₦airaland Forum

iwaeda:
Only in Nigeria a complete failure will aspire to higher position.

Yeah, because of his support for communist style price controls on the power sector, which is why we have issues with our power sector.

Guess he will do the same when he is governor, and it will end well..lol

SeizeTheMemes:
Answer me this. Why was this man allowed to go for governorship after the march 31 deadline?

Ask him. I no send your politicans , regardless of party.

And What Will be his Performance Cards ♦️♠️,as a Power Sector Minister?
• The same for Kwankwaso,
- what is his Performance Cards - as a FORMER' Defense Minister - that Could Not Fight Or Destroy Bokoham- Terrorists ,Bandits and Kidnappers For RANSOME !
* ACCOUNTABILITY IS WHAT WE DEMANDS,
-FROM OUR PAST AND PRESENT LEADERS - Who hade Been in Govt-Before!

SeizeTheMemes:
Answer me this. Why was this man allowed to go for governorship after the march 31 deadline?

You dey forget say na Nigeria u dey, again?? Omo

Na na na na na hey hey hey goodbye. Very useless thing. Like father like son. Na so hin papa live all his life as Oyo state troubler of isreal.

Oyo state people if you vote this failure minister of darkness to be your governor I swear failure like obaseki, Yeye Bello and Dapo will be like champions in comparison to his failure.

I'm Tinubu supporter but you see this exceptional I d I o t called Adelabu is a disaster I don't like him a bit ad apc will never give him the ticket.

We suppose summon all the past & present rulers dead or alive,make dem tell us where all the billions of dollars for electricity enter & yet no steady light for Nigeria to date💔

See who wan become governor of a state 🤔

nairalanda1:
Ask him. I no send your politicans , regardless of party.

You don't know but you somehow think in a country where that nonsense is possible that the extra tariffs you want will actually be used for development? The problem has never been tariffs it's the incompetence of the government and the electricity companies.

DISCOs reject load from GENCOs and only pick up power transmitted to areas where they could sell to make more money and yet you think the problem is they don't have money. Ok.

https://punchng.com/blackouts-gencos-discos-clash-over-rejected-power/

The weyrey is very smart 🧠 o
He put 30th of April as take off date, so he go fit collect April salary before he comot!
😂 😂 😂

😭😭😭

Good riddance.
Oyo state folks should better beware of that man.

nairalanda1:
Yeah, because of his support for communist style price controls on the power sector, which is why we have issues with our power sector.

Guess he will do the same when he is governor, and it will end well..lol

The power of our power sector is privatisation and a weak, corrupt government. If profit is the only motive and no one holds them accountable to anything, why would they give you power? Literally read the article I sent to you before.

If we implemented you policies no one would be able to afford power at all. Only the rich would. The poor and middle class would back in the stone ages while the power situation gets worse even for the rich.

SeizeTheMemes:
You don't know but you somehow think in a country where that nonsense is possible that the extra tariffs you want will actually be used for development? The problem has never been tariffs it's the incompetence of the government and the electricity companies.

Well, it costs N220-250 to make one unit of power, yet 80% of consumers pay under 100 naira per kwh.

Dude, with that kind of resultant loss, and with subsidy payments not consistent....you would expect things to be a mess.

Mtel was charging half of what MTN and Econet and glo were charging.Mtel was owned by government. Guess what...MTN and company were able to make profits that helped them imrpve their services. Mtel lost money, and crashed.

You cannot starve a company of profits in the name of cheap electricity...and we have been doing this for years...and expect improved service.

DISCOs reject load from GENCOs and only pick up power transmitted to areas where they could sell to make more money and yet you think the problem is they don't have money. Ok.

https://punchng.com/blackouts-gencos-discos-clash-over-rejected-power/

Which effing proves my point.

Because DISCOS are not allowed to make a profit thanks to not being allowed to charge a cost reflective tarrif, they only pay for the power they can afford, and reject the power they cannot afford.

If they accepted the power, their debt would have been around 20 trillion or more naira by now.

You guys should run a business to understand why price controls do not work.

Aniwhyte:
You dey forget say na Nigeria u dey, again?? Omo

I am aware but this blatant disregard for rules should not be normalised. If we want our country to be better we must hold ourselves and our leaders to a better standard than this.

Saying that just how things are is admitting defeat. It's like saying we can never get even basic accountability. I don't believe that and neither should you.

