FG To End Electricity Subsidy From 2027 - Politics (4) - Nairaland
Nairaland Forum › Nairaland General › Politics › FG To End Electricity Subsidy From 2027 (9668 Views)
| Re: FG To End Electricity Subsidy From 2027 by TopBanter: 11:41am On Aug 01 |
Kukutente23:It is Google AI. Similar to ChatGPT, Grok etc. Google transitioned from a search engine to AI automated responses. Anyone seeking factual info can use any quickly. How is that not obvious? You're a waste of time. Go and sit down or do a course to gain more knowledge. You only argue obtusely here. Never intelligently or logically.
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| Re: FG To End Electricity Subsidy From 2027 by Nobody: 11:48am On Aug 01 |
Enough time to save up for solar |
| Re: FG To End Electricity Subsidy From 2027 by Yampotatocarrot(m): 11:56am On Aug 01 |
abelee:But mobile phones belong to you, you can take it anywhere you want, while prepaid meter is only attached to a house, you can't move it when you move |
| Re: FG To End Electricity Subsidy From 2027 by toffyz(m): 12:06pm On Aug 01 |
olarent:You see, BEDC don finish us for here ooo Please, which Disco dey in charge of Itori, Ogun State? |
| Re: FG To End Electricity Subsidy From 2027 by Guestmale: 12:24pm On Aug 01 |
youngsahito:Genco has been sold long ago but they are still operating as if they are still under government. Consumers or customers shouldn't be the one paying for prepaid meter,it supposed be the duty of the genco to supply their customers meter to measure what the customer is consuming. We don't go to filling stations with our meter, filling stations provides that. |
| Re: FG To End Electricity Subsidy From 2027 by extremophile: 12:26pm On Aug 01 |
Whatever legitimate step is taken to ensure regular power and curb the exploitation in the power sector is okay by me. If removing subsidies will ensure consumers are metred and supply improves, let's have it. |
| Re: FG To End Electricity Subsidy From 2027 by frog12: 12:32pm On Aug 01 |
but you'll pay more after they remove it but adelabu said it has ended since last year Jakarta: |
| Re: FG To End Electricity Subsidy From 2027 by Skinnygee1: 12:36pm On Aug 01 |
Please,is band A subsidized? ![]() |
| Re: FG To End Electricity Subsidy From 2027 by Debroslink: 12:46pm On Aug 01 |
Gboss247:Even your sentence is terrible. |
| Re: FG To End Electricity Subsidy From 2027 by Debroslink: 12:46pm On Aug 01 |
Skinnygee1:Hell YES. It will be around 1000 naira per unit from next year. |
| Re: FG To End Electricity Subsidy From 2027 by Jakarta: 12:49pm On Aug 01 |
Gboss247:That was how we complained in 2012 that paying ₦141 per litre for fuel without a subsidy was too expensive, how far today? I don’t consider spending ₦650 to power a 200L, 120W SkyRun refrigerator for 24 hours too expensive. What is the point of subsidising electricity if you will end up spending even more on fuel to power your home? What we should be more concerned about is the stability and reliability of electricity supply. Refusing to pay a cost reflective tariff will not make that happen. Electricity subsidies are only enriching a greedy few while ordinary consumers continue to pay heavily for fuel, generators, and alternative sources of power. |
| Re: FG To End Electricity Subsidy From 2027 by Jakarta: 12:52pm On Aug 01 |
frog12:It ended only for Band A, the government still paid subsidies for band B, E. Paying cost reflective tariffs gives us the power to hold GenCos, and DisCos accountable. |
| Re: FG To End Electricity Subsidy From 2027 by Eriokanmi: 1:04pm On Aug 01 |
Jakarta:Is everybody on band E like you? Which useless research are you talking about here? Shame on you guys for defending lies even in the face of the obvious. Shame! When we keep complaining of unexplainable increase in tariff to discos, they say it's not their fault but from the government and adelabu too would say it's not a tariff increase per se. They keep dodging the question. I paid for my meters both at work and in the office and I recharge a fixed amount of units monthly. Whenever there's an increase i do know, definitely. I don't blame you guys as you're still stuck under your parents' apron You know nothing |
