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Nairaland Forum / Nairaland / General / Politics / Generating Companies threaten shutdown as debt rises to N3.7b (5305 Views)
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Generating Companies threaten shutdown as debt rises to N3.7b by HenryThegreat1(m): 4:42am On Jun 03 |
Power generation companies have declared that the sector’s indebtedness to companies that produce electricity is now N3.7tn and that this is a threat to further electricity production. https://punchng.com/?p=1632934&fbclid=IwZXh0bgNhZW0CMTEAAR1Nvn62vEXp6Qq2wBQ3yizKwRinQvSG9tAxbj2um8xT3hc5_1UtEVwNfKw_aem_ATp0h4qnPNi9kncqLYt3Wk_PBAuPHm1G9kK8uOT4WtFNUa7rnq2nvVtQGONCD8PzMfdOzY03NZpuYPRLZ9b4NcCh 3 Likes 2 Shares
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Re: Generating Companies threaten shutdown as debt rises to N3.7b by Deltafirstson(m): 4:43am On Jun 03 |
The Federal Government's mismanagement of the power sector has led to a crippling debt of N2 trillion owed to GenCos, threatening the collapse of power generation in Nigeria. Despite promises of reform, the government's lack of a clear payment plan and reliance on promissory notes have failed to address the liquidity crisis. The sector's woes are further compounded by forex volatility, inflation, and an unfriendly investment climate. The government's inaction imperils the entire power value chain, leaving Nigerians to suffer the consequences of its incompetence. 5 Likes 1 Share |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by nedu666: 4:48am On Jun 03 |
You distributed 10% of electricity needs, you collect 10% revenue. No money to pay for darkness. Chikena 18 Likes |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by ironheart(m): 5:15am On Jun 03 |
These genco thinks increasing tariff will solve there issues, the people they are sayin are in band A already done there maths, they are switching to solar power. 20 Likes 1 Share |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by whytediamond(m): 6:13am On Jun 03 |
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Re: Generating Companies threaten shutdown as debt rises to N3.7b by bukhety(f): 6:14am On Jun 03 |
Audio debt with crazy bill? Why not give everyone prepaid meter and see if truly you were owned! 11 Likes |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by tete7000(m): 6:15am On Jun 03 |
When the invoice don't reflect what people use. Disco were urged to install prepaid meter for everyone they refused, yet they expect consumers to pay outrageous bills they give to them in full. 14 Likes |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by atobs4real(m): 6:16am On Jun 03 |
Cry and die 7 Likes |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by atobs4real(m): 6:16am On Jun 03 |
Cry and die Fraud gencos 6 Likes |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by Ahmed0336(m): 6:21am On Jun 03 |
Provide pre paid meters These people are never honest. 11 Likes |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by travelzcruix: 6:22am On Jun 03 |
Debt everywhere, gbese kingdom. if them owe u for Naija, write am off as charity, continue business. 5 Likes |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by Lithiumite: 6:31am On Jun 03 |
Ahmed0336: Gencos are not the ones to provide you pre paid meters,it's the responsibility of discos 1 Like |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by Ahmed0336(m): 6:32am On Jun 03 |
Lithiumite:I am aware of that. |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by skywalker240(m): 6:32am On Jun 03 |
Were are the surplus prepaid meters 2 Likes |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by EmeldaSmiths: 6:55am On Jun 03 |
No light in my house and you are crying for bill. 4 Likes |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by udemzyudex(m): 7:05am On Jun 03 |
I believe overestimated bill is among the debt right? 3 Likes |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by Moneyyman: 7:07am On Jun 03 |
Maybe they should begin with their officers who receive payment from customers with their private accounts and, in most cases, remit only a portion of the sum. 4 Likes |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by stamapro(m): 7:16am On Jun 03 |
Until this govt is serious things will keep getting out of hand. Governance is serious business not fun fare as some expired minds envisaged. Emilokon indeed 4 Likes |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by RepoMan007: 7:18am On Jun 03 |
Lol. What is the power being used for. 1 Like |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by Algold: 7:19am On Jun 03 |
是醋無異 In short, How do you arrive at such debt. Rephrase "Band A owning us 3.trillions cause we in band F can't smell light |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by Jamie248: 7:33am On Jun 03 |
Adebayo Adelabu is a dunce |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by temitopeking(m): 7:39am On Jun 03 |
I will say it again here, Discos are major problem, there cheating is too much, they cheat Gencos and citizens. 2 Likes |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by owelle22(m): 7:50am On Jun 03 |
Abeg contact us for your inverters & Solar systems for 24/7 energy. My contact is on the signature |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by benjaminlawson(m): 7:52am On Jun 03 |
When you continue to bring crazy estimated bills to people, and you expect them to pay for what they did not consumed, this a delusionary expectation. What people consumed is what they pay you, better get this fact, and that is why you people discouraged easy accessibility to prepaid meters, so that you can continue to exploit them. You may continue to record your imaginary debt in your books. 1 Like |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by NaijaVietnamese: 7:59am On Jun 03 |
So, this is how Nigeria finally collapsed? |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by Benwems(m): 8:10am On Jun 03 |
Nigerians are looking for prepaid meters to enable them bypass paying electric bills. Give them meters and they will pay only 1,000-2,000 per month as against the 4,000-10,000 per month on estimated bill. Minewhile in reality they consume around 8,000 - 20,000 pee month(those using AC, Bore hole, etc) 1 Like |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by membranus: 8:10am On Jun 03 |
This big grammar serves no purpose. Who and who are owing the huge debt, is it the FG or are they the DISCOS? And how much are these sectors owing individually and what are the mode of collection? That's all we want to know. 1 Like |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by CorrectionFLuid: 8:22am On Jun 03 |
nedu666: Itibolibo. The post clearly says gencos. You dey shout distribution. |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by CorrectionFLuid: 8:27am On Jun 03 |
benjaminlawson: Itibolibo |
Re: Generating Companies threaten shutdown as debt rises to N3.7b by veekid(m): 1:42pm On Jun 03 |
Fvck y'all gencos, Fvck the transmission, Fvck the discos too, and to all bodies forming privatised power sector; Fvck y'all too and to supporters of these fruitlessly useless administration; Fvck you too |
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