SeizeTheMemes:
The power of our power sector is privatisation and a weak, corrupt government. If profit is the only motive and no one holds them accountable to anything, why would they give you power? Literally read the article I sent to you before.

Ivory coast allowed cost reflcetive tarrifs in 1993.

The government in power then that passed the laws to allow it was not only very corrupt, but the president was a bigot. (Imagine Tinubu saying that Obi would not be allowed to contest elections next year because Obi is really from Cameroon...that's the kind of bigot that Ivorian president was).

The result was Ivory coast power improved....to the point that they had 24 hour power EVEN WHEN A WHOLE ASS CIVIL WAR WAS HAPPENING.

Your government sets prices below the production cost for power companies, and doesnt pay subsides, and you expect good power supply. Add power theft.

Ivory coast still has governance issues by the way.

If we implemented you policies no one would be able to afford power at all. Only the rich would. The poor and middle class would back in the stone ages while the power situation gets worse even for the rich.

You know what they said about the GSM sector when it was brought in with cost reflective tarrifs.

Yes, government does not want the poor to have phones.

But because it was cost relfective, that meant that financial instutuions and lenders were willing to pour in money, which made things better and allowed price reductions.

Same thing will happen in the power sector.

You guys should not excuse government bad polices because you want free stuff. NOTHING IS FREE IN FREETOWN.

Reference:
Nigerians should own the process and own the outcomes. Learn to build institutions that are the guarantors of continuity.

Just as financial traders have tools such as 'stop loss' and 'take profit', the citizens too should have independent tools to limit the damage of bad leadership while securing the continuity of good leadership.

A lot of folks don't like the Trump government and consider his term a huge waste. But whatever damage they perceive is on a clock and they have a chance in near time to reverse it. Because of institutions that work.

You can't say it any better. Unfortunately, our people are blinded by sentiments. Even if they're dying of starvation, they don't seem to care, so long as awa man is in power. Maybe thst mentality will bring a new lease of life to them.

Yesterday, we saw a heavily flooded completed portion of the highly-publicised coastal road. How can you do such a road without a proper drainage system in place and at the swampy areas that needed it the most? Because not all the portions would require such. There would be some dry portions as well. I trust tinubu in an opposition, he'd have sponsored it for publication on all print and electronic media. But because he's awa man, my people are keeping quiet.

nairalanda1:
Well, it costs N220-250 to make one unit of power, yet 80% of consumers pay under 100 naira per kwh.

Dude, with that kind of resultant loss, and with subsidy payments not consistent....you would expect things to be a mess.

Mtel was charging half of what MTN and Econet and glo were charging.Mtel was owned by government. Guess what...MTN and company were able to make profits that helped them imrpve their services. Mtel lost money, and crashed.

You cannot starve a company of profits in the name of cheap electricity...and we have been doing this for years...and expect improved service.




Which effing proves my point.

Because DISCOS are not allowed to make a profit thanks to not being allowed to charge a cost reflective tarrif, they only pay for the power they can afford, and reject the power they cannot afford.

If they accepted the power, their debt would have been around 20 trillion or more naira by now.

You guys should run a business to understand why price controls do not work.

Firstly, our government subsidies electricity companies. expecting citizens to pay the full price despite that doesn't make sense. Weren't the subsidies are inconsistent or not, it's obvious that the real problem is that the government and elite are corrupt and the solution is to replace them not pass the cost of living to the consumer when they still get subsidies anyway.

In the article you see "load dumping" a lot which means infrastructure is one of the issues here. Higher tariffs do not automatically fix transmission bottlenecks. They put more money into the same DisCos who have been private operators since 2013. In those thirteen years, have they significantly expanded distribution capacity? Have they reduced technical and collection losses to global benchmarks? Or have they focused on revenue protection in Band A areas while leaving the rest of the network to rot?

This is the problem of capitalism. At a point it comes to a state where it stops caring about anything that doesn't make profits. utility companies are not supposed to be for profit because they supply thing that people need to survive. They have no incentive to develop anything.

GSM was a greenfield sector with new infrastructure built by private capital. Why? because their was competition. The network providers where competing which each other and had the help of foreign capital. Nowadays the prices for GSM is increasing still and the service isn't getting much better. Why do you think that is?

Regardless, Electricity is an existing, decaying public infrastructure sold to private operators. The dynamics are different. For one the discos don't compete they are just given a region to supply. What is the incentive for them to develop anything?

