eddiebruk:
How you want to grow a whole textile industry without power baffles me. Government needs to stop thinking they will always be funded enough to intervene in sectors that should be private investment driven. How long can the CBN sustain Nigeria Forex with global unforeseen circumstances? In Nigeria, we only think of today without calculating the probability of the future risks. China may decide to pull out and we will be left with a dwindling economy

The man is in a hurry to develop his beloved north and that can blind any bigoted soul. OBJ did more and failed. In every industry there are key logistics that can't be circumvented with dictator like tendencies and I expect Buhari to know better.

izuch:
This Is the kind of policy we need to grow our economy, everything will gradually fall into place, power supply will increase ( necessity is the mother of invention), domestic Cotton production will increase since the demand will increase. Job opportunities in cotton farming and textile industry will also increase, more revenue for the FG from taxes, Let us learn from other more successful countries like north Korea. Let us be optimistic and hope that this policy will do us good in the long run. I look forward to the day Nigeria will stop importing PMS and other allied products. Nigeria will be great again.
LONG LIVE THE FEDERAL REPUBLIC OF NIGERIA!!!!

1.Power supply won't increase so long as DISCOS are forced to charge below production costs of power.

2.The only way we can increase production of cotton is by large scale commercial farming.

3.Imports of PMS will stop when government stops forcing subsides on petrol marketers...forcing them to sell below the cost of production and importation....which drives off investors.

4.North Korea is a failed state. South Korea is a much better example to emulate.

The underlying factor is power supply. Without stable and constant electricity all these policies are not very effective.

CodeTemplar:
The man is in a hurry to develop his beloved north and that can blind any bigoted soul. OBJ did more and failed. In every industry there are key logistics that can't be circumvented with dictator like tendencies and I expect Buhari to know better.

Well,if the cotton industry in the North is developed...that reduced dependence on oil money...which naturally would flow to the South

It would be like the good old days of the 1960's when each region relied on what it produced. Plus...it generates more jobs (a good chunk of which would be taken by Southerners anyway)

What FG need do is improve power supply, if CBN like let them ban everything. Provided the powered sector is still not improving, the measures will spike inflation in double folds

Buhari is a true definition of a dullard.

post=76576826:

Why are you dying and craving so much for our attention on a daily basis?!
Is everything okay boy?!
Make your comment and disappear to wherever you crawled out from!

as per blueblood when u be （on nairaland o）. una go just dey carry delusion for una head like dreads

eluquenson:
What FG need do is improve power supply, if CBN like let them ban everything. Provided the powered sector is still not improving, the measures will spike inflation in double folds

Buhari is a true definition of a dullard.

Power is in private hands. Both at distribution and generation level.

The only way Buhari can improve power supply is by, well, repealing that bit in the power privatization law that forces DISCOS to charge for power at a cost below production. This is what is driving away more investors.

But since that means high power bills...most Nigerians would say no.And politicians love their jobs more than they love development.

Nigerians and their government too have to pay the debts they owe the DISCOS. (You can't do much in a business where only one third of your customers are actually paying for the stuff)

theoldpretender:


At the same time Nigeria is shortchanging the power industry.

1.DISCOS are being forced by law to charge for power below the cost of production. That is why DISCOS cannot accept all the power GENCOS send...they can't afford it.

2.DISCOS are owed N1trillion by government agencies, and also are owed same amount by consumers. And as a recent BBC programme put it, about 1/3rd of consumers pay for power.

3.Fixing power requires billions of dollars...and since Nigerians and their government are not paying up...how do we fix power?

With regards to power, I think there are stakeholders who do not want Nigeria Electricity Problems to be resolved because of their benefits.

First off, Take South Africa for example, the power sector which is Eskom is being owed 19 Billion rands by Soweto (a big city mostly occupied by low income earners) alone, the government only intervened to bail Eskom out because of the caliber of people living there.

Mind you, they generate well over 45,000 megawatts of electricity for a country that is below 80 million in population.

Nigeria is still struggling with %10 of what they generate but will not allow full private or even states to invest and even own electricity licenses, they give them to their cronies and bail them out with Government funds, they do not care wether they are bailing those in Abuja or those in Ajegunle, they generalize it. How can a government bail out a man who has more than the Government, who then will be responsible for those who cannot afford Generators when the DISCOS decide to shut down their operations?

We have misplaced our priorities, the Government are only enriching their families at the detriment of the poor.

theoldpretender:


Power is in private hands. Both at distribution and generation level.

The only way Buhari can improve power supply is by, well, repealing that bit in the power privatization law that forces DISCOS to charge for power at a cost below production. This is what is driving away more investors.

But since that means high power bills...most Nigerians would say no.And politicians love their jobs more than they love development.

