Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash - Politics (3) - Nairaland
Nairaland Forum › Nairaland General › Politics › Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash (27736 Views)
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by GENEGIRIA: 5:56pm On Dec 23, 2019 |
Instead of admitting that you tried to misinform people with that nonsense stuff about how nigeria is the main source of Ghana’s electricity and apologising, you are still talking crap,huh? Nigeria is a powerhouse? Is that a joke or something? What makes nigeria a powerhouse? Powerhouse? Powerboat? Powerengine? And yet it cannot fix its deteriorating economy? Nigerians are getting poorer and poorer How often do you travel across west Africa,to come to the conclusion that Nigeria dominates in west Africa? ![]() eduman365: |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by Nobody: 6:02pm On Dec 23, 2019 |
GENEGIRIA:It's disrespectful of you to write my country's name in small letters and yours with an initial capital... If Nigeria isn't the powerhouse of West Africa, then I guess Ghana is... with a population comparable to only Lagos and less cultural diversity, I guess you guys are at the same level with the US. I won't respond to you anymore because you have been disrespectful, instead of having an intelligent debate about regional economics... |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by tiwiex(m): 6:05pm On Dec 23, 2019 |
eduman365:They get paid for it man. Probably at a higher rate than we would have paid locally. I doubt it's as simple as don't sell to them because we don't have enough. Are we ready to pay the price they pay? Looks like they pay a lot per MW. |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by Nobody: 6:10pm On Dec 23, 2019 |
tiwiex:I know we don't give them for free, but it would serve a better economic purpose if we pumped the same into our grid. The money realized from this will still be looted by some politicians instead of using it for the good of our own people... We sell millions of barrels of crude oil on a daily basis, still we're not using the funds well. Not everything is about generating funds especially in a country where there is no financial transparency. It would go a long way in helping the country fulfill it's power agenda if used locally IMO. |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by MayenKudi: 6:19pm On Dec 23, 2019 |
Please help me tell them. eduman365: |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by Originalsly: 6:34pm On Dec 23, 2019 |
Hmmm......a blessing in disguise. Charity begins at home. No electricity locally.... nor nothing to show for the $665 M....where is the money? |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by Nobody: 6:35pm On Dec 23, 2019 |
Nigeria has been generating 5000 megawatt since I was born |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by rusher14: 6:41pm On Dec 23, 2019 |
DonFreshmoney:Yes. It is less than 1 billion dollars. 1 billion dollars is 360 billion Naira. If distributed amongst every man and child in Nigeria, it would mean 2 Naira per Nigerian per year. Hardly enough to fill the impact. |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by fkj950ax(m): 6:44pm On Dec 23, 2019 |
eduman365:If Niger dams the river in their territory, Nigeria will generate less power than we do from the same river we have a dam on already. As we will have to wait for them to open the dam in order for us to have enough water fill our own dam That's why we export the power to them and they pay us. |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by bakismith12(m): 6:50pm On Dec 23, 2019 |
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| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by MrBONE2(m): 7:12pm On Dec 23, 2019 |
MZrapper:NOoooooo ![]() South Africa is the giant of AFRICA ![]()
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| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by Powersurge: 7:29pm On Dec 23, 2019 |
eduman365:The question is, are you giving Ghana gas for free? The power sector in Nigeria is POORLY managed. Revenue collection efficiency by DISCOs is abysmal. |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by Nobody: 7:45pm On Dec 23, 2019*. Modified: 2:06pm On Dec 31, 2019 |
fkj950ax:I am well aware of that. |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by cooooooks(m): 8:24pm On Dec 23, 2019 |
We have ~ 10 GW of installed capacity and 7 GW of operating capacity. However, the Transmission Company of Nigeria can currently only support under 4 GW. Sending that power to the TCN will be a waste. We're paying some Gencos to NOT generate. JubrinElSudan: |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by gabe: 9:08pm On Dec 23, 2019 |
eduman365:lol we are not doing it out of charity. These countries pay forex at world prices for our power supply, that's why they get better services. It is the money they pay that sustains the sector. We pay a lot less at home due to regulation. The only solution to the power problem in Nigeria is letting suppliers charge competitive rates (about $0.15 per kwh, or N55 per kwh). At these rates, big players can collect loans from foreign banks and invest in the sector, making it bigger than govt ever can. We currently pay N27 per kwh, so govt subsidies the sector to keep it afloat. |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by Nobody: 9:13pm On Dec 23, 2019 |
gabe:I just think it would be better for us to channel the resources inwards. These foreign exchange still gets looted after selling everything we need back home. It ends up making it a loss for the citizens who barely benefit anything tangible as most of these things are lost in transit... A country where 20 billion USD was looted... |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by Nobody: 9:49pm On Dec 23, 2019 |
At the end all this money is not accountable for & we are still borrowing money up & down, the internal generated revenue the govt. are not being hold to give account.. All this stupid citezen who are killing their follow brethren because of apc/pdp instead of joining hand to hold the govt. responsible. |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by dochenaj: 9:58pm On Dec 23, 2019 |