WEREY BOW TO PRESSURE.

nairalanda1:
Ivory coast allowed cost reflcetive tarrifs in 1993.

The government in power then that passed the laws to allow it was not only very corrupt, but the president was a bigot. (Imagine Tinubu saying that Obi would not be allowed to contest elections next year because Obi is really from Cameroon...that's the kind of bigot that Ivorian president was).

The result was Ivory coast power improved....to the point that they had 24 hour power EVEN WHEN A WHOLE ASS CIVIL WAR WAS HAPPENING.

Your government sets prices below the production cost for power companies, and doesnt pay subsides, and you expect good power supply. Add power theft.

Ivory coast still has governance issues by the way.



You know what they said about the GSM sector when it was brought in with cost reflective tarrifs.

Yes, government does not want the poor to have phones.

But because it was cost relfective, that meant that financial instutuions and lenders were willing to pour in money, which made things better and allowed price reductions.

Same thing will happen in the power sector.

You guys should not excuse government bad polices because you want free stuff. NOTHING IS FREE IN FREETOWN.

Ok. How many people are live in the ivory coast? (33 million), What is their installed electricity production? (2,907MW). What is Nigeria's population? (241.5 million). What is their installed electricity production? (13,625 MW).

Nonsensical comparison. Don't even try it

The prices are low because of subsidies. If the government can't pay that's their problem not the citizens problem.

As i said before, even if they get more tariffs, what makes you think they would build infrastructure with that money? what is the incentive to do so?

.
E go shock una the guy go win both primaries and the election itself.

All that is needed is to make it look like it's only the Igbos who don't like him.
.

SeizeTheMemes:
Ok. How many people are live in the ivory coast? (33 million), What is their installed electricity production? (2,907MW). What is Nigeria's population? (241.5 million). What is their installed electricity production? (13,625 MW).

Nonsensical comparison. Don't even try it

Well, when they were doing the price controls you favor, they had grid collapses and blackouts. When they stopped, they had light.

The prices are low because of subsidies. If the government can't pay that's their problem not the citizens problem.

LOL, even if subsides are paid, the power companies would still lose money. Subsides cover the losses, they don't allow for a profit to be made.

As i said before, even if they get more tariffs, what makes you think they would build infrastructure with that money? what is the incentive to do so?

See the telecoms sector.

helinues:
The people that have been showing interest in Guber election in South West for the 2027 are just people with questionable characters

Imagine minister of darkness aspiring to be a governor.. Someone that couldn't handle only one sector

I agree with you. Most of the aspirants in SW don't have any credible qualifications. Many of them are failures sef.

SeizeTheMemes:
Firstly, our government subsidies electricity companies. expecting citizens to pay the full price despite that doesn't make sense. Weren't the subsidies are inconsistent or not, it's obvious that the real problem is that the government and elite are corrupt and the solution is to replace them not pass the cost of living to the consumer when they still get subsidies anyway.

Yes, and the government in Ivory coast was corrupt and still is, and they passed the cost of living to the consumer...and you can see the result.

In the article you see "load dumping" a lot which means infrastructure is one of the issues here. Higher tariffs do not automatically fix transmission bottlenecks. They put more money into the same DisCos who have been private operators since 2013. In those thirteen years, have they significantly expanded distribution capacity? Have they reduced technical and collection losses to global benchmarks? Or have they focused on revenue protection in Band A areas while leaving the rest of the network to rot?

Yeah, when they aren't allowed to make a profit, because of price controls, what do you expect?

Price controls always cause issues down the road.

Nigeria used to set prices for bread...which worked, until bread became scarce, and people were queueing for it. Government removed the price controls, bread got expensive, then the price stablized.

Again, setting prices for anything does not work.

This is the problem of capitalism. At a point it comes to a state where it stops caring about anything that doesn't make profits. utility companies are not supposed to be for profit because they supply thing that people need to survive. They have no incentive to develop anything.

And the socialism we have been doing for years has worked ni?

We allowed capitalism in the phone secotr...and went from zero internet in 1997 to now 60-70% coverage today..and growing.

GSM was a greenfield sector with new infrastructure built by private capital. Why? because their was competition. The network providers where competing which each other and had the help of foreign capital. Nowadays the prices for GSM is increasing still and the service isn't getting much better. Why do you think that is?

