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Nairaland Forum / Nairaland / General / Politics / Improved Power Supply Cuts Energy Cost 25% In Nigeria (6332 Views)
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Improved Power Supply Cuts Energy Cost 25% In Nigeria by Justcash(m): 3:27am On Sep 30, 2011 |
Improved power supply cuts energy cost 25% Homes affirm development Public power supply to factories and homes across the country has improved vastly and business leaders say they have seen up to twenty per cent drop in their energy cost which in some firms could be as much as a quarter of the total cost of doing business. Streets and neighbourhoods in Lagos have become noisier in the day as small businesses like welders, tailors and motor repair shops, take on new life of heightened activity, energised by a surprise improvement in power supply by the Power Holding Company of Nigeria (PHCN). Petrol station attendants complain they are selling less diesel, with a drop in the tips they get from diesel buyers, and generator engineers are hoping it is just a dream that will go away soon. “It is like everyday we are waking up in a new country, a new city,” says Chike Ahamba, a small business owner in the Apapa area of Lagos, who runs two generators at his office. “At home and at the office, we are spending less on diesel and we are able to sleep at home without the noise of a running generator.” Leading economist and chief executive officer, Financial Derivatives Company, Bismarck Rewane, told BusinessDay that increase in power means improvement in productivity, and that translates into better incomes. “Anyhow you look at it, it is all positive for the economy”, he added. Our investigation showed that on the back of the increase in electricity generation, Lagos now gets a supply of up to 1,100 mw on good days, from a low of 500 mw, in the very dark days three months ago. Muda Yusuf, director- general of the Lagos Chamber of Commerce and Industry (LCCI) said the chamber has received reports of improved power supply in some locations “and the impact definitely has been positive. “Our members confirm that reliance on diesel for electricity generation has declined in the last month, at least. If the trend is sustained, it would result in moderation in the operating cost for many firms.” Reginald Odia, chairman, Electrical Group, of the Manufacturers Association of Nigeria and managing director of Benet Industries Ltd, producers of light sheeting and electrical accessories, also acknowledged that there had been some improvement in power supply from PHCN but noted that the benefit of this will not be felt yet at major manufacturing plants, simply because many have since switched off from the grid. Said he: “Only commercial and residential consumers are benefitting from the current improvement in the level of power supply. Although there has been improvement, the fear of unannounced power cut by PHCN remains a problem for manufacturers because this inconsistency in power supply makes most manufacturing firms to depend on only private power generation.” Duro Kuteyi, chairman, Nigerian Association of Small Scale Industries (NASSI) and CEO Spectra Industries Limited, said while the volume of diesel consumed has reduced because of improvement in power supply, the sharp rise in the price of diesel has virtually wiped away the benefit. Ausbeth Ajagu, president, Academy for Entrepreneurial Studies, Nigeria, said: “The level of power supply has improved. We currently enjoy power supply for a total of 12 to 14 hours daily and this is helping to reduce our diesel consumption significantly.” At Betterlife Water Resources Limited, Festac Town Lagos, an official said they spent over N1 million on diesel monthly during the bad days of PHCN but that the company now spends N600,000, a 40 per cent drop . For Lydia David, executive director at the Oregun based Edelyn Nigeria Limited, makers of Edelyn Shirts, power supply has also improved, forcing down their monthly diesel expense from N52, 000 to just over N13, 000. LanreTalabi, executive chairman of Talon Nigeria Limited, a fishing company in Ilaro, Ogun State, told BusinessDay that his company is now reaping a 60 per cent drop in the cost of running its generators. In Festac Town, a middle class settlement, the story is the same and, according to Nwaneka Chikwendu, a housewife, “The part of Festac where I live has been having regular power supply lately. It is like a miracle”. In Kano the industrial hub of northern Nigeria, power supply has risen to about 200 mw, up from the old level of 50-100 mw, although Kano will need about 350MW