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Nairaland Forum / Nairaland / General / Politics / Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? (53052 Views)
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Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by kuntash: 11:10am On Apr 04 |
aieromon: Looking at all you wrote down so , and wearing the cap of an average Nigerian today , pls be sincere are you sure you made sense ? Can you please let me know any country in the world today that doesn't subsidize anything? Even Switzerland? 1 Like |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by okeke6969: 11:21am On Apr 04 |
mrvitalis: Seriously? Definitely you are typing from mars. |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by heniford2: 11:41am On Apr 04 |
Cromagnon:Sabi the will be working in evening now and early morning abi 🤣🫣😜😜 dey dia and Sundays too abi |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by Menclothing1: 11:45am On Apr 04 |
Band A users weldone Why can’t private investors come to power like communications sector A whole lot of bypass |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by tundebasic(m): 11:50am On Apr 04 |
mrvitalis:I've read so many comments from you today, and I'm awestruck! 1. Electricity is not a human right? Well, while it may not be a fundamental human right, it is a derived human right. 2. Electricity is not needed for development? So, can you tell us what is needed for development? According to Forbes: A lack of energy in the form of electricity fundamentally restricts the development of many countries. Access to electricity reduces poverty, increases opportunity, and improves health, productivity and living standards. So, how do you think we can reduce poverty, increase job creation and opportunities, and improve health care, and living standards without electricity? 3. You are separating access to electricity from electricity itself. I believe they are the same. 4. Nigeria is one of the countries with cheapest electricity in Africa as at 2023 (top 10 at $0.03 USD), but now in 2024, we are among the top 20 costliest country in Africa with this new tariff (at $0.15 USD). In your own opinion, what justifies this increase? 1 Like |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by tundebasic(m): 11:54am On Apr 04 |
Zxcvbnmghtr:The problem is not [for] existing factories. People keep making that mistake. The problem is for upcoming factories or people who were planning to start new production lines. The costs of manufacturing and production just increased. |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by miketayo(m): 12:12pm On Apr 04 |
mrvitalis: Who said anything about being free? Monthly bills should not be more than minimum wage. |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by Nuzo1(m): 12:28pm On Apr 04 |
mrvitalis: I didn’t mistaken anything when I countered the argument that development does not require electricity. Now that you have agreed with me, let’s talk about your latest argument that we don’t need national grid to power our industries. Another unrealistic approach. I said for years, I lived and experienced development in Asia and slightly Europe. For Asia, especially China, Singapore and Hong Kong; they subsidized electricity for any willing investor in heavy industries. I saw it first hand. I visited and transacted businesses with these mega factories. Non generated their own power. Even up till now. How are start ups and even heavy and high tech industries supposed to be burdened with production and at the same time generating electricity which is a big deal. CNG is good but not that affordable in terms of massive production. This is not about politics and alliances. For Nigeria to develop and try to catch up with developed economies, government needs to provide cheap and stable electricity. Telling people to provide their own power through cng is not realistic. |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by mrvitalis(m): 12:30pm On Apr 04 |
Nuzo1:You want to compare CNG cost to national grid cost? |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by StarRida: 12:31pm On Apr 04 |
aieromon:small business as you stipulated spends ₦178,000 how much is this small business making in a month if I may ask you people will just be writing rubbish because you have access to phone |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by mrvitalis(m): 12:32pm On Apr 04 |
tundebasic:Do Nigerians lack electricity? What stops you from getting electricity? $15k can give a household 24/7 electricity for 20 years none stop |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by tundebasic(m): 12:58pm On Apr 04 |
mrvitalis:Do Nigerians have electricity? Abi what have we been clamoring about since? So, a country of 200 million people generating less than 7000 mega watts has electricity? In comparison, Angola generates over 1 giga watts? Do you know my income as a Nigerian? If I earn 120k monthly, at the current exchange rate, $15k is around 18 million NGN. It'll take me 15 years to raise it. |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by sharone21(f): 1:09pm On Apr 04 |
BabaRamota1980: Who employed them in the 1st place to qualify for minimum wage, unless mostly from self sweat. |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by mrvitalis(m): 2:28pm On Apr 04 |
