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Lagos Licenses New Discos, Replaces Eko, Ikeja Electric - Politics (4) - Nairaland

Nairaland ForumNairaland GeneralPoliticsLagos Licenses New Discos, Replaces Eko, Ikeja Electric (15888 Views)

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Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by Carazon: 8:19am On Oct 06, 2025
ElevationD:
Lagos with the oga as leader has not successfully sorted out electricity after uncountable years as the federal and commercial capital. Johannesburg that is the mate of Lagos is far ahead. Why not remove that log in your own eyes first.
If Lagos refuse to meet up with Johannesburg, what stops you from overthinking Johannesburg or even Lagoshuh?

Is it not your brother that sings "overthinking is allow"
Please tell your Anambra Dubai Taiwan that 4years is almost over and the good people of Anambra are still waiting for Dubai Taiwan.
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by Believeintruth: 8:21am On Oct 06, 2025
Basic123:
An average OBI people can't diffentiate between Lagos state founded in 1966 and their former FCT established in 1914 and abrogated in 1976-1991!
Oga you are too grown up for this kind of talk
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by WizardOfNG: 8:23am On Oct 06, 2025
nairalanda1:
1. The problem is most Nigerians are poor. Also corruption which exists fuels a mistrust of government and of companies . Even when the implications of subsidy for all on a weak tax base is explained to Nigerians , meaning that at the end government would have to take hefty loans to sustain it, the poverty factor would make it harder to accept truth.

2. Your power minister has not done enough. He still keeps subsides and has not done enough on metering and on power theft. People still underpay and bypass their meters. And we are not having enough power. 5000-7000 mw out of an installed capacity of 13000 mw is not enough for 200 million people. Unless we had under 20 million like Ghana and ivory coast.

3. Splitting the country won't change facts. Most Nigerians support subsidies of any kind Under a system where we have Nigeria breaking up, the new countries are going to be made up of the same poor citizens who expect subsidies and who won't listen to any realistic economic explanations. See a thread yesterday about what Nigerians would do if they became president. Over one third talked about restoring subsidies on education and fuel . Lol, none of them talked about measure to improve productivity or even to use raw materials to make products for the global market.

If we want development we have to accept that things cost money. And that the road to development does not involve palliatives and free stuff. Harsh, but that is how china , Korea and Japan went from backwater nations to developed. But no politicans is going to campaign on that, talk less secessionist leader. Una wan lose support?
Agree with point 1. Point 2 is subjective. Sure Adelabu can do more but he has done best of all power Ministers , since 1999 in my opinion, considering the severe and organic challenges of the power sector that means more time and a lot more money is required to continue incremental gains in the sector.

With 3, we can agree to disagree because both of our divergent stances are personal opinion. To me only healthy and incentivised competition at regional level will accelerate the will of Nigerians to do the right things.

As things stand, we have created a Nigeria where sense of patriotism and pride in our nationhood is lost.

Those are needed for nations to thrive because they ensure citizens pull in the same progressive and productive direction.

We have the opposite of that in our nation with Nigerians pulling in different directions whereas in their regions, and leading themselves, all will shape up because they have existentialist challenges to conquer. No such stimulation exist with Nigeria currently and is unlikely to ever be seen.

You say, correct only for people like me and you, "we have to accept that things costs money" yet in your first sentence you conclude correctly "Nigerians are poor".

Marry the two statements and you will see they form a contradiction of reality because most Nigerians, very poor and ignorant of economic realities, as you and a relatively small number Nigerians know it, will never accept things cost money because they will automatically assume you are demanding more of the little they have. This is why we have the huge discontent over tariff increase.

They will continue to believe and insist everything will be fine bar corruption. They will argue it is corruption alone preventing 24/7 power supply and insist they should not have to pay more .

To me, it is only when you break Nigeria down into smaller and more efficient units that the realities of that system, I believe will be more efficient and 'honest' than the discredited 'one Nigeria' we currently utilise, can make Nigerians see, accept and work with our realities.

