Nigeria is a confused mess as we speak.

MYTO was proposed to review the tariff regularly, but the same government that sold the companies to PEP, were the ones who stopped the implementation of a higher tariff.

The government owes N202 billion which is approximately one-quarter of the debt accrued, about N819 Billion

Till date, the planned metering scheme has been suffocated intentionally.

Where do we start solving the problem?

What about the constitutional reserve of power transmission on the Exclusive legislative list?

Lol....prepaid meter Don plenty now

People Don dey pay for wetin dem dey use

So d only way thief now na to increase tarrif

Wow u all right t

gadgethead:


They had an option, make sure every customer had prepaid meters!

Even with that, customers bypass meters.

(Yes, it happens)

Gbam!

funshint:

One of the bad legacies of former President Goodluck Jonathan. They screwed up NEPA and then sold it to their crownies. People with zero experience of the power sector. The whole arrangement was already designed to fail before it started.

berbs:


E be like say head dey pain you

.

Charmed, I'm sure.

How many times do they give power in a day, week, and month and how much do they bring to consumers to pay as bill

Well, when 40% of the customers are not paying, plus government deliberately keeps the bills low, plus few states are actually profitable, that can cause one not to make enough profit to fix things.

Read the news report...there are a lot of interesting facts there

Good morning to you too.

Wow. Please don't say what said on another platform oh!
It was a very ignorant comment.

BuyAndSellStuff:


What businesses did the black man have before the white man? Lol

The white man introduced the monetary system.

Corrupt wan destroy them.

angelfallz:
No surprises here. The discos were sold to politicians.

True. Thats what you get when you sell to family & friends instead of competent hands.

BuyAndSellStuff:


What businesses did the black man have before the white man? Lol

The white man introduced the monetary system.

King Jaja of Opobo had a successful business exporting palm produce by himself to europe. The white man got jealous and kidnapped him.
If you dont know about pre-colonial monetary system, do some reading rather than spreading ignorance.
Benin empire currency was an acceptable medium of exchange in far away kingdom of morocco. Zanzibar/Tanzania was trading with china and india before they met any white man.

Privatization of Electricity distribution, one of the biggest mistakes made by the GEJ group.

It was doomed to fail from the start.

Disco that does not even have meter that customers have paid for.

TheSameGuy:
Why won't there be insolvency when all the legal and illegal charges collected monthly by discos employee is shared Among themselves

give people Meter for where na to de send huge bills every month... Some of their staffs de collect huge sums... From where...d money de comot... Imagine sending about 80k plus to a compounds where people earn around 45k monthly... How do they expect them to meet up... Many people should just write to them rejecting use of power til Meter is gotten

PDP legacy

-Viper

SIRTee15:


King Jaja of Opobo had a successful business exporting palm produce by himself to europe. The white man got jealous and kidnapped him.
If you dont know about pre-colonial monetary system, do some reading rather than spreading ignorance.
Benin empire currency was an acceptable medium of exchange in far away kingdom of morocco. Zanzibar/Tanzania was trading with china and india before they met any white man.

Jaja of Opobo was in the 1800s. The White man was already in Africa in the 1400s.

Can you see how dumb you are?

TheSameGuy:
Why won't there be insolvency when all the legal and illegal charges collected monthly by discos employee is shared Among themselves

Most DISCOs owners are grand thieves who are experts in robbing consumers, FG and GenCos. They're not investing, they're not paying GenCos, they're collecting subsidy from FG and yet, they're good in diverting their revenue to their private pockets but giving doctored revenue analysis to the public. The last time I checked, the issue of crazy bills is still very much around.

BuyAndSellStuff:


Jaja of Opobo was in the 1800s. The White man was already in Africa in the 1400s.

Can you see how dumb you are?

jaja ran a successful business empire independent of white man. That's the point here. He was able to cut off the white men middle men and directly export his goods to the port of liverpool. This was someone who had never set foot on Europe yet able to navigate the complex import/export trading system successfully.
zanzibar merchants also did the same thing with china and India without any white men involvement.
dont come here and spew thrash that black man isn't capable of running a business.
The time the whites arrived the continent is inconsequential. They didnt impose their governance and civilisation on the continent until after the berlin conference.

Disco dancers, they should Collapse so that PHCN they sold out, out of greed to be brought back. After all, it was part of pa buhari's campaign promises to bring PHCN back if he is voted to power. Seven year down the line, Nigerians are still paying exorbitant fictitious bills for darkness. The government keep giving them bailout for retrogression. Who will bail Nigerians out from these Vampires, the government internationally bought electricity and sold the rest to their friends and families to extort Nigerians, who are already and internationally Impoverished.

