₦airaland Forum

helinues:
Globally things are slow not only Nigeria.

This December ia going to be hard considering the earthquakes, tsunamis and flooding across the globe. Those affected places either produce something or consume something.

Global supply and demand chain, global money circulation will be affected

There will always be excuses for failure, earth quakes, tsunamis, and flooding didn't started in Tinubu's tenure. Even with the great global recession of 2009, or that of convid-19 in 2020, Nigerians still never had it this bad, coupled with the fact that those governments were still paying subsidy for both electricity and petrol, spent money in defending the naira unlike yours. Your lord and saviour is a weapon fashioned against Nigerians.

Someone's ego was badly broken.

Educationalserv:
Smartness in bringing Mass suffering to the Nigerian people and debts .
160m poor and 160 trillion in debt .
How did Tinibu smartness help Nigeria
It only helping seyi , chacoury and other Lagos based mafia which you are not just another data boy

You're getting it all wrong, being smart politically doesn't translate to being a good leader. For a man who has controlled Lagos State to date, for a man whose certificate, educational background, even personal info are all questionable, for a man who forfeited over $400k to the US to yet became and remained the president of the most popular black nation on earth with over 200M people, being smart will be deserving as an accolade for him, hate him or not you must give him credits for that. Yes, his policies were ill timed, and poorly implemented, but not all were bad policies. He can't be considered a good leader, but he is definitely a smart politician

Atiku is very desperate and impatient. From SDP to PDP, then to APC, back to PDP and now SDP. And if you observe carefully, he almost ended up destroying each party. He was the one who made PDP useless to date; if not for the political smartness of Tinubu, he would have made APC useless too, even though useless is an understatement for sane Nigerians to describe the APC. The looting that will take place when Atiku eventually becomes the president of Nigeria will be child's play compared to the APC or GEJ PDP.

Stories that touch the soul.
In my area of Delta State, Band E users are contributing money to repair a faulty transformer that has been faulty for over six months now. Somehow, BEDC staffs still manages to sneak in and drop estimated bills.

The pastor probably did a spiritual job for him, and he has come to give his appreciation and thanksgiving. Things like this make me question the existence of God.

People will always complain no matter what, a Nigerian owned whatsapp wont change anything; nevertheless, you can lead the pack.

Because many of them are an eyesore, and a single view might make you want to throw up.

The Lagos job, by far, those rural jobs make one feel mentally lazy, thereby making it very difficult to step out of one's comfort zone. Made same terrible mistake in 2014.

Your hair will turn to a pitch bigger than the Man U Old Trafford football pitch with time. Classic example of you can make money by being stupid; all you have to do is remain consistent in your stupidity.

That G will be a very popular influencer by now; some will even buy his social media accounts for 5 digits. If he has any of YouTube, Subreddit, X, and other social media accounts, his bank accounts will be smiling now. Even Nigerian ladies will be more than ready to buy his lice free natural hair.

Is the government not still paying subsidy even after removing the same subsidy? If no how then did NNPCL spent over ₦7T as energy security expenses in 2024?

nairalanda1, its understanble and typical of you to always run away by blocking others when faced with overwhelming facts. Folks like you always run away from the house for fear of their wives beating them. Should i remember you to block me again once the current 2 weeks block period has elapsed? I"m better off not seeing childish, irritating, and lope sided posts like yours here.

nairalanda1:
Which is why they need a cost reflective tarrif. To make enough money to pay for all the things you ask for

Besides, metering is at 60% of consumers, billing and collecting money is now at 82% of consumers, latter is up from 60% in 2019, so hardly any lack of improvement



And you did not read the bit where I said that government in one year paid only 4.5% of its subsidy obligations.

Also, discos are not losing money due to internal ineffectiveness. They collect monies from 82% of consumers nationwide.

You better wake up to the reality.

Again, cost reflective tarrifs are needed.




Which can't be fixed because the discos are not making a profit.

I mean, government is forcing them to charge well below production cost, plus they are underpaying them subsidy money. What do you expect?

All these inefficencies are the result of there not being enough profit, and also people not letting discos collect up on debts...which is due to people like you clapping when people use violence to prevent discos from collecting their monies.

Dude, go and read my post again.





They did not lose the money, they cannot make enough money to pay for their bills because of the tinubu policy of price controls and subsides which you support.