tundebasic:If u earn 120k u can't afford 24 hours electricity anywhere |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by Donaldoni: 2:32pm On Apr 04 |
socialmediaman: Nigerians DO NOT DEPEND on salary. You guys no dey hear word ![]() |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by Donaldoni: 2:35pm On Apr 04 |
socialmediaman: I enjoy near 24 hours power supply. At the old rate I was doing 5k - 7k monthly. At the new rate, I will be doing 15k - 21k monthly. |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by Rejoice28(f): 3:41pm On Apr 04 |
Friends Jesus Christ loves y'all and he want you to accept him as your personal lord and saviour by giving your life to Christ, believing in him and repenting of your sins.remember tomorrow might be too late. Shalom |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by Yenitemidot: 4:05pm On Apr 04 |
If u know the Value of Economy . If 1 dollar is 1 Naira as it is suppose to be.... How much will be 137 £ when saying that ur yeye talk |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by Ozommadu: 4:17pm On Apr 04 |
Zxcvbnmghtr: Get a life |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by Lomprico2: 4:21pm On Apr 04 |
Dialpad: You know I won't do that, you won't either but your papa! |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by tundebasic(m): 4:26pm On Apr 04 |
mrvitalis:In essence, you are telling me that 4x the minimum wage in my country is not enough to provide me with stable electricity 🔌. Can you tell me any other country in the world where 4x of their minimum wage is not enough to pay for basic electricity usage? 1 Like |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by mrvitalis(m): 4:33pm On Apr 04 |
tundebasic:Exactly your problems is economical hold your leaders accountable What Nigerians should get after is increasing productivity, GDP so that earnings can grow If we can grow GDP per capita to mere $7500 Electricity would become more affordable and to do that we don't need electricity What we need is access to credit, access to gas to power industry, good economic policy to favor exports Allow free importation of raw materials n machines You as an individual don't need 24/7 electricity just like u don't need car or fancy apartments |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by Cti28(m): 4:48pm On Apr 04 |
socialmediaman:Your analysis is flowed. Is $137 and #178000 the same thing? 1 Like |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by Great2017: 4:51pm On Apr 04 |
aieromon: |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by Great2017: 4:53pm On Apr 04 |
aieromon: What percentage of the users' income does this amount to? Can you then juxtapose this percentage to what is obtainable in other countries that pay as much as that? From whatever result you have, is the new price template affordable and sustainable? A person that earns over N2M in a month and pays N200K (America Case) for electricity is far better than the person that earns N50K and pays N130K ( Nigeria Case). As a matter of fact, the latter would need to borrow to be able to make payment. Electricity supply that is not affordable is not cheap. |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by tundebasic(m): 5:03pm On Apr 04 |
mrvitalis:You tried, and I see what you mean. However, you still don't get it do you? So, I went to a friend's company that manufactures animal feed recently. Using your analogy, he has 50kva generator, and other machines. Now, for starters (at current prices), let's say 50 kva is 4.9 m, He pays 3 m for rent, raw material (corn is 540 k per ton), the milling machine itself is about 9 m now. Funny enough, his target was to make a measly 300k monthly profit! Note: obviously, he needs to buy more than 1 ton of corn and other materials or inputs to make 300k profit monthly. Now already, the above sums above 17 million naira for a company targeting 300k monthly profit. Funny enough, the costs of daily diesel consumption has not been added. Cost of acquiring gen alone is almost 30% of the total cost for starting the factory?! I get you, but for a low income country like Nigeria, we still largely need stable and subsidized electricity to boost productivity. 1 Like |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by darediamond(m): 5:20pm On Apr 04 |
socialmediaman:Wetin concern me and My 4 KILOWATTS Solar Panels, MPPT Controllers, AIR DC C.BREAKERS, 48V Lithium Phosphate Battery Set and 6KW BY 6KW Pure Sine Wave 48V Inverter with Private Families Group Generated Electricity When The Daily Sunshine Is Free For Usage?? 1 Like 1 Share |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by mrvitalis(m): 5:30pm On Apr 04 |
tundebasic:First your friends would be better using CNG to power his 50kva generator than using Nepa and paying 240per kWh He can off the gen when it's not needed zero downtime If your friend can set up a feed mill trust me getting gen, CNG won't be an issue Ask your friend for me how many kg of his feed can get a chicken to 3kg in 7 weeks let's see if we can do business |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by tundebasic(m): 5:32pm On Apr 04 |
mrvitalis:Alright. I'll do and give you a feedback. |
Re: Are You Willing To Pay N178,000 Monthly For A 24-hour Electricity Supply? by monex(m): 6:06pm On Apr 04 |
aieromon: once you factor in economies of scale e.g. a 500-apartment estate, you will see why diesel is actual cheaper than PHCN |
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