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FG To End Electricity Subsidy From 2027 - Politics (3) - Nairaland

Nairaland Forum › Nairaland General › Politics › FG To End Electricity Subsidy From 2027 (9668 Views)

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Re: FG To End Electricity Subsidy From 2027 by Vision101(m): 10:01am On Aug 01
Kukutente23:
No more petrol scarcity because we have a refinery not because of subsidy removal
You guys should stop mixing things up
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:
How come out of all the countries in the world it's only in Nigeria and their fellow mumu African countries that subsidies are bad
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:
You lie from both sides of your mouth. Theres a company in Ikorodu approved for the manufacturing and sale of the meter. I bought 2 from them. They work hand in hand with discos and it wasn't the latter who appointed them. Stop defending this failed administration. You'll reap from whatever comes out of the removal of the so called subsidy,should tinubu enter again.

There's no subsidy anywhere because they keep increasing their tariff codedly and would be claiming nothing had been done, making over 200m Nigerians look stupid
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:
Nigerians cannot forgive billions of naira renovations, fake agencies, misplaced priority projects, extremely high insecurity and government’s inability to fight it, extravagant government spending and so on after they have been subjected to extreme poverty.

No police reform, still a very corrupt police and justice system, still high corruption in the oil sector, still high corruption everywhere, virtually no reform, only indirect taxation.

You can’t explain Tinubu’s failures. People are feeling and seeing it daily. It’s not something you can gaslight a Nigerian about, that’s why you should wear your helmet out there to avoid sunburn.
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:
A typical average Nigeria can't pay for electricity, so u think tinubu can do it
Nonsense talk total darkness
U think it's your 5k or 20k electricity u pay for light bill every month that can serve u uninterrupt power supply grin
Nigeria government needs nothing less than 60b$ to build a stable power
They are not telling u the truth
For nuclear power plant first then another 100$b for that useless old national grid when dey collapse every time
Nigeria shall make ona try do the math grin
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:
u guys are wicked
u think it is DisCos abi?
dont worry, they will transfer it to me and you just like the telecommunication sector is doing now, and then whatever the govt say they are using to subsidize that sector before will be embezzled and looted as usual.
all of us go suffer am
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:
https://www.vanguardngr.com/2026/07/fg-to-end-electricity-subsidy-from-2027/
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:
How does cost reflective tariff solve the problem of poor electricity supply
I remember you're the dude who claimed to be a UK trained technocrat
You seem to rely to much on Google for a technocrat
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:
TO always think you can demonize " subsidy" at any give chance is highly preposterous .. We see govt lie n lie on this subsidy of a thing
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 security

The govt seems to be on a Alienate subsidy crusade, but the fact that even developed countries stil subsidize is enough to nullify Govt attempt to demonize subsidy

We know subsidy is not the problem but the immense corruption brought into it by few at elms of affair ... Instead of Govt to reform the system in a way that mitigate corruption they are busy throwing the child away with bath water

Now when you remove subsidy on two facilitators of production, wil that not hike cost of production, will such news promote a Productive economy .. weigh the implications on businesses nd household

So at what Point does Tinubu intend to let Nigerians breath relief .. FG failed in it responsibility nd they just want to force the burden on the people.
Most 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 prepaid is still a subsidy.
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! shocked huh angry
Re: FG To End Electricity Subsidy From 2027 by Gboss247(m): 11:12am On Aug 01
Jakarta:
Long overdue, DisCos are using this subsidy rubbish as an excuse to scam customers paying cost respective tariffs.
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:
Removing the subsidy is not the problem.

The problem be say wetin una dey do with the money wey una dey save from the removal.

He come be like say the more them dey commot subsidy the more hardship
Save money from money loans been borrowed?
Re: FG To End Electricity Subsidy From 2027 by Gboss247(m): 11:17am On Aug 01
princepee:
Take your subside, give every house hold pre paid meter ..
No more estimated billing.
Let everyone pay for what they use.
So it should be first thing first
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:
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?
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:
Can't the government raise minimum wage to stand toe to toe with other countries of the world?

You guys are pure evil. EOD
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:
When 1kwh of electricity goes for ₦500, I hope you will still say the same thing?
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:
It will be better for people to by solar in their home now

Even if it is not more than 300k solar package cos this criminal GEN IS will be worse than fuel subsidy removal problems
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:
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!
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:
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.
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:
Wahala, well Solar is here. I hope they don't charge us monthly dues for our own solar o.
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:
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.
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:
Go learn what cost reflective tariff is, is the government paying subsidy for Band A users?
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:
They will still come and tell us that no money was saved from the removal of electricity subsidy. It's either they create a netfund equivalent in the power sector to siphon funds and subject millions of citizens to further hardship.
More money to build houses for judges and sustain the exorbitant cost of governance
Yes na, No money, they were borrowing to pay that subsidies in the first place!
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