The president is looking for funds to borrow, when he can jus remove all the discos wires and transformers, sell off all the power stations, and we jus know it's either generator or solar, the discos are not working with the sense of development but make e no be say pple papa no go work/get work, make Dem jus dey pay them salary lik civil servant

dre11:


• No DisCo declared dividend eight years after privatisation

• Buying electricity assets with loans, misplaced priority, say experts

• Banks may run into regulatory sanctions over non-performing electricity loans

• N202b MDAs debt, insecurity, theft, lax corporate governance pose fresh challenges

• GenCos suffer investment shortfall over DisCos’ load rejection




https://guardian.ng/news/discos-face-imminent-collapse-wallow-in-debt/

SIRTee15:


jaja ran a successful business empire independent of white man. That's the point here. He was able to cut off the white men middle men and export his goods to the port of liverpool.
zanzibar merchants also did the same thing with china and india.
dont come here and spew thrash that black man isn't capable of running a business.
The time the whites arrived the continent is inconsequential. They didnt impose their governance and civilisation on the continent until after the berlin conference.

No matter what you say, he learnt it from the white man.

BuyAndSellStuff:


No matter what you say, he learnt it from the white man.

Good u beginning to adjust some of your words. There is nothing wrong in learning. Besides whites didn't teach him anything, he observed and quickly mastered the business skill. Jaja had never been to europe, how did he know he could export without any middlemen involvement? Innate business intelligence.
U failed to say anything about the Zanzibar merchants men who had been trading china and India for hundred of yrs. They even showed the Portuguese the way to India.
There are lots of u here who are ignorant but arrogant. U continue to force your defeatist inferiority complex on others. I will continue to flog u people with facts.

SIRTee15:


Good u beginning to adjust some of your words. There is nothing wrong in learning. Besides whites didn't teach him anything, he observed and quickly mastered the business skill. Jaja had never been to europe, how did he know he could export without any middlemen involvement? Innate business intelligence.
U failed to say anything about the Zanzibar merchants men who had been trading china and India for hundred of yrs. They even showed the Portuguese the way to India.
There are lots of u here who are ignorant but arrogant. U continue to force your defeatist inferiority complex on others. I will continue to flog u people with facts.

I did not adjust anything. You are just contradicting yourself in abject and pitiable foolishness.

I said from the onset that the white man introduced business to the black man. Jaja of Opobo learnt business from the white man and managed to kick them out.

The bolded means you admit he learnt from the white man. If you like call it observe, study or monitor na you know. Fact is, what he did, he took it from whatever the white man was doing in his era.

As for your stupid bolded question, he knew because the white men were right there in Bonny & environs doing the same business he later learnt. (That question exposes how dumb you are).


The white man taught the black man how to do business.

BuyAndSellStuff:


I did not adjust anything. You are just contradicting yourself in abject and pitiable foolishness.

I said from the onset that the white man introduced business to the black man. Jaja of Opobo learnt business from the white man and managed to kick them out.

The bolded means you admit he learnt from the white man. If you like call it observe, study or monitor na you know. Fact is, what he did, he took it from whatever the white man was doing in his era.

As for your stupid bolded question, he knew because the white men were right there in Bonny & environs doing the same business he later learnt. (That question exposes how dumb you are).


The white man taught the black man how to do business.

Go and read your first post on this topic...u said black man cannot run a successful business without help from a white man.
Which white man helped jaja of opobo run his successful business even in the pre colonial era? none. Pre colonial black men were not stupid or dumb like u assume. That's my point.

U avoided the Zanzibar merchants line...of course u know nothing about African pre colonial history to dare attempt that answer.
Take a book and read your history b4 u come online next time to write thrash.

I always meant to come back to this thread, and give a more detailed post

The reason why the DISCOS are strugglling is simple.

FIRST when the discos were set up, they were not allowed to set their tarrifs. Instead government set the tarrifs for them. As a result, while discos should have been charging something like N83 per kwh and above, they were until 2019 charging below N30, and after between N49-71 ...meaning at the end of the day, they lost money.

SECOND: Nigerians don't pay their power bills. Now, it is harsh to say this, and it is harsh not to have to pay for power you do not get, but the truth is, many of us don't pay our bills. And on this site, we cheer for people who do not pay their bills. (I recall one thread where a retired army officer living in Maitama was using violence to chase away disco debt collectors, and people were cheerring for him...meanwhile he lives in Maitama, which gets light 24/7. It's not like he lives in places like Gwagwalada which get issues with light)


These two reasons add up to a liquidity crisis.

