FG To End Electricity Subsidy From 2027 - Politics (3) - Nairaland
Nairaland Forum › Nairaland General › Politics › FG To End Electricity Subsidy From 2027 (9668 Views)
| Re: FG To End Electricity Subsidy From 2027 by Vision101(m): 10:01am On Aug 01 |
Kukutente23:You don't understand my friend. Dangote wouldn't have sold petrol to Nigeria under the old scheme. How would he have recovered his cost? The FG would have owed him so much that he would have stopped selling to Nigeria. |
| Re: FG To End Electricity Subsidy From 2027 by epainos: 10:02am On Aug 01 |
Kukutente23:So, the conclusion you got from my post is that subsidies are bad ONLY for Nigeria and mumu African nations? If this is not, then, you have to answer that yourself. But if that's what you got from my post, God will help you further. Goodluck! |
| Re: FG To End Electricity Subsidy From 2027 by Figger(m): 10:07am On Aug 01 |
Solar is the new way to go, people are beginning to do away with nepa and am glad is happening. Solar business is going to be the new oil money. |
| Re: FG To End Electricity Subsidy From 2027 by Jakarta: 10:07am On Aug 01 |
Eriokanmi:Ogbeni please make some research and stop displaying your ignorance publicly. Are you aware that band E users are still paying #40 per unit, where do you think the balance #169.50 for cost reflective tariff is coming from? Me supporting this government ogbeni you well so? I'm a Nigerian citizen who doesn't allow sentimental emotions to becloud my sense of reasoning. Awoof go always run belle, make research please. |
| Re: FG To End Electricity Subsidy From 2027 by Vision101(m): 10:11am On Aug 01 |
givedemwotowoto:Long grammar. Alex Otti, Okonjo Iwuala, Sanusi etc are all known experts. Their commendations make what you wrote here irrelevant. Even your Obi acknowledged that Tinubu's CBN is doing great. Who's give them wotowetin? |
| Re: FG To End Electricity Subsidy From 2027 by Jakarta: 10:16am On Aug 01 |
Leepeak:Na people like Una wey no dey use Una common cense make Nigeria still dey like this. I'm a band A user, and I pay a cost reflective tariffs, even at #209.50 for at least 20 hours of electricity e still cheap pass who dey use generator. Go hustle and stop looking for free things subsidy is not sustainable, stop being a class prefect in an Hollodo uprising class. |
| Re: FG To End Electricity Subsidy From 2027 by Jakarta: 10:19am On Aug 01 |
OredoPikin:I'm already paying a cost reflective tariff, fear for your own self, subsidy is not sustainable. If people like Una allow GEJ then to stop petrol subsidy, we for no dey where we dey today. |
| Re: FG To End Electricity Subsidy From 2027 by oloriokonbowa: 10:21am On Aug 01 |
A plan to further impoverish the mases by APC government. They are not looking on how to cut down on their flamboyant lifestyles but it's the masses they want to stifle ti death with their God forsaken policies. |
| Re: FG To End Electricity Subsidy From 2027 by Qadaffi2idiamin: 10:24am On Aug 01 |
FG to end Nigerian lives 2027. |
| Re: FG To End Electricity Subsidy From 2027 by michoim(m): 10:30am On Aug 01 |
He never even get second term, another level of oppression by taxation, looting by taxation, impoverishment by taxation has started unfolding gradually to usher in the inglorious second term of the MONSTER BEAST...BUT GOD FORBID!!! |
| Re: FG To End Electricity Subsidy From 2027 by Omalicious1: 10:31am On Aug 01 |
Ofunaofu:Due diligence should be done by the FG so as not to be paying for services not rendered. Remember fuel subsidy. |
| Re: FG To End Electricity Subsidy From 2027 by TopBanter: 10:36am On Aug 01 |
Kukutente23:Not Google. AI. Recognise the difference. Anyone who is a technocrat will present verified facts towards their solution-provision argument. Not talk alone as you do here. Nigeria power sector is now fully deregulated thus needing private sector cash and investment to accelerate power supply solutions. If we remain in the past where Nigeria literally wish to pay nothing for power, then how will investors seeking ROI (returns on investment) be attracted to invest in our power sector? Profit is the reward for taking risk. Why will any investor engage in our power sector if the capital they risk cannot yield them profit because Nigerians won't pay the real cost it takes to generate, transmit and distribute power with the additional profit component on top? |
| Re: FG To End Electricity Subsidy From 2027 by zoedew: 10:45am On Aug 01 |
There will be xxxx to pay if by then Power providers do receive payment for recharge tokens and fail to supply power or supply bleak power or power that blinks! |
| Re: FG To End Electricity Subsidy From 2027 by Adakintroy: 10:50am On Aug 01 |
Make them privatice am like the dangote thing make he de available first. Even if he expensive. I no fit remember the last time I hear fuel scarcity. Cuz Play play play.. the overall cost of getting electricity is getting outrageous. Some of us get generator, others get solar, solar electric fan, Power bank, all because we can't rely on the power system Itself. The things that we import to fill in the blanks are getting outrageous. So make the power de even if he expensive. Cuz the alternative is getting more and more ridiculous |
| Re: FG To End Electricity Subsidy From 2027 by Jakarta: 11:03am On Aug 01 |
