aieromon:


Let's look at the facts on ground.

House 1
Power load = 2000W
Average of 20hrs/day gives 600 hours in a 30 day calendar month.
Power consumption = 2kW * 600h = 1200kWh
Cost of power consumed = ₦225 * 1200 = ₦270,000

House 2
Power load = 2000W
Power is generated using a 2.5 kVA petrol generator. Running wattage is 2000W.
Fuel efficiency = 1.1litres/hour (15 litres in 14 hours at 50% load - generator will consume more if we increase the load but let us stick with this for the purpose of this comparison)
For House 2 to generate 600hrs in a month requires 660L of PMS.
At ₦560/litre, House 2 will spend a sum of ₦369,600 in an attempt to replicate power supply from DISCOs. Maintenance cost has not been factored in these calculations.



A lot of small scale businesses spend up to ₦178,000 monthly running petrol generators.

Power is not cheap!

mrvitalis:

I have always said it here, Nigerians that can afford 24 hours electricity already have it

There is no one that wants electricity 24/7 that can't get them

Nigerians want the impossible which is free/cheap and steady electricity... Electricity is luxury and we are too poor for it right now

We don't need electricity for development

There is absolutely no company you can start only when you have electricity 24/7 that u can't start now

Cromagnon:
massive arrest and find will not you. Piling no dey Taya to collect fine o
Ask motorists and yahoo boys

mrvitalis:

I have always said it here, Nigerians that can afford 24 hours electricity already have it

There is no one that wants electricity 24/7 that can't get them

Nigerians want the impossible which is free/cheap and steady electricity... Electricity is luxury and we are too poor for it right now

We don't need electricity for development

There is absolutely no company you can start only when you have electricity 24/7 that u can't start now

Zxcvbnmghtr:


That's not true. Most factories have not been relaying on 'NEPA' for a very long time because of the epileptic power supply. Truth be told, most businesses run on generator, house holds, spend a lot of money on powering their generators. It's not a factor at all.

mrvitalis:

Is there any country that electricity is free? Outside socialist republics with small population and huge resources

mrvitalis:

The problem is most of you mistake electricity or access to electricity to national grid electricity

You can't power a modern factory without electricity that's a fact... But that electricity doesn't need to come from the national grid that's my point

With this plan it's 50% cheaper to power your factory with CNG than tap power from the national grid

What we need is access to gas supplies not access to national grid for industries

Nuzo1:


I didn’t mistaken anything when I countered the argument that development does not require electricity.

Now that you have agreed with me, let’s talk about your latest argument that we don’t need national grid to power our industries. Another unrealistic approach.

I said for years, I lived and experienced development in Asia and slightly Europe. For Asia, especially China, Singapore and Hong Kong; they subsidized electricity for any willing investor in heavy industries. I saw it first hand. I visited and transacted businesses with these mega factories. Non generated their own power. Even up till now.

How are start ups and even heavy and high tech industries supposed to be burdened with production and at the same time generating electricity which is a big deal.

CNG is good but not that affordable in terms of massive production.

This is not about politics and alliances. For Nigeria to develop and try to catch up with developed economies, government needs to provide cheap and stable electricity.

Telling people to provide their own power through cng is not realistic.

aieromon:


Let's look at the facts on ground.

House 1
Power load = 2000W
Average of 20hrs/day gives 600 hours in a 30 day calendar month.
Power consumption = 2kW * 600h = 1200kWh
Cost of power consumed = ₦225 * 1200 = ₦270,000

House 2
Power load = 2000W
Power is generated using a 2.5 kVA petrol generator. Running wattage is 2000W.
Fuel efficiency = 1.1litres/hour (15 litres in 14 hours at 50% load - generator will consume more if we increase the load but let us stick with this for the purpose of this comparison)
For House 2 to generate 600hrs in a month requires 660L of PMS.
At ₦560/litre, House 2 will spend a sum of ₦369,600 in an attempt to replicate power supply from DISCOs. Maintenance cost has not been factored in these calculations.



A lot of small scale businesses spend up to ₦178,000 monthly running petrol generators.

Power is not cheap!

tundebasic:

I've read so many comments from you today, and I'm awestruck!
1. Electricity is not a human right?
Well, while it may not be a fundamental human right, it is a derived human right.

