₦airaland Forum

theoldpretender:
1.Most Nigerians don't pay for power. Am sure Burundi has power because MOST people pay for power...and their government does not owe money

2.Plus there are large parts of that country that don't have access to power too.

3.Tell me, where are we going to get the money from? Another loan won't help matters.

How does Burundians pay for the power? Through estimated billing? I thought otherwise.

Until BEDC comes clean with providing for me the prepaid meter that I'd applied for almost two years ago, they shouldn't expect me to use their power supply. I'd stick to fossil and green alternative sources for now.

CodeTemplar:
Stop that. We have been down this military road before. Remember how OBJ kept preventing imports of certain products with the hope that it will spur local manufacturers. So what is Buhari doing different here. Nothing significant.
He is only going for textile because he knows it will favour the north as usual. All his first term moves where directed that way and it took a timely uproar among others for him to soften the pedal on it. He is back at this destructive north-first mago-mago diversification drive and you know it.

You dey mind mai suya! Always talking off point. The same dollars are what their kids spend in clubs in abuja so what is the stupid law or ban for

theoldpretender:
At the same time Nigeria is shortchanging the power industry.

1.DISCOS are being forced by law to charge for power below the cost of production. That is why DISCOS cannot accept all the power GENCOS send...they can't afford it.

2.DISCOS are owed N1trillion by government agencies, and also are owed same amount by consumers. And as a recent BBC programme put it, about 1/3rd of consumers pay for power.

3.Fixing power requires billions of dollars...and since Nigerians and their government are not paying up...how do we fix power?

One would want to assume you're one of those who is a share holder of any of the DISCOs.
Please can you inform us of any significant upgrades/improvements by the DISCOs since they were acquired?

We are all aware how the DISCOs were acquired and all the equipments that the government handed to them which were lying in the ports because NEPA a government agency could not clear the taxes on those imported e quipments.

This issue of DISCOs and GENCOs is another political play by those in the power industry.
Since NEPA was scrapped, we stopped hearing low water level in the dams, no supply of gas, etc, etc,. yet no reasonable power for consumers to use in their respective areas.

When they say about 1/3 of consumers pay, are they referring to those who are billed exhorbitantly for what they don't consume because of that old pattern of pre-determined billing system or in areas where a fixed amount is stipulated ?

Hahaha
With clowns like you why does the govt need to work?
Your point is that if an impoverished population pay more for power, power plants would suddenly spring up? A country where traders are loaned N10,000? There are no jobs, govt have to help parents feed their children in schools!!!
It's 4 years and there hasn't been noticeable improvements in electricity.
We can both bet N5m that after 4 years electricity won't greatly improve and you would continue blaming the citizens.
I saw you talking about South Africa now chew this quote and see how much you have internalized the failures of government.

""The domestic worker sector's wage in South Africa is set on 75% of the new national wage of R20 per hour, and so the new minimums will be R2, 625 per month or R15 per hour. However the minimum wage is the very bare minimum. It only covers the employer legally because you are within the law""

PS: R2,625 is N66,369.

theoldpretender:
1.Most Nigerians don't pay for power. Am sure Burundi has power because MOST people pay for power...and their government does not owe money

2.Plus there are large parts of that country that don't have access to power too.

3.Tell me, where are we going to get the money from? Another loan won't help matters.

sinaj:
They have started again


We dont have enough locally to go round, you didnt even check the effect and you rushing to place a ban like its the messiah

Will the ban affect Ganduje? He has both forex (dollars) and textiles(babanriga).

StaffofOrayan:
Hahaha
With clowns like you why does the govt need to work?
Your point is that if an impoverished population pay more for power, power plants would suddenly spring up? A country where traders are loaned N10,000? There are no jobs, govt have to help parents feed their children in schools!!!
It's 4 years and there hasn't been noticeable improvements in electricity.
We can both bet N5m that after 4 years electricity won't greatly improve and you would continue blaming the citizens.
I saw you talking about South Africa now chew this quote and see how much you have internalized the failures of government.

""The domestic worker sector's wage in South Africa is set on 75% of the new national wage of R20 per hour, and so the new minimums will be R2, 625 per month or R15 per hour. However the minimum wage is the very bare minimum. It only covers the employer legally because you are within the law""

PS: R2,625 is N66,369.

All right...lets then face the reality of low power.

Oil is at $60 and below. We need it at $140 to earn enough. Since we are not earning enough, and since you don't want to pay for power because we are poor ...then let's manage with the limited power we have.

You cannot get something for nothing.

Good morning...and next time, don't insult people with whom you disagree. You could have made your point without calling me a clown. You are not a child anymore. Don't use childish language.

Blue3k:
The import ban wont address the power issue which has been bane of productivity. The other textile initiatives failed for similar reasons. The smugglers are rampant on west and north ready to bring it it. People can still import goods they'll just have to source forex themselves. Expect clothes to cost a little more in the mean time.