to be fully supplied. Similarly, Mark Oboh, a Barbing Salon operator in the down town District of Sabon- Gari, also confirmed that the electricity supply in his area had improved. He said the improvement was a big boost for his operation, but appealed to the federal government to ensure that the improvement is sustained. “I am happy now with what is happening to PHCN. In recent times, electricity supply in our area has drastically improved. We are only hoping it will be sustained”. However, John Aluya, Chairman of the Apapa branch of MAN and managing director of Crystal Glass Nigeria Ltd, said, :”The time is too short for us to put a figure on the amount we spend on diesel to power our generating set but there has been a slight improvement in power supply”. According to Yusuf, “impact on capacity utilisation can only be perceptible if the improvement in power is sustained. Sustainability is always an issue. If this happens, the prospects for job creation in the economy would be bright,” Yusuf added. Source: http://www.businessdayonline.com/NG/index.php/news/76-hot-topic/27986-improved-power-supply-cuts-energy-cost-25 |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by Relax101(m): 3:34am On Sep 30, 2011 |
You see what GEJ is doing? It is not like talking about kill kill kill. He said it I am not a general, lion or scorpion. lol Credits must go to Nnaji too. He's done wonderfully well but more still needs to be done too. |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by Beaf: 3:40am On Sep 30, 2011 |
^ All the lions couldn't give the people electricity. They simply "lionised" the money. Look what GEJ is achieving in a few short months. Yes, we must also give credit to Barth Nnaji too. |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by Johndoe100(m): 3:48am On Sep 30, 2011 |
This is whay we want. A government that will actually do somthing positive for the people. Not some demented military man who will just make things worse. We must al join hand to assist GEJ to further actualize his transformation agenda. |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by Beaf: 3:51am On Sep 30, 2011 |
For Lydia David, executive director at the Oregun based Edelyn Nigeria Limited, makers of Edelyn Shirts, power supply has also improved, forcing down their monthly diesel expense from N52, 000 to just over N13, 000. Incredible progress and a very measurable benefit. By the Power of God, we will hit 24/7 power supply before 2015 or thereabouts. |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by Relax101(m): 3:55am On Sep 30, 2011 |
Johndoe100: That's what I really dont understand. |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by Jeboy(m): 5:04am On Sep 30, 2011 |
haters of gej like retarded dayokanu and d likes of jokobunkie shld come and discredit dis report |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by Onlytruth(m): 5:46am On Sep 30, 2011 |
Posted by: Beaf
hehehe! Beaf you no go kill me abeg. ![]() ![]() I hear you bro. The fact is that Nigerians have become warped in thinking with the "kill and go" men having held sway for far too long. So, they would need time to adjust to the civil and decent style of leadership. Good job GEJ! ![]() |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by Onlytruth(m): 5:53am On Sep 30, 2011 |
Let me say this early enough. Nnaji must keep this job for at least 7 years for his plans to become irreversible. This is part of why power must stay in the South for at least 12 more years. The damage would take time to fix. These are damages rendered over a 40 year period. I don't want tomorrow they'll bring another "world class engineer" (paper engineers) to come and set us back again. |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by Jakumo(m): 6:25am On Sep 30, 2011 |
With this dramatic improvement in Nigeria's grid electrical power supply, President Johnny B. Goode has GUARANTEED himself a second term in office. The simple fact is that the availability of electrical power from a functioning national grid saves vast sums of money, by minimizing and then completely eliminating the need for costly generator acquisition, fuel and maintenance. Electrical power on demand creates far more jobs in the industrial and corporate sector than any other relevant variable worthy of consideration. The creation of jobs DIRECTLY reduces crime, since many of those on the wrong side of the law are there out of sheer desperation - resultant from years of unemployment and poverty. In short, the revival of Nigeria's economy is well under way as we speak, and history will record that the architect of this modern African renaissance is none other than the man of the hour, Nigeria's present and future president, Jonathan Goodluck. Go Johnny go ! |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by Johnpaul2k2(m): 7:16am On Sep 30, 2011 |
