₦airaland Forum

WizardOfNG:
That is not true and this is a mistake, ignorant of our reality, some of you keep making.

Without belabouring the consideration of how we got here, the reality is that power supply is very expensive and Nigeria can simply not afford 24/7 power supply for every Nigerian even if our national income tripled.

This is because decades of under-investments in the power sector has now left Nigeria with a moribund, highly inadequate and archaic power sector.

One key solution is to increase tariffs and reinvest profit made in enhancing power generation, transmission and distribution till we can scale up enough to reach 24/7 supply eventually.

Because we alll have different power needs and pockets, it is only fair and logical to have higher tariffs for those willing to pay more for more hours of power per day since it is impossible to give all Nigerians 24/7 power supply as many ignorantly believe.

If we do this Judiciously for 5 to 8 years, and Nigeria's economy continues to improve meaning more money to invest in power supply, we will eventually move towards 24/7 power supply for everyone and one uniform tariffs for all Nigerians
for residentials users while businesses will always have to pay more per their far heavier use and the reality they use government-supllied electricity for profit-generation..

This is a myth our corrupt politicians have made many to believe. The money stolen by one politician can provide 24hrs electricity for one whole state.

Do you know how much has been budgeted and pent on power generation year on year? But Bart Nnaji has built a power plant which supplies 24hrs electricity in Aba with less than 1b usd.

I know you will say the same about petroleum refining, but Dangote has built one now.

Come on, let's change our orientation, we only need a leader with political will.

ruffhandu:
Oga, please pity Nigerians and stop supporting segregation. Every Nigerian is entitled to constant supply of electricity, and the cost of electricity should be according to usage and the same for everyone

Why not go full communist while you're at it, and start ranting "From each according to his ability, to each according to his needs!" like a good student of Karl Marx? How well did that work out for the Soviet Union? How well is it currently working out for North Korea?

You need to grow up and face reality: electricity costs something to generate, and someone somewhere must pay that price. Neither the FG nor the states have the money to do so, and no private investors are going to squander their own savings so you can enjoy the unrealistically cheap power you consider yourself "entitled" to. It is that very same "entitlement" mentality that has led Nigeria's power generation and distribution to stagnate for the last 40 years!

ruffhandu:
This is a myth our corrupt politicians have made many to believe. The money stolen by one politician can provide 24hrs electricity for one whole state.

Do you know how much has been budgeted and pent on power generation year on year? But Bart Nnaji has built a power plant which supplies 24hrs electricity in Aba with less than 1b usd.

I know you will say the same about petroleum refining, but Dangote has built one now.

Come on, let's change our orientation, we only need a leader with political will.

Bro, I don't want to argue with you and others too much. I will let the detailed submission of power sector expert inform you of what I am saying about tariffs and how they must increase considerably with the attendant positive contribution of removal of electricity subsidy.

If you won't listen to me then consider the logic of the submission of experts dispassionately and objectly.

Below is an excerpt from an article submitted by a power sector export. Long read but progressive Nairaland should try and read from start to finish so they pick up a few useful info they were not aware of which can show they were previously misinformed simplistically insisting a cessation of corruption will mean 24/7 electricity.

It will help, by making more money available to invest in the power sector, but it wont deliver stable power for Nigeria that needs many times what politicians are stealing to move us close to 24/7 electricity.


https://www.premiumtimesng.com/news/headlines/407308-why-nigerias-electricity-supply-remains-poor-despite-privatisation-ceo-century-power.html?tztc=1

How to best protect Nigerians to get power.

Those people that we think we are protecting by forcing the tariff to stay low, we are actually hurting them.

Because those people can’t really get jobs because factories are not working. We have a few factories working. But if we produce a lot of power, even at double the price of what we produce today, more factories are going to be able to produce goods in Nigeria.

They will be able to hire more Nigerians, pay them more. Those Nigerians are going to turn around and buy these produced goods from the factories that work in Nigeria and the money is going to go around.

Just talks.

WizardOfNG:
Bro, I don't want to argue with you and others too much. I will let the detailed submission of power sector expert inform you of what I am saying about tariffs and how they must increase considerably with the attendant positive contribution of removal of electricity subsidy.

If you won't listen to me then consider the logic of the submission of experts dispassionately and objectly.

Below is an excerpt from an article submotted by a power sector export. Long read but progressive Nairaland should try and read from start to finish so they pick up a few useful info they were not aware of which can show they were previously misinformed simplistically insisting a cessation of corruption will mean 24/7 electricity.

It will help, by making more money available to invest in the power sector, but it wont deliver stable power for Nigeria that needs many times qhat politicians are stealing to move ua close to 24/7 electricity.


https://www.premiumtimesng.com/news/headlines/407308-why-nigerias-electricity-supply-remains-poor-despite-privatisation-ceo-century-power.html?tztc=1

I am not against price increase, I am only strongly opining that providibg electricity by a government is not rocket science.

I pay about 250 per unit for my family now, that has only made me instruct judicious use of the resource.