Again, I leave you with the comments of the expert Prof Nnaji stateed here. A cost reflective tarrif would enable discos to pay for better equipment, better service, and better stuff.



All that is happening is because the tarrif price is not enough to cover the costs...of maintaing the assets, and expenses for operaitons, which are dollar denominated, not naira denominated.





Again, they did not lose the money oga. You are putting words in my mouth, because you do not want to accept the truth



If a company is forced to charge N70 and below for something that should cost N250 , do you expect better service.

Stop beating a ded horse.

Do you even understand what you post? See you moving the goalposts up and down. Nobody is denying that cost reflective tariffs and unpaid subsidy obligations are a major problem. But you're using that fact to claim that every DisCo inefficiency is caused by tariffs, and the data don't prove that, that is a lope sided argument of a lazy man blaming his being unsuccessful on the devil.

For your information 82% is collection efficiency, not "82% of consumers pay." Those are completely different metrics. If a DisCo bills ₦100bn and collects ₦82bn, that's 82% collection efficiency. It says nothing about what percentage of customers that actually paid. How did non cost reflective tariffs made discos to collect #82 out of every #100 billed? Government is forcing prices on you, and you still can't collect the prices forced on you from your customers, does it make sense to you? How about closing the business, if you are not making profits, did the government pointed a gun at your head that you must continue with the business? You want to collect cost reflective tariffs, but you can't even provide cost reflective service for those that are already paying for it. People like you always blame others for their woes and never want to take responsibility. Provide stable and reliable electricity and Nigerians are ever ready to pay cost reflective tarrifs for it, not sitting your lazy arse on your office chair and expecting fat checks from Abuja. How i wish the government could just flip the kill switch on this subsidy of a thing.

nairalanda1:
Discos revenue is separate from government subsidy payments.

Discos collect monies from 80% of consumers. 20% of these are band A. Bands B-E pay much lower , with government supposed to pay 67% of the actual amount they would have paid if they were band A consumers. But government doesn;t do that

Result is the disaster seen below




See the wahala.

Add the fact that in May, for example, discos collected 208 billion naira from consumers nationwide. GENCOS GAVE them 328billion naira woth of electricity to distribute naitonwide. NO way discos can pay for that, and pay for all their other costs, including salaries, wages, and maintenance and improvement

TO sum it up



So, discos underpay. Because they are not able to raise enough money thanks to government forcing them not to do so. I mean you get electricity of 328 billion naira, and somehow you can only raise 208 billion naira which is enough to pay for only part. And the same figures have been repeated month after month.

The same thing happened for the month of April. And this is, note apart from government subsidy obligations

Also, see the average tarrif? It is not up to half of what the actual cost reflective tarrif is.



Add the above 2, see the wahala. Unless discos and gencos have a magic money tree, there is no way they can give optimal service. It's even, again, a miracle they can give some service.



THe above is why discos and gencos cannot meet up with all that.

Again, you have a situation where price controls means discos cannot pay genco bills in full, and a situaiton where government is paying less than 5% of the subsidy costs it owes in a year.

Under such conditions it would be virtually impossible for any disco or genco to meet customer demand. It's a miracle they are able to do so somehow...even then, bad condtions.







Well, Ive explained it clearer to you.

Can you see why I said your posts are always lope sided and irritating? See you using price control as a shield for corporate incompetence, completely ignoring the fact that DisCos are failing at their most basic operational duties, which are metering, billing, and collecting their money from customers.

You are ignorant of the fact that the ₦120B failure is an operational disconnect, not a price control issue. Your May 2026 figures reveal that DisCos lost ₦120.8 billion in a single month, entirely due to internal inefficiencies on the part of DisCos, not subsidy related. DisCos' inefficiencies cost them a billing failure loss, which amounts to a whopping ₦76.08B.

DisCos received ₦328.95 billion worth of electricity but only managed to bill ₦252.87 billion. A staggering 23.13% of the energy running through their networks vanished into thin air because of poor network maintenance, technical line losses, and unmetered energy theft. Out of the energy they did manage to bill, they still failed to collect over 17% of the cash, thereby losing another ₦44.72 billion, which amounts to a total loss of #120.8B just in a single month. Do you expect the government to help them meter, and collect their own money from their customers?