Which is what I am calling for in the power sector, young man! For eff;s sake

Remove price controls, watch investment grow. Simples.

Regardless, Electricity is an existing, decaying public infrastructure sold to private operators. The dynamics are different. For one the discos don't compete they are just given a region to supply. What is the incentive for them to develop anything?

So also is telecoms, so also is food. Yet we don't allow governm,ent control their prices do we?

Better wake up and smell the beans , price controls is what is killing our power sector, which is why regardless of government, light has not improved, or you are telling me that tinubu has been running this country since 1960!

nairalanda1:
Well, when they were doing the price controls you favor, they had grid collapses and blackouts. When they stopped, they had light.

you still haven't explained how a policy that worked for a 3,000 MW grid serving 33 million people translates to a 13,000 MW grid serving 241 million people across a vastly more complex geography and political economy.

But let's accept your premise for a moment. Let's say Ivory Coast proves that cost-reflective tariffs can work somewhere. The question remains. What is the mechanism that would make it work in Nigeria? You keep pointing to outcomes elsewhere without explaining how higher tariffs in Nigeria would lead to investment rather than extraction.

nairalanda1:
LOL, even if subsides are paid, the power companies would still lose money. Subsides cover the losses, they don't allow for a profit to be made.

You say subsidies only cover losses, they don't allow for profit. That's an accounting distinction that misses the point. The people are already paying through taxes that fund subsidies, through generator fuel etc. They are paying to subside these nonsense companies that only care about profit. Same DisCos who reject 77% of available power. How is this fair to anyone? How does this lead to development?

nairalanda1:
See the telecoms sector.

I already addressed this. GSM started with competition and new infrastructure built with private capital. DisCos are regional monopolies operating on a decaying public grid. The analogy fails at every critical point. In telecoms, multiple providers competed for customers. In electricity, the DisCos have captive territories. Where is the competition that drives investment in the power sector? I'll answer that.

It doesn't exist.

Witches and Wizards.
He has done destroying the Power Sector.
He wants to move to higher level of destroying his entire state.
Agents of the Devil.

This man kept the whole country in darkness, useless minister that have ever existed.

SeizeTheMemes:
you still haven't explained how a policy that worked for a 3,000 MW grid serving 33 million people translates to a 13,000 MW grid serving 241 million people across a vastly more complex geography and political economy.

But let's accept your premise for a moment. Let's say Ivory Coast proves that cost-reflective tariffs can work somewhere. The question remains. What is the mechanism that would make it work in Nigeria? You keep pointing to outcomes elsewhere without explaining how higher tariffs in Nigeria would lead to investment rather than extraction.

In other words, you want free electricity

The fact that Nigeria even has a lot of people, and complicated geography is even all the more reason why companies need to charge a cost reflective tarrif.

Plus, your question is riddiculous. Everywhere around you, in your market, gsm, and businesses, are examples of how cost reflective tarrifs works in Nigeria. Many busiensses survive here precisely because they are allowed to make a profit.

You have never run a business, and you want free electricity. Does not work in the real world.

You say subsidies only cover losses, they don't allow for profit. That's an accounting distinction that misses the point. The people are already paying through taxes that fund subsidies, through generator fuel etc. They are paying to subside these nonsense companies that only care about profit. Same DisCos who reject 77% of available power. How is this fair to anyone? How does this lead to development?

1. Most Nigerians do not pay taxes. 54-70% of Nigerians don't pay taxes to federal and state governments

2.Most government revenue, which funds subsides, comes from.....oil money, not from tax. Tax makes up less than 20% of our revenue in total. Oil money comes from 1.8m bpd...which is not enough (heck in 2012, when we were doing 2.4 m bpd and oil prices were as high as 100 dollars per barrel and more for months, people like SLS and NOI still stated that it was not enough then...

3. Again, discos reject power because they don't make enough of a profit to pay for it. Pretending that isn't the case shows you don't get how businesses run

My friend , the real world does not spoon feed you.

I already addressed this. GSM started with competition and new infrastructure built with private capital. DisCos are regional monopolies operating on a decaying public grid. The analogy fails at every critical point. In telecoms, multiple providers competed for customers. In electricity, the DisCos have captive territories. Where is the competition that drives investment in the power sector? I'll answer that.

And the government has passed laws to end such regional monopolies.

Meanwhile, regional monopolies would fail when government sets their prices below what it costs them to produce power.

