₦airaland Forum

nairalanda1:
That's what I tell people.

Nigerians, rich and poor, and even the government, are not paying their electricity bills, and the result is a sector hamstrung by liquidity challenges. The subsidy and price controls make matters worse.

That means that discos cannot raise enough money to pay gencos. DIscos have to even reject power from the gencos because they know that people not paying means that no money to pay the gencos.

But most people na to deny, deny, deny. Some even misunderstand what privatization means. Yes, it means people invest, but it also means that customers have to pay the kind of cost reflective tarrifs that would make the investment make sense. Not this one where only 20% of people pay cost reflective tarrifs (and there is no way that revenue from the 20% who do pay can subsidsze the rest...).

A business must make a profit to survive. If you call someone tinubu supporter for saying that, that means you are saying that tinubu government get common sense, which as we know na oxymoron. And anyway, tinubu is keeping the price controls on the sector that are contributing to the problem.

show us your NEPA BILL oga stop doing like a saint. Ask those people why they don't want to share free PP meters. Some telco company like mtn are already instilling 5g network did dey ask for kobo. Why is it that everything different with electricity. In 10yrs time those guys will be the one to beg us to buy electricity.... ASO rock is fully run on solar now and in 10yrs time 70% of citizen will run on solar..whers is water corporation now. Those discos days are numbered

nairalanda1:
That's what I tell people.

Nigerians, rich and poor, and even the government, are not paying their electricity bills, and the result is a sector hamstrung by liquidity challenges. The subsidy and price controls make matters worse.

That means that discos cannot raise enough money to pay gencos. DIscos have to even reject power from the gencos because they know that people not paying means that no money to pay the gencos.

But most people na to deny, deny, deny. Some even misunderstand what privatization means. Yes, it means people invest, but it also means that customers have to pay the kind of cost reflective tarrifs that would make the investment make sense. Not this one where only 20% of people pay cost reflective tarrifs (and there is no way that revenue from the 20% who do pay can subsidsze the rest...).

A business must make a profit to survive. If you call someone tinubu supporter for saying that, that means you are saying that tinubu government get common sense, which as we know na oxymoron. And anyway, tinubu is keeping the price controls on the sector that are contributing to the problem.

I'm on Band B, I just got 2 hours of light this morning since Monday midnight, the light had issues, we can't go 2 weeks without the light having issues, I recharged 5 thousand since Dec, and still have like 17 units this morning when the light was restored this morning when I went to check. When the light doesn't have issues, I get maximum 4hours, meanwhile the next street in front of mine are on Band A and they rarely take their light, so the issue is the privatisation, Gov should take over all the Discos and resell to fresh people who have funds to invest in infrastructure and also sell of TCN completely and make sure every house hold is using prepaid, then finally a strong law put in place to deter energy theft, I.E those who bypass meters and watch how everything falls into place.

Those estimated bills they kept inflating

ajalawole:
show us your NEPA BILL

On a public site? LOL.

oga stop doing like a saint.

Well, as a chrestian, the bible does say all chrestians are saints, so...

As those people why they don't want to share free PP meters.

SO, how would the meter manufacturers be paid? Y'know we make most of them in nigeria, and most of their workers are working under tinubu economy...so you want people to go hungry so that you can have free meters?

I see.

Some telco company like mtn are already instilling 5g network did dey ask for kobo. Why is it that everything different with electricity. In 10yrs time those guys will be the one to beg us to buy electricity.... ASO rock is fully run on solar now and in 10yrs time 70% of citizen will run on solar.

Well, with a telco compnay, they

1.Are allowed to charge a cost reflective tarrif.

2.One cannot use a phone to make calls, (and after some time recieve calls), or browse on the internet without paying. The equivalent of bypassing meters for the telcos has long since been closed with the cheats being made technically impossible.

Power companies

1.Until recently could not charge a cost reflective tarrif for most of their consumers

2.Even now can only do so for 20% of their consumers

3.The subsidy that is supposed to cover their losses is not being paid at all, and even the payment option offered by government is basically government telling them that their money will come in the future..haha.

4.And people use power without paying. Attempts to stop people from doing so are met with violence.