WHERE IS ALL THESE ARMAJIRIS IN NL HERE ![]() ![]() ![]() ![]() ![]() ![]() COME AND DEFEND YOUR STUPI.D SELF ![]() ![]() ![]() ![]() |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by wesley80(m): 7:41am On Sep 30, 2011 |
^^^ Vultures only gather when there's a carcass to feed on. |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by Nobody: 8:39am On Sep 30, 2011 |
good one by GEJ. Prof. Nnaji, has also done a very good job. Power supply in benin is jst wonderful, on a good day we get 4 days straight of uninterupted power supply. I doubt if residents in benin even have generators. It's the prepaid meter that is used here in benin, once your credit finishes, your light goes off. You don't see nepa guys, going around with ladders from home to home in benin. You can't cheat it, and no one cheats you, with these prepaid meters |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by frenchman2: 8:41am On Sep 30, 2011 |
SABOTEURS, yes govt shouldn't forget they exist. filling stations selling less diesel = low turnover generator repairers, less work for them generator importers, low sales list is endless just wondering what steps the govt has taken to avert sabotage. |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by MrGlobe(m): 9:00am On Sep 30, 2011 |
I see the neighbor to neighbor members who insist on fixing nigeria's problem through the pages of newspapers are having a party here. Rejoicing at speculated increase in power that usually occurs during seasonal water volume changes in dams. Like this is the fiirst time people have noticed this increase and by the way, no light for here oh. Smh at this piece of limted, sponsored and non-investigative journalism by a street newspaper.anyway, nigerians are easily decieveded |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by Beaf: 9:05am On Sep 30, 2011 |
Mr. Globe: As usual we have the tiny headed type that pass for intellectuals on NL. Would you be so kind to tell us how much electricity is generated by dams as compared to what is generated by gas turbines. The answer will show how terribly foolish your post is. I challenge you to seek those figures and post them, if shame no go catch you. |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by omosexy1: 9:17am On Sep 30, 2011 |
I agree with Mr. Globe. We are still witnessing increase rain fall which results to increase water level in the dams. Lets wait till December to actually ascertain the change. Though kudos must go to Prof. Nnaji regardless of the saboteurs he faces on a regular basis. He hasn't even started working, just a little pressure on corrupt PHCN workers who have been putting the country in darkness and embezzling so much money. |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by Beaf: 9:18am On Sep 30, 2011 |
omosexy1: Another dunce. |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by MrGlobe(m): 9:20am On Sep 30, 2011 |
^^ I dont even have your time. You are just a one direction follower. Funny how a laptop, internet connection and some handouts will buy an old man like you over to represent the president on a forum. You don't even want it with me. Its only when you are bought over that you will not know dams are major sources of power in this country. Even primary school pupils get that basic knowlegde and water bodies in the country has been overflowing this year; the lagos flooding, the story on frontpage about river niger submerging villages etc. Man I don't have your time, I gotta face my work. You have been roboted to be bias here so never have any other option. |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by Beaf: 9:21am On Sep 30, 2011 |
^ I posted this as a thread elsewhere. Can one of you id!ots look at the breakdown below and tell us how much is from dams? Or does rain now pipe gas into power stations like Egbin and spin the turbines? Some of you are so daft its a mystery. I really abhor people who open their mouths to speak, only to talk absolute nonsense. ![]() Bunch of cretins who enjoy bad news like winshes. ![]() [size=14pt]Power supply improves on 4300mw generation[/size] . |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by Jeboy(m): 9:41am On Sep 30, 2011 |
Dont mind them beef, they will never agree that GEJ govt is trying. Even when it is obvious, they re giving only Nnaji d credits. Who appoints Nnaji and gave him all d required support. We will have to deport some folks to Ghana as we make far reaching progress in this our great country called Nigeria. |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by iykak47: 9:41am On Sep 30, 2011 |
