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Nairaland Forum / Nairaland / General / Politics / FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu (24160 Views)
Nigeria Can’t Continue To Be Father Christmas To Neighbouring Countries – Tinubu / FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months / Borrowing To Subsidise Electricity Grossly Irresponsible -FG (2) (3) (4)
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Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by bentenny(m): 10:33pm On Feb 14 |
Governors should take advantage the electricity law and generate,transmit and distribute power to their states! It will even be a humongous source IGR for the state! Even if it means borrowing,they should embark on it in order provide electricity for their state! |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by Ategberoson(m): 10:34pm On Feb 14 |
blacknp: Removing fuel subsidy without the function of national refineries is undemocratically foolish |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by grandstar(m): 10:34pm On Feb 14 |
43Ronin: Don't you understand what the man is saying? He isn't speaking Fulfude? He said the government can no longer afford the subsidy. It does not take a rocket scientist to know this. The nation is bankrupt. Last year, debt servicing was to consume 96% of revenue earnings. Where's the money then to even run the budget. Practically everything would be borrowed. The minister said the federal government is owing the Discos 1.3trillion and Gencos $1.3bn. Yet, you want the subsidies to still continue. How are they supposed to operate optimally with such unpaid debts? Despite that, you condemn the IMF. The man said 450bn was calculated for subsidy this year but ministry needs 2trillion. It is obvious the government cannot afford the subsidy and yet you condemn the IMF? Do you want the federal government to borrow money or print it to solve it, adding to the crushing debt burden? All the countries in West Africa pay a cost reflective price for their power. It is pricey but it's constant. I pay about 3k monthly for power for a 3bedroom flat. Were I to pay a cost reflective price, it would shoot up to like 9k. That is still cheap considering cost of running a generator for 2 days would be more than that. What the IMF will advice you is no different from what Charles Soludo or Pat Utomi would say. They are economists, liberal economists. They are technocrats. They will not tell you what you'd like to here. If Nigerians want constant power, they must be ready to pay a cost reflective price for it. These power companies aren't charity organizations. There is no incentive to invest if armtwisted to sell at a loss. 5 Likes 2 Shares |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by bentenny(m): 10:35pm On Feb 14 |
adioolayi:Exactly! 1 Like |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by blacknp(m): 10:37pm On Feb 14 |
Ategberoson:Foolish Indeed, keep abusing yourself, law way una pass yourselves to remove subsidy after 20 months of it coming into effect virtue of the Petroleum Industry Act? Ignorance no be excuse: In accordance with Section 205 of the PIA , the pricing of petroleum products must operate under unrestricted free market conditions; hence the Petroleum Equalization Fund (PEF) and the subsidy system have been abolished. For your ignorance, PEF was the government body in charge of maintaining uniformity in petroleum product pricing. 1 Like |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by blacknp(m): 10:38pm On Feb 14 |
adioolayi:Will not happen in your lifetime, this your kind mentality deserves darkness, na why wherever you dey, u no get electricity. 1 Like |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by albert2512: 10:39pm On Feb 14 |
nlfpmod: Una don come again abi. Petrol and dollar wey Una float still dey drive the economy crazy and Una still wan add floating electricity join? Hope all is well with you guys sha? |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by blacknp(m): 10:40pm On Feb 14 |
albert2512:Make your state subsidize the electricity for you na, abi no be inside the state you dey consume am? 2 Likes |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by fredpeter(m): 10:41pm On Feb 14 |
NiRfreak:My dear you no notice say up tinubu, up jagaban, useless Peter Obi radarada... Don reduce to the barest minimum.... Hunger dey deal with tinubu online armies... Very soon dey go remove data subsidy |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by blacknp(m): 10:43pm On Feb 14 |
fredpeter:Na shameless people dey blame Tinubu upandan for their own shortcomings & wickedness, even Almijiri for Gombe & Jigawa state, say na Tinubu fault. |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by cucumbar: 10:45pm On Feb 14 |
badoh:he is a mad man… he got to those positions due to nepotism, and man know man. You too, you are a mad man for supporting rubbish. Thunder fire all you APC supporters. |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by saintmm(m): 10:45pm On Feb 14 |
Just reading figuures submitted to him without understanding the significance. Imagine, an accountant is now the best brain that can now manage the lifeline of a Nation such as power! This man should be careful in his eyeservice to his boss. He should remember his goal, not forgetting the crop of people he will present himself to. Use your office to do the right thing now or else... 1 Like |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by Ategberoson(m): 10:47pm On Feb 14 |