Realities such as the fact we are a very poor nation and that corruption is not our only issue etc, etc
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by Believeintruth: 8:24am On Oct 06, 2025
nairalanda1:
And because the law will deal with them. Nigeria? Where people use weapons to chase disco officials disconnecting them?
So the disco guys cannot come with security officials to arrest them?
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by nairalanda1(m): 8:25am On Oct 06, 2025
Believeintruth:
So the disco guys cannot come with security officials to arrest them?
They do and the same issue applies.

Two or three policemen cannot do anything against a mob. Use weapons, Nigerians will shout police is evil
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by WizardOfNG: 8:31am On Oct 06, 2025
Believeintruth:
Stop referencing chat GPT because that is generative AI it is using to give you results which means it goes through online sources of information in a non constructive way hence the information it provides may not be necessarily accurate. That is why ChatGPT puts a disclaimer that it's results are for reference purposes and not a fact. So you cannot use ChatGPT results as fact.
It is referenced as a guide so people understand I am not supplying my own opinion alone. If you have your own different opinion then submit such to make your point.

Don't reduce your contribution to discrediting others alone. Contribute to the topic by adding your own solution-based viewpoint or even simply highlighting the problem as you believe it to be.

What you are doing is classically references by the saying below. I e small-minded focus on people rather than ideas.

Discuss the idea of the thread if you can and as others are doing rather than trying to discredit source of info others cite to back their viewpoint.

Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by gasparpisciotta: 8:32am On Oct 06, 2025
IE and Ikeja Electricity Disco are one and the same.

Excel was brought into cover other parts of Lagos.

Capitalists will always win, masses will always bear the brunt.
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by bionixs: 8:32am On Oct 06, 2025
I pity this country. The majority of youth of this country are either dumb or working for stipend or crumbs, just to mask the truth and deceive the masses.

Just imagine some of the comments on this platform
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by WizardOfNG: 8:43am On Oct 06, 2025
Believeintruth:
.Nigeria has never ran a communism based system of government take am easy to dey lie. Nigeria has always been a mixed system of government. Also note that even the developed societies have some form of subsidy, so it is mischievous of you to even make that statement.
That communism is not explicitly referenced does discredit the reality it's principles features heavily in how successive previous Governments have run Nigeria via embracing State-sponsored subsidy of many important sectors.

It is only recently Nigeria has begun shifting towards greater deregulation everywhere and a shift towards a free market , private-sector empowered and competitive economy.

Has Dangote not proven that Nigeria would be much better off today if, for example, Obasanjo had aggressively empowered private refineries instead of his and other President's insistence on enduring with Government-owned refinery that then led to damaging payment of subsidy for decades?

The only difference is that nations of the world that practised communism did so openly in the belief it is best for them. Nigeria stumbled into it as a way for Government to scam people into subservient acceptance of their looting and inept leadership.
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by WizardOfNG: 8:49am On Oct 06, 2025
bionixs:
I pity this country. The majority of youth of this country are either dumb or working for stipend or crumbs, just to mask the truth and deceive the masses.

Just imagine some of the comments on this platform
Here we go again. Typical comment of those who condemn all, as if they know best, or they alone are right, yet they will never submit their own fact-backed opinion which is always the best way to engage other in discussions where national problems and possible solutions are being discussion.

Bro, you talk as you do because you know nothing and only prefer to sit in sanctimonious judgement of others to mask your lack of knowledge.

If not show you are not as "dumb" as you claim your fellow Nigerians are by presenting your own opinion on the problem,and possible solutions, for all to inspect.
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by walexbiz(m): 8:53am On Oct 06, 2025
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!
Naturally I don't respond to post like this, but when the oppressor begins to play the victim cards it only worsens the situation.

Most of this discos are fraudulent, and because the government of the day relish in fraud they parley to extort ordinary Nigerians of their hard earn money.

A private entity like they want us to believe it is, the customer buys prepaid meter, pays for repair and maintenance of their equipment and yet you paint Nigerians as criminals when the real criminals are the discos.

