₦airaland Forum

Funny enough Adelabu is the next otp state governor.

Imagine the excuse our leaders are giving.

You know he is mentally ill yet you signed a letter deducting his salary for three months



Because he refused to collect Tinubu rice.

SmartPolician:
Nigeria has several bands - A,B, C and others. These bands enjoy subsidies, except A which is why the band is very expensive but enjoys steady power.

As a result, Discos only pay 30% of the power gencos supply to them, while the FG is expected to take care of the 70% because the FG pays the subsidies on the other bands.

Unfortunately, the FG doesn't pay it, leading to a huge debt that runs into 3 trillion since 2013. Because gencos don't have enough money to pay gas suppliers, gas suppliers have decided to slash gas supply to gencos.

Now, the entire country is in darkness because gas-fired power stations are our major sources of electricity now. Only parts of Nigeria that are not connected to the national grid have relatively stable power now.

Nairalanda1!!!

Always defending government incompetence..

SmartPolician:
Gas shortage here means that gas companies like Seplat have been supplying gas to energy companies that use gas to give us electricity for several years.

However, those energy companies (gencos) don't generate enough money to pay for the gas it is being supplied. Now, the supplier is owed trillions of naira.

As a result, the supplier slashed gas supply by 40 - 50% until everything they are owed is cleared. That means we will be in darkness for a long time unless the government decides to pay up.

Just last week or so NERC/PHCN gave a report of the profit they made..

Why aren't they paying gas suppliers from the profit.

BATified2023:
y can't u hold the governor's of your region accountable?

Must it always b Lagos?

U people will fail to hold the leaders of your region accountable and u will run to south west cos of their misgovernance n once u get here u suddenly become an activist talking down on your place of refuge

Pardon him please!

He was not aware that same way the current minister of power crippled power supply in his state is the way the current power minister has crippled power supply in lagos state.

True......
Very true

So true

Always true

Greetings....

Good day!
Please I have small funds that I intend using to start tools like chapgpt, canva, capcut group buy/resell online business...

Please I need someone who would guide me to start this business...

I won't mind paying for your services..

Ok

When the price of fuel becomes low we would consider his matter.

Greetings....

Good evening!
Please I have small funds that I intend using to start tools like chapgpt, canva, capcut group buy/resell online business...

Please I need someone who would guide me to start this business...

I won't mind paying for your services..

81.1% collection efficiency...

Next thing Nairalanda1 would start spreading the news that 68% of metered customers bypass their meters.

Okoyeeboz:
See them.
Anything apart from gala and malt, e no concern these ones.

Does he need to set up grid assessment committee?

https://www.nairaland.com/8462043/tinubu-signs-bill-granting-states/7

In June last he signed a bill allowing state to generate their own electricity and up to this moment no governor has made a move to implement it..

Why haven't the governors been penalized..

Why is the present minister of power still allowed to preside over the power sector despite his incompetent and ineffectiveness.


You and I know that nothing will come out of this grid assessment bla bla bla..

Finally Newcastle has scored.... Imagine one man down Newcastle ooh

APC and corruption cannot be

The Trump effect!

He has finally learnt the hard way.

nairalanda1:
Well, if I was to defend government incompetence,....I would be defending subsides on power, not adovcating for their removal.

Plus, if we wanted a subsidy that would pay for costs, AND pay for expansion and improvement...that would mean that government would have to drop at least 20 trillion naira annually. Ya budget is not up to 60 trillion naira at the moment.

For instance you always posted on nairaland that 68% of metered phcn customers bypass their meters which is false.

nairalanda1:
The problem is, the money for subsides will come from the 1.9 million barrels per day we produce here in nigeria...which is not enough for a country our size revenue wise, and that is before corruption comes in.

Also, we need something like 10-15 trillion naira annually in new investment for at leasr 5 years before we can see improvement. That is about a quarter of our current budget. And that is for new investment...doesn't cover subsidy or revenues.

That means that if you want subsides, you got to pay through the nose for it....by massive borrowing and more debt.

Also, Ghana and Ivory coast don't have subsides, and as a result have decent power supply. Egypt, that Peter Obi holds up as an example, removed subsides on power. That's our comparison...not India which is relatively wealthy

You are always everywhere on nairaland defending governments incompetence.

Those Dolphins are at the wrong place, if they don't migrate now they will be used to make fish pepper soup.