Nigerians and their government too have to pay the debts they owe the DISCOS. (You can't do much in a business where only one third of your customers are actually paying for the stuff)

There’s nothing like high power bill if my electricity consumption is being read by a prepaid meter which is the duty of the Electricity companies to provide. I bought a meter for #75,000 when they first came out, and I use #12,000 monthly for electricity coupled with my inverter and generators. They still charge me up to #3000 for maintenance, what for...?

henryobinna:
Nigerian government doesn't reason like that. That's how they banned rice importation, due to similar issue the price of locally produced rice also went up just as foreign ones.

It's only later they'll start rethinking if what they did was wrong or right. Back and forth government

...U re right my Bro

Here we go again
I see 1000 naira / dollar
I will be fucking rich soon

theoldpretender:


Power is in private hands. Both at distribution and generation level.

The only way Buhari can improve power supply is by, well, repealing that bit in the power privatization law that forces DISCOS to charge for power at a cost below production. This is what is driving away more investors.

But since that means high power bills...most Nigerians would say no.And politicians love their jobs more than they love development.

Nigerians and their government too have to pay the debts they owe the DISCOS. (You can't do much in a business where only one third of your customers are actually paying for the stuff)

If DISCOS is charging 50k or 100k per month for electricity bill everywhere in Nigeria and the power supply is available 24hrs daily ; Nigerians will surely pay . It’s just like our Telecommunication providers , na the amount of recharge card wey you buy Nah ehn you go use . So no excuse from FG at all

eddiebruk:


With regards to power, I think there are stakeholders who do not want Nigeria Electricity Problems to be resolved because of their benefits.

First off, Take South Africa for example, the power sector which is Eskom is being owed 19 Billion rands by Soweto (a big city mostly occupied by low income earners) alone, the government only intervened to bail Eskom out because of the caliber of people living there.

Mind you, they generate well over 45,000 megawatts of electricity for a country that is below 80 million in population.

South Africa has been having rolling blackouts...and that is due to the money issues plaguing ESKOM.

Plus, they have bailed out SOWETO. Does that solve the real problem, that people are not paying for power? How long is the government going to keep on bailing out Soweto.? Keep in mind that it isn't just Soweto....

ESKOM is in financial trouble.

Nigeria is still struggling with %10 of what they generate but will not allow full private or even states to invest and even own electricity licenses, they give them to their cronies and bail them out with Government funds, they do not care wether they are bailing those in Abuja or those in Ajegunle, they generalize it. How can a government bail out a man who has more than the Government, who then will be responsible for those who cannot afford Generators when the DISCOS decide to shut down their operations?

Investors cannot come because DISCOS are being forced by the same law establishing them to charge for power at a lower price than the generation cost. No investor is going to come and invest in power when he or she cannot make a profit.

Plus all the bailouts are because the DISCOS are finding it difficult to operate. They cannot get loans from the bank because only one third of their subscriber base pay for power on a regular basis ..and government owes then money too (N1trillion in bills)(unlike GSM companies who have 100% compliance because you cannot use a phone without paying..AND WHO got loans easily from banks because they could afford the money to pay).

Infact, one DISCO declared force maejure...and handed back the company to government (who is now looking for buyer).

Either the government allows DISCOS to set prices, enforces meters at the same time for all, and ends estimated billing...or we are going to continue to get poor supply.

eddiebruk:


There’s nothing like high power bill if my electricity consumption is being read by a prepaid meter which is the duty of the Electricity companies to provide. I bought a meter for #75,000 when they first came out, and I use #12,000 monthly for electricity coupled with my inverter and generators. They still charge me up to #3000 for maintenance, what for...?

Because DISCOS only have 1/3RD OF their active subscribers paying...they put more pressure on those of us who actually pay.

CodeTemplar:
Still blaming people? Na wah oh...

So you're saying we should all pretend that corrupt politicians and generals aren't the cause of the problems we're facing?

Timi1990:


If DISCOS is charging 50k or 100k per month for electricity bill everywhere in Nigeria and the power supply is available 24hrs daily ; Nigerians will surely pay . It’s just like our Telecommunication providers , na the amount of recharge card wey you buy Nah ehn you go use . So no excuse from FG at all

DISCOS charge far less than that...which is why things are not better.

The FG forces them to charge that low because if they completely deregulated...power bills would shoot up...and politicians will lose their jobs.

theoldpretender:


1.Power supply won't increase so long as DISCOS are forced to charge below production costs of power.

2.The only way we can increase production of cotton is by large scale commercial farming.

3.Imports of PMS will stop when government stops forcing subsides on petrol marketers...forcing them to sell below the cost of production and importation....which drives off investors.

4.North Korea is a failed state. South Korea is a much better example to emulate.

