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Nairaland Forum / Nairaland / General / Politics / Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion (3537 Views)
Electricity Subsidy Gulps ₦629 Billion As Discos Generate ₦1.1 Trillion / NNPC Declares Zero FAAC Remittance For 8th Time As Subsidy Gulps ₦2.6 Trillion / Fuel Subsidy Gulps N1.5 Trillion (2) (3) (4)
Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by adenigga(m): 4:04am On Dec 18, 2023 |
The Federal Government spent N375.8bn on electricity subsidy between January and September this year, as power consumers paid a total of N782.6bn for the commodity during the same period, it was gathered on Sunday.Source: https://punchng.com/Electricity-subsidy-gulps-N376bn-consumers-pay-N783bn 1 Share
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Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by crossfm: 4:07am On Dec 18, 2023 |
Hehehe. Scammers,they claim they are paying subsidy,but the process and way they are paying the assumed subsidy is not clear according to the article ![]() ![]() They are paying subsidy and power holding companies are still on estimated billings ![]() Nigeria na cruise. 22 Likes 1 Share |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by omowolewa: 4:12am On Dec 18, 2023 |
Electricity Subsidies without electricity supplies. 14 Likes |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by Ebubu: 4:20am On Dec 18, 2023 |
The question is, if government removes electricity subsidy too and the price hikes, can rural Nigerians afford electricity bill with 30k minimum wage? Our purchasing power or disposable income is very poor. 3 Likes |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by Ebubu: 4:21am On Dec 18, 2023 |
crossfm:It was calculated for those on prepaid 2 Likes |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by cenaman(m): 4:46am On Dec 18, 2023 |
I don't think there is subsidy in electricity in Nigeria 6 Likes |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by Ebubu: 5:19am On Dec 18, 2023 |
cenaman:Those on estimated bill paying 3000 naira with heaters, iron, freezers et cetera are on subsidy. 6 Likes |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by Lovemeharder(f): 6:06am On Dec 18, 2023 |
Hmmm... That's a whole lot. |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by Pakute: 6:14am On Dec 18, 2023 |
PDP destroyed this country patapata, you privatized NEPA to incompetent cronies and then have to start paying them subsidy every month for God knows. |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by jmoore(m): 6:54am On Dec 18, 2023 |
Ebubu:You made this comment with a false assumption that there is 24 hours of power supply. Many on estimated billing are paying for BLACKOUT. That's like going to a petrol station, paying 5,000 for petrol to be filled in your jerry can, they collect the money and give you back your EMPTY jerry can. 5,000 Naira for empty stuff is subsidy? 20 Likes 1 Share |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by jmoore(m): 7:02am On Dec 18, 2023 |
Ebubu:Poor people can afford electricity. Everyone will find their own level. With everyone on prepaid, you buy what you can afford. You can buy 500 naira token and load it on your prepaid to charge your phones, laptops only. It can last for more than 4 months. 4 Likes |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by Ofunaofu: 7:12am On Dec 18, 2023 |
Where's the electricity they are subsidizing 1 Like 1 Share |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by Ebubu: 7:15am On Dec 18, 2023 |
jmoore: Yet the prepaid meters are yet to go round. You even see people in state capitals deliberately using old meter(postpaid) instead of prepaid. They are conscious that their freezer, iron, electric heater, AC will become accountable under prepaid than postpaid so they deliberately don’t change their meter the prepaid meter. Government should go about disconnecting every line that is not on prepaid. Give a deadline and disconnect. 3 Likes |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by Ebubu: 7:16am On Dec 18, 2023 |
jmoore: Those on prepaid meter using same appliances pay more to use them than those on postpaid even with the same numbers of hours of electricity. 3 Likes |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by jmoore(m): 7:40am On Dec 18, 2023 |
Ebubu:prepaid postpaid estimated prepaid and postpaid pay the same thing. It is only those on estimated billing that pay less, but they pay more during blackout. 2 Likes |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by PheelzAlmighty: 8:24am On Dec 18, 2023 |
Yeah that's corruption... 1 Like |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by slivertongue: 8:25am On Dec 18, 2023 |
APC is a fraud 4 Likes |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by chyzoo4u(m): 8:25am On Dec 18, 2023 |
Consumers paid close to 70%, that's impressive. |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by Blaze14k: 8:25am On Dec 18, 2023 |
How do they get these figures buh nnpc can't account the oil output they get on daily bases 1 Like |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by Ozommadu: 8:26am On Dec 18, 2023 |
Ebubu: Who you dey ask that kind nonsense question?? You want to sabotage Asiwaju government, you will fail ![]() 1 Like |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by BigBlackPreek(m): 8:26am On Dec 18, 2023 |
The electricity we the masses don't see or which other ones are you discussing about? 1 Like |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by Lovemeharder(f): 8:26am On Dec 18, 2023 |
Hmmm... |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by Cnbv: 8:26am On Dec 18, 2023 |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by kennyz247(m): 8:27am On Dec 18, 2023 |
Electricity subsidy in Nigeria is a scam and never exist.. 1 Like |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by JASONjnr(m): 8:27am On Dec 18, 2023 |
Power in Nigeria is the biggest scam. 1 Like |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by ATEAMS: 8:28am On Dec 18, 2023 |
Nawaaoo |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by hakym619(m): 8:28am On Dec 18, 2023 |
![]() Insane figures.
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Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by Flame333: 8:28am On Dec 18, 2023 |
Why this news keep pulling up everyday, I dunno.. Live has been better with successive government intervention through subsidy to cushion the effect of high cost of living.. Since APC with their scam, it's been one propaganda fraud to another coupled with their bad policies.. Do you still want to remove this one and give labour five thousand award.. Because it's like an award ceremony government we get O.. 1 Like |
Re: Electricity Subsidy Gulps N376 Billion, Consumers Pay N783 Billion by Houseontherock1: 8:28am On Dec 18, 2023 |
What kinda privatisation went down in phcn? What kinda subsidy is the government still paying? Why are the power companies more like government organizations with no form of competition from anywhere? Privatisation of phcn is a sham 3 Likes |
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