₦airaland Forum

madridguy:
Which subsidy again oga? Are we going to be paying more now for power?

Ttalk:
Look you are not talking to a novice, I operate is a sector of energy and I know what am saying.

No one is saying power should be given freely. But why are the disco unwilling to give people meter even when people are ready to pay for what is supposed to be free.

Mainwhile government have paid for these meters which supposed to be the responsibility of the power provider, yet the hoard it from customers.

If you don't know that distribution companies are exploiting
1. The government
2. The generation company
3. The customers
Then you are not qualify to defend them.

DanseMacabre:
E sure me die say if you check behind the scenes, these new discos no go dey too far from Tinumbu.

nairalanda1:
Oga, let's end this your marxist jokes and commentary

At the moment, discos cannot raise prices on most of their consumers. Only on band A , and even then it is not up to 300 naira

As a result, disco profits are at 1trillion naira annually. That seems like a lot, until you realize that we need 10 trillion naira (I am quoting the experts by the way) annually to fix power to everyne's satisfaction.

Right now, less than 20% of consumers are paying market price tarrif, most are paying subsidized tarrif, and even those that pay subsidised tarrif, many underpay or don't pay at all.

Can you run a business where you are making profit from less than 20% of your consumers and losing money on the rest.

Call me oppressor, but what you are indirectly campainging for is for government to take loans to subsidize power. That is what the USSR was doing to keep the lights on at cheap prices, until their economy was in severe debt by the late 1980's. They were also guaranteeing subsides for their satellite nations and allies. And they were borrowing from the same imperial capitalist west.

Call me oppressor, but , and forget about tinubu and apc, I have known this since GEJ privatized power, and I wish he had had a backbone....and allowed deregulation...it is going to cost a lot of money to fix our power sector. And most of it is going to come from our pockets.

Or how did we get the GSM/Internet network that enables me to type this from home, instead of going to internet cafe back in the day...it wasn't by MTN and co charging N2 for subscription in 2003!

WizardOfNG:
The government is still subsidising power. Tariff increase reduces the subsidy element. The higher Nigerians pay for power the more subsidy reduces and power supply increases.

It's a catch 22 situation nairalander1 has done a good job explaining. The real cost of power supply is very high.

Much higher than a less than optimal.number of Nigerians are paying and still complaining. I can't blame them as they had been paying literally less than nothing trapping our power sector in inefficiency since it cannot meet the cost to improve power considerably let alone provide the 24/7 supply many nations of the world takes for granted

Meaning optimal power supply will remain a challenge because Nigerians don't like to pay for power and would want it free pretty much how they'd want everything else free if possible.

This is part of our general problem as a nation. Previous Government invented and sustained subsidy everywhere, deployed us as weaponized poverty, to make Nigerians addicted to living like a nation that has just come of out a ten years war without them appreciating that fact.

Nairalander1 even highlighted this with his talk of the communism , what Nigeria, was practising in all but words, hinting we were like the Old Soviet Union where Governemnt subsidized a lot it could not afford to do leading to debt and near State collapse. This is why many describe communism, that Nigeria has embraced till Tinubu took over, as "evil".

The President who now wishes to reform Nigeria in the image of developed nations where people pay the requisite amount to enjoy stable power, high quality education, efficient public transport etal is going to have a tough job on his hands.

This is because Nigerians, addicted to subsidy they do not realize is bad for them and even keeping them in underdevelopment and bondage compared to their peers worldwide, will call that President "terrible" and "worst ever" as we are seeing now.

To me, the only way forward is regional autonomy because communism has happened to Nigeria on the downlow and has now ruined many Nigerians by warping their perception and how they think.

Let's all go and lead ourselves at regional level. People should check out chatgpt's opinion with point 4 and 5 especially explaining why Nigeria is failing and why the ambition, healthy competition, incentivisation that produces innovation and hardworking, that develops nations optimally, is likely only ever going to happen under regional autonomy.

