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Nairaland Forum / Nairaland / General / Politics / FG Seeks Private Funding To Close $2.5 Billion Electricity Gap (15114 Views)
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Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by 0taPiaPia(m): 7:37am On Oct 18, 2020 |
Seek Gini. Una no go bring out those looted funds use give 24/7 light abi, @least to appease the youth. Ok. Una never serious |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by VeeVeeMyLuv(m): 7:41am On Oct 18, 2020 |
blackpanda:I meant if 200, 000,000 donate 5k each that will be equivalent to 2.5 billion dollars. The govt make it seems nothing good can be done to fix the problems. Are u not tired of how the evil govt is running the country? What if every Nigerian forget about these greedy evil persons and provide everything they need including security will that not be better option. |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by proclinician: 7:57am On Oct 18, 2020 |
PhiliptheArab: Why do you think you pay tax? One reason pls 1 Like 1 Share |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by kayjay69(m): 7:59am On Oct 18, 2020 |
Insofar as the gap channels into the stomachs and pockets of these prostitute politicians, if you like raise $25trillion, the gap will never be closed. 1 Like |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Awhy4u(m): 8:06am On Oct 18, 2020 |
Ogbeni, go to hell. Cut the salary of our so called politicians. I'm sure this would help you raise the so called fund. |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by yahmohy27: 8:17am On Oct 18, 2020 |
ayenale1:Are your representatives deaf and dumb? Can't they talk if actually your claim is real?Or probably they would also collect their share,right? Mtsww,some people will just be saying rubbish on faceless media |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Alba3: 8:20am On Oct 18, 2020 |
Give up on this country working except we restructure |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Horus(m): 8:23am On Oct 18, 2020 |
Produce your own electricity with solar panels |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by FLYFIRE(m): 8:24am On Oct 18, 2020 |
ShobayoEmma:Buhari, a lying BAD man with WORST intentions |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Nobody: 8:37am On Oct 18, 2020 |
proclinician: Didn't mention paying tax. The problem with power in Nigeria is simple. We produce power at 53 naira per kWh , and sell at 28 naira per kWh. No profit is made. Government pays a subsidy which covers the difference between cost of production and sales price. As a result no profit, thus no investment. Who wants to invest in something that loses money at the end of the day. |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Oyiboman69: 8:43am On Oct 18, 2020 |
Mathscum:That one will be the biggest of all |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by proclinician: 8:44am On Oct 18, 2020 |
PhiliptheArab: With tax payers money. This is simple economics. |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Nobody: 8:52am On Oct 18, 2020 |
proclinician: Yes, but at the end of the day, profits aren't made Here is how the subsidy in power works roughly. I buy coke at N150 a bottle and plan to sell at 200 a bottle making a profit of 50 naora Government steps in, tells me to sell at N90 a.bottle, pays me a.subsidy of 40 naira, so at the end of the day I lose 20naira per bottle sold How do I expand my business, pay the supplier,pay for generator fuel, pay transport costs Government pays a subsidy in power. And not all of it comes from taxes, part of it comes from loans and grants. And even then discos and gencos still lose 1 trillion annually because the subsidy does not cover their business cost and allow them to make a profit So which investor would come in and invest? Unless he wants to come and do Baba Christmas and dash us the money? It is because we want free power that we tolerate this. If government ran our businesses the way it runs the power sector, most of us would be broke. Like me and my hypothetical coca cola beverages business 2 Likes |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by edoairways: 9:00am On Oct 18, 2020 |
Homeboiy:And has Buhari improve the system? Are the populace enjoying at least 18hrs power supply except for few? |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by IjebuWarrior: 9:04am On Oct 18, 2020 |
tunapawizzy: Baba, you be genius, I swear. Baba, you too smart! 1 Like |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Germi9: 9:43am On Oct 18, 2020 |
Homeboiy:2seconds |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by MrzeroEmotions: 9:53am On Oct 18, 2020 |
PhiliptheArab:kikero, I know you're the one. 1 Like |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Nobody: 9:53am On Oct 18, 2020 |
MrzeroEmotions: K. |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by MrzeroEmotions: 9:58am On Oct 18, 2020 |
PhiliptheArab:but did we ever ask the govt to subsidize power? Education? We've been so accustomed to paying less than the actual cost of electricity and education. Remove subsidy. Yes, we have a lightbill of 10+k,but we'll survive. In my secondary school,science dept, no practical nor equipments. As a science student,I've never used a microscope before. Were seriously lagging behind. 2 Likes |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Nobody: 10:06am On Oct 18, 2020 |
MrzeroEmotions: Exactly But Nigerians love cheap things, and it is politically expensive to do what you suggest Even if it benefits our economy long-term 2 Likes |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by WrittyWritter(f): 10:10am On Oct 18, 2020 |
cut ur salary and allowance naa..stupid people...make bubu just resign with an apology latter..we can't stay like did till 2023 |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by chaloskyx: 11:18am On Oct 18, 2020 |
PLEASE JUST HALT ALL THIS YOU BORROWING WE ARE TIRED IT WONT GET ANYTHING FIXED ALL YOU DO IS LOOT THE WHOLE FUNDS THE NEXT GOVT COMES IN AND DOES THE SAME LET US ALL BE USING GENERATOR NO MORE BORROWING TILL OUR YOUTHS TAKE OVER |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Tundex911: 11:44am On Oct 18, 2020 |
Ni-ge-ria... |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by ihec(m): 11:48am On Oct 18, 2020 |
Make ask OBJ for the $16B |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Iolo(m): 11:53am On Oct 18, 2020 |
If only Power was on the concurrent list, states will be able to address these issues / put the right policies in place to attract investment to those areas without power. This FG agency won't need to exist...decentralisation is the way to go here. |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by DEADALIVE: 11:56am On Oct 18, 2020 |
Useless government Useless old folks Power to the youth... |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Nobody: 12:35pm On Oct 18, 2020 |
0taPiaPia:Firstly wankanda moniker is this |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Kissiemu(m): 12:43pm On Oct 18, 2020 |
Nna men! Is it ignorance or what? Young people can't read a report and understand it. From what I read up there... *A seminar was organized by Rural Electrification Authority ( REA) in the House of Representatives *The Speaker was represented. The Minister was represented. *The head of REA said that there are 80 million Nigerians without electricity. 80 million not in the national grid nor have any form of energy (wind,hydro, solar etc) * The seminar was of the view that the only way to bridge this gap is if the private sector comes in n invest in bringing electricity to these 80 million Nigerians. I smoke weed but my head dey clear for comprehension in those days for Ajangbadi High School, Afromedia #ENDSARS ...We move 1 Like |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by 0taPiaPia(m): 12:57pm On Oct 18, 2020 |
ZIINI: I take no prisoners |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Simply6: 6:06pm On Oct 18, 2020 |
Nonsense! Reduce house of rep salaries and Chanel the money into something more useful and beneficial! |
Re: FG Seeks Private Funding To Close $2.5 Billion Electricity Gap by Nobody: 6:20pm On Oct 18, 2020 |
What about the money owe to Nigeria from the electricity supplied to Niger republic, Benin republic and Togo.... Omo we got to intensify this protect oh... Time to close all power distribution company... |
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