So, telcos can make enough proifits and attract a lot of private money. Power companies cannot, and infact have lost investment and are even forced to sack workers because the money quite simply is not enough.

ttmax09:
I'm on Band B, I just got 2 hours of light this morning since Monday midnight, the light had issues, we can't go 2 weeks without the light having issues, I recharged 5 thousand since Dec, and still have like 17 units this morning when the light was restored this morning when I went to check. When the light doesn't have issues, I get maximum 4hours, meanwhile the next street in front of mine are on Band A and they rarely take their light, so the issue is the privatisation, Gov should take over all the Discos and resell to fresh people who have funds to invest in infrastructure and also sell of TCN completely and make sure every house hold is using prepaid, then finally a strong law put in place to deter energy theft, I.E those who bypass meters and watch how everything falls into place.

All the above is because government brought in price controls on privatisation, which meant that as at 2019, power companies were losing N30 whenever they sold power (Moghalu stated that the cost refelctive tarrif then was N58, PwC put it at N80, actual price being charged was N20-30 per unit).

Result is power companies, despite being private, cannot set their prices, unless government allows them, and as such cannot raise enough money to make improvements, and attract more investment. Infact, as regards distribution, three investors have been forced out or pulled out.

Government is even the reason why the thing is bad. When they were in charge they essentially sold electricity at low prices, and also did nothing about power theft. Hence low money, meaning nothing significant for upgrades, plus governors connecting people to the grid over the decades who were not paying...the wreck that was handed over to discos and gencos.

nairalanda1:
Cold reason for possible inflation of the bills? Most people are not paying or are not paying enough. So, bills are inflated for consumers who do pay.

(Also, the 'inflated bills' commentary is code for 'electric power should be free of charge'. Let's not lie).

Metering does not solve the billing problem. As at last year, 68% of metered consumers bypass their meters.

You fix that problem by installing suitable meters.

Instead the power companies will frustrate customers who ask for new meters, why is that?

nairalanda1:
All the above is because government brought in price controls on privatisation, which meant that as at 2019, power companies were losing N30 whenever they sold power (Moghalu stated that the cost refelctive tarrif then was N58, PwC put it at N80, actual price being charged was N20-30 per unit).

Result is power companies, despite being private, cannot set their prices, unless government allows them, and as such cannot raise enough money to make improvements, and attract more investment. Infact, as regards distribution, three investors have been forced out or pulled out.

Government is even the reason why the thing is bad. When they were in charge they essentially sold electricity at low prices, and also did nothing about power theft. Hence low money, meaning nothing significant for upgrades, plus governors connecting people to the grid over the decades who were not paying...the wreck that was handed over to discos and gencos.

Privatizing public utilities has been exposed as a failed policy the world over.

You can never have proper competition when it comes to utilities, there will always be geographic constraints. You are essentially granting monopolies to entities that have zero insentive to do right by their customers.

It's as stupid as privatizing your military.

For crying out loud meter everyone and go bullish on those that bypass and vandalism.

These things are not hard. Let the DISCOs pay up what they owe too instead of using the money to be partying and lodging ladies at Radisson Blu for months.

What's all these nonsense for?

mmsen:
You fix that problem by installing suitable meters.

Instead the power companies will frustrate customers who ask for new meters, why is that?

1.Because they are not making enough income to buy meters for everyone .

2.And anyway, 68% of metered consumers do bypass their meters, according to the appropriate regulator...so even if everyone was metered, it won't do much

3.Let's not forget that even if everyone was metered, and no one bypassed, and all paid, only Band A users, who account for 20% of consumers, pay a cost reflective tarrif. Everyone else doesn't. And subsidy money which should cover for the resulting losses are so inadequate, and do not even cover the resulting loss, and the government isn;t helping either.

ttmax09:
I'm on Band B, I just got 2 hours of light this morning since Monday midnight, the light had issues, we can't go 2 weeks without the light having issues, I recharged 5 thousand since Dec, and still have like 17 units this morning when the light was restored this morning when I went to check. When the light doesn't have issues, I get maximum 4hours, meanwhile the next street in front of mine are on Band A and they rarely take their light, so the issue is the privatisation, Gov should take over all the Discos and resell to fresh people who have funds to invest in infrastructure and also sell of TCN completely and make sure every house hold is using prepaid, then finally a strong law put in place to deter energy theft, I.E those who bypass meters and watch how everything falls into place.

Privatizing public utilities usually ends in failure in the long term.

The solution is to learn from this bad experiment, not to repeat it.

mmsen:
Privatizing public utilities has been exposed as a failed policy the world over.

It also works. The trick is...privatization has to be accompanied by allowing the companies to charge a cost reflective tarrifs.

You can never have proper competition when it comes to utilities, there will always be geographic constraints. You are essentially granting monopolies to entities that have zero insentive to do right by their customers.