How can a business purchase goods of over #300B and the management couldn't account for over #76B lost, and the same management couldn't collect payments for goods sold worth over #44B? I"m against the current subsidy structure not because it is bad, but because it is making these Discos very lazy and incompetent; they blame everybody for their failures except themselves. If not for subsidy, most of these Discos would have locked their offices by now.

Lazy discos that want to reap from where they did not sow.

nairalanda1:
1. Electricity supply is worse in my area.
2. ELectrricity is not going to get better in nigeria until we stop lying to ourselves, and force the government to remove subsidy and charge a cost reflective tarrif.

Right now, discos are collecting money from 82% of consumers. Keep that in mind.


In April this year, discos were supposed to distribute 330 billion naira of electrcity. To pay for that, they could only raise 206 billion naira from consumers.

IN May this year, they were supposed to distribute electricity worth 328 billion niara, and to pay for that they could only raise 208 billion naira from consumers

Which is what you expect when most consumers are paying subsidised bills that are way below what the discos need to maintain a profitable enough state to stay afloat and pay for electricity they distribute.

But with figures like the above, discos are

1. Forced to underpay gencos
2. Forced to reject power from gencos
3. There is no money to invest in improving generation and distribution...who go invest in a sector that is forced by government policy to sell at a loss.
4. The result is that discos and gencos cannot improve power supply.
5. Forget about the Siemenes project, it's meant to reduce losses on the grid. At best it can get us up to 13000 mw , which still is not enough.

What nigeria needs now is
1. 32000MW to power everyone on the grid.
2. 88000 or more MW to give EVERY HOUSEHOLD...Light 24/7. in nigeria.

You cannot do that without charging cost reflective tarrifs. Anything else na wishful thinking.

AM sorry, but until government meters everyone, allows the discos set the price, meaning we all pay at least 250 naira per kwh, get everyone metered, and get the government to punish power theft (yes, I know, effed up, yes, corruption, yes, Tinubu is like Satan and must be removed by Angel Jubril tomorrow at 10 am , yes black man knows how to oppress other black man, and we are deficient compared to the whites).....to guarantee eventual increased investment, increased generation, better transmission and distribution, and to stop spending money on generator and solar panels...and so forth. And to eventually spend less on power.

Band A is just an exercise in self deceit. 20% of consumers paying cost reflective tarrifs cannot yield enough revenue to pay for the rest of the country.

Yes, there is corruption in the sector. I do not deny it. But remove subsidy to day, allow cost reflective tarrifs, and all those power companues would not be corrupt because they would be forced to work for every kobo , and every naira, to improve service and attract investment.


Abusing me and calling me tinubu supporter shows that you believe that government should set the prices of businesses and producers to help NIgerians. That's a wack type of business thinking, and one which leads to more and more debt.

What has Discos collecting 80% of their money from customers got to do with the government or subsidy? Should the government help discos to collect their own money? Is it the responsibility of the government to meter everybody?Have discos been able to meet up with the minimum 20hrs of electricity daily to those that are already paying cost reflective tariffs? Your electricity related post are always lop sided and irritating.

reddingtonblack:
You joined a conversation, b4 you i had maintained SUBSIDY is not the cause of ineffeciency, since we removed subsidy on fuel, is Nnpc efficient now, buh money is still missing and they can't give proper account .. Our production stil below optimal ...if not for Dangote refinery

What you consider underline issues are skin surface issue to me, the real underline issues we must address 1st is
A. Corruption
B. Human factor/mentality

That subsidy worked abroad is enough proof, subsidy can't be the demon

You are completely missing the entire point: we cannot restructure the subsidy to be "loop proof" like the US or UK because a corrupt government will never willingly build a lock on its own ATM machine.You keep saying "let's restructure the subsidy route first and put security measures in place." You are arguing for a beautiful economic fantasy that does not exist in Nigeria. You cannot use the "human factor" as your entire defense, and then turn around and expect that same corrupt "human factor" to build an advanced, un-lootable system.
Let's look at the hard truth of why your arguments fall apart when hit by reality:

1. You said the US and UK structured their subsidies to be loop proof, so we should just copy them. Do you know why their systems are loop proof? It is because they have universal metering, fully audited financial tracks, and an independent judiciary that instantly jails anyone who steals a single cent. In Nigeria, the electricity subsidy is a giant pothole because the government and private operators intentionally want it to be a pothole. They thrive in the chaos. They purposefully refuse to meter millions of households so they can continue estimated billing and manipulate consumption figures on paper to claim trillions in federal payouts. Expecting a system with over 50% unmetered consumers and a debt ridden chain to suddenly become "loop proof" is like trying to build a skyscraper on top of a swamp.