Burob:
Which kind hypocrisy dey worry u, I recall u just last month hailing Governor Otti for 24 hrs electricity in Aba & its provinces?

Well!

Aba is not connected to the national grid so they are supposedly to enjoy more power supply...As for the minister of power, he suppose resign because he can't deliver steady power supply to Nigerians

Lol


Say high to Islamäbãd

nairalanda1:
Cold reason for possible inflation of the bills? Most people are not paying or are not paying enough. So, bills are inflated for consumers who do pay.

(Also, the 'inflated bills' commentary is code for 'electric power should be free of charge'. Let's not lie).

Metering does not solve the billing problem.

As at last year, 68% of metered consumers bypass their meters.

There's no concrete evidence that suggests 68% of consumers bypass their meters.

Yes I know some consumers by pass their meters but no reasonable humans would believe that 6.8/7 out of 10 or 68 out of 100 consumers by pass their electric meters.

N

SmartPolician:
MTN should take a cue from Starlink and deploy satellite technology for internet services. This is 2026 - stop giving APC a reason to take us backwards. MTN has made enough money in Nigeria and Africa to deploy that technology

APC can still bribe the satellite engineers and tell them to turn off the network on election day.

Yet prices of items haven't dropped.

Next companies will post increase revenue earnings of over 500%..

Yet prices of items haven't dropped

But I saw the moon this morning

nairalanda1:
Yes I was expecting this comment.

In return, I'll have you know that discos need about 10-15 trillion naira in funding yearly to fix the power problem. One trillion does not cut it.

Add the fact that 68% of metered customers bypass the meters and 40% overall don't pay..and that trillion looks like small change

Power minister is incompetent for maintaining price controls on the sector. As ordered by his master.

Bro I disagree with you on the 68% of metered customers by passing their meters....

nairalanda1:
No, the cold reason is that it is government policy and the policy of the masses to not pay a cost reflective tarrif for power

To produce a kwh of power costs 230 naira . Or more. Most Nigerians don't pay that.

Add the fact that most Nigerians do not pay at all which leads to discos running at a loss and rejecting power from gencos for the simple fact that they can't pay the gencos.

And then there is corruption, part of it via rip off schemes like estimated billing which is done to keep the discos afloat.

And your government is running away from the problem

The fact that most Nigerians don't pay for electricity is not an excuse for the incompetence of the minister of power..

You calmed Nigerians don't pay for electricity yet the power sector keeps recording massive increase in revenue.....

https://www.nairaland.com/8544951/discos-revenue-rises-16.5-93.96

https://www.nairaland.com/8594408/consumers-pay-1.13-trillion-electricity

While Nigeria is still in darkness.....

It's clear Nigerians are being extorted because the presidency don't know what's is happening..


Infact in America power generation companies that generate 600MW of electricity make revenue of around $149 million yearly which translates to about N194 billion Naira..


How come transcorp made over N300 billion in revenue?

Nigerians are being extorted by this regime.

helinues:
I can bet it that you don't even know what this is all about but as an opposition supporters, na so una dey shook mouth into things you no know

Last year the president signed a bill that mandated all state governors to generate their own electricity, but up to this moment no governor has made any move to make it reality......

Well!

I expected you to post a sensible comment, but here you are typing meaningless things.

I thought the first person to comment was sensible.

No price control....

After Tinubu came in and removed fuel subsidy, followed by a geometric increase in dollar exchange rate and increase in price of fuel, many businesses decided to exploit the consumers

Werey!

Yoi go explain taya because we don't care

DrMB:
Is Nigeria really an "Energy Giant," or are we just scratching the surface? 🇳🇬⚡️
According to the International Energy Agency, Nigeria is the 5th largest producer of electricity on the continent.
Nigeria’s position among Africa’s top five producers is a profound paradox: despite being a "top" generator, defined by chronic energy poverty. While South Africa and Egypt use their massive outputs to sustain industrial economies, Nigeria’s similar total output is diluted by a population of 240 million, leaving the average citizen with 20 times less power than their South African counterparts.
This creates a "Giant with Clay Feet" scenario where Nigeria’s grid provides just 170 GWh per million people, a staggering contrast to the 3,522 GWh available in South Africa or the 2,001 GWh in Algeria.
If you could solve one part of the energy chain: Generation, Transmission, or Distribution, which would it be?
Let’s discuss the future of the grid in the comments! 👇



Source

APC agent....We have seen you