2. Electricity is not needed for development?

So, can you tell us what is needed for development?

According to Forbes:
A lack of energy in the form of electricity fundamentally restricts the development of many countries. Access to electricity reduces poverty, increases opportunity, and improves health, productivity and living standards.

So, how do you think we can reduce poverty, increase job creation and opportunities, and improve health care, and living standards without electricity?

3. You are separating access to electricity from electricity itself. I believe they are the same.

4. Nigeria is one of the countries with cheapest electricity in Africa as at 2023 (top 10 at $0.03 USD), but now in 2024, we are among the top 20 costliest country in Africa with this new tariff (at $0.15 USD).
In your own opinion, what justifies this increase?

mrvitalis:

Do Nigerians lack electricity? What stops you from getting electricity?

$15k can give a household 24/7 electricity for 20 years none stop

BabaRamota1980:


Minimum wage earner is the baseline we are using for comparison. In Nigeria, minimum wage earner is exempted from tax. All those things you listed do not fall within the affordability of a minimum wage earner in Nigeria.

tundebasic:

Do Nigerians have electricity? Abi what have we been clamoring about since? So, a country of 200 million people generating less than 7000 mega watts has electricity? In comparison, Angola generates over 1 giga watts?

Do you know my income as a Nigerian? If I earn 120k monthly, at the current exchange rate, $15k is around 18 million NGN. It'll take me 15 years to raise it.

socialmediaman:
More context and data (using N1,300 = $1 conversion rate):

Electricity cost per KWH for band A in Nigeria = 17 cents. The minimum wage in Nigeria is N30,000 monthly.

Electricity cost per KWH in North Dakota (US) = 10 cents. Minimum wage in North Dakota is $7.25 per hour (N1.3 million naira monthly).

Electricity cost per KWH in Texas (US) = 15 cents. Minimum wage in Texas is $7.25 per hour (N1.3 million naira monthly).

Note: Many Nigerians living in major cities (rich or poor) in Nigeria fall within the band A category, including residents and businesses.

socialmediaman:
The Tinubu government has just increased electricity cost for band A customers to N225 per KPH.

For context, customers in the US pay about the same cost per KPH (or cheaper) depending on the state you live in.

Energy analysts are explaining that Nigerians are willing to pay more if they have access to electricity.

Based on data from NerdWallet, the average monthly electricity cost in the US is about $137 which is about N178,000.

Are you willing to pay N178,000 monthly for electricity for a 24-hour supply?

Zxcvbnmghtr:
The increase in tarrif is very welcome. I was very glad when I heard the news. As for me, I am more than ready to pay. My hope is that the keep their end of the bargain, no disappointment 24/7 supply of electricity.

Dialpad:
Look your mom in the face and call her an idi-ot

mrvitalis:

If u earn 120k u can't afford 24 hours electricity anywhere

tundebasic:

In essence, you are telling me that 4x the minimum wage in my country is not enough to provide me with stable electricity 🔌.

Can you tell me any other country in the world where 4x of their minimum wage is not enough to pay for basic electricity usage?

socialmediaman:
The Tinubu government has just increased electricity cost for band A customers to N225 per KPH.

For context, customers in the US pay about the same cost per KPH (or cheaper) depending on the state you live in.

Energy analysts are explaining that Nigerians are willing to pay more if they have access to electricity.

Based on data from NerdWallet, the average monthly electricity cost in the US is about $137 which is about N178,000.

Are you willing to pay N178,000 monthly for electricity for a 24-hour supply?

aieromon:


Let's look at the facts on ground.

House 1
Power load = 2000W
Average of 20hrs/day gives 600 hours in a 30 day calendar month.
Power consumption = 2kW * 600h = 1200kWh
Cost of power consumed = ₦225 * 1200 = ₦270,000
What percentage of the users' income does this amount to? Can you then juxtapose this percentage to what is obtainable in other countries that pay as huge as that? From whatever result you have, is the new price template affordable and sustainable? Electricity supply that is not affordable is not cheap.