2. Why "Bailout" is the absolute correct word. You claim the government is not bailing out the DisCos and that they "earn the money by theory." Oga, forget theory and look at what is happening in practice.The subsidy does not just pay a percentage of your bill; it covers the commercial losses of private companies. When a private DisCo collects electricity from the grid and allows 30% of it to be stolen through illegal connections or lost through broken cables, the government uses the subsidy to clear that debt. In a normal capitalist market, if a private company cannot collect its own revenue, it goes bankrupt and another competent company buys it out. But in Nigeria, the subsidy acts as a permanent commercial bailout that shields these private DisCos from bankruptcy, allowing them to remain lazy and incompetent forever. You are literally defending the use of public funds to protect private corporate failure.

You keep chanting, "Subsidy is gone on fuel, yet NNPC is still inefficient and refineries are not working!"Exactly! You are proving my point for me without you knowing! Why is NNPC still inefficient? Because the government refused to let go of its monopoly. They kept NNPC as the sole importer, continued manipulating the foreign exchange, and ran a secret, backdoor subsidy that ruined the national treasury. But look at what happened the moment a truly independent, private entity stepped into the ring the Dangote Refinery. The entire corrupt monopoly of the NNPC began to shatter. This proves that the solution to corruption is not to keep feeding a state controlled subsidy; the solution is to completely smash the monopoly and allow open, private competition.

With the current subsidy structure, we are only paying higher for darkness. You said removing the subsidy won't guarantee light and will only make Nigerians pay higher for darkness. Let's do the actual arithmetic of your daily life:

Right now, because of this fake subsidy that keeps the grid broke, you are already paying the highest price for darkness on earth. We are spending billions of naira collectively every single day on petrol, diesel, generator maintenance, and inverters just to get basic electricity. The cost of generating our own power with a generator is 300% higher than paying a full, unsubsidized, cost reflective tariff.When you remove the subsidy, break up the transmission monopoly, and allow states to run independent grids (like the Aba Geometric model which is successfully delivering stable power without federal subsidy intervention), the market stabilizes. we stop buying fuel for generators, and our overall monthly spending on energy actually drops.


You say the oil and power sectors are in poisonous hands. We both agree 100% on that. But your solution to dealing with poisonous hands is to keep handing them over ₦1trillion subsidy knife to stab the economy.As long as that subsidy exists, those poisonous hands have a multi trillion naira cover to explain away the darkness. When you kill the subsidy completely and force a cost reflective market, you strip them of their excuses. The DisCos will either have to deliver stable power to collect their money from consumers, or they will collapse and let competent investors take over. This is what happened with the state owned NITEL. Stop begging for a "subsidized cushion" inside a burning house. Kill the subsidy, break the monopoly, and let real infrastructure take over, class dismissed.

reddingtonblack:
C'mon !! The fact that there are developed countries practicing subsidy nd none records corporate inefficiency is why i will discard your point

See how you cunningly avoided the underlying issues I raised after answering your question.
You keep saying developed countries practice subsidies without corporate inefficiency.
You are completely ignorant about how those countries operate. In the US and UK, the government does not give blank checks to private electricity companies to cover their debts or compensate for stolen power.
They subsidize the consumer directly (through energy vouchers, tax credits and refunds, or low income welfare checks). The private power companies still have to collect 100% of their money from these customers, install smart meters everywhere, and maintain their grids perfectly to survive.

In Nigeria, the subsidy goes straight to the top to bail out lazy, private DisCos that fail to meter households, fail to stop energy theft, fail to collect their own money from their customers. You cannot compare a structured Western welfare system to a parasitic Nigerian corporate bailout.

Just to let you know, the cost of running diesel and petrol generators is currently three to four times higher than paying a full unsubsidized cost reflective electricity tariff. The subsidy is not saving businesses; it is keeping them trapped in a cycle of buying expensive fuel because the public grid is naturally dead.

reddingtonblack:
I think i have ask ...what do you take subsidy is cut on actual cost, You mean subsidy negate " Profit ... Cos why will else wil you blame " subsidy instead of seeing DEBT is the problem.

