"Spoil the economy and reduce the impact of subsidy" seems to be happening right now because how can an increase in subsidy cause no price reduction. Or are they releasing false figures

The more you look the less you see government!

APC is from the pit of hell!

Electricity subsidy jumped from 252 billion to 650 billion in three months. For wetin. Did the mw Increase.

Remove the damn subsidy totally before it removes you from Power Broda Yekini.

Salewa97:
The increase in power subsidy is a clear indication that the federal government is committed to ensuring affordable electricity for Nigerians. Yes, it’s a hefty sum, but the priority should be on stabilizing our power sector for the long-term benefit of all citizens. Let's support the government's efforts to harmonize tariffs and gradually phase out subsidies. It’s all about creating a sustainable energy future for Nigeria!

power subsidy my foot. All these are tales by moonlight to deceive the gullible. Nigerians are in darkness, yet the govt is paying power subsidy. To who exactly?

INSIDE THE ZOMBIE NATION, THE ZOMBIES NO NOTHING ABOUT THE SO CALLED ELECTRIC, THAT IS WHY THEY FAILED TO GENERATE ELECTRIC FOR THEIR OWN USE, AWÒN DIDIRIN

Mandate1:
power subsidy my foot. All these are tales by moonlight to deceive the gullible. Nigerians are in darkness, yet the govt is paying power subsidy. To who exactly?

Good question! One of the protesters mentioned that she had received an outrageous power bill at her address that had not seen power use in 3 months. She was outraged.

Mr tinubu should reap what you sow... Enjoy it.

I told someone if the numbers from the economic reforms are not adding up we are headed for more economic disaster..

They claim to have removed furl subsidy but we are paying subsidy through the back door..

We are taking loans for the wrong purposes and further increasing wastage and no short ot longterm improvement on the economy.

M

Has that douse or reduced the rise in hunger?

Electric subsidy my foot,lie lie gov,Anyway Tinubu you are doing great,please more tax

SmartPolician:
So the FG is still paying power subsidy? I no understand this country again oh!

They have removed that subsidy up to 3 times I don't understand

President Tinubu’s administration has borrowed over $2 billion so far on electricity and over $500 million was earmarked for mass metering.

If the government wants to stop paying this costly subsidies, they should metre all the unmetered customers ASAP. You will generate more power and spread the cost across all bands evenly.


Liquidity easily flows to DiScos, so DIScos can pay Gencos for electricity consumed at market rates, without the need for subsidy. Some of the liquidity even get to federal government because they own 40% of Discos, which means more federal budget allocations.

I like that NBET is no more, so Discos will buy what they need directly.

They should also start punishing electricity theft, NASS should pass a law that punishes customers bypassing meters.

We basically need the market to induce more Gencos to produce more power, and that can only happen if they would be profitable doing so.

Also, make TCN a 20,000 MW wheeling capacity national grid, and then privatise it.

Once the market is flooded with Gencos and more Discos, electricity prices will come down.

Electricity business should be a tax generating revenue stream for government, and not something they should be subsiding.

This sector is a low hanging fruit for the president, particularly now that fuel subsidy is gone. They should improve it, and start using it as tax revenues.

Adelabu come outside!

bitsAndpieces:
President Tinubu’s administration has borrowed over $2 billion so far on electricity and over $500 million was earmarked for mass metering.

If the government wants to stop paying this costly subsidies, they should metre all the unmetered customers ASAP. You will generate more power and spread the cost across all bands evenly.


Liquidity easily flows to DiScos, so DIScos can pay Gencos for electricity consumed at market rates, without the need for subsidy. Some of the liquidity even get to federal government because they own 40% of Discos, which means more federal budget allocations.

I like that NBET is no more, so Discos will buy what they need directly.

They should also start punishing electricity theft, NASS should pass a law that punishes customers bypassing meters.

We basically need the market to induce more Gencos to produce more power, and that can only happen if they would be profitable doing so.

Also, make TCN a 20,000 MW wheeling capacity national grid, and then privatise it.

Once the market is flooded with Gencos and more Discos, electricity prices will come down.

Electricity business should be a tax generating revenue stream for government, and not something they should be subsiding.

This sector is a low hanging fruit for the president, particularly now that fuel subsidy is gone. They should improve it, and start using it as tax revenues.

✅✅✅✅✅✅✅✅✅

these people are not sincere with us ooo,

you are subsidizing and what consumers pay dey increase every 7 market days.


una dey whine!!!

Lol. Na so d lies continue . When I'm currently paying 1k for 4 units. People in my area have stopped leaving their security lights on at night. There would be power supply but everywhere would still be dark at night except for the solar powered street lights

bitsAndpieces:
President Tinubu’s administration has borrowed over $2 billion so far on electricity and over $500 million was earmarked for mass metering.

