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Nairaland Forum / Nairaland / General / Politics / FG To Resell Discos Under Banks, AMCON In Three Months (17982 Views)
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FG To Resell Discos Under Banks, AMCON In Three Months by Islie: 6:24pm On Apr 22 |
…TCN blames outage on gas constraint The federal government on Monday, April 22, vowed to sell off the five electricity Distribution Companies (DisCos) now under the management of banks and Asset Management Company (AMCON) in the next three months to reputable technical power operators. https://thenationonlineng.net/fg-to-resell-discos-under-banks-amcon-in-three-months/ 8 Likes
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Re: FG To Resell Discos Under Banks, AMCON In Three Months by helinues: 6:33pm On Apr 22 |
Let them sell the Discos jare, may be Reggae can take over it as that is always full of gyration. 34 Likes
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Re: FG To Resell Discos Under Banks, AMCON In Three Months by adamma24: 7:19pm On Apr 22 |
Na still dem dem go buy am from back.... 4 Likes |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by DonMarkuzi(m): 7:28pm On Apr 22 |
If they used same energy they used in passing the coastal road project towards the electricity we might forgive their ineptitude. 26 Likes 3 Shares |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by jmoore(m): 7:40pm On Apr 22 |
There is no gas? Nigeria is blessed with gas and they are complaining that there is no gas. Some people are just collecting salaries without doing anything. To get gas is now rocket science. 28 Likes 2 Shares |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by nairalanda1(m): 7:57pm On Apr 22 |
They won't get any buyers until they allow the discos charge cost reflective tarrifs 33 Likes 1 Share |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by nairalanda1(m): 8:01pm On Apr 22 |
jmoore: As the article says, the gas companies are owed money by the government. To the tune of 1.3 billion dollars. Government also owes gencos 1.3 trillion naira or an additional 1.0 bn dollars. Gas companies as a result are refusing to supply gas as a result 38 Likes 4 Shares |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by richard870(m): 8:42pm On Apr 22 |
Fraudulent moves as usual 1 Like |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by Beremx(f): 8:45pm On Apr 22 |
Adelabu should resign first. He's incompetent and that's it. Government should pay its debt for gas supply and power will improve. 13 Likes 3 Shares |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by SoNature(m): 8:49pm On Apr 22 |
Stop giving licenses to companies to manage power distribution across regions. Instead, make it a state by state thing. Just like Lagos, every state should have its disco. That way, unbundling the tripodal power industry will be much easier in the future. 8 Likes |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by Onyedikachi231: 8:51pm On Apr 22 |
Hahaha... Its remaining 250 naira for my budget of 5.5 million naira solar power system to complete. In a year, na only space I go dey occupy for Nigeria, I won't need Nigeria for anything again. I supply my own everything even water. At my status, na wetin I go do for Nigeria. 2 Likes |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by athaboi(f): 8:52pm On Apr 22 |
Jokers Improve the useless light supply already! What is your business with Disco's?? What have you failed FG done about transmission?? Have you improved in that expect not to talk about distribution? The capacity of Nigeria electricity transmission lines is not up to 2000 megga watts and even at that, it keeps collapsing. Direction less FG... 2 Likes |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by Aroyjunior(m): 8:52pm On Apr 22 |
The only news that would give me joy is adelabu should be sacked or he should resign.....he talks too much as a man. January till date light has been in shambles. 7 Likes |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by LibertyRep: 8:53pm On Apr 22 |
Ok |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by kernniejay(m): 8:53pm On Apr 22 |
nairalanda1:So that Nigerians can pay higher tariff for the darkness they have been enjoying, right? 6 Likes |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by kennyz247(m): 8:53pm On Apr 22 |
Sell Nigeria too |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by kernniejay(m): 8:54pm On Apr 22 |
The discos are very useless. Imagine, Gencos generating power but Discos not accepting the power to distribute cos they don't have the capacity, but they have capacity to distribute bills, carry ladder to disconnect people and lay claims to transformers and power cables that community people contribute to buy for themselves. 16 Likes 1 Share |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by Gbadugbakun(m): 8:54pm On Apr 22 |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by richiemcgold: 8:55pm On Apr 22 |
Here's my conclusion after reading this report: Power supply (both generation, transmission and distribution) is not cheap. It is very expensive. To guarantee stable power, government needs to spend more money and the consumers (Nigerians) also need to pay more money. 5 Likes 2 Shares |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by oluwaseyi0: 8:55pm On Apr 22 |
nairalanda1: Nigeria will start shedding crocodile tears Nigerians want free power and they want it now 2 Likes 1 Share |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by Chicagograduate(m): 8:56pm On Apr 22 |
Upon the estimated Billings without providing electricity services the owners of disco are still taking loans and are unable to repay?This is mismanagement. 3 Likes |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by athaboi(f): 8:57pm On Apr 22 |
kernniejay:can you invest in any of the disco with your money? Do you even know how much they are owing?? If you don't understand it just keep quiet 2 Likes |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by LibertyRep: 8:57pm On Apr 22 |
I want to buy IBEDC |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by athaboi(f): 8:58pm On Apr 22 |
Chicagograduate:it is highly capital intensive with a very huge loss...discos cannot recover energy given bcoz there's meter bypass and they are meant to pay for every energy given to them! And government has not sold it to anyone, they still have a stake making it difficult for anyone to fully take responsibility. So investors are only interested in the profit they will make and not to improve the system bcoz it doesn't belong to them. They know that fg will collect it one day so they don't bother investing in it, just to make profit for he main time and move on. They should do proper privatization after cleaning the mess in distribution companies 8 Likes 3 Shares |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by funshint(m): 8:59pm On Apr 22 |
Another empty threat...na Adelabu way be that. Nothing will happen. 1 Like |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by Shezy001: 9:00pm On Apr 22 |
This is what Falana said the last time he came to channels tv |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by Shezy001: 9:01pm On Apr 22 |
This is what Falana said the last time he came to channels tv that those managing the discos are mere lawyers ,admin officers but not technocrat |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by Lavor234: 9:02pm On Apr 22 |
I suspect that the Discos have been shared amongst potential cronies Think this is the possible the reason for the campaign of commercialialsation if electricity We are going to pay thru our noses for electricitity from the new oligarchs and this is not going to be FUNNY May God have mercy on Nigerians because we are being mercilessly fleeced 1 Like |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by kernniejay(m): 9:05pm On Apr 22 |
athaboi:Why should everything be a rocket science in Nigeria when countries like Cote d'Ivoire, Ghana, Benin Republic and other countries including those that Nigeria supply power, enjoy uninterruptible power? You would have been considered smart if you had held your peace, now you remove every doubt about your level of intelligence. |
Re: FG To Resell Discos Under Banks, AMCON In Three Months by Yankee101: 9:06pm On Apr 22 |
Guess who will be buying them You’ll understand why light bills have gone up Tinubu and associates are cashing out 2 Likes |
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