reddingtonblack:I'm not demonizing subsidy, but just swallowing the bitter pill, let's be honest the blind subsidy Nigeria is practicing is not sustainable, it only enriched few people at the detriment of those who this subsidies are meant for. Customers buy meters, pay for poles, fund repair of transformers, still they still don't have electricity. Of what use is the subsidy then if the distribution companies keep crying fowl of customers not paying cost reflective tariffs, hence poor electricity, and customers handling DisCos functionalities? DisCos are exploiting customers with this subsidy rubbish. Can you compare our telecoms sector with that of the power sector? Why are distribution companies scared of investing in power distribution? They sit and fold their hands hoping for free money from the government, from power they did not distribute. I am this kind of person that judge base on assessment records ... The fuel subsidy for instance what reflective changes have we seen ... The adverse effect on the economy & cost of living is it worth it. No sane Country jokes with there Energy securityMost developed nations don't practice the one cap fits all type of Nigeria subsidy. I will understand if your complains was about the timing of subsidy removal, and also the money realized for the intented subsidy payments not being judiciously utilised or accounted for. While on Band E in 2024 my electricity bill hovered around #6k per month, spent over #190k monthly fueling my generator, was part of a #9.5M contribution for transformer, cable, and electric poles installation for a so called subsidies plan. Moving to Band A, I currently average around #106k monthly for a minimum of 20 hours of electricity daily, not uninterrupted though. As band A users we bought electric poles, wires, meters, and transformer of what use is the subsidy being paid by the government then? States like Bayelsa state haven't witnessed electricity in years, electricity subsidy is only giving DisCos room to reap from where they did not sow. The government should focus more on cautioning the adverse effects of subsidy removal, and strict regulation not directly paying for it, because blindly paying for it, will only bring more harm than good to the citizens on the long run. |
| Re: FG To End Electricity Subsidy From 2027 by LadyExcellency: 11:03am On Aug 01 |
epainos:Free MTN or Glo Number is not a subsidy and neither is the prepaid meter. The government building of a toll gate is not a subsidy. If Opay, Moniepoint, Palmpay can give POS Machines free of charge (Caution fee is refundable) then prepaid meter should be free, maybe a caution fee can be demanded. |
| Re: FG To End Electricity Subsidy From 2027 by Teymanhenry(m): 11:05am On Aug 01 |
And human beings in their right senses will vote Tinubu in 2027? Lai Lai kuwa |
| Re: FG To End Electricity Subsidy From 2027 by Countrypeople: 11:08am On Aug 01 |
Countree people na im be say na subsisdy gone part 2 be dat now! ![]() |
| Re: FG To End Electricity Subsidy From 2027 by Gboss247(m): 11:12am On Aug 01 |
Jakarta:When 1kwh of electricity goes for ₦500, I hope you will still say the same thing? |
| Re: FG To End Electricity Subsidy From 2027 by Gboss247(m): 11:14am On Aug 01 |
saasala:Save money from money loans been borrowed? |
| Re: FG To End Electricity Subsidy From 2027 by Gboss247(m): 11:17am On Aug 01 |
princepee:By the time you consume ₦100,000 worth of electricity in 30 days, you will know! |
| Re: FG To End Electricity Subsidy From 2027 by Kukutente23: 11:17am On Aug 01 |
TopBanter:Fora UK trained technocrat, it's shocking that you don't know that the particular AI software you're using is a Google product. If you're talking facts, you should know that the power sector is not fully deregulated as you claim since Discos don't buy power directly from Gencos and more importantly, the transmission infra is still under the government. I don't know the past you're talking of where Nigerians wish to pay nothing for power. Nigerians have been paying power bills since the first power station was opened in Ijora. The fact is that Nigeria's power sector is distorted because of lack of adequate infrastructure and regulations to ensure they run properly. Without that, even if you begin to pay cost reflective tariff, you'll still find yourself in a weak market |
| Re: FG To End Electricity Subsidy From 2027 by Gboss247(m): 11:17am On Aug 01 |
Debroslink:Do other countries earn a lot of there own currencies to live a better life? |
| Re: FG To End Electricity Subsidy From 2027 by Jakarta: 11:18am On Aug 01 |
Gboss247:Go learn what cost reflective tariff is, is the government paying subsidy for Band A users? |
| Re: FG To End Electricity Subsidy From 2027 by Gboss247(m): 11:19am On Aug 01 |
Hussein035:Also prepaid to pay the equivalent of electricity bill to the federal government as solar tax |
| Re: FG To End Electricity Subsidy From 2027 by Kukutente23: 11:20am On Aug 01 |
epainos:You didn't really make much sense to be honest I didn't read to the end |
| Re: FG To End Electricity Subsidy From 2027 by Kukutente23: 11:21am On Aug 01 |
Vision101:That's your assumption. Just recently he was saying he will be selling to Nigerians in dollars Countries with private refineries still have stuffs like gas credit and subsidies and their refineries have not stopped selling |
| Re: FG To End Electricity Subsidy From 2027 by Gboss247(m): 11:21am On Aug 01 |
geoworldedu:Solar tax incoming! |
| Re: FG To End Electricity Subsidy From 2027 by Curious345: 11:21am On Aug 01 |
1kwh will be ₦1k |
| Re: FG To End Electricity Subsidy From 2027 by Gboss247(m): 11:24am On Aug 01 |
Figger:Until the government places a solar tax equivalent to the the electricity bills you would paid, then we stop looking for alternatives and fight bad government. |
| Re: FG To End Electricity Subsidy From 2027 by Gboss247(m): 11:27am On Aug 01 |
Jakarta:Are aware that a lot Nigerians relocated or met with power companies to degrade them from band A because it is too expensive? |
| Re: FG To End Electricity Subsidy From 2027 by gtassure: 11:35am On Aug 01 |
2tpick:Yes na, No money, they were borrowing to pay that subsidies in the first place! |
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