You said Nigeria government is subsidizing the disco, yet every month Nigerians are been threatened to pay or get disconnected, while most are having less than 10 hours of electricity supply daily and most of their bills have humongous existing debt on it.

If a proper audit of their account is carried out it will show discos are just having a field with Nigerians while painting themselves as victims.
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by nairalanda1(m): 8:54am On Oct 06, 2025
walexbiz:
Naturally I don't respond to post like this, but when the oppressor begins to play the victim cards it only worsens the situation.

Most of this discos are fraudulent, and because the government of the day relish in fraud they parley to extort ordinary Nigerians of their hard earn money.

A private entity like they want us to believe it is, the customer buys prepaid meter, pays for repair and maintenance of their equipment and yet you paint Nigerians as criminals when the real criminals are the discos.

You said Nigeria government is subsidizing the disco, yet every month Nigerians are been threatened to pay or get disconnected, while most are having less than 10 hours of electricity supply daily and most of their bills have humongous existing debt on it.

If a proper audit of their account is carried out it will show discos are just having a field with Nigerians while painting themselves as victims.
Okay , enjoy your free power. Enjoy sugar candy land.

Good luck
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by Burob: 8:55am On Oct 06, 2025
naptu2:
🤣 Check out the comments above! They don't realise that the new companies are the old companies (I've explained this many times on this forum).
You mind those bad belle babies DanseMacabre(m) wakes up 4:15am
and FarahAideed: 4:23am to spew hate?
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by FlamingBulb: 9:00am On Oct 06, 2025
I no kukuma understand wetin dey write above
My own be say mk 10k I buy no get issue B4 I travel back home next week
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by commoditiesnig(m): 9:09am On Oct 06, 2025
Welcome development. Let states be in charge of power generation, transmission & distribution

Kdon2:
This would have happened 20 years ago, na that wicked man that called himself ebora truncated it. Backward thinking man without vision.
I tell you bro. Obj no try at all.. and some kids just ignorantly "extol" his govt.
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by PDPdestroyer(m): 9:09am On Oct 06, 2025
FarahAideed:
Baba Lagos is our former Capital city , it belongs to me and you ..welcome
What about Calabar and Lokoja? Why are you not claiming those former capitals? grin
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by Ttalk: 9:15am On Oct 06, 2025
WizardOfNG:
You missed my point completely. Of course I don't discount inefficiency and incompetence in the system merely because I did not speak on them specifically.

My point is that regardless of what is going on in the power sector, per numerous and connected considerations, the scarily substantial shortfall of money our Nigerian power sector needs is a very serious challenge.

The power sector is now fully deregulated yet States are dragging their feet. What they will not reveal is that many States may have approached qualified private companies for power solutions.

Yet cost of project completion, that will be collected in instalments by the Private sector partner to State Governments, and additional ROI (return on investment) added to that, makes State realize they cannot approve such and move forward as their people will not be able to pay the huge subsidy hike that will be needed, long term, to pay for the delivered solution.

It is a case of Nigeria falling so far behind, with severe underinvestment in her power sector for decades, such that the cost of modernisating and optimising our power supply sector today will be humongous and unfeasible to the extent Government , State or Federal, cannot even derive a fraction of what is need from the Nigerian public. That is the real conundrum.
No, you lack the moral competence to advocate for or rather defend the paucity of resources at the disposal of the power operators when there's no working data they intentionally witheld from the government and the consumers.

The greatest injustice I've ever seen in my life perpetuated by the DISCOs. These are private companies that rely on consumer to provide basic tools the need.

The public provide, transformers, meters, cables, poles and still pay for transport and labour before they can get light that is not stable.

The elites are not left out as politician are forced to buy transformers and pay contractors to give their community light.

Go through Nigeria budget and you will see the amount of interventions in forms of transformers cables and the rest that are provided for private business.

I won't forgive this government if it fails it fails to reform majorly the DISCO by revoking the licences of many of them.