Plus if we want to end regional monopolies, we have to install the kind of technology and repair and upgrade the grid to the tune of trillions of naira, way more than what all the discos make in a year. Now how would that be done/...COST...REFLECTIVE...TARRIFS.

COST...REFLECTIVE...TARRIFS.

If APC gives u the ticket,then thats the end of APC in oyo state.
God no go even allow am make u be governor of my state.
Olorun oba o nije

nairalanda1:
Yeah, when they aren't allowed to make a profit, because of price controls, what do you expect?

Price controls always cause issues down the road.

Nigeria used to set prices for bread...which worked, until bread became scarce, and people were queueing for it. Government removed the price controls, bread got expensive, then the price stablized.

Again, setting prices for anything does not work.

So your telling me that because bread went scarce that the solution was to leave it's price to market forces instead of building bakeries, instead of building more farms

Are you for real dude? The people who now can't afford that bread should just die?

nairalanda1:
And the socialism we have been doing for years has worked ni?

We allowed capitalism in the phone secotr...and went from zero internet in 1997 to now 60-70% coverage today..and growing.

What we have have been doing is not socialism. If you want to see socialism look at china. The phone sector grew yes. Capitalism can be a productive force early on especially with competition but after a while when these companies consolidate and become monopolies, it fetters and they start to extract not build. This is a known phenomena at this point.

nairalanda1:
Which is what I am calling for in the power sector, young man! For eff;s sake

Remove price controls, watch investment grow. Simples.

So also is telecoms, so also is food. Yet we don't allow governm,ent control their prices do we?

Better wake up and smell the beans , price controls is what is killing our power sector, which is why regardless of government, light has not improved, or you are telling me that tinubu has been running this country since 1960!

You haven't answered my question. What is the incentive to develop anything? Did our food supply increase magically because of market forces or was it because farms were built?

The next governor of Oyo state

The fact that apc is even willing to present a failure as one of their candidates in the Guber election is proof that apc doesn't rate nigerians at Ibadan!

I just hope the citizens there will be sane and educated politically to not vote him in as Oyo state governor!

SeizeTheMemes:
So your telling me that because bread went scarce that the solution was to leave it's price to market forces instead of building bakeries, instead of building more farms

Are you for real dude? The people who now can't afford that bread should just die?

So people making bread should starve because you want cheap bread?
So people making bread should be unable to afford to maintain their machineries?
SO people supplying the wheat should do it for free?
So people who transport the bread should do it for free?
You see the problem?

Guy, I am defending the right of the small businessholder to set his or her price.

Plus since government removed price controls on bread in 1985, millions haven't starved, and the bread industry has grown in leaps and bounds.

Free market works, because people want to make money.

For the very poor, there are charitable organisations. You can set up one.

What we have have been doing is not socialism. If you want to see socialism look at china. The phone sector grew yes. Capitalism can be a productive force early on especially with competition but after a while when these companies consolidate and become monopolies, it fetters and they start to extract not build. This is a known phenomena at this point.

Price controls on a sector...check
Subsides that don't cover the losses...check

As seen in many socialist countries....which was why their economies collapsed

China adopted capitalism in the eightes...that's why they are still there.

PLus is our phone and bread, and other sectors runas monopolies. Even cement, it isn';t a monopoly

You want free stuff. Admit it, comrade.

You haven't answered my question. What is the incentive to develop anything? Did our food supply increase magically because of market forces or was it because farms were built?

[/quote]It increased because the money making ability of the farmer was not impeded by price controls

Again, people want to make money. Impede their ability to do so...you get bad service, and scarcity

When poland was a communist and socialist country, prices of foodstuff were controlled to 'keep people from starving'. The result was massive scarcity of food, loss of variety of food, and so forth. In 1989, the government that took over from the communists removed price controls....today nothing like scarcity.

Same thing in Russia...below IN PIC 1 bare shelves under socialism in 1990 , and full shelves under capitalism afew years ago. All because people were allowed to set their prices and MAKE SOME MONEY!

Simple and short.

helinues:
The people that have been showing interest in Guber election in South West for the 2027 are just people with questionable characters

Imagine minister of darkness aspiring to be a governor.. Someone that couldn't handle only one sector

And they are part of the fraud - you have been defending for years - as an APC member! Are you tired of defending bad governance - or you engage in selective criticism? Remember: the grand Daddy of questionable characters is heading the Aso Rock - right now!