It's as stupid as privatizing your military.

SO, how did that work for the telcos?

Look, you are running away from the real problem...cost reflective tarrifs. That;s why NEPA did not work under government and is not working as a private concern. Cost reflective tarrifs.

nairalanda1:
It also works. The trick is...privatization has to be accompanied by allowing the companies to charge a cost reflective tarrifs.



SO, how did that work for the telcos?

Look, you are running away from the real problem...cost reflective tarrifs. That;s why NEPA did not work under government and is not working as a private concern. Cost reflective tarrifs.

Telcos are not constrained by geography. That's a bad comparison.

I can be in Abuja or Uyo and use any one of four different telcos.

I cannot choose my power company, it's a monopoly.

Other countries are also finding out how disastrous it is to farm out public infrastructure to private entities. The UK is having to renationalize its rail system and there's serious discussion regarding public water because of all the harm being caused by privatization.

France and Germany have also been forced to acknowledge their own failures regarding privatization.

mmsen:
Telcos are not constrained by geography. That's a bad comparison.

I can be in Abuja or Uyo and use any one of four different telcos.

I cannot choose my power company, it's a monopoly.

Other countries are also finding out how disastrous it is to farm out public infrastructure to private entities. The UK is having to renationalize its rail system and there's serious discussion regarding public water because of all the harm being caused by privatization.

Well, however a company or utility is run, you cannot charge below cost, and claim you are helping people...because unfortunately, it costs money to provide electricity, and as such power has to be sold at a profit so that the utility company can expand and build and upgrade infrastrucuture.

KInd of sad, but it is what it is. Lord knows i wish it was otherwise.

nairalanda1:
Well, however a company or utility is run, you cannot charge below cost, and claim you are helping people...because unfortunately, it costs money to provide electricity, and as such power has to be sold at a profit so that the utility company can expand and build and upgrade infrastrucuture.

KInd of sad, but it is what it is. Lord knows i wish it was otherwise.

A lot of countries in Asia and tte ME treat public utilities as a public necessity and don't look to make money from such services.

They may even subsidize such utilities but to treat them as something that must make a profit is dangerous.

nairalanda1:
1.Because they are not making enough income to buy meters for everyone .

2.And anyway, 68% of metered consumers do bypass their meters, according to the appropriate regulator...so even if everyone was metered, it won't do much

3.Let's not forget that even if everyone was metered, and no one bypassed, and all paid, only Band A users, who account for 20% of consumers, pay a cost reflective tarrif. Everyone else doesn't. And subsidy money which should cover for the resulting losses are so inadequate, and do not even cover the resulting loss, and the government isn;t helping either.

Even the people willing to pay for meters end up frustrated.

mmsen:
A lot of countries in Asia and tte ME treat public utilities as a public necessity and don't look to make money from such services.

They may even subsidize such utilities but to treat them as something that must make a profit is dangerous.

LOL...this is not true

1.Either they are paying for it by heavy taxation.

2.Or they are paying cost reflective tarrifs

3.Industrial countries like china and japan probably make the power equipment at home, that takes off some of the cost

4.Crucially, no one steals power there.


Nigeria on the other hand relies on oil revenue from less than 2 million bpd for government revenue...for over 200 million people. That isn;t even enough for all our needs, even without corruption.

Oga, better face reality. COst reflective tarrifs, or forget about good enough power supply.

I am ending it here.

mmsen:
Even the people willing to pay for meters end up frustrated.

At the end, cost reflective tarrifs.

Good afternoon.

These people make more money than Bet9ja while providing abysmal service.

As it is like this na 500 naira i dey load per month as we get light 3 hours a day

The use.less people came to disconnect me today after not giving me light. I suspected something fishy when they suddenly brought light this morning

One for the road, as I have to go now

The Nigerian power sector is bracing for another challenging year in 2026, with more debts, commercial losses, system collapse, and policy halt expected to continue as political campaigns begin ahead of the 2027 general election.

Energy expert and Chief Executive Officer of New Hampshire Capital Limited, an energy investment and finance firm, Mr. Odion Omonfoman, gave the warning during an exclusive chat with THISDAY, on the projections for the electricity sector for 2026.

Omonfoman noted that Nigerians will need power supply but will not accept any increase in tariff, and that the government in power will not want to attempt any upward adjustment to the electricity tariff at this time to avoid losing reelection.

Nigeria’s power sector has been facing significant challenges since the privatisation of the generation and distribution chains of the sector in 2023.