1. 34 naira per of unit electricity is actually on the high side compared to other developed countries. the DISCOS charge more than enough
2.how can we engage in large commercial farming when the demand for Nigerian made cotton is low, hence the ban to increase domestic demand and production consequently just like the example I gave with rice above.
3. "Forcing them to sell below cost of production"
They sell below cost of production and they are still importing on a daily basis Bros we no be mumu, who does that kind of business, selling below production rate? Where did you get such information?
4. You call a country that produces 76% of what it consumes domestically a failed state?
You sure say you well?

theoldpretender:


DISCOS charge far less than that...which is why things are not better.

The FG forces them to charge that low because if they completely deregulated...power bills would shoot up...and politicians will lose their jobs.

The whole prob is still from the selfish Govt

izuch:


1. 34 naira per of unit electricity is actually on the high side compared to other developed countries. the DISCOS charge more than enough
2.how can we engage in large commercial farming when the demand for Nigerian made cotton is low, hence the ban to increase domestic demand and production consequently just like the example I gave with rice above.
3. "Forcing them to sell below cost of production"
They sell below cost of production and they are still importing on a daily basis Bros we no be mumu, who does that kind of business, selling below production rate? Where did you get such information?
4. You call a country that produces 76% of what it consumes domestically a failed state?
You sure say you well?

1.Ghana pays much higher than we do.
2.We have no choice....we can't stay on oil forever...
3.Yes, we cannot develop more refineries because government is forcing marketers to sell below the production costs..which means anyone developing a refinery is going to be selling refined product at a loss. Let's be honest...subsidy means that people cannot make profits. The US is the leading oil producer...and it sells fuel above 300 naira (yes, many NIGERIANS say we should sell fuel at a low price because we are an oil prodcing nation).

Plus we are not earning enough from oil to keep subsides.

4.North Korea is a failed state with an oppressed population,and hereditary rule, and a budget that is less than what South Korea spends on defense yearly. South Korea is a better example.,,they produce enough for domestic consumption and export far more.

Timi1990:


The whole prob is still from the selfish Govt

Look, governments past and present have not done well...but me, I have stopped blaming government solely since 2014....when people like GEJ's minister of power started explain things.

The truth is, until DISCOS are allowed to set prices for what they sell..and are no longer forced to sell at a loss....we are not going to fix power. Yes, Government is making a mistake...but it isnt the way you think.

And until those of our countrymen and women too who don't pay for power start paying as well...and government pays its debts....power is not going to do well.

Its a harsh truth.

theoldpretender:


Power is in private hands. Both at distribution and generation level.

The only way Buhari can improve power supply is by, well, repealing that bit in the power privatization law that forces DISCOS to charge for power at a cost below production. This is what is driving away more investors.

But since that means high power bills...most Nigerians would say no.And politicians love their jobs more than they love development.

Nigerians and their government too have to pay the debts they owe the DISCOS. (You can't do much in a business where only one third of your customers are actually paying for the stuff)

It's a PPP scheme but generation lies in the government hand. Get me fact before I believe what I striked. Nigerian government is the greatest hypocrites in the world.

Niggers going to be picking cotton in Buhari's plantations.

Nigeria doesn't have enough arable land to meet current local cotton demands.

The textile mills are old and outdated and with current power supply from the grid, they will be highly cost ineffective against foreign competitions.

Tailor go get work plenty to dey patch your old clothes.

Timi1990:


If DISCOS is charging 50k or 100k per month for electricity bill everywhere in Nigeria and the power supply is available 24hrs daily ; Nigerians will surely pay . It’s just like our Telecommunication providers , na the amount of recharge card wey you buy Nah ehn you go use . So no excuse from FG at all

.

from 18k minimum wage? we would just do direct connection.

the govt is thinking backwards.
u cannot ban when u have not provided the alternative.
this will cause inflation.(just plain capital flight not as a result of increased quality)
why can't they wait till the Chinese factories are ready. then u ban.

theoldpretender:


Look, governments past and present have not done well...but me, I have stopped blaming government solely since 2014....when people like GEJ's minister of power started explain things.

The truth is, until DISCOS are allowed to set prices for what they sell..and are no longer forced to sell at a loss....we are not going to fix power. Yes, Government is making a mistake...but it isnt the way you think.

And until those of our countrymen and women too who don't pay for power start paying as well...and government pays its debts....power is not going to do well.

Its a harsh truth.

People who don’t pay for power ain’t the problem; if you no buy recharge card for phone how you wan call . A friend of mine went for a training in Southafrica and decided to enter Burundi for the weekend ; this small country have 24hrs power supply and they use almost the same type of prepaid meter we use in Naija . So once you exhaust your credit you just go to any store and buy the card , activate it and slot it in your meter . So the Govt needs to do more for our economy to grow and develop

eluquenson:
It's a PPP scheme but generation lies in the government hand. Get me fact before I believe what I striked. Nigerian government is the greatest hypocrites in the world.