blacknp: Okay Tinubu is the Best, he should let the fuel increase to 2000 and dollars 7,000 1 Like |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by albert2512: 10:47pm On Feb 14 |
blacknp: How many state fit subsidize electricity. Any state wey subsidize is taking it back through back door, trust me this might be worse for the economy if not well implemented. |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by blacknp(m): 10:48pm On Feb 14 |
cucumbar:Na so House boy dey reason. 1 Like |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by blacknp(m): 10:50pm On Feb 14 |
albert2512:Well to a large extent, electricity has been moved to the legislative concurrent list as demanded by you Nigerians, it is no longer the exclusive jurisdiction of the Federal government. So the sooner you people brace up in the States, the better for you, States will pay according to their electricity demand & consumption, I don’t expect Lagos & Kebbi to have the same tarrifs. Same goes for fuel subsidy, the states where the fuel is consumed, should be the ones to pay the subsidy not the FG @ the center. I don’t expect the price of petrol to be the same in Lagos State, as in Kebbi state. 1 Like |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by PARADIZEPRIEST: 10:54pm On Feb 14 |
Nigeria can't continue to budget billions for luxury of public servant,when to stop this Nigeria power will stabilize. |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by PARADIZEPRIEST: 10:54pm On Feb 14 |
Nigeria can't continue to budget billions for luxury of public servants living in glass houses.When govt stops this excesses Nigeria power will stabilize. ![]() |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by OKORONKWOBRIGHT(m): 10:55pm On Feb 14 |
Nigeria for sale 1 Like |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by yeshuasfootstep(m): 10:56pm On Feb 14 |
blacknp: Guilt? |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by blacknp(m): 10:58pm On Feb 14 |
yeshuasfootstep:Yes the guilt of your law makers that you sent to Abuja, for not making laws that benefit you. No be my fault, I am just an ordinary citizen like yourself. |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by PARADIZEPRIEST: 10:59pm On Feb 14 |
PARADIZEPRIEST:GOVT SHOULD COPY SOLAR BASED COUNTRIES HOW THEY EMPOWER THIER CITIZENS TO HAVE STEADY POWER FOR SMALL BUSINESSES AND HOMES ALWAYS. AND CONCENTRATE MEGAPOWER FOR INDUSTRIAL CONSUMPTION. MAKE UNA DEY THINK WELL,GIVE THE PEOPLE ALTERNATIVE WHILE YOU PLOT to SOBOTAGE THEIR LIVELIHOODS. Littering Generators all over naija is not an alternative power source to grow the national economy. |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by godwon01(m): 11:06pm On Feb 14 |
Even with subsidy the country is still in darkness. You pay for meter, you will not see the meter. You top up 10,000 naira , it will not last for one week. |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by Erons2000(f): 11:06pm On Feb 14 |
Shiteehole ![]() |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by godwon01(m): 11:07pm On Feb 14 |
Even with subsidy the country is still in darkness. You pay for meter, you will not see the meter. You top up 10,000 naira , it will not last for one week. |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by PARADIZEPRIEST: 11:08pm On Feb 14 |
Nigerians are indirectly paying for IMF loans buhagovt collected for 8years via this removed subsidy.Yet they cannot ask buhagovt to account? ![]() ![]() |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by fitinwell: 11:11pm On Feb 14 |
nlfpmod: What is a Fellow Chartered Account Finding around Power Sector,.. chai Wrong Pair in Wrong Hole... Power Sector to carter for over 200 million house holds and Locked up Factories.. You believe an accountant should work the Magic... Continue to play Monopoly with Nigerian People.. Soon very Soon the Poor shall and will Over Power the Wealthy once in the country... Endsar go be like rehearsal. |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by Faithfulness88: 11:18pm On Feb 14 |
As citizens so what do we stand to benefit from our nation. |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by blacknp(m): 11:39pm On Feb 14 |
Ategberoson:Tell your legislators to amend the law to reintroduce subsidy, instead of just sitting down in armchair ignorance blaming others. You all where shouting we want deregulation, now they have given you deregulation, you start blaming others? |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by money121(m): 11:46pm On Feb 14 |
badoh:Na your family member? Awon ara ile e spewing rubbish for mouth |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by zoraro(m): 12:01am On Feb 15 |
Useless man/government .FG can not subsidize Electricity but will not stop billions been stolen by the criminals we in government. |
Re: FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu by cucumbar: 12:01am On Feb 15 |
blacknp:you, you know say by default, you Dey craze.. that’s something common to all of you supporting this rubbish. Na only mad person go see bad thing and no know say na bad thing. Thunder fire that you big empty zombie head. It shall never be well with you, since you love suffering. |
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