If the government wants to stop paying this costly subsidies, they should metre all the unmetered customers ASAP. You will generate more power and spread the cost across all bands evenly.


Liquidity easily flows to DiScos, so DIScos can pay Gencos for electricity consumed at market rates, without the need for subsidy. Some of the liquidity even get to federal government because they own 40% of Discos, which means more federal budget allocations.

I like that NBET is no more, so Discos will buy what they need directly.

They should also start punishing electricity theft, NASS should pass a law that punishes customers bypassing meters.

We basically need the market to induce more Gencos to produce more power, and that can only happen if they would be profitable doing so.

Also, make TCN a 20,000 MW wheeling capacity national grid, and then privatise it.

Once the market is flooded with Gencos and more Discos, electricity prices will come down.

Electricity business should be a tax generating revenue stream for government, and not something they should be subsiding.

This sector is a low hanging fruit for the president, particularly now that fuel subsidy is gone. They should improve it, and start using it as tax revenues.

Someone here is still being delusional. You haven't leant anything so far

trutharena:
This is a great move by the FG! Investing in power is crucial for our development. Let's keep the momentum going and ensure that every Nigerian enjoys the benefits of this subsidy. Progress is happening!

Progress is happening and the future if willing at unlimited debt 😲😳

And u want Nigeria to be standard as America and Canada 🤔

nedu666:
Electricity subsidy jumped from 252 billion to 650 billion in three months. For wetin. Did the mw Increase.

And yet, households under band A, universities, corporate organisations, government houses, etc are groaning under the electricity bills that has increased in three to four folds this year alone. The more you look, the less you see.

SmartPolician:
So the FG is still paying power subsidy? I no understand this country again oh!

Yes na if no subsidy ur bill per month would have been around 50k .

But with subsidy some are paying 7k 10kand yet still fail to pay and yet they will still abuse the government and want the same Nigeria to bcom america someday 🤔

Tayorshd87:


Yes na if no subsidy ur bill per month would have been around 50k .

But with subsidy some are paying 7k 10k and yet still fail to pay and yet they will still abuse the government and want the same Nigeria to bcom america someday 🤔

You are talking about metered households or unmetered households because I don't understand your submissions concerning 50k, 7k, 10k? I'm on band A, four units for 1k. Does that look to you like someone who is enjoying electricity subsidy? If I'm to use electricity regularly, my household would be consuming 6 units a day which is N1500. That's 45k per month. We're on ration now since band A palaver started. You may be on subsidy, my household is not

maasoap:


Someone here is still being delusional. You haven't leant anything so far

Educate me, smart man. What would bring price down?

jaxxy:
I told someone if the numbers from the economic reforms are not adding up we are headed for more economic disaster..

They claim to have removed furl subsidy but we are paying subsidy through the back door..

We are taking loans for the wrong purposes and further increasing wastage and no short ot longterm improvement on the economy.

And Mr Tinubu after removing anything removable still wants to raise ways and means bill to 10% from 5%. That's more debt which more economic disaster

SmartPolician:
So the FG is still paying power subsidy? I no understand this country again oh!

I guess they're giving this excuse to justify removing subsidy on the rest of the bands which are band B, C, D. This current wailing means band B, C, D should also brace themselves up for subsidy removal, no more 13.8 units for 1k!

trutharena:
This is a great move by the FG! Investing in power is crucial for our development. Let's keep the momentum going and ensure that every Nigerian enjoys the benefits of this subsidy. Progress is happening!

This one didn't.go to school and doesn't understand the difference between subsidy and investment 🤣🤣🤣
Ozuor

bitsAndpieces:


Educate me, smart man. What would bring price down?

Nothing! That's what I'm trying to tell you. Use cement price for example, look at what happened this year. There is already competition in cement industry but the players still managed to come together and fix arbitrary price for us. They refused to compete among themselves, instead, they came together and had an understanding to keep the price high unjustifiably

maasoap:


Nothing! That's what I'm trying to tell you. Use cement price for example, look at what happened this year. There is already competition in cement industry but the players still managed to come together and fix arbitrary price for us. They refused to compete among themselves, instead, they came together and had an understanding to keep the price high unjustifiably

Electricity is different because the electricity act of 2023 signed allows anyone to generate, transmit and distribute electricity as long as they are registered with the government. If I install a solar farm and start generating 5MW, I can sell it directly to consumers without going through the grid. Although, grid will help me save cost of getting it to you because they already have infrastructures on ground.

I will invest in solar farms only if I get my money back. Imagine more of me in the market, obviously, price will come down. Also, I’m not dependent on gas or coal, so my overheads will be lower.

I won’t want a situation where I go bank, borrow money to build solar farms, only for my customers not be able to pay, hence why gov should install meters and punish electricity theft.