eduman365:The Niger and Benue passes through these countries. If they build dams, Nigeria won't have enough water current to generate as much electricity as they do now. So it is a symbiotic relationship. |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by musicwriter(m): 11:33pm On Dec 23, 2019 |
eduman365:Nigeria isn't giving them electricity for free. Those countries pay through their nose. Its a kind of quid pro quo arrangement where Togo, Ghana, Niger, Benin are given electricity to stop them from damming the River Niger because if they dam it for their electricity generation, Nigeria would be thrown into darkness. If they dam the River, there'll be not enough water to power Kanji dam and many others in Nigeria. Farmlands in North West and even part of South West would become arid. That means mass food shortage in Nigeria. If Ghana, Togo, Niger, Benin wants, they'll actually destroy Nigeria's economy simply by damming the River Niger. I think they're even stupid for allowing Nigeria fleece them over the years, instead of building their own dam. I actually mentioned it a few days ago this's the way to have Nigeria open its border. |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by sindan: 3:11am On Dec 24, 2019 |
I can't believe i read this, so, is actually true that Nigeria is exporting energy. I've been hearing this since my childhood but in my adult stage i considered it as one of those childish talks. Oh lord what have we done to deserve these. |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by 9jaRealist: 5:38am On Dec 24, 2019 |
eduman365: Omihanifa: Jestin: VillageHead:The reason that we have an agreement to supply Niger Republic (not sure about the other countries) with electricity is so that they do not dam the River Niger upstream, which will severely affect the flow of the river into Nigeria. That will not only affect the hydro stations up North (in Kainji and Shiroro), but will also drastically affect the farmlands and agricultural production (including fisheries) in Nigeria. PS: Also the electricity is paid in forex for at COMMERCIAL RATES (unlike in Nigeria, where tariffs are not cost-reflective) > |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by bellotaofeek: 5:39am On Dec 24, 2019 |
So our case is like that of farmers that eat rotten or undersized crops and take the good ones to the market ! |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by slimdamatrix1(m): 7:22am On Dec 24, 2019 |
Exporting what we barely have? SMH |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by slimdamatrix1(m): 7:22am On Dec 24, 2019 |
bellotaofeek:It is truly so sad and senseless. |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by slimdamatrix1(m): 7:24am On Dec 24, 2019 |
musicwriter:Too much noise from one powerless being. Try it or kindly stfu and stay hating |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by slimdamatrix1(m): 7:32am On Dec 24, 2019 |
GENEGIRIA:Go and sit down please, your write up is senseless.. If Ghana is self sufficient, why are you guys still dependent on Nigeria for gas? If Ghana can do without Nigerian gas, why even bother? Read what you write before posting, one might think you need to visit a Dr for mental evaluation ASAP. |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by Just30: 9:54am On Dec 24, 2019 |
do you know what a contract is ? slimdamatrix1: |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by Ogaonos: 10:09am On Dec 24, 2019 |
dre11:this op jux exposed d real reason why u have nt stable electricity.d law of Nigeria put national grid which den sell most of d light 2 outside countries DT d real issue by generator importers rili.to look am na simple matter why not senate amend d law by allowing state grid Nd national grid.why national grid generate nd export light.d flamboyant state like lag,delta rivers etc will generate nd export to other states within Nigeria simple Nd no sand go b put on any bdy garri |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by iguita: 12:48pm On Dec 24, 2019 |
A lot of us discuss things we do not understand. We better give Niger power for free and block their building a dam to dam river Niger. Damming river Niger will reduce the flow of water to our kanji dam, meaning lesser water to drive our turbines. This may mean supposed 4000 MW we are generating will reduce to about 2000 MW. Remember that Eko Atlantic alone is using 1000MW, so forget all the big English and think of how this will affect you personally. Now how it will affect the Nigerian economy. If the dam in Niger is built, then the water in River Niger will reduce. Think of the climate change effects, less water means less farming on the river's corridor, meaning lesser income for our farmers. Remember everyone who works in Nigeria has at least 5 dependants, so if you do not pity the farmer, what of his five dependents? Same for farmers. Think of the effect on reduced rainfall. If we have any sense, we better supply them free / subsidized electricity and block the building of that dam. Unfortunately, we are late to the party. For reference, please read about the Grand Ethiopian Renaissance Dam and the war Egypt is waging on Ethiopia so they do no build the dam. |
| Re: Nigeria May Lose Niger Republic’s $665m Yearly Energy Cash by mikeapollo: 11:40pm On Dec 24, 2019 |
eduman365:Read the article very well. Niger Republic has the right to dam River Nige and that would seriously affect and eliminate almost all the power being generated at Kainji. Nigeria is scared of that so they entered into agreement whereby Niger Republic allows the river to flow while Nigeria uses the water to generate electricitý and sell some to Niger , Chad at a discount . Nigeria still benefits more from that arrangement because Nigeria will be in serious darkness if Niger Republic should block River Niger. Ghana has finished constructing their own gas infrastructure and will soon stop buying gas from Nigeria which is used to produce about 20% of their power. They now have enough gas and they know how to use it to generate constant, reliable electricity of about 5000MW. In Ghana, any president that fails to keep the lights on cannot stay in power. Nigeria cannot generste constant 5000MW electricity and nothing happens to the president even if darkness reigns and evrybody is using generator and businesses are dying.. |
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How often do you travel across west Africa,to come to the conclusion that Nigeria dominates in west Africa?
dey give another person food to chop 