FarahAideed:
Because it's the former capital city and commercial capital of Nigeria

FarahAideed:
Baba Lagos is our former Capital city , it belongs to me and you ..welcome

Basic123:
Like all states an Ala Igbo!

They were all developed by FG allocation hence belong to all of us

naptu2:
https://www.tvcnews.tv/laserc-licenses-new-discos-replaces-eko-ikeja-electric/

nairalanda1:
Oga, let's end this your marxist jokes and commentary

At the moment, discos cannot raise prices on most of their consumers. Only on band A , and even then it is not up to 300 naira

As a result, disco profits are at 1trillion naira annually. That seems like a lot, until you realize that we need 10 trillion naira (I am quoting the experts by the way) annually to fix power to everyne's satisfaction.

Right now, less than 20% of consumers are paying market price tarrif, most are paying subsidized tarrif, and even those that pay subsidised tarrif, many underpay or don't pay at all.

Can you run a business where you are making profit from less than 20% of your consumers and losing money on the rest.

Call me oppressor, but what you are indirectly campainging for is for government to take loans to subsidize power. That is what the USSR was doing to keep the lights on at cheap prices, until their economy was in severe debt by the late 1980's. They were also guaranteeing subsides for their satellite nations and allies. And they were borrowing from the same imperial capitalist west.

Call me oppressor, but , and forget about tinubu and apc, I have known this since GEJ privatized power, and I wish he had had a backbone....and allowed deregulation...it is going to cost a lot of money to fix our power sector. And most of it is going to come from our pockets.

Or how did we get the GSM/Internet network that enables me to type this from home, instead of going to internet cafe back in the day...it wasn't by MTN and co charging N2 for subscription in 2003!

nairalanda1:
This does not change anything.

The elephant in the room is the massive subsidy on power, and the underpaying of discos by a large percentage of nigerians. As well as the fact that at least 30% of nigerians do not pay for power, and less than 20% of nigerians actually pay above market price.

No matter how many times you change discos and gencos, the problem will still remain.

And anytime discos cut power, nigerians use violent means to intimidate them to restore power,or bribery, and the power theft and underpaying continues.

And we expect a sector that made less than 360 million pounds sterling equivalent last year to be like the UK power sector that made about 1 billion pounds annually in the last 4 years.?

Nigerians self. Even Aso rock is running away from the grid...as are many Nigerians, meaning customers are also reducing..

And we expect 24 hour light. Okay....call me when you wake up from the dream that you travelled to London after buying airplane ticket for N1000 only.

princepee:
nice one, way to go.
Anything that will replace those two is welcome.
We deserve better

WizardOfNG:
You're wasting your time with that guy he is an example of Nigerians who subsidy, communist-like weaponization of poverty in reality, has brainwashed, blinded and ruined.

An intellectual discussion he ought to read and learn from, he wades in ignorantly with the asinine contribution the named distribution companies must be linked to Tinubu.

They were in full flow on the thread below where I was one of a few to back Adelabu's Oyo State Governorship ambition because I similarly know and appreciate all you have stated to understand the man has innovatively done well to secure the improved power we are enjoying giving the intrinsic and virtually intractable challenges of the power supply sector many are ignorant leading to their assumption any Minister of power not giving them 24/7 power is a failure.

https://www.nairaland.com/8533184/2027-power-minister-adelabu-declares#137029139

Yet these are the same people you can never get to read and research to note what it will cost to effectively and optimally complete the chain of power supply i.e generation, transmission and distribution.

If they cared enough to read up on the challenges of the power sector they'd appreciate they are grossly ignorant thinking current tariff rates can ever give Nigeria optimal power supply let alone the amount they were paying before Adelabu that many were even refusing to remit in preference for 'joining wire' to tap free electricity.

This is why I personally feel Nigeria, with a people brainwashed by communist-like public subsidy of many sectors, would be better of under regional autonomy.

It is the only system to reset the minds and thinking of Nigerians and get them to understand that, in life, you get what you pay for. Work hard and innovatively to have more, and thus be able to pay more, and you will have good roads, good infrastructure, 24/7 electricity etal as developed nations enjoy.