Apart from the technical issues such as weak/inadequate infrastructure, persistent grid collapses, and outages, inadequate metering, and stranded power, the sector has been hampered by huge indebtedness to the operators and the non-compliance of a cost-reflective tariff model.

Minister of Power, Adebayo Adelabu had in November last year diclosed that the indebtedness in the sector would hit N6 trillion by end of December, up from the existing N4 trillion as of 2024.

“As at December 2024, we had N4 trillion in indebtedness hanging. By December this year, it will be N6 trillion, because it’s an average of N200 billion per month. For 12 months, it’s N2.4 trillion every year. So that is the destination,” the minister stated at an event in Lagos.

Out of Nigeria’s total installed generation capacity of around 13,000MW, just about 4,000 MW struggle to get to the endusers.

This abysmal performance has been attributed to a number of factors including the huge debt to generation companies (Gencos) and distribution companies (Discos), non-cost-reflective tariff, inadequate investment in infrastructure, wide metering gap, and the lack of the right political will and policy actions to rescue the sector. Omonfoman observed that the sector’s problems were rooted in poor implementation of reforms, lack of capital investment, weak regulation, and undue political interference.

He said: “The liquidity crisis will continue unless the government finally does what it needs to do, which is to allow tariffs to be market reflective. But at the end of the day, we will see more debts build up because the political campaigns will start, so people will want energy.

“I don’t see the government allowing tariffs to become market reflective. So we are going to see a lot of liability in this sector as well. All the same, it is expected that we will move forward slightly. I don’t see a very huge leap in the sector, but at least, there will be progress.”

When reminded of the N500 billion bond the government recently issued to clear the legacy debts, Omonfoman faulted the government for fixated on settling old debts while allowing the cause (non cost-reflective tariff) to continue hurting the market.

He argued that the best approach was to first tackle what is causing the debt and then come back to settle the debt later.

Omonfoman explained: “Yes, I read about the bond issuance to settle legacy debts. What I can say is that it makes no sense to be extinguishing old legacy debt and then you are creating new debt. So I don’t see the rationale in that. Maybe you want to first stop the bleeding and then attend to the wound later. So I don’t really see the sense in addressing legacy issues meanwhile the current debt is piling up.

“So maybe the critical thing is that let’s quickly address what the challenges are in terms of what is creating this debt. There are operational issues, there are market issues, some of which can be addressed to reduce the debt. I think it should be done. However, I also believe that legacy debt needs to be settled. So as much as possible, the government should give it a shot to settle it. But I see that in the area of these tariffs.”

To address political interference in tariff matters, he advised the government to cut its influence on the sector regulatory – the Nigerian Electricity Regulatory Commission (NERC) to enable it discharge its duty of tariff adjustment whenever necessary.

He suggested that states now taking charge of their power markets could be a step forward, but execution remains a challenge.

The energy expert highlighted the impact of subnational electricity markets, metering initiatives, and renewable energy investments. According to Omonfoman, more states are expected to take charge of their electricity markets, with some already seeing the impact of subnational electricity markets.

He said the presidential metering initiative was also expected to gain momentum, with increased injection of meters into the market, but insisted that the liquidity crisis was likely to persist unless the government addressed tariff issues.

On the renewable energy front, Omonfoman projected significant activity in 2026, with projects from the World Bank, Rural Electrification Agency (REA), among others expected to come on line this year.

According to him, a lot of states are looking at renewable energy, and more mini-grid activities are going to pick up.

He mentioned that New Hampshire Capital Limited, an energy finance and investment company, is investing in distribution and renewable energy spaces.

Omonfoman expressed confidence that their investments will yield returns, thanks to new commercial models and state electricity market regulations.

“We’re making a lot more investment in the distribution space, and we’re also in the renewable energy space. We’re working with states to implement their state electricity markets, and we’re quite sure that once these models are approved, we’ll be able to recover our investments,” he stressed.The Nigerian power sector is bracing for another challenging year in 2026, with more debts, commercial losses, system collapse, and policy halt expected to continue as political campaigns begin ahead of the 2027 general election.

Energy expert and Chief Executive Officer of New Hampshire Capital Limited, an energy investment and finance firm, Mr. Odion Omonfoman, gave the warning during an exclusive chat with THISDAY, on the projections for the electricity sector for 2026.

Omonfoman noted that Nigerians will need power supply but will not accept any increase in tariff, and that the government in power will not want to attempt any upward adjustment to the electricity tariff at this time to avoid losing reelection.

