Kasssandra:


And at the end the people offering the basic services wont be able to pay for upgrades, maintenance, expansion because price controls limits the profit they can make and in extreme cases pushes them into loss.

Assuming you were a baker and baking bread at 800 naira a loaf to sell at 1200 a loaf. Govt steps in , declares bread a basic commodity and tells you to sell it at 400 naira..
Something that cost you 800 to bake

Would you agree?

Most of the GSM companies use diesel to run the generators that power their base stations. Diesel prices have risen drastically this year. How do you expect them to pay for the diesel? Price increases. Among other things like upgrades (mtn is talking about 5g . That is an upgrade that needs money to implement). Note that goverment is not paying them a kobo, and even increasing taxes for them self.

Thanks to price controls in the oil and power sector we have 4 bad refineries and a bad power sector and waste billions importing fuel. And more billions get lost to smuggling. We could have spent less if we had simply eliminated price controls in both sectors.


At the end, people, including those providing a basic service, want to be paid and also want to have enough money to offer better services

Back to your bakery. Your head baker has just informed you that thebakery needs a new oven. How you gonna pay forit since you are losing money for every loaf you bake ?

Kasssandra:


And at the end the people offering the basic services wont be able to pay for upgrades, maintenance, expansion because price controls limits the profit they can make and in extreme cases pushes them into loss.

Assuming you were a baker and baking bread at 800 naira a loaf to sell at 1200 a loaf. Govt steps in , declares bread a basic commodity and tells you to sell it at 400 naira..
Something that cost you 800 to bake

Would you agree?

Most of the GSM companies use diesel to run the generators that power their base stations. Diesel prices have risen drastically this year. How do you expect them to pay for the diesel? Price increases. Among other things like upgrades (mtn is talking about 5g . That is an upgrade that needs money to implement). Note that goverment is not paying them a kobo, and even increasing taxes for them self.

Thanks to price controls in the oil and power sector we have 4 bad refineries and a bad power sector and waste billions importing fuel. And more billions get lost to smuggling. We could have spent less if we had simply eliminated price controls in both sectors.


At the end, people, including those providing a basic service, want to be paid and also want to have enough money to offer better services

Back to your bakery. Your head baker has just informed you that thebakery needs a new oven. How you gonna pay forit since you are losing money for every loaf you bake ?

PerfectStranger:
1.5gb that use to be sold for #500 now goes for #550 for mtn. Every damn thing is on a high side yet income isn’t increasing.

Only thing that is not adding price in Nigeria is wee.d.

Akfrenzy:


Oga weed don put money oooooo

Nice kpoli of 200h is now 400h

jeff1993:
The day they will increase price of weed ehn .. na dat day dem.go enter my wahala.

JASONjnr:
The increase is unbearable and adding to the existing hardship.....

Buhari is a total disaster..... APC is the devil behind Buhari's disastrous administration.

The reverse is a welcome development and I hope this isn't the mighty works of this government that Lai Moh was giving appraisal to?

JASONjnr:
The increase is unbearable and adding to the existing hardship.....

Buhari is a total disaster..... APC is the devil behind Buhari's disastrous administration.

The reverse is a welcome development and I hope this isn't the mighty works of this government that Lai Moh was giving appraisal to?

PerfectStranger:
1.5gb that use to be sold for #500 now goes for #550 for mtn. Every damn thing is on a high side yet income isn’t increasing.

Only thing that is not adding price in Nigeria is wee.d.

Minjim:





Governments do not just wake up and set price. They consult stakeholders before arriving at a common ground. Some of them run bizs too.

Moreover, there has always been price control in the internet service.
Why do you think it hard to differentiate between data they provide? The way out for them is to give data disguised as bonus

PerfectStranger:
1.5gb that use to be sold for #500 now goes for #550 for mtn. Every damn thing is on a high side yet income isn’t increasing.

Only thing that is not adding price in Nigeria is wee.d.