Many of us won't like it if we ran a business, and government came and told us how we should set our prices, plus 40-50% of our customers don't pay. We would be out of business. Yet, this is how we treat the discos every day, every year. If not for mass government subsidies they would have collapsed since. Stop that, one has collapsed, and two are in the hands of their creditors.

At the end we can only blame corruption as much. NNPC hasn't collapsed because you cannot steal petrol. Most of the PMS in this country is paid for. The GSM companies have not collapsed because you cannot use their servicies without paying for them, and government cannot set their prices.

EVEN when meters are put in place, people bypass the meters. Let us not lie to ourselves. People bypass meters and joke about it. I have seen it (one property where i was renting apartment, the landlord had to pay a fine after one tenant bypassed the meter , and then jumped the ship and left the landlord to pay penalties before power could be restored for the next tenant coming in)

At the end , if we want power, we either pay the DISCOS what they want. And handing it back to government won't change things, especially since government messed it up. Handing it to 'oyinbo' investors....we still have to pay the tarrifs they want because every investor must recoup his investment with profit, or else....and investors don't come and build things for us without expecting a profit. The truth is, the power business must be run as a business for it to work. If we want it as a social service...then we have to pay the kind of taxes...and that means everyone pays...including beggars, farmers and herdsmen...for us to have the money we need to fix power...because the oil revenue we rely on is facing falling prices in the next three years.

So Nigeria, let's face reality. No amount of abuse, insult, etc, is going to change the fact that you cannot run a business as a social service.


Modiifed

This paper gives a better articulation of what I have just been saying. It was not commisioned by government, nor by Buhari, and they are not lying to you

https://www.pwc.com/ng/en/assets/pdf/solving-liquidity-crunch-nigerian-power.pdf

SIRTee15:


Go and read your first post on this topic...u said black man cannot run a successful business without help from a white man.
Which white man helped jaja of opobo run his successful business even in the pre colonial era? none. Pre colonial black men were not stupid or dumb like u assume. That's my point.

U avoided the Zanzibar merchants line...of course u know nothing about African pre colonial history to dare attempt that answer.
Take a book and read your history b4 u come online next time to write thrash.

Answer: The white men you just said he studied/observed/monitored/ etc


Why do you choose foolishness over common sense?

backbencher:
Basically it all boils down to one thing

DISCOS are not allowed to charge the money they should charge

Then people don't pay their bills as and at when due.

When your customers are not paying you the money you need, issues are going to arise.

Meter the consumers and then come and repeat this customers are not paying as at when due.

PrinceOfLagos:
Privatization isn't working In Nigeria

All the government bodies being privatized to private bodies aren't doing well at all

Communication nkor

PrinceOfLagos:
Privatization isn't working In Nigeria

All the government bodies being privatized to private bodies aren't doing well at all

1.The GSM sector would like a word.

2.Problem with power is government does not allow them set the prices they want to set. Instead government forces them to operate at a loss, and then bails them out with subsides.

Well, it isn't working anymore...the arrangement, that is.

BuyAndSellStuff:


Answer: The white men you just said he studied/observed/monitored/ etc


Why do you choose foolishness over common sense?

Hahaha...
U beginning to go around in circles.
I suggest u go and read about jaja of opobo.

Jaja was a slave who had his apprenticeship under fellow black men like himself in bonny. At than time, the thriving business was slave trade.
He was the one that united the clans together and enforced a blockade against oil palm British merchants moving into the interior. That was the game changer. White people couldn't have taught him that.

Next time know about what u writing about b4 displaying your foolery online. I hate educated but ignorant black people.

PrinceOfLagos:
Privatization isn't working In Nigeria

All the government bodies being privatized to private bodies aren't doing well at all

You're right on this

luizpippo:


Meter the consumers and then come and repeat this customers are not paying as at when due.

Yes, we should give everyone a meter,(and yes, I think it is the right thing to do) but the thing is, the discos too also have problems with people who bypass the meters as well.

Thing is, we have to make up our mind. Is power a social service or a business. Treating it like a social service is why we don't have light today

I paid estimated billing for ages before i got a meter. Did not like it, but if I refused to pay, where are the discos going to get money to fix things.

We paid for bad service of the gsm companies in the early days...and at the price they set...which is what the government won't let the discos do. And the gsm companies took our money and made huge profits which they used to fix things.