to any grid anywhere.) Also, some African countries pay more per kwh of power than we do eg Ghana. (The subsidy they want to remove is supposed to cover the losses the DISCOS incur in selling power at a low price...but due to rising costs, it cannot adequately cover all losses) 2 Likes 1 Share |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by TheRareGem1(f): 11:18am On Jul 27, 2021 |
lexy2014: Even with the incompetence by those gej admin sold the sector to, this admin is still able to improve power across the nation, I remember how we use to suffer for light in those days, if we are lucky, five minutes light out of 24 hours. |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by udemzyudex(m): 11:18am On Jul 27, 2021 |
TheRareGem1: If you have nothing reasonable to post just STFU,stop displaying your ignorance thinking you're making sense. |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by lexy2014: 11:19am On Jul 27, 2021 |
TheRareGem1: What indices or criteria are u using to justify ur assertion or isnt this ur usual image laundering which u are tasked to do? Is it possible to launder something that is clean? 1 Like |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by SouthSouth1914: 11:19am On Jul 27, 2021 |
TheRareGem1: You are a joke! 1 Like |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Nobody: 11:19am On Jul 27, 2021 |
TheRareGem1: Power has not improved in Nigeria. Especially since Lagos alone needs 10000mw daily to have 24 hour power..and that's a figure from eleven years ago. We need to generate far more than we have, and we need to fix transmission as well. |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by lexy2014: 11:20am On Jul 27, 2021 |
TheRareGem1: U haven't answered d questions I asked: 6years into this administration, u are still blaming d last administration for d failures of ur paymasters. Did this administration not about how d last administration was handling d power sector before it campaigned on d promise that it will fix d power sector? Is it d last administration that is responsible for d inflation, d worsening economy, d unemployment, d security challenges in which bandits are cashing out from kidnapping school kids? |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by SpecialAdviser(m): 11:21am On Jul 27, 2021 |
Beancounter94: GEJ too was a corrupt man with his group. Even as he meant well by removing subsidy, him and his group corruption wouldn't make the economy sound to stand the pressure which the subsidy removal will bring on the masses. Buhari also a failure, a worse corrupt man who killed the economy with his incompetence wants to remove subsidy too. Do you really understand my line of argument? We the masses should rise up to the stupidity of these regimes. Let them account for their looting and force them to fix the economy. Imagine Rotimi Amaechi taking billions to build railway. How much does it cost in other countries? What about all the corruption in arms procurement? Do you really think Nigeria will stand what will come after the subsidy removal? Ok let them remove all and we see how you can stand the chaos that will come with it. May be that will be the real cracker that will help Nigerians fight together. How can lawmakers be collecting all these allowances in a country with this kind of poverty? My brother once all these subsidies are remove, I will advise you be careful how you move because insecurities may not be curtailed 2 Likes 1 Share |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by TheRareGem1(f): 11:22am On Jul 27, 2021 |
Beancounter94: Improvement I ment isn't 24 hours please. I remember how we use to frown at GEJ in Garki because of this constant power outage then, but now to some extent, we can boost of decent power supply. |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Nobody: 11:23am On Jul 27, 2021 |
SpecialAdviser: If you want to remove corruption, WE Nigerians have to be ready to fight corruption But in the meantime, subsidy has to go, because it is one of the things driving us into more and more debt, and stifling job and economic growth. |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by akezn: 11:24am On Jul 27, 2021 |
You people should just do and go self. We are tired of seeing your faces. We would have been better off if the country was on auto-pilot. Good for nothing bundle of inconsistent fellows. |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by excel101(m): 11:25am On Jul 27, 2021 |
They tried removing subsidy from petrol, they did not succeed, now they've moved to the power sector. Must the led/people always be at the receiving. Right from coming to power since 6yrs ago, all this Govt. keep saying is "we will, we will" and they end up not doing anything. Here they go again "we will" |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by TheRareGem1(f): 11:25am On Jul 27, 2021 |
SouthSouth1914: So are you. |
Re: FG To End ₦30 Billion Monthly Electricity Subsidy Next Year — Osinbajo by Nobody: 11:25am On Jul 27, 2021 |
TheRareGem1: So, we should happily take the 12 hours average we can get ? Okay I remember how we use to frown at GEJ in Garki because of this constant power outage then, but now to some extent, we can boost of decent power supply. I also recall how we used to frown about power since the early 1980's Anyway, if we want 24 hour power fixed, allow the DISCOS and GENCOS charge cost reflective tarrifs....it is that simple. You want a ferrari, you pay ferrari price, not Toyota corolla price. |
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