Let me ask Should Govt keep up to date with subsidy do you believe discos wil still be on shortfalls ... Its important we clear that 1st so we know what we are really discussing

Yes if the government kept up to date with subsidy payments the discos will still experience massive financial shortfalls, because the subsidy does not negate profits rather it protects corporate inefficiency. This is because the subsidy and the sector's structural shortfalls are two completely separate failures. NERC statistics demonstrate why up to date payments cannot fix the underlying issues which are:

1. The DisCo Collection Leak: The subsidy is only designed to cover the tariff gap which is the difference between what it legally costs to make electricity and what the government allows consumers to pay. It does not cover the money lost when DisCos fail to collect bills from their own customers.The latest NERC commercial performance data reveals that DisCos have an average collection efficiency of just 78.95%.

Meaning for every ₦100 worth of subsidized electricity distributed to homes, DisCos fail to collect ₦21.In some regions like Kaduna, the collection efficiency drops to a pathetic 45.81%. Even if the government covers its 52% portion of the bill perfectly, the DisCos will still experience a shortfall on the remaining 48% because they lack the technical capability to stop energy theft, meter bypasses, and unmetered billing.

2. Up to date payments do not buy infrastructure. Subsidy is a consumption discount, not a capital investment. It is calculated based on current energy usage. If the government pays it on time, that money goes directly toward paying gas suppliers and thermal plant operations just to keep the lights on for today. It does not provide extra cash to buy smart prepaid meters for the millions of unmetered households, repair the fragile national transmission grid, which suffered multiple total collapses in early 2026 which should be the responsibility of discos.

You kmow what i find very funny ... these was how midnight professors were discrediting subsidy on fuel ... Postulating Nnpc wil be efficient, production will boom, competition, blah blah ...3yrs after howfar ??

If not dangote refinery, we for don see shege. Some of learn lessons from past, and some just never learn

The reason the fuel subsidy removal felt like a failure is exactly the same reason the electricity subsidy must be removed. You are looking at the fuel crisis and learning the wrong lesson.The fuel subsidy removal didn't struggle because removing it was bad, it struggled because the government replaced a state run subsidy monopoly with a state run import monopoly (NNPC). They didn't actually create a free market. You just admitted it yourself
"Dangote Refinery is the only thing saving us from seeing shege." Have you asked yourself Why?
Because Dangote is a private, independent refinery operating on commercial, unsubsidized reality Dangote proves the entire point private capacity and real infrastructure solve problems, not government subsidy handouts.

Let me explain fuel comparison and tie it back to electricity

NNPC vs. DisCos: The same corrupt logic The "midnight professors" weren't wrong about economic principles, they underestimated the corruption of a state monopoly. For the first two years after subsidy removal, NNPC remained the sole importer of petrol because the government kept messing with the foreign exchange window. NNPC was running a hidden back door subsidy, racking up trillions in secret debts to international traders.The exact same thing is happening with electricity. The government is using the ₦1.2 trillion subsidy to fund a state controlled, broken national grid. If you keep the electricity subsidy, you are just protecting the "NNPC model" of the power sector allowing private DisCos and government transmission managers to hide their incompetence behind federal checks.

reddingtonblack:
Loop

Coming from a Nigerians, i thought you said you pay for security, wire, transformer, viligante n every basic needs and you are happy that Govt has no Contribution directly into your life. You can"t tell me you are a normal person ...You must be part of these rogues

What kind of citizen wil not want Govt contribution in any form, so what is the usefulness of govt .. When i am a govt on my own ... I did my own gutter, contribute to grade our road, pay for viligante so what is my gain from govt if subsidy is completely off the table

If you are in lagos, we pay waste management dem no kum pick waste .. people like you would jump online to blame it on subsidy ..assuming it exists. Smh

Bro, I don't think you are getting the point that jakarta is trying to make. The current electricity subsidy will only cripple our power sector, not revive it. It is making DisCos very inefficient and lazy; imagine a child from a wealthy home whose parents use money to buy him grades in his exams, odds are that child will not want to read his books, because he believes his parent's money will give him the needed grades. But what if the parents say to the boy, Pass your exam in flying colours, and we will buy you a PS5. Yes, it will be difficult for the child initially, but with time, reading his book and aiming to get good grades will almost become a normal target for him with time.