Nigeria, because of its huge population and it's undiversified economy, is a poor nation. Much more money, than most realize, will be needed to turn around the most important sectors of Nigeria eg education, security, infrastructure, healthcare, power supply etc, etc.

That required money will not rain on us from the sky. It cannot just be printed, to then have desired effect, as Buhari and his crew believed.

The money to reform Nigeria has to come from Nigeria and Nigerians being more productive and greater wealth creators. Not going to happen under 'one Nigeria'.

DeepSight:
You are aware that the tariffs have been increased five fold in the last two years and you still say this. Only heaven can cure you.

naptu2:
https://www.tvcnews.tv/laserc-licenses-new-discos-replaces-eko-ikeja-electric/

Ttalk:
You don't have idea of what is happening in power sector. Government is not subsidizing power. What government is subsidizing is darkness.

Do you know how much institutions,companies, government agencies and parastatals budget annually for expected power outage?

If those monies were not budgeted don't you think it would have impacted on the cost of goods and services there by increasing the purchasing power of an average Nigerian to pay for increased power bills?

What many of you don't see is that our power sector is on the brink of collapse, not because of lack of fund but because of poor management that is shrouded in secrecy, the power sector is going the Nitel way, unless government quickly step in and reform the sector from generation down to the. DISCO.

Presently, the DISCOS are losing customers at alarming rate because of their poor performance, people will settle for alternative power that is reliable and constant.

This is why ASO Rock has shift to solar energy and companies like Dangote and other are generating their power, even academic institutions and religious institutions. This is how useless the power sector has become that the chunk of class where the bulk of revenue of the DISCO will come from are dumping their services for private supply.

Write this down, the whole chain of power supply will go down the drain in the next 10years unless the government quickly reform the sector

nairalanda1:
The Anambra state professor is not the one ruling the country right now. The buck does not stop at his table...it stops at tinubu's table. Better tell your hero to lead us well.

LegendHero:
What is you guys fixation on any news about Lagos?

Yhu must sha show your beeteerness and tears.

I heard they will be charging 25000 naira per KWH, with an annual license charge of 200k. All going to Boridillon so Tinubu can use the money to buy the 5 plot of land in Alaibo.

omoiyalayi:
So you did not know that electricity has been decentralised that states can now generate, distribute & transmit without hindrance from federal government??

LegendHero:
That’s why you always get sad anytime Lagos is in the news?

Because it’s the former capital that got moved since 1991? 34 freaking years ago.

Your descendants will probably continue this cry of former capital if you fail to build your states and leave Lagos the F alone to sort itself.

I’m sure by 2200, when Lagos keep progressing, someone in Alaibo will still be crying say na former capital.

Carazon:
The Anambra state professor is not aware of this development since he is busy checking the results of his opponents in the coming election

nairalanda1:
The Anambra state professor is not the one ruling the country right now. The buck does not stop at his table...it stops at tinubu's table. Better tell your hero to lead us well.

nairalanda1:
The problem is, there is the issue of meter bypass

How bad is meter bypass? 60% of Nigerian electricty consumers who are metered bypass their meters (from TCN figures).

With that issue, metering, while very very necessary, is not going to solve the problem. Nigerians have to realize that power is not cheap, and pay their bills, and maybe we would see investment, and eventually the 24 hours a day power.

I'm off to do some stuff.

Carazon:
Buhari and Tinubu had done their own part by the bill which empower states to distribute but your professor of Anambra Dubai Taiwan is yet to read it. It is not his fault anyway because checking certificates is not a child's job.

WizardOfNG:
The government is still subsidising power. Tariff increase reduces the subsidy element. The higher Nigerians pay for power the more subsidy reduces and power supply increases.

It's a catch 22 situation nairalander1 has done a good job explaining. The real cost of power supply is very high.

Much higher than a less than optimal.number of Nigerians are paying and still complaining. I can't blame them as they had been paying literally less than nothing trapping our power sector in inefficiency since it cannot meet the cost to improve power considerably let alone provide the 24/7 supply many nations of the world takes for granted

Meaning optimal power supply will remain a challenge because Nigerians don't like to pay for power and would want it free pretty much how they'd want everything else free if possible.