| Re: FG To End Electricity Subsidy From 2027 by Jakarta: 1:48pm On Aug 01 |
Eriokanmi:How much is tariff for Bands B, C, D and E and how much is true cost reflective tariffs, If I'm on Band E why should I be calling for subsidy removal? Ogbeni say I dey lie, and you no fit dispute my statements of government paying subsidy for Bands B, C, D, and E, and purchasing free meters for customers. Ur free 50MB opera mini data no dey work for Google search? Na parents like you want make their kids be world class surgeons , and computer scientists, but no want pay school fees, or buy text books. Hollodo uprising senior prefect. |
| Re: FG To End Electricity Subsidy From 2027 by Reference(m): 1:58pm On Aug 01 |
Been on Band A since the get go so I don't expect my bills to go any further than they are right now. For the rest of electricity consumers on other bands, so sorry. |
| Re: FG To End Electricity Subsidy From 2027 by Kukutente23: 2:03pm On Aug 01 |
TopBanter:Lol So where in your screenshot am I wrong? It's still Google whether AI or search What school did you attend |
| Re: FG To End Electricity Subsidy From 2027 by Atlantis585: 2:10pm On Aug 01 |
That’s okay. You cannot miss what you never had. While some African countries have uninterrupted power supply at reasonable rates, we that don’t are about to start paying more for power that is never there in the first place. Thank you Mr. Tinubu. |
| Re: FG To End Electricity Subsidy From 2027 by geoworldedu: 2:24pm On Aug 01 |
Gboss247:Chai, na wa o. |
| Re: FG To End Electricity Subsidy From 2027 by 2tpick: 3:30pm On Aug 01 |
gtassure:So will they stop borrowing after they stop the subsidy? |
| Re: FG To End Electricity Subsidy From 2027 by Josywhyte: 3:43pm On Aug 01 |
Jakarta:Just know you will start recharging your prepaid meter for 5k per unit or pay over 40k per kilowatt for postpaid. You don't remove subsidies when you haven't put structures on ground to tackle the effects it will have later. See fuel subsidy for example, today we're buying fuel for 1400 to 1500 |
| Re: FG To End Electricity Subsidy From 2027 by Jakarta: 4:03pm On Aug 01 |
Josywhyte:Subsidy is not being paid for Band A users, they are already paying cost reflective tariffs. Even at #140 per litre for fuel without subsidy, we protested and rejected it, how far so far? |
| Re: FG To End Electricity Subsidy From 2027 by Josywhyte: 4:04pm On Aug 01 |
Jakarta:We are still secretly paying fuel subsidy till today |
| Re: FG To End Electricity Subsidy From 2027 by Jakarta: 4:05pm On Aug 01 |
Josywhyte:Of what benefits is the subsidy to us then? Only a few are making a killing from it at the detriment of the majority. |
| Re: FG To End Electricity Subsidy From 2027 by Gerrard59(m): 4:10pm On Aug 01 |
epainos:Thank you Jesus! I am glad we have right thinking Nigerians who understand basic economics and your post got is on the first page. As we had with NITEL vs private telecoms companies, so would we have it with discos. Tinubu might just be the right person for the job! This is making the system work out by itself instead of forcing it to work with subsidies. Subsidies only created opportunists in Nigeria because we took it too farT H A N K Y O U |
| Re: FG To End Electricity Subsidy From 2027 by nairalanda1(m): 4:16pm On Aug 01 |
Jakarta:NIgerians do not get it. Subsidy is why they don't have electrcity. As you aptly put it, if we won't pay a cost reflective tarrif, we would pay it in form of fuel, generator, alternative sources of power, even transformer and wires on top. But Nigerians seem to live in dreamland. I mean we are paying cost reflective tarrif to GSM companies. When was the last time anyone of us paid for GSM antenna and fuel for their generator? |
| Re: FG To End Electricity Subsidy From 2027 by nairalanda1(m): 4:20pm On Aug 01 |