Nigeria’s power sector has been facing significant challenges since the privatisation of the generation and distribution chains of the sector in 2023.

Apart from the technical issues such as weak/inadequate infrastructure, persistent grid collapses, and outages, inadequate metering, and stranded power, the sector has been hampered by huge indebtedness to the operators and the non-compliance of a cost-reflective tariff model.

Minister of Power, Adebayo Adelabu had in November last year diclosed that the indebtedness in the sector would hit N6 trillion by end of December, up from the existing N4 trillion as of 2024.

“As at December 2024, we had N4 trillion in indebtedness hanging. By December this year, it will be N6 trillion, because it’s an average of N200 billion per month. For 12 months, it’s N2.4 trillion every year. So that is the destination,” the minister stated at an event in Lagos.

Out of Nigeria’s total installed generation capacity of around 13,000MW, just about 4,000 MW struggle to get to the endusers.

This abysmal performance has been attributed to a number of factors including the huge debt to generation companies (Gencos) and distribution companies (Discos), non-cost-reflective tariff, inadequate investment in infrastructure, wide metering gap, and the lack of the right political will and policy actions to rescue the sector. Omonfoman observed that the sector’s problems were rooted in poor implementation of reforms, lack of capital investment, weak regulation, and undue political interference.

He said: “The liquidity crisis will continue unless the government finally does what it needs to do, which is to allow tariffs to be market reflective. But at the end of the day, we will see more debts build up because the political campaigns will start, so people will want energy.

“I don’t see the government allowing tariffs to become market reflective. So we are going to see a lot of liability in this sector as well. All the same, it is expected that we will move forward slightly. I don’t see a very huge leap in the sector, but at least, there will be progress.”

When reminded of the N500 billion bond the government recently issued to clear the legacy debts, Omonfoman faulted the government for fixated on settling old debts while allowing the cause (non cost-reflective tariff) to continue hurting the market.

He argued that the best approach was to first tackle what is causing the debt and then come back to settle the debt later.

Omonfoman explained: “Yes, I read about the bond issuance to settle legacy debts. What I can say is that it makes no sense to be extinguishing old legacy debt and then you are creating new debt. So I don’t see the rationale in that. Maybe you want to first stop the bleeding and then attend to the wound later. So I don’t really see the sense in addressing legacy issues meanwhile the current debt is piling up.

“So maybe the critical thing is that let’s quickly address what the challenges are in terms of what is creating this debt. There are operational issues, there are market issues, some of which can be addressed to reduce the debt. I think it should be done. However, I also believe that legacy debt needs to be settled. So as much as possible, the government should give it a shot to settle it. But I see that in the area of these tariffs.”

To address political interference in tariff matters, he advised the government to cut its influence on the sector regulatory – the Nigerian Electricity Regulatory Commission (NERC) to enable it discharge its duty of tariff adjustment whenever necessary.

He suggested that states now taking charge of their power markets could be a step forward, but execution remains a challenge.

The energy expert highlighted the impact of subnational electricity markets, metering initiatives, and renewable energy investments. According to Omonfoman, more states are expected to take charge of their electricity markets, with some already seeing the impact of subnational electricity markets.

He said the presidential metering initiative was also expected to gain momentum, with increased injection of meters into the market, but insisted that the liquidity crisis was likely to persist unless the government addressed tariff issues.

On the renewable energy front, Omonfoman projected significant activity in 2026, with projects from the World Bank, Rural Electrification Agency (REA), among others expected to come on line this year.

According to him, a lot of states are looking at renewable energy, and more mini-grid activities are going to pick up.

He mentioned that New Hampshire Capital Limited, an energy finance and investment company, is investing in distribution and renewable energy spaces.

Omonfoman expressed confidence that their investments will yield returns, thanks to new commercial models and state electricity market regulations.

“We’re making a lot more investment in the distribution space, and we’re also in the renewable energy space. We’re working with states to implement their state electricity markets, and we’re quite sure that once these models are approved, we’ll be able to recover our investments,” he stressed.

SAUCE

nairalanda1:
Cold reason for possible inflation of the bills? Most people are not paying or are not paying enough. So, bills are inflated for consumers who do pay.

(Also, the 'inflated bills' commentary is code for 'electric power should be free of charge'. Let's not lie).

Metering does not solve the billing problem. As at last year, 68% of metered consumers bypass their meters.