Kasssandra:


Yes, and the price control is still bad. (I am aware of the price regulation in the interent service)

You know, this GSM...when it first came, they were charging high prices all over. People complained from morning to night. But they used the hefty profit to build up our current phone and interent service.

And the sad thing is that all them nice equipment that runs our telephony and internet networlks are imported...meaning they are expensive.

At the end, price controls limit the profit them companies can make.

For a fine example as to how price controls have wrecked something...see our refineries. Because we don't sell fuel at a profit...but at a government controlled price, and have been doing so for years...we have broken down refinereis, and free money leading to massive corruption and stealing.

Meanwhile...Niger Republic is poorer than us, yet have a functioning refinery because they don't sell fuel there at a cheap price of N173 OR even at N40. And then there is Venezuela that sells petrol at N40 per liter for over 20 years, and has a collapsed refinery , or Iran that does same, and while the refinereis work, their national debt is 420 bn dollars...as at 2020, compared to ours that was 70 bn at the same time.

I don't like price controls, not because I have some interest in being tortured by the evil capitalists (and I am a socialist at heart, who even thinks that we should have price controls for things like bread, and rice...when I am being too idealistic) but because people love to make money...from the big capitalist to the workers, and because things cost a lot of money. If we had a situation where we could make stuff like petrol and even equuipment for GSM at next to nothing...maybe we can excuse selling data and suchlike at cheap prices.

BreconHills:


There is actually no logic in what you have just written.

1. The increase is bad
2. The reversal of the increase is welcome
3. The people that ordered the reversal are devils snd disasters.

Get a grip on yourself man!

COMPAQ:


What increase is unbearable!? Nigeria mobile data is one of the cheapest in the world!

JASONjnr:


Try and go back to school... ASUU just resumed lectures....


There was an increase by 10% ....which was bad and made life difficult for those consuming data on a daily....Then the FG ordered that the people who made the increase to reverse it and I appreciate that....

If you're having issues understanding a thing....I will ask you to return back to your cave.....You have no reason to be found using the internet....

gracealonev:
The data tariff increase no even pain me as the fraud being committed by Airtel and MTN by the way they zap your data. 1G today is like 150MB 1 year ago.

BreconHills:


Ok so after appreciating it,you still found the people that reversed it devilish. How you make peace with that contradiction is baffling.
Whenever I see someone resorting to insults I see desperation and flailing hands trying to suck the person into a wrestling match.

I really don't have the time for that.

JASONjnr:


Wait....

If you hate someone, you hate everything about them and whatever they do can't be appreciated?

That's witchcraft.....

The government needs a change and the party will be change in totality....

Will never have me hate even those who do good under the party....I am not losing my conscience and goodwill over politics.

JASONjnr:


Simply because you have a tiny brain and I hateful heart...You couldn't see good in what is good...

You don't expect me to write in details for you to be able to read and understand as if I am writing to a nursery kid....

JASONjnr:



And so?


Can't we reduce it? Because a thing is the cheapest and we should keep increasing it?


You have this slave mentally and I hope you don't pass it on to your children....so they don't go about preaching this same nonsense to other kids ...

COMPAQ:


Which one is slave mentality!! I'm a realist not a sentimentalist. I am constantly thinking how to make more money and invest wisely for the future. Not wishing for things to become cheaper and for Nigeria to go back to how it was in 1975! Those days are gone and ain't coming back.

Even in America there is normal gradual inflation, even if its 1%. What $10,000 will buy you in 1975 America, you'll need like $18,000 today!!

My father told me long ago that never pray for the price of things to come down, but rather pray that you will always be able to afford it! And that's my mantra.

So between the two of us, its clear I'm the one who has something reasonable to pass on to my kids, while you will likely pass on your same poverty mentality!!

BreconHills:


Writing is about your audience not about you. If it is about you, write in your journal and keep it on your desk. You probably thought you had written what your thoughts were. But you didn't. Thoughts can do that. Show what you wrote to five people and ask them if you weren't talking down the government or the President. It is well with you.