Spy360:

Like people have said here, it's clearly banter because I was not in support of the Oba of Illorin bowing to the Emir. My post clearly stated they should stand up . It's a good message.

nihilistjnr:


Government really should not be involved in running the power sector. That sector should be fully deregulated.
The main problem is that Nigerians cannot afford power if they had to pay actual price
Here in the UK, it came out last week that energy companies were breaking into their customer's houses to forcibly install prepayment meters, due to the large number of defaults on energy payments

https://www.thetimes.co.uk/article/british-gas-prepayment-meter-debt-energy-bills-investigation-wrgnzt6xs

This is why FG is still involved in a sector that it cannot hope to realistically manage - to try and keep prices down for customers. Even at that FG is struggling to pay Power Generation companies - as at November, FG was owing 1.6 TRILLION naira to GenCos
https://www.vanguardngr.com/2022/11/electricity-gencos-face-liquidity-crisis-receive-57-invoice/

If FG should deregulate the sector in it's entirety, power issues would probably be completely fixed within 4-5 years...but when you have to pay 100k monthly electric bill, can you cope?

izzou:


But the man is right. Any body that hopes to change the lives of Nigerians must fix the power sector completely

The Manufacturing industry depends 99% on diesel. If they had electricity, that cost would be halved or even removed entirely.

NRC have said that the rails are running on a total loss; I can't doubt that because all are diesel powered.

Imagine paying 4000 from Lagos-Ibadan by rail, and still use 2 hours plus on the journey. Where is the economic sense in that?

Steady power is our very first step to a better economy

nihilistjnr:


Government really should not be involved in running the power sector. That sector should be fully deregulated.
The main problem is that Nigerians cannot afford power if they had to pay actual price.
Here in the UK, it came out last week that energy companies were breaking into their customer's houses to forcibly install prepayment meters, due to the large number of defaults on energy payments

https://www.thetimes.co.uk/article/british-gas-prepayment-meter-debt-energy-bills-investigation-wrgnzt6xs

This is why FG is still involved in a sector that it cannot hope to realistically manage - to try and keep prices down for customers. Even at that FG is struggling to pay Power Generation companies - as at November, FG was owing 1.6 TRILLION naira to GenCos
https://www.vanguardngr.com/2022/11/electricity-gencos-face-liquidity-crisis-receive-57-invoice/

If FG should deregulate the sector in it's entirety, power issues would probably be completely fixed within 4-5 years...but when you have to pay 100k monthly electric bill, can you cope?

obainojazz:
The government built most of these infrastructures even with lesser revenue… they should forget looting for some time and invest

I’m sure some big conglomerates will be interested in our power sector as well with all that coal and gas underneath the land… na lack of foresight Dey worry these people

nihilistjnr:


All the other screenshots posted here too are banter and good messages

iamoyindamola:

This is not true, you are looking at it from an exchange rate point of view.
With prepaid meters available now which work like pay as you get
We are having good supply even though it can be better and the whole street has prepaid each
1000 naira will give us 30.8 units which can not last a week the least we buy is 10000 which is 308 units
This is expensive but people are buying if they have a stable supply

nihilistjnr:


Sir FG is owing 1.6 Trillion Naira to the people that generated the electricity that you are talking about. See the link below

https://www.vanguardngr.com/2022/11/electricity-gencos-face-liquidity-crisis-receive-57-invoice/

If you honestly think that 1k for 30 units is the real price of the electricity, I have 2 bridges to sell to you

nihilistjnr:


Sir FG is owing 1.6 Trillion Naira to the people that generated the electricity that you are talking about. See the link below

https://www.vanguardngr.com/2022/11/electricity-gencos-face-liquidity-crisis-receive-57-invoice/

If you honestly think that 1k for 30 units is the real price of the electricity, I have 2 bridges to sell to you

raumdeuter:


Most of these infrastructures are outdated already.

