₦airaland Forum

Nigerian Businesses Spend N5trn Annually To Generate Power – NACCIMA
source : https://eyesoflagos.com/2019/08/04/nigerian-businesses-spend-n5trn-annually-to-generate-power-naccima/

National Association of Commerce Industry Mines and Agriculture (NACCIMA), has lamented the high cost of generating power by businesses in the country.

Eyes Of Lagos gathered that, Director-general of NACCIMA, Ambassador Ayoola Olukanni stated that majority of businesses in the country spend N5 trillion annually to generate own power. Specifically, he said, the $14 billion which translates to a whooping N5 trillion is expended on generators, maintenance and fueling by private businesses.

“We spend about $14 billion annually on generators, maintenance and fueling in other to keep our business afloat,” he said. Such humongous cost, he regretted, is a big drain on resources and may be responsible for the dwindling fortunes of most businesses.

“Generally, the business environment in the country in the past 12 months was certainly not palatable, but things can be better. We have not gotten to where we are supposed to be, though we are heading towards where we can just say that things can be better.

“We need to look at alternative source of power, such as cost of purchase, maintenance and fueling of generating sets in the country for the purpose of electricity both for manufacturing and general consumption.” Olukanni charged the federal government to address the power situation squarely, said the cost expended on power generation was unbearable.

“If such amount is being dedicated to boosting business in the country and if the government gets the power situation right, then businesses would boom and we will become more competitive, especially now that we have signed the African Continental Free Trade Agreement (AfCFTA)

Na so. The perpetual darkness in the land is generating revenue for polithiefcians like the owner of Mikano who so much loves us more than our ancestors and the diesel big boys. As long as the people who we depend on to electricity are thesame people supplying us with alternatives we are doom to remaing in dark age.

An unnecessary expenditure if power was stable

The answer is simple

This is nigeria

The truth about nigeria is this

1) the government have enough to steal

2) the middle and upper class citizens are not really taxed so dont really see the need to speak up

3) the poor are too hungry and disconnected to speak up

Until the average nigerian pay up 1000 dollars in tax
a year there wont be the nigerian of our dreams

An effective taxing system would make the middle class speak up , since they cant he bribed the government would listen

90% of the middle and upper class are from the south ...we cant pay tax for uneducated northerner to control ( this is the single reason south east has low IGr )

That's only for business.. How about home power generator?

Nigeria is a shit hole country

mrvitalis:
The truth about nigeria is this

1) the government have enough to steal

2) the middle and upper class citizens are not really taxed so dont really see the need to speak up

3) the poor are too hungry and disconnected to speak up

Until the average nigerian pay up 1000 dollars in tax
a year there wont be the nigerian of our dreams

An effective taxing system would make the middle class speak up , since they cant he bribed the government would listen

90% of the middle and 98% of the upper class are from the south east...we cant pay tax for uneducated northerner to control ( this is the single reason south east has low IGr )

Fixed for chest beating.

Simplyleo:
Fixed for chest beating.

Dont have time for zombies this morning ...