Again defending the state government cum investor for their inability to invest in power sector because they find it unattractive is another point I won't accept.

Why does it take Dangote for us to have a functional refinery when at least 10 states can build theirs without breaking the bank.
The present lackluster we see in power sector after the bill has been signed is same inefficiency that exist in government to cater for the social needs of its people. This social needs may not necessarily be in terms of intervention, but in terms of reforms, creating conducive atmosphere and weilding the big stick to tame the excesses of companies and corporations
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by WizardOfNG:
walexbiz:
Naturally I don't respond to post like this, but when the oppressor begins to play the victim cards it only worsens the situation.

Most of this discos are fraudulent, and because the government of the day relish in fraud they parley to extort ordinary Nigerians of their hard earn money.

A private entity like they want us to believe it is, the customer buys prepaid meter, pays for repair and maintenance of their equipment and yet you paint Nigerians as criminals when the real criminals are the discos.

You said Nigeria government is subsidizing the disco, yet every month Nigerians are been threatened to pay or get disconnected, while most are having less than 10 hours of electricity supply daily and most of their bills have humongous existing debt on it.

If a proper audit of their account is carried out it will show discos are just having a field with Nigerians while painting themselves as victims.
Yes DISCOs, under GEJ (who sold them into incompetent hands to begin with) and Buhari were not performing optionally.

Even accounting for the fundamental lack of capacity of some, part of the problem was that DISCOs would not or could not (under GEJ and Buhari) reveal the truth which is that tariffs were too low and a disincentive to their ability to operate more productively.

Same way previous Government failed to tackle subsidy removal preferring to endure with it rather do what is best and needed and then face the wreath of Nigeria.

You may simplistically view this as the bolded in your post reveal but the problem is much bigger than you present it.

Do you know that the Nigerian government owe distribution companies trillions, meaning several were operating as if a charity, or do you believe the whole thing is a contrived scam between the Nigerian Government and DISCos to "extort ordinary Nigerians"?

https://www.premiumtimesng.com/news/top-news/777339-nigerias-govt-owes-generation-distribution-companies-n4-trillion-debt.html

So amusing you give credit for "extortion of ordinary Nigerians" consideration many don't pay anything for power they use and 'tap' free especially in regions like the North.

Equally amusing is how Nigerians present the oxymoronic statement that all the government do is "loot the tax payment of hardworking ordinary Nigerians" whereas the fact is that most Nigerians, especially in the huge informal sector, do not pay a kobo of tax.

Is it the many millions of market traders, spare part dealers, roadside Vulcanisers, mechanics, provisions shop owners etal who are the paying tax Government is "looting" ?

I am no apologist of Government but, unilke you and many, I know , as an objectively practical and realistic thinker, that the system is broken on both side. Not one only.

Simple question I want you to answer with facts. Assuming DISCOs are not "fraudulent" and the government of the day does not "relish in fraud they parley to extort ordinary Nigerians" do you believe Nigerians would enjoy 24/7 uninterrupted power supply based on current tariff rates Nigerians pay for power?

Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by DanseMacabre(m): 9:35am On Oct 06, 2025
naptu2:
🤣 Check out the comments above! They don't realise that the new companies are the old companies (I've explained this many times on this forum).
Why isn't that explained on this post my good man?
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by naptu2(op): 9:44am On Oct 06, 2025
Can you believe that there are people that are waiting for me to spoonfeed them and if I don't spoonfeed them, they'll just go ahead and make something up (something that they do not know and have no evidence of)?