The conspiracy theory leveled here is interesting but that would be dumb of Nigeria. They could was after the plants are built before adding it to forex ban. I do believe these new free trade zone projects will help since they have good incentives and they'll tackle power issues.

U absolutely correct. CBN can ban all they want but they can't ban black market. Sometimes I wonder if they don't no when they make noise.
Regarding d "conspiracy theory", I will its not far from d truth if not d truth. By now u should no Nigeria. Our people are good at putting d cart b4 d horse. China gave buhari loan so he has to fulfil his side of d bargain

bixton:
One would want to assume you're one of those who is a share holder of any of the DISCOs.
Please can you inform us of any significant upgrades/improvements by the DISCOs since they were acquired?

We are all aware how the DISCOs were acquired and all the equipments that the government handed to them which were lying in the ports because NEPA a government agency could not clear the taxes on those imported e quipments.

This issue of DISCOs and GENCOs is another political play by those in the power industry.
Since NEPA was scrapped, we stopped hearing low water level in the dams, no supply of gas, etc, etc,. yet no reasonable power for consumers to use in their respective areas.

When they say about 1/3 of consumers pay, are they referring to those who are billed exhorbitantly for what they don't consume because of that old pattern of pre-determined billing system or in areas where a fixed amount is stipulated ?

DISCOS cannot make any improvements because they aren't earning enough cash.

OK...let me have someone explain it...

The price of gas is a pass-through cost from the gas suppliers to the generators who in turn pass the cost to the distribution companies on a monthly basis. The distribution companies are, however, unable to pass this cost to end users for two reasons. The first being that due to the low state of generation, customers are not willing to pay higher tariffs which should ideally reflect any increase in gas prices. Secondly, whilst the generators by virtue of their respective Power Purchase Agreements with NBET, pass through gas costs on a monthly basis following purchase, the tariffs for distribution companies regulated by the National Electricity Regulatory Commission and as such cannot automatically pass on this cost to consumers. This creates a huge shortfall for the distribution companies which accrue interest and a resultant inability to meet their payment obligations to other stakeholders in the power value chain. The second factor affecting gas availability for power generation is the recurrent vandalisation of the gas pipelines. Any shortfall in the supply of gas will affect the amount of power that can be produced which will in turn affect the stability of the grid and may occasion grid collapses.(Sauce)

You see the problem.?

P.S...I have no link, nor do I work for any DISCO. I even had cause to have a dispute with them over metering of my former residence. I am a bill payer. I also read a lot.

""The cost per watt per solar installation (at this scale) will range based on several factors, such as available sunlight hours and location, but it's usually around $1/watt. Thus, a 1-megawatt solar farm would cost around $1 million to install""

Wasting millions of $ searching for oil or sharing abacha loot about when there is a power emergency. Imagine all the jobs that would be created, the number of manpower empowered,

I called you a clown coz your input is comical to say the least.

theoldpretender:
All right...lets then face the reality of low power.

Oil is at $60 and below. We need it at $140 to earn enough. Since we are not earning enough, and since you don't want to pay for power because we are poor ...then let's manage with the limited power we have.

You cannot get something for nothing.

Good morning...and next time, don't insult people with whom you disagree. You could have made your point without calling me a clown. You are not a child anymore. Don't use childish language.

StaffofOrayan:
""The cost per watt per solar installation (at this scale) will range based on several factors, such as available sunlight hours and location, but it's usually around $1/watt. Thus, a 1-megawatt solar farm would cost around $1 million to install""

Wasting millions of $ searching for oil or sharing abacha loot about when there is a power emergency. Imagine all the jobs that would be created, the number of manpower empowered,

As it is, Lagos town needs 15000mw....so at 1MW for 1million USD....that means you would spend $15,000,000,000 (15 billion IUSD) giving Lagos power.

And our foreign reserve is just 40bn. Abacha loot was under 4bn (and we have other needs mind).We have spent 300bn USD on the wild goose chase up North...that is just 340 watts using your calculation.

In other words...the money we need is FAR more than what Abacha loot and oil search loot will get us to.Like we need up to 15000 or more watts extra right now.

See the problem? and see why we need to allow DISCOS to charge higher...so that lots of investors will come in from abroad...and eventually prices come down and power improves?

We did the same for GSM. People paid N10000 for SIM cards at a time when service was poor. GSM guys took that money...and Nigerians back them were saying they were cheating us...and used the money to make services better.

Either we are realistic...or we just keep on suffering in silence.

People like us are not worried,we will even make more money from it.

I guess PMB is the CBN governor that gave such directive.

InaNla:
Buhari and his usual strange economic policies.


Hope we get it right this time...