Discos are now seeing subsidy payments as free money and not wanting to invest in their business from their own pocket; as such, when the free money doesn't come, everything collapses.
Let's use South Africa as a case study. First, the power companies invested in infrastructure (turbines, transformers, meters and all others); this should be their non negotiable responsibility from the onset. After all that, power is evenly distributed to all households, albeit at a very high cost which most poor homes couldn't afford. The government then came in and said ok being your government, this is what we will do to help you. First we will verify the truly poor homes, then we will help you in paying certain power unit e.g we will help you pay 60Kwh every month, anything beyond that will be paid by you. With such a system in place, the subsidy payments now look more targeted, the more customers on the grid, the more connected poor homes which will lead to even more guaranteed state backed sales. These one caps fit all open blanket subsidies Nigeria is practising are just a ticking time bomb that are guaranteed to explode. Nigeria DisCos are using subsidy to scam the Nigeria government and her citizens.

SultanYoung:
hahahaha agba Ballar always chest beating make I calm your body with screenshot.

So anybody wey reject una messiah na poor person.

Enjoy

Childish of you to think I see any Nigerian politician as a messiah; I'm too smart for that. Somebody with that type of account statement will not behave so childishly.

damoobaba:
Getting worse for you and your family members. Better go and wash your head in a flowing river if things are getting worse for you. All I see around here is people starting different housing projects.

The motive behind your comment is understandable; after all, you must hustle for your 30k stipend. I can engage you in something meaningful if you choose to be useful.

Proudlyngwa:
You can DM , don't be ashamed.

Am a facilitator for job posting, I can help you if things are that bad.
Don't project your miserable realities unto everybody

You lack maturity and sound very boring.

SultanYoung:
Funny man and what have you done for yourself to change it.

Tinubu has done his part now is time to do yours by working hard and smart and stop whining

Since 2022, I have promised myself never to earn in that worthless piece of paper called Naira, as far as the internet exists. I just pity folks like you, who bow and sing praises of their oppressors at their own detriment. If Tinubu likes, let him tax the air you breathe; I'm only concerned about those of you whom he is pushing into multidimensional poverty without you even knowing.

BATified2023:
that 30k that u think it's big money that someone can survive on it per month no reach how much I dey use buy fuel in a week

All these poor boys self that see 30k as big money, many of u are so drown in poverty that 30k seems huge to u to d extent u believe it's okay for someone to collect it for one full month

Everybody is a billionaire online, but by their actions we know those whose livelihood depends on 30k monthly stipends, those who will loudly say NO SIR to questions like "Are you normal?" All for an utmost 30k monthly target.

Proudlyngwa:
If things are so bad , speak out I can get you a job

Says he who can't afford 3 square meals a day, funny you.

Funny, certainly a loan APP on the beat.

BATified2023:
u better go n hustle n stop complaining when people are doing better for themselves

So you think arselicking for 30k stipends just like you do is hustling? Show our NL profiles to mature minds, and see them point out who is jobless and doing better between the 2 of us. I don't lick arse for a living.

FSBoperator:
There's a global recession ongoing and it's going to get worse as long as the orangutan in the WH continues to carry out the diktats of his Zionist handlers


Trump began all this madness when he obeyed all the rubbish of his Zionist handlers starting with the COVID vaccines and lockdowns.

He has continued his madness to seriously hamper global food and energy supplies.

It's only going to get worse but at least he will give you your Biafra .

Upcoming Bwala AKA MR i never said that. Same Trump, according to you, was the best thing to happen to the world. In 2016, with a severe recession, it was late PMB that made the Nigerian economy worse, but in 2026, with no recession, it is Trump that is making the Nigerian economy worse. Our politicians are truly a clear reflection of most of you.

blamingthedevil:
Back up your conclusion with Data not hearsays

Bro, you are funny, I must say. Like seriously, a government scoring itself is all you have to present?
Given your stance that the late Buhari was the best thing to happen to Nigeria, should Nigeria still be at this stage? Karma will judge you all.

Still, living conditions are getting worse, the poverty rate is increasing, and basic necessities are now considered luxuries, how come?