House 2
Power load = 2000W
Power is generated using a 2.5 kVA petrol generator. Running wattage is 2000W.
Fuel efficiency = 1.1litres/hour (15 litres in 14 hours at 50% load - generator will consume more if we increase the load but let us stick with this for the purpose of this comparison)
For House 2 to generate 600hrs in a month requires 660L of PMS.
At ₦560/litre, House 2 will spend a sum of ₦369,600 in an attempt to replicate power supply from DISCOs. Maintenance cost has not been factored in these calculations.



A lot of small scale businesses spend up to ₦178,000 monthly running petrol generators.

Power is not cheap!

aieromon:


Let's look at the facts on ground.

House 1
Power load = 2000W
Average of 20hrs/day gives 600 hours in a 30 day calendar month.
Power consumption = 2kW * 600h = 1200kWh
Cost of power consumed = ₦225 * 1200 = ₦270,000

House 2
Power load = 2000W
Power is generated using a 2.5 kVA petrol generator. Running wattage is 2000W.
Fuel efficiency = 1.1litres/hour (15 litres in 14 hours at 50% load - generator will consume more if we increase the load but let us stick with this for the purpose of this comparison)
For House 2 to generate 600hrs in a month requires 660L of PMS.
At ₦560/litre, House 2 will spend a sum of ₦369,600 in an attempt to replicate power supply from DISCOs. Maintenance cost has not been factored in these calculations.



A lot of small scale businesses spend up to ₦178,000 monthly running petrol generators.

Power is not cheap!

mrvitalis:

Exactly your problems is economical hold your leaders accountable

What Nigerians should get after is increasing productivity, GDP so that earnings can grow

If we can grow GDP per capita to mere $7500

Electricity would become more affordable and to do that we don't need electricity

What we need is access to credit, access to gas to power industry, good economic policy to favor exports
Allow free importation of raw materials n machines

You as an individual don't need 24/7 electricity just like u don't need car or fancy apartments

socialmediaman:
The Tinubu government has just increased electricity cost for band A customers to N225 per KPH.

For context, customers in the US pay about the same cost per KPH (or cheaper) depending on the state you live in.

Energy analysts are explaining that Nigerians are willing to pay more if they have access to electricity.

Based on data from NerdWallet, the average monthly electricity cost in the US is about $137 which is about N178,000.

Are you willing to pay N178,000 monthly for electricity for a 24-hour supply?

tundebasic:

You tried, and I see what you mean. However, you still don't get it do you?

So, I went to a friend's company that manufactures animal feed recently. Using your analogy, he has 50kva generator, and other machines. Now, for starters (at current prices), let's say 50 kva is 4.9 m, He pays 3 m for rent, raw material (corn is 540 k per ton), the milling machine itself is about 9 m now. Funny enough, his target was to make a measly 300k monthly profit!

Note: obviously, he needs to buy more than 1 ton of corn and other materials or inputs to make 300k profit monthly.

Now already, the above sums above 17 million naira for a company targeting 300k monthly profit. Funny enough, the costs of daily diesel consumption has not been added. Cost of acquiring gen alone is almost 30% of the total cost for starting the factory?!

I get you, but for a low income country like Nigeria, we still largely need stable and subsidized electricity to boost productivity.

mrvitalis:

First your friends would be better using CNG to power his 50kva generator than using Nepa and paying 240per kWh

He can off the gen when it's not needed zero downtime

If your friend can set up a feed mill trust me getting gen, CNG won't be an issue

Ask your friend for me how many kg of his feed can get a chicken to 3kg in 7 weeks let's see if we can do business

aieromon:


Let's look at the facts on ground.

House 1
Power load = 2000W
Average of 20hrs/day gives 600 hours in a 30 day calendar month.
Power consumption = 2kW * 600h = 1200kWh
Cost of power consumed = ₦225 * 1200 = ₦270,000

House 2
Power load = 2000W
Power is generated using a 2.5 kVA petrol generator. Running wattage is 2000W.
Fuel efficiency = 1.1litres/hour (15 litres in 14 hours at 50% load - generator will consume more if we increase the load but let us stick with this for the purpose of this comparison)
For House 2 to generate 600hrs in a month requires 660L of PMS.
At ₦560/litre, House 2 will spend a sum of ₦369,600 in an attempt to replicate power supply from DISCOs. Maintenance cost has not been factored in these calculations.



A lot of small scale businesses spend up to ₦178,000 monthly running petrol generators.

Power is not cheap!