₦airaland Forum

edogirl2:
In 2014, the govt released N50 billion intervention fund to the electricity companies because they were on the verge of going under due to low revenue.


Now, the same govt slashes their revenue by 50%.

If the companies were barely surviving under the old price, how will they cope with 50% less revenue. The govt will have to subsidise the companies with even more billions now . That is why the electricity companies (who were the major contributions to the infamous N21 Billion campaign money) will not complain about the slash in price.


The President and his inept finance minister insist oil subsidy must go. However, for their own election salvation, they're happy to open a new subsidy corruption channel in the power sector?

Only God can save us from this President and PDP!

ilugunboy:


SMH

barcanista:
Madam read very well...The Govt did not wake up to intervene by fiat, it had public hearing and consulted with the DISCOS. I don't know the basis for your complain nor I don't know the relationship between the removal of PMS Subsidy and the cut in electricity tarrif. Consumers complained, Government acted, everyone goes home happy. You don't criticise everything especially when there is nothing to criticise. You can keep paying your old high bills while the rest of Nigeria enjoy the new policy.

barcanista:
Honestly, their criticism is irritating. Highly unnecessary

queensmith:
she is right - the gov,t are essentially planning to subsidize electricity, how did they arrive at this solution if they cant subsidize fuel? The relationship between the two is subsidy!

There is plenty to criticize here - how exactly are the DISCOS arriving at the figure they bill residents?

queensmith:
she is right - the gov,t are essentially planning to subsidize electricity, how did they arrive at this solution if they cant subsidize fuel? The relationship between the two is subsidy!

There is plenty to criticize here - how exactly are the DISCOS arriving at the figure they bill residents?

barcanista:
Where did you see subsidy? In subsidy regime, the government pays a certain percentage/amount on behalf of the public. In this case it isn't so.

The high cost of tarrif was due to failure of the Discos to get some revenue, what they do is to pass it to the final consumers. This is what the FG stopped and asked them to do their homework. Please read very well, there isn't subsidy anywhere. You can't pay for subsidy when you never budgetted for it. Uncle/Auntie make you commend the government abeg.

queensmith:
Abeg just because you call it a different name doesnt make it a different thing.

Intervention fund, subsidy, payout bailout. All the same thing, so long as it's being funded by the government and subsequently the tax payers.

The government are pouring 215 billion into the electricity sector this yr alone - if they are demanding they stop passing the losses to customers abeg tell me where will the money eventually come from?

ElFenomeno1:
Smart metering is the way forward.

The 50% tariff reduction is a ruse!!!

The simple truth is we are still overpaying and still getting overcharged

Since the sector was privatised and reformed, one of the crucial aspect of that exercise was transparency and that has been largely ignored

Nigerians need to know how much they are getting charged for 1kWh, they need to know how much electricity they use and need to pay for what they actualise use.

voltron:
Simple Truth? you are paying for nothing. I spend nearly 30k every month on fueling my generators every time PHCN withdraws their stinking light. i use my generators 90% of the time i need electricity, yet PHCN submits their monthly estimated bill of between N24k - N30k every month for electricity the supplied just 4 hours in 3 days to the end of the month

ElFenomeno1:
What are you talking about?!

Who gives a fu...cking rat as....s about what you spend on your bloody generators?

The average citizen in Nigeria is paying for electricity they are not using... That is the bloody point

Why, because they are not getting charged for what they use but getting charged for estimated consumption and the price per unit delivered is excessive!

I am speaking from the average citizen's perspective and i know my onions.

I am sure some folks can relate here.

For your information i work as a consultant for DECC and OFGEM!

Go find out.

stronger:
Awesome!! GEJ is;

*Getting rid of Boko Haram,
*Reducing salaries,
*Reducing electricity tarrifs etc

Basically clearing up the mess he caused in PREPARATION FOR THE INAUGURATION OF BUHARI!!

Good stuff!! Go on boy!!

SAI BUHARI!!!!!

voltron:
same difference - only you spotted generators gripe water is bad for you

iamrealdeji:
So,he knows how to do this before? If he should enter for second term,he'll increase it by 300%

barcanista:
Thank God that you acknowledged his "Super Performance". Our prayer is that he continue the zeal till May 29, 2019. We are happy for his deeds so far. As for Buhari, his only access to Aso rock will be to give advice to the President or to attend Council of State meeting. For the Presidency, he can't become the President because Nigerians are unanimous in electing Jonathan.

stronger:
Exactly! That's what people don't understand! Imagine how bad his first term was. In his 2nd term, ALL the difficult economic decisions will be taken when there is no fear of re-election bid! We hear am.

BUT, it's not going to happen since GMB will be voted in!!!

LMAyedun:
Fool?
My papa need help.

tomakint:
Odenson a.k.a Demdem is poor and angry so you can see his frustration.......I wondered what would become of him after May 29, 2015

dein77:
The first thing you lose when you join the broom wavers, is rationality and patience. Next, you no longer see anything good in the efforts of others. Next, you lose all sense of respect for others.

Just imagine demdem and cleverly outrightly insulting GEJ!

Terrible. Pathetic.

Demdem:

Fool, stop disturbing my peace with outright stupidity.

Demdem:

Tomafool, ur wish actually.
Am only angry at the curse currently governing the country. Beyond may 29, demdem will continue to enjoy life.