Yes it is true there are some unscrupulous metered consumers bypassing meter, but where did you get your statics of 68 percent, because many meters are hung on electric pole and also many are not so hidden that can make bypass possible.

Get everyone metered and stop complaining please, it should have been done aggressively since the privatisation, but they prefer the settlement and estimated billing Fraud.

How can debts of such magnitude not accumulate with outrageous monthly bills served to customers who barely survive

[color=#006600][/color][left][/left]

Guestmale:
Yes it is true there are some unscrupulous metered consumers bypassing meter, but where did you get your statics of 68 percent, because many meters are hung on electric pole and also many are not so hidden that can make bypass possible.

From this guardian article (Link here)

And here is the opening lines of the article...

Over 68 per cent of electricity consumers in Nigeria are illegally bypassing their prepaid meters and consuming power without payment, the Nigerian Independent System Operator (NISO) has revealed.

This disclosure came yesterday in Abuja during the fifth annual conference of the Power Correspondents Association of Nigeria (PCAN), where stakeholders in the power sector called for a balanced electricity tariff that would protect consumers while ensuring commercial viability for operators.

The revelation adds a new layer to Nigeria’s worsening power sector liquidity crisis, as utilities already struggling with poor revenue collection now face widespread energy theft.

nairalanda1:
Cold reason for possible inflation of the bills? Most people are not paying or are not paying enough. So, bills are inflated for consumers who do pay.

(Also, the 'inflated bills' commentary is code for 'electric power should be free of charge'. Let's not lie).

Metering does not solve the billing problem.

As at last year, 68% of metered consumers bypass their meters.

There's no concrete evidence that suggests 68% of consumers bypass their meters.

Yes I know some consumers by pass their meters but no reasonable humans would believe that 6.8/7 out of 10 or 68 out of 100 consumers by pass their electric meters.

sirblend:
There's no concrete evidence that suggests 68% of consumers bypass their meters.

Yes I know some consumers by pass their meters but no reasonable humans would believe that 6.8/7 out of 10 or 68 out of 100 consumers by pass their electric meters.

Ah the usual...'they are lying' response.

Okay, I've posted it here before, but here we go again

68% of metered consumers bypass their meters.

boxypane:
You are preaching privatisation on an unstable economy bedeviled by corrupt leaders who have next to no plan on how to better an economy? You get lots of unpaid bills.

Well, it works for telcos, most people trading in markets, banks, and a host of businesses, even people hawking stuff.

And all of them have one thing in common...cost reflective tarrifs or the right to set their prices.

The power sector hasn't had that right to do so...that;s why their service is awful. And the government is the one imposing that on them...that;'s why your government is ultimately responsible.

Starcrest1:
Exactly they are providing shitty services with dilapidated infrastructure and that's exactly what people are paying for.

Any day they are ready for business, they should rehabilitate their infrastructure and improve power supply that, way they can charge good money for their services and anybody that can't pay would find alternative.

Well, if you ran a business where government forced you to sell below your production and other costs...people would say your service is bad , you know.

nairalanda1:
That's what I tell people.

Nigerians, rich and poor, and even the government, are not paying their electricity bills, and the result is a sector hamstrung by liquidity challenges. The subsidy and price controls make matters worse.

That means that discos cannot raise enough money to pay gencos. DIscos have to even reject power from the gencos because they know that people not paying means that no money to pay the gencos.

But most people na to deny, deny, deny. Some even misunderstand what privatization means. Yes, it means people invest, but it also means that customers have to pay the kind of cost reflective tarrifs that would make the investment make sense. Not this one where only 20% of people pay cost reflective tarrifs (and there is no way that revenue from the 20% who do pay can subsidsze the rest...).

A business must make a profit to survive. If you call someone tinubu supporter for saying that, that means you are saying that tinubu government get common sense, which as we know na oxymoron. And anyway, tinubu is keeping the price controls on the sector that are contributing to the problem.


MODIFED

And here is an expert speaking on the matter



sauce: this day

which electricity bill.? The over estimated bill?. Them them provide meter to every household and business district

fineboynl:
which electricity bill.? The over estimated bill?. Them them provide meter to every household and business district

1. Many discos have a situation where a significant propotion of their consumers do not pay for the power they use...so they ripoff consumers who do pay through estimated billing and overcharging because if they don;t , their losses would be worse than it already is

2.Metering does not work in that regard as you would want it to because 1) 68% of already metered consumers bypass the meter 2) and even if everyone was metered and paying and not bypassing, only 20% of consumers pay a cost reflective tarrif.