Isn't that wonderful?
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by georgeakins: 9:45am On Oct 06, 2025
FarahAideed:
These companies if traced will all be linked back to one greedy person ..Lagosian electricity users should prepare for massive exploitation and extortion , you will soon started hearing things like 500 Naira per KWH and annual metre License charge of 30k ..just watch
Is that why your region has refused to develop?
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by georgeakins: 9:49am On Oct 06, 2025
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.
You'd better go and make your region habitable.
No meaningful development going on there since 1960.
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by nairalanda1(m): 9:53am On Oct 06, 2025
georgeakins:
You'd better go and make your region habitable.
No meaningful development going on there since 1960.
Like I said, it still does not change the fact that the anambra state governor is not in charge of the country. Tinubu is, and the buck stops at his table
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by WizardOfNG: 10:29am On Oct 06, 2025
naptu2:
Can you believe that there are people that are waiting for me to spoonfeed them and if I don't spoonfeed them, they'll just go ahead and make something up (something that they do not know and have no evidence of)?

Isn't that wonderful?
Thats how Nigerians roll. Many do not like to read and are definitive of the saying "if you want to hide something from a black man keep it in a book".

Write more than 6 line and it is an"epistle" giving them a headache because they'd rather scroll tik tok, you dont engage your brain doing, than enjoy the joy of reading for fun, research, finding specific solutions or to become more knowledgeable.
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by Stenciakels: 10:41am On Oct 06, 2025
is just mere name replacement. Eko is Excel while Ikeja is IE.

Folake Soetan
CEO, Ikeja Electric

Sheri Adegbenro
Chief Audit Executive at Eko Electricity Distribution Company
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by WizardOfNG: 10:49am On Oct 06, 2025
FarahAideed:
Because it's the former capital city and commercial capital of Nigeria
Oga Sir, find better and more intelligent excuses that will hide your palpable bigotry. In case you don't know it, the power sector is now fully regulated meaning how and with which individuals any State crafts it's power solution is not your business.

What has now happened is that every State is free to devise it's own power solution working with any model, companies and individuals.

The beauty of this is that, at State level, we all swim or sink through our own competence, focus and ambition or lack thereof respectively.

It is time for every State to get to work and not be looking over the fence at what other States are doing/not doing.
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by GloriousGbola: 11:01am On Oct 06, 2025
naptu2:
Sometimes people want to argue with me. They don't realise that I am not interested in any arguments. I create threads to document events. Time answers all arguments and when it does, I like to be able to refer back to these threads.
Time answers all arguments

This here.
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by WizardOfNG: 11:03am On Oct 06, 2025
Stenciakels:
is just mere name replacement. Eko is Excel while Ikeja is IE.

Folake Soetan
CEO, Ikeja Electric

Sheri Adegbenro
Chief Audit Executive at Eko Electricity Distribution Company
Correct and Lagos has explained this was coming even weeks ago. See below. I am still surprised some cannot harness the power of AI to become quickly informed and even financially successful. From simply gaining guiding info quickly to creating powerful feasibility report and detailed new business profit forecasting, perhaps to secure start-up loan, AI can do it virtually instantly.

As with below, AI saves time literally 'stitching' together and summarising all that has been reported about an issue together quickly and efficiently while references sources.

Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by naptu2(op): 11:13am On Oct 06, 2025
WizardOfNG:
Correct and Lagos has explained this was coming even weeks ago. See below. I am still surprised some cannot harness the power of AI to become quickly informed and even financially successful. From simply gaining guiding info quickly to creating powerful feasibility report and detailed new business profit forecasting, perhaps to secure start-up loan, AI can do it virtually instantly.

As with below, AI saves time literally 'stitching' together and summarising all that has been reported about an issue together quickly and efficiently while references sources.
This is also why I always post links to previous threads (as I did on the first page of this thread) because they tell the whole story. I can't repeat every single detail every time, but a click on those links would provide the entire story.
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by FarahAideed: 11:31am On Oct 06, 2025
georgeakins:
Is that why your region has refused to develop?
Neither has yours so rest ...no where in Nigeria can be said to be developed,
Re: Lagos Licenses New Discos, Replaces Eko, Ikeja Electric by FarahAideed: 11:33am On Oct 06, 2025
PDPdestroyer:
What about Calabar and Lokoja? Why are you not claiming those former capitals? grin
Those ones are Pre independence , they were colonial capital not Nigerian Capital
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