A state of emergency has to be declared on electricity and it has to start from the citizens not making excuses for the govt, discos can't charge higher for what they are not getting, about 12000Mw is generated but less than 5000 is consumed, that is all on the government.
Despite all the problems in Venezuela, they have just started experiencing electrical shortages, That's the power of infrastructure which is lacking.
The govt has to play it's part. The power grid has to be part of a countries national security assets.

theoldpretender:
As it is, Lagos town needs 15000mw....so at 1MW for 1million USD....that means you would spend $15,000,000,000 (15 billion IUSD) giving Lagos power.

And our foreign reserve is just 40bn. Abacha loot was under 4bn (and we have other needs mind).We have spent 300bn USD on the wild goose chase up North...that is just 340 watts using your calculation.

In other words...the money we need is FAR more than what Abacha loot and oil search loot will get us to.Like we need up to 15000 or more watts extra right now.

See the problem? and see why we need to allow DISCOS to charge higher...so that lots of investors will come in from abroad...and eventually prices come down and power improves?

We did the same for GSM. People paid N10000 for SIM cards at a time when service was poor. GSM guys took that money...and Nigerians back them were saying they were cheating us...and used the money to make services better.

Either we are realistic...or we just keep on suffering in silence.

lastempero:
People like us are not worried,we will even make more money from it.

Dis wan sef wan feel among beta people.
Na hunger go reset ur empty brain last.
No go carry ur gala carton hustle

Obere4u:
Exchange rate doesn't really equate to strong economy.

Tell them. China built it massive economy on the weakest currency in developed world which gave them a competitive advantage that has been irritating the U.S..
A low currency in a productive economy encourages foreigners to come in and invest in the massive untapped potentials which is what boost economy.
The only real challenge here is the fact that we have a way of individually exploiting the weaknesses in our systems for personal gains to the detriment of all.
However, banning is not enough, govt needs to massively push cotton farming and textile industry just like they did with rice 3yrs ago.
If they don't use "Iron hand" in implementing policies in Nigeria it never works because of our greed and sabotage.

TheGreenLand:
Dis wan sef wan feel among beta people.
Na hunger go reset ur empty brain last.
No go carry ur gala carton hustle

Hunger will first of all kill you in that sh#t hole you are residing before e reach where I dey. I already know that buhari supporters are jobeless and have low IQ too and that makes it impossible for you to reason with your brain and see the possibility of cashing out from their useless ban.

lastempero:
Hunger will first of all kill you in that shit hole you are residing before e reach where I dey. I already know that buhari supporters are jobeless and have low IQ too and that makes it impossible for you to reason with your brain and see the possibility of cashing out from their useless ban.

na so so mouth dis one get.
where dis one dey?
ur neck go long from hunger til u wise up.
Broke nigga for Villa dey claim him dey somewhere.
He even dey cal Naija shithole, dirty boy.
Shame

RALPHOW:
I think the guy either lack wisdom, knowledge of his job or wicked ( benefiting from the hardship)
Nsira was N150 /$ when he became the CBN governor under his watch and program its nowN360/$.

My guy, CBN governor can only do much! He is not a magician! The strength of our currency depends on how much dollar we earn from export and how much dollars we demand for imports.
So if you want a stronger Naira, either export more or reduce your imports. What exactly do you want the governor to do? Interventions is just to manage such things. Interventions are costly and you can't keep intervening to keep the Naira strong!

InaNla:
Buhari and his usual strange economic policies.


Hope we get it right this time...

Godwin Emiefele,nothing to do with President Buhari.

theoldpretender:
As it is, Lagos town needs 15000mw....so at 1MW for 1million USD....that means you would spend $15,000,000,000 (15 billion IUSD) giving Lagos power.

And our foreign reserve is just 40bn. Abacha loot was under 4bn (and we have other needs mind).We have spent 300bn USD on the wild goose chase up North...that is just 340 watts using your calculation.

In other words...the money we need is FAR more than what Abacha loot and oil search loot will get us to.Like we need up to 15000 or more watts extra right now.

See the problem? and see why we need to allow DISCOS to charge higher...so that lots of investors will come in from abroad...and eventually prices come down and power improves?

We did the same for GSM. People paid N10000 for SIM cards at a time when service was poor. GSM guys took that money...and Nigerians back them were saying they were cheating us...and used the money to make services better.

Either we are realistic...or we just keep on suffering in silence.