Make it available 24/7 for all, even if you make it 1000 per unit, then let the rich blow AC 24/7 while the poor only uses fan when he only feels very hot, else hand fan will serve.

24/7 electricity is possible for all in naija

omohayek:
Why not go full communist while you're at it, and start ranting "From each according to his ability, to each according to his needs!" like a good student of Karl Marx? How well did that work out for the Soviet Union? How well is it currently working out for North Korea?

You need to grow up and face reality: electricity costs something to generate, and someone somewhere must pay that price. Neither the FG nor the states have the money to do so, and no private investors are going to squander their own savings so you can enjoy the unrealistically cheap power you consider yourself "entitled" to. It is that very same "entitlement" mentality that has led Nigeria's power generation and distribution to stagnate for the last 40 years!

What is your argument? It seems you didn't understand my point.

My point is, electricity can be expensive, no problem, but make it available for all, and let all pay the same amount.

ruffhandu:
What is your argument? It seems you didn't understand my point.

My point is, electricity can be expensive, no problem, but make it available for all, and let all pay the same amount.

You are correct it should be available to all but that cannot be right now with a power sector so poor and archaic, it is the equivalent of what some developed nations had over a century ago.

The guy you responded to is 100% correct. Without redundant back and forth about how we got here, the reality is that State and Federal government do not have even 10% of the money required to fund the 24/7 power Nigerians hanker for.

As he correctly stated also, the private sector will avoid investment in the power sector of a nation that can never be profitable for them because Nigerians and their entitlement mentality, coupled with their romance with generational poverty they love sleeping with, feel they should pay 1k naira a month ( less than 1 dollar) for 24/7 electricity.

For decades now we have been been "signing" deals with Siemens etal and 24/7 power supply is "near" yet have those world class companies, with profit being their God, ever landed on ground to begin working towards our illusionary 24/7 power?

They stay away because of the simple fact that power supply is very expensive, from generation through transmission and then distribution.

To them this means Nigeria, where we dont want to pay the actual cost of 24/7 power because Government has saddled us with poverty mentality due to subsidising every aspect of our lives, is a bad market for them.

How I wish some of you can see we have really boxed ourselves into a terrible corner with poverty-elongating subsidization of every aspect of Nigerian life, over many decades now, when we should have just let free market competition and greater private sector intervention develop our critical sectors (power supply, education, fuel supply etal) as it did for the richest and most developed nations of the world today.

SocialJustice:
Stop typing rubbish, even the blind knows Nigeria population is on a massive increase.

I have good news for you, the population control measures are already on the way, they will dot it by reducing reproduction, and also through war and farming will reduce the population of the living .

The decision about who will live or die is being made by oyinbo people who call everybody that looks like you a nigger.

SO DONT BE SUPRISED IF YOUR LIFE IS ON THE LIST OF THE USELESS EATERS WHO NEED TO BE KILLED OFF, you and everybody you know and love. And then you will be happy to have made your personal contribution to the population reduction program .

WizardOfNG:
You are correct it should be available to all but that cannot be right now with a power sector so poor and archaic, it is the equivalent of what some developed nations had over a century ago.

The guy you responded to is 100% correct. Without redundant back and forth about how we got here, the reality is that State and Federal government do not have even 10% of the money required to fund the 24/7 power Nigerians hanker for.

As he correctly stated also, the private sector will avoid investment in the power sector of a nation that can never be profitable for them because Nigerians and their entitlement mentality, coupled with their romance with generational poverty they love sleeping with, feel they should pay 1k naira a month ( less than 1 dollar) for 24/7 electricity.

For decades now we have been been "signing" deals with Siemens etal and 24/7 power supply is "near" yet have those world class companies, with profit being their God, ever landed on ground to begin working towards our illusionary 24/7 power?

They stay away because of the simple fact that power supply is very expensive, from generation through transmission and then distribution.

To them this means Nigeria, where we dont want to pay the actual cost of 24/7 power because Government has saddled us with poverty mentality due to subsidising every aspect of our lives, is a bad market for them.

How I wish some of you can see we have really boxed ourselves into a terrible corner with poverty-elongating subsidization of every aspect of Nigerian life, over many decades now, when we should have just let free market competition and greater private sector intervention develop our critical sectors (power supply, education, fuel supply etal) as it did for the richest and most developed nations of the world today.

I agree with certain pointd you made. But, like I said, Nigeria can provide 24/7 electricity for her citizens now, the truth is that the captains of the ships do not really want it.

The mentality of the average Nigerian is skewed in some sense, but some of their 'entitlement mentality' is deserving.

I spent more on electricity last month (a 4 bedroom duplex) than a friend in Sweden (3 bedroom villa). W
Nigerians have been sonmessed up that we have accepted our fate.

In all your submission, you seem to exonorate our leaders.

If the government will have a roadmap of enduring steady electricity state by state in piecemeal for the past years, then Nigerians will have hope.

How can you even be talking of costly power tjat you have not supplied?