This is part of our general problem as a nation. Previous Government invented and sustained subsidy everywhere, deployed us as weaponized poverty, to make Nigerians addicted to living like a nation that has just come of out a ten years war without them appreciating that fact.

Nairalander1 even highlighted this with his talk of the communism , what Nigeria, was practising in all but words, hinting we were like the Old Soviet Union where Governemnt subsidized a lot it could not afford to do leading to debt and near State collapse. This is why many describe communism, that Nigeria has embraced till Tinubu took over, as "evil".

The President who now wishes to reform Nigeria in the image of developed nations where people pay the requisite amount to enjoy stable power, high quality education, efficient public transport etal is going to have a tough job on his hands.

This is because Nigerians, addicted to subsidy they do not realize is bad for them and even keeping them in underdevelopment and bondage compared to their peers worldwide, will call that President "terrible" and "worst ever" as we are seeing now.

To me, the only way forward is regional autonomy because communism has happened to Nigeria on the downlow and has now ruined many Nigerians by warping their perception and how they think.

Let's all go and lead ourselves at regional level. People should check out chatgpt's opinion with point 4 and 5 especially explaining why Nigeria is failing and why the ambition, healthy competition, incentivisation that produces innovation and hardworking, that develops nations optimally, is likely only ever going to happen under regional autonomy.

nairalanda1:
Okay, let's pretend we can have power for free, in other words.

You know I am right, but you think that I am calling for your oppression. I am not, I am stating the truth, and nothing but the truth.

Google...solving the liquidity crunch in the power sector. PwC report on the power sector from 2019.

WizardOfNG:
The government is still subsidising power. Tariff increase reduces the subsidy element. The higher Nigerians pay for power the more subsidy reduces and power supply increases.

It's a catch 22 situation nairalander1 has done a good job explaining. The real cost of power supply is very high.

Much higher than a less than optimal.number of Nigerians are paying and still complaining. I can't blame them as they had been paying literally less than nothing trapping our power sector in inefficiency since it cannot meet the cost to improve power considerably let alone provide the 24/7 supply many nations of the world takes for granted

Meaning optimal power supply will remain a challenge because Nigerians don't like to pay for power and would want it free pretty much how they'd want everything else free if possible.

This is part of our general problem as a nation. Previous Government invented and sustained subsidy everywhere, deployed us as weaponized poverty, to make Nigerians addicted to living like a nation that has just come of out a ten years war without them appreciating that fact.

Nairalander1 even highlighted this with his talk of the communism , what Nigeria, was practising in all but words, hinting we were like the Old Soviet Union where Governemnt subsidized a lot it could not afford to do leading to debt and near State collapse. This is why many describe communism, that Nigeria has embraced till Tinubu took over, as "evil".

The President who now wishes to reform Nigeria in the image of developed nations where people pay the requisite amount to enjoy stable power, high quality education, efficient public transport etal is going to have a tough job on his hands.

This is because Nigerians, addicted to subsidy they do not realize is bad for them and even keeping them in underdevelopment and bondage compared to their peers worldwide, will call that President "terrible" and "worst ever" as we are seeing now.

To me, the only way forward is regional autonomy because communism has happened to Nigeria on the downlow and has now ruined many Nigerians by warping their perception and how they think.

Let's all go and lead ourselves at regional level. People should check out chatgpt's opinion with point 4 and 5 especially explaining why Nigeria is failing and why the ambition, healthy competition, incentivisation that produces innovation and hardworking, that develops nations optimally, is likely only ever going to happen under regional autonomy.

Believeintruth:
But surely there has to be a way for them to detect remotely a meter that has been bypassed. See the Americans you are referring to a more corrupt than we are and they can also bypass meters, but they do both do that simply because they will be found out

APCNig:
What do you expect? You want him to give licenses to Peter Obi and Atiku Abubakar’s fraudulent companies?