(One blinddd man said he would always speak the truth after all he doesnt look at anybody's face ![]() ![]() |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by 4llerbuntu(m): 9:46am On Sep 30, 2011 |
used to be that the power improved, now i have like 6 hrs of power daily. so forgive me if i take this thread with a pinch of salt. what i find weird is the self congratulation. i think i should employ people to advertise me whenever i do my job too!!! anyway, on 1st october, i am fully expecting to have 22 hrs of power supply, then the very next day it disappears again, GEJnomically. bootlickers |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by dagboss(m): 9:51am On Sep 30, 2011 |
I am definitely not going to join this hasty Hossana song in praising GEJ and or Bart Nnaji on the hailed improvement in power supply. I live in Ayobo Lagos abi is Ayobo not part of Nigeria? My people never see the improvement o. We still make do with our one day on one day off an arrangement that has never been respected, but i do not know of other areas o before i am tagged as one of the haters of good news o |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by MrGlobe(m): 9:54am On Sep 30, 2011 |
Hater of good news, fire. When people never see light? @beaf, man just try and increase your mental capacity. You sound de.mented. Now its obvious you don't even know what is a dam. From your post, kanji, from 70mw to a whopping 268, shiroro and the rest. Its obvious you dont even know what is a dam in the first place. And then, only street newspaper - businessday is reporting this and you - the nairaland representative of neighbor to neighbor - has a tab on these sponsored stories. Lmao. Man you don't want it with me. I know you are doing you day job, but sometimes it better to STFU. |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by mcdonaldugochukwu(m): 9:59am On Sep 30, 2011 |
i dont think dat d power sector hav improve cos it is still epileptic |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by Jeboy(m): 10:00am On Sep 30, 2011 |
Dont mind them beef, they will never agree that GEJ govt is trying. Even when it is obvious, they re giving only Nnaji d credits. Who appoints Nnaji and gave him all d required support. We will have to deport some folks to Ghana as we make far reaching progress in this our great country called Nigeria. |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by Beaf: 10:03am On Sep 30, 2011 |
^ Lol! Dude, they are like very bad winshes! ![]() Mr. Globe: Dunce. Add the output from Kainji and your beloved Shiroro, then subtract the amount from 4,300. Mumu. |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by MrGlobe(m): 10:11am On Sep 30, 2011 |
^ id.iot, so kanji and shiroro are the only dams in Nigeria. Mu-mu. I bet you don't like your life like this. If only you were smart, you could have gotten a decent job and not stanning any post with jonathan and you have not been able to convince the people here that work is going on in the power sector so your job is in the line, Lol |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by Beaf: 10:19am On Sep 30, 2011 |
Mr. Globe: Ok, add up all the dams you know, you can even include some from Cameroon if you like. When you finish, tell NL what percentage of power they amount to in 4,300MW. People that like telling lies and spreading bad news as if they "fly" in the night like winshes sha. ![]() Bone-headed akpa! ![]() ![]() ![]() ![]() |
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by kosire(m): 10:22am On Sep 30, 2011 |
what gej nid 4rm us is jxt praya. He is nw doin it tank God. In ikpoba hill benin city we nw enjoy electricity 24/7 tanx 2 d unrelentles work of Gej and nnaji
|
Re: Improved Power Supply Cuts Energy Cost 25% In Nigeria by MrGlobe(m): 10:34am On Sep 30, 2011 |
^ 24/7? Haba! I thought this was a forum for mature people. Its obvious this is beaf with multiple accounts. Anyway I shouldn't count the number of dams in nigeria for you. Am a busy man and I have work to do. Just report to office and have them contact the ministry of power to tell you how many dams in nigeria and also tell you dams are major sources of power in Nigeria. The point is this article is sponsored and nigerians dont have light. So am trying to bring the truth to this publicity stunt before nigerians who are easily decieved will go about celebrating light even when they dont see it. Smh. |
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