Josywhyte:I won't be surprised if government is not paying fuel subsidy, but for now, they are not, reason being fuel is not costing less than 500 naira. It costs far more than 700 naira to refine a liter of fuel, even more self. If there was subsidy, fuel prices would be around N200 or less, and government would be spending something like N30 TRILLION annually by now. on subsidy Infact, government did resume paying subsidy, between October 2023, and april 2024, and paid some subsidy debt up to the end of that year...and during the period , petrol prices never passed 1000 naira. lIKE I said, I would not be surprised if government is paying subsides, and I am wrong, but for me, government isn't paying subsides. It just can't afford it, not with our debt being so high, and we are now able to pay salaries in every state for government workers. Bringing back subsidy would just wreck us, and worsen the debt , and make the economy worse. |
| Re: FG To End Electricity Subsidy From 2027 by nairalanda1(m): 4:25pm On Aug 01 |
Eriokanmi:Eriokanmi, it's like you don't get it, really It costs N200-250 to produce one kwh of power. Band A right now are paying a cost reflective tarrif, but most Nigerians are under band b to e...meaning the sector cannot make enough profit to fix things. Let's practicalize it, so that you understand. In April, discos as a whole made 206 billion naira. April this year. They were also expected to distribute electricity worth 300 billion naira in the same period...and nearly 200 billion of that was in gas costs. So, how would they pay bill of 300 billion naira with 206 billion naira. Collection rates are now at 80% of customers. I know you are campaigning against tinubu, and are using this as example of hardship, and yes, tinubu must go, but this subsidy and price control thing is hindering the power sector from growing. I mean, see what Prof Barth Nnaji said last year august. Prof is not a APC member o...he served under PDP governments. THe below is a summary of what he said (Link to the article is here) Asset Maintenance: Unrealistic pricing fails to cover dollar-denominated operations and maintenance, causing system failures. The energy charge component of the power tariff must be able to cover the cost of maintaining the assets,” Nnaji said.Will you call Prof a child? Or someone who has not left his mother's house? Or would you, if you were selling something to people, set your prices at what they can afford, or at a price where you would be able to maintain good service to your consumers? Yes, government has looter, yes etc etc, but that still doesn't change the need for cost reflective tarrif in the power sector. |
| Re: FG To End Electricity Subsidy From 2027 by Jungpablo: 4:31pm On Aug 01 |
How many times dem go remove subsidy? |
| Re: FG To End Electricity Subsidy From 2027 by reddingtonblack: 5:03pm On Aug 01 |
Jakarta:you are A band user, no wonder you can discredit subsidy, you are not on subsidyI'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.I won't allow you to muffle things up, subsidy is a significant presence of government in her people's life. My question, since they want to remove subaidy fully now, you think we all we be on Band A n enjoy 20hrs light, we are not both on subsidy we should get the same service, rite ? Is that feasible ? everybody 20hrs light on how many Megawatt you guyz those think this thing through, subsidy ia gone, can yu swear that we resolve power failure or people won't still pay for darkness ![]() |
| Re: FG To End Electricity Subsidy From 2027 by nairalanda1(m): 7:00pm On Aug 01 |
Skinnygee1: Explaining the current subsidy arrangement, Sunday Oduntan, Executive Director of Research and Advocacy at the Association of Nigerian Electricity Distributors (ANED), pointed out that only customers in Band A pay the full cost of electricity. The government subsidises up to 67 percent of the cost for consumers in Bands B to E. However, he noted, the government has failed to pay these shortfalls, resulting in mounting debt.. Source: Businessday , June 9, 2025 |
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