If you have the money to build a totally new one and generate and also price it competitively similar to the rate you pay in Australia do you think people can afford it or they will find ways to bypass your mter and run you into debts?

iamoyindamola:

I am saying if they bring the actual price of electricity and there is 24-hour electricity
People will pay I can assure you, if only you know the length we go through to have solar, generator etc

raumdeuter:


Obainojazz this is for you. You have invested plus borrowed from ANZ Bank to invest in Nigerias power sector and you are being owed $2.3bn. What explanation you wan give the lenders

How you wan take run am? Shey no be to join APC or PDP and begin beg govt to release half of our money

izzou:


While we have neighbouring countries that enjoy an almost steady power, i don't think electric bills there are breath choking.

UK is too far to forecast what it will look like. There are African countries with very decent electricity supply. Why not look into them, and see if the bill will be too high?

iamoyindamola:

I am saying if they bring the actual price of electricity and there is 24-hour electricity
People will pay I can assure you, if only you know the length we go through to have solar, generator etc

GloriousGbola:


Our electric bills will be manageable if we face reality. My house is full of fans. I have conditioned myself not to use ACs.

Air conditioning is the biggest energy cost for any domestic or commercial dwelling.

izzou:
Larride, what is your take on Lawan winning the ticket?

Is our judiciary not a joke, like this?

izzou:


I worked in a Digital Advertising firm.

On a site, we use 500 litres of diesel to power the board every day; 365 days in a year.

In today's price list, that's 400k everyday on diesel, and this what many industries go through every blessed day

Whether private sector or not, i cannot fathom how electricity bill will run into 400k every day, if there was steady power

izzou:


I worked in a Digital Advertising firm.

On a site, we use 500 litres of diesel to power the board every day; 365 days in a year.

In today's price list, that's 400k everyday on diesel, and this what many industries go through every blessed day

Whether private sector or not, i cannot fathom how electricity bill will run into 400k every day, if there was steady power

seankafor:
bro people will pay for what gives them peace of mind

Look at starlink and the coverage it's gathering

People are already buying and it's going to give other telecom sectors run for their money

GloriousGbola:


Sincerely I suspect someone in the team was running wayo.

They will oversize the gen so they can chop money, then inflate the diesel use so they can chop further.

There is a company that introduced automated tank gauging for diesel storage. You had a real time online report on your diesel use. A lot of facilities officers got into serious trouble after their companies adopted the solutions

izzou:


While we have neighbouring countries that enjoy an almost steady power, i don't think electric bills there are breath choking.

UK is too far to forecast what it will look like. There are African countries with very decent electricity supply. Why not look into them, and see if the bill will be too high?

iamoyindamola:

We are complaining in this country because we are not getting value for money
No electricity bill is too big if we are enjoying it

GloriousGbola:


Sincerely I suspect someone in the team was running wayo.

They will oversize the gen so they can chop money, then inflate the diesel use so they can chop further.

There is a company that introduced automated tank gauging for diesel storage. You had a real time online report on your diesel use. A lot of facilities officers got into serious trouble after their companies adopted the solutions

seankafor:
I spend close to 100k monthly on fuel

Why won't I pay 100k monthly if I have stable power supply?

nihilistjnr:


Name a neighbouring country that fits your profile and doesn't have it's energy costs heavily subsidised by it's government.

seankafor:
I spend close to 100k monthly on fuel

Why won't I pay 100k monthly if I have stable power supply?

iamoyindamola:

I will go solar if I were you
Never liked generator

obainojazz:
Electricity here is pretty cheap compared to most western countries… I had a flat rate of $68 per month but since I consume more, it was increased to $120 per month… A lot of houses and business can afford this in Nigeria

See screenshot when it was increased below and that was even winter period

nihilistjnr:
This is my bill for December.

Izzou, calculate this in Naira.

nihilistjnr:
This is my bill for December.

, calculate this in Naira.