Let the DisCos give everyone a prepaid meter first, then we'll take it from there.
Estimated billings is the major reason why people are not paying. With prepaid metering, it would difficult to consume without payment and officials will only need to ensure the meters are not being bypassed. But as it is, the DisCos can not complain of money owed. The power sector is owned by private individuals, but it's we that buy transformers. After installation, these mo.rons will still be expecting us to pay bills without a break for a month or two. Are we sharing profits with the DisCos?
And if your transformer gets blown up, these people won't attempt to replace it unless people in the neighborhood contribute to do so. They can't eat their cakes and still have it.
Discos should start living up to their responsibilities or they should pack up and allow investors who can. We can't pay higher for darkness.

mfm04622:
My guy, CBN governor can only do much! He is not a magician! The strength of our currency depends on how much dollar we earn from export and how much dollars we demand for imports.
So if you want a stronger Naira, either export more or reduce your imports. What exactly do you want the governor to do? Interventions is just to manage such things. Interventions are costly and you can't keep intervening to keep the Naira strong!

Refined petroleum products is our largest import. We can start reducing the pressure on our foreign reserve by investing on our refineries. We should start from there.

Why ban yet when you don't have the capacity to produce enough. Even when you produce enough, there is no need for any ban. We only need to ensure that we up or quality and compete with the textiles being imported. You won't force anybody to buy what they do not like.

How many of the people making the decision patronise made in Nigeria goods. How many of their suits, shirts, vest, boxers, shoes are made in Nigeria.

Reference:
That is a chicken and egg scenario that will make the dog of development chase its tail forever. Just how much carrot and stick does a black man need to move forward.

Literatture at its best!!!

CodeTemplar:
While revival of our textile industry is a good move, I have no doubt Buhari is pursuing it above other alternatives because it favours the north far more than it does the south.
He tried to hit full throttle with the northern dream in his first tern and there was a uproar, now there is nothing to lose and I am sure bubu will gladly ignore contrary advises.

Let me ask you. Is it a crime to favour the north? Who has enjoyed his government like the SW? Not that we are complaining since they are our allies but we derserve a lot more from him this time around. There are far too many suspended projects in the North

CodeTemplar:
Stop that. We have been down this military road before. Remember how OBJ kept preventing imports of certain products with the hope that it will spur local manufacturers. So what is Buhari doing different here. Nothing significant.
He is only going for textile because he knows it will favour the north as usual. All his first term moves where directed that way and it took a timely uproar among others for him to soften the pedal on it. He is back at this destructive north-first mago-mago diversification drive and you know it.

If not for OBJ, where will Dangote be today? Tell us another thing. Our overwhelming support for him cannot be unrewarded. Forget national character. The SW,NE,NW and NC deserve his attention more than any other region. Not that the others should be totally abandoned but it is the fairest thing to do

theoldpretender:
All right...lets then face the reality of low power.

Oil is at $60 and below. We need it at $140 to earn enough. Since we are not earning enough, and since you don't want to pay for power because we are poor ...then let's manage with the limited power we have.

You cannot get something for nothing.

Good morning...and next time, don't insult people with whom you disagree. You could have made your point without calling me a clown. You are not a child anymore. Don't use childish language.

Staffoforayan, if in places like Benin republic,people pay the market rate for power, why can't the.richer Nigeria pay.?

The basic problem is that when people are used to an indulgence for too long, it's as if they can't live without it.

These same people pay ridiculous amounts to power their generators far above the DISCO's rate. I

No Power suppy was what killed this industry in the first place. That issue need to be addressed. No forex for importation will not address this issue. If power is not addressed and texile industries have to run on alternative power supplie,their cost wil remain higher than imported materials. In short after security,power still remain the biggest issue in Nigeria today. Let the government focus on power. I have not seen a flicker of light in the last 6days.

I also believe that this move is to strenghten the China trade.

DeOTR:
Refined petroleum products is our largest import. We can start reducing the pressure on our foreign reserve by investing on our refineries. We should start from there.

If you expect Nigeria to invest in refineries, you are still asleep! We know ourselves. Any investment in any asset will be stolen in the long run. Dangote and at least one other refinery will soon be online.

Hahahaha indulgence!!!! That's a funny word to use.
You can't indulge in what has never been available. Nigerians already pays for electricity.
What we need to do is stop selling power to Benin and Niger Republic and focus on our own local supply, that is only common sense,
Remember Nigeria had to threaten both countries recently which made the release $10m to Nigeria.

grandstar:
Staffoforayan, if in places like Benin republic,people pay the market rate for power, why can't the.richer Nigeria pay.?

The basic problem is that when people are used to an indulgence for too long, it's as if they can't live without it.

These same people pay ridiculous amounts to power their generators far above the DISCO's rate. I

APCsupporter:
Let me ask you. Is it a crime to favour the north? Who has enjoyed his government like the SW? Not that we are complaining since they are our allies but we derserve a lot more from him this time around. There are far too many suspended projects in the North

Yes it is.

introvertme:
So you're saying we should all pretend that corrupt politicians and generals aren't the cause of the problems we're facing?

Please mention one admin that wasn't preceded by corruption. This isn't corruption alone but an incompetent fellow hiding behind corruption to deliver mediocre performance.