Generation is in private hands..the GENCOS. Distribution is also in private hands...DISCOS.

It is transmission that is in government hands via the TCN

post=76576597:

We will definitely start somewhere.
All these develop countries started from somewhere.
Our country was taken back many many years in lack of development by some evil, criminal politicians.
We are on the track to a New Nigeria.

As usual when it backfire Buhari will blame previous administration

Timi1990:


People who don’t pay for power ain’t the problem; if you no buy recharge card for phone how you wan call . A friend of mine went for a training in Southafrica and decided to enter Burundi for the weekend ; this small country have 24hrs power supply and they use almost the same type of prepaid meter we use in Naija . So once you exhaust your credit you just go to any store and buy the card , activate it and slot it in your meter . So the Govt needs to do more for our economy to grow and develop

1.Most Nigerians don't pay for power. Am sure Burundi has power because MOST people pay for power...and their government does not owe money

2.Plus there are large parts of that country that don't have access to power too.

3.Tell me, where are we going to get the money from? Another loan won't help matters.

theoldpretender:


South Africa has been having rolling blackouts...and that is due to the money issues plaguing ESKOM.

Plus, they have bailed out SOWETO. Does that solve the real problem, that people are not paying for power? How long is the government going to keep on bailing out Soweto.? Keep in mind that it isn't just Soweto....

ESKOM is in financial trouble.



Investors cannot come because DISCOS are being forced by the same law establishing them to charge for power at a lower price than the generation cost. No investor is going to come and invest in power when he or she cannot make a profit.

Plus all the bailouts are because the DISCOS are finding it difficult to operate. They cannot get loans from the bank because only one third of their subscriber base pay for power on a regular basis ..and government owes then money too (N1trillion in bills)(unlike GSM companies who have 100% compliance because you cannot use a phone without paying..AND WHO got loans easily from banks because they could afford the money to pay).

Infact, one DISCO declared force maejure...and handed back the company to government (who is now looking for buyer).

Either the government allows DISCOS to set prices, enforces meters at the same time for all, and ends estimated billing...or we are going to continue to get poor supply.

My point is the demography of the areas being bailed out is justifiable because even Eskom does not concentrate on actual distribution of electricity in those areas so they choose to tap the electricity illegally hence the increase in Eskom loads. Nigeria Government give out bailout funds to DISCOS to continue running a system that does not even provide as much electricity, talk more of the rural areas that some don’t even have transformers. Let me inform you, I paid for 6 electric poles, and cables to tap Electricity to where I stay, PHCN came and told me those now belongs to them and I must continue paying for maintenance on my meter, am I supposed to be responsible for bringing electricity to my own home...? This is one case in over a million.

theoldpretender:


Power is in private hands. Both at distribution and generation level.

The only way Buhari can improve power supply is by, well, repealing that bit in the power privatization law that forces DISCOS to charge for power at a cost below production. This is what is driving away more investors.

But since that means high power bills...most Nigerians would say no.And politicians love their jobs more than they love development.

Nigerians and their government too have to pay the debts they owe the DISCOS. (You can't do much in a business where only one third of your customers are actually paying for the stuff)

Please how is discos charging blow the cost of production.

gratiaeo:

Please how is discos charging blow the cost of production.

I'll be brief..

DISCOS cannot accept all the power GENCOS sell because DISCOS cannot afford to buy the power GENCOS sell.

GENCOS too struggle to pay for gas they get for their gas powered plants.

DISCOS have their prices set for them by government...

Then government owes then N1trillion (Guardian on Sunday report) plus 1/3 rd of subscribers pay for power (BBC report )

And the truth is, we need billions of dollars to fix infrastructure, etc. The money is not going to come from the sky.

(And yes, I hate making this argument. But sadly...reality is a harsh mistress)

Modified...

Nigerians heaved a sigh or relief when PHCN was unbundled and many thought that Nigerians would eventually do away with candles. Contrary to these expectations, electricity supply appears to have gone from bad to worse. As the core investor in Eko DISCO, what seems to be the intractable problem with power supply in Nigeria? Lately, electricity supply has dwindled to an all time low, not only in Lagos but all over the country. What is responsible for this and what are the Discos doing to rectify the problem?


The unbundling of PHCN and subsequent divestment was a timely and pragmatic policy decision by the Federal Government to attract private sector capital and expertise in order to improve access to electricity, availability of electricity and overall quality of service. However, the transition towards reliability and viability of the power sector has been fraught with challenges that are not insurmountable but requires significant funding and systematic operational improvements that can only be achieved over a significant period of time. It is important to stress the huge capital outlay and timing requirements to resolve the notoriously common issues of increasing generation capacity, diversifying our energy mix, strengthening and expanding transmission network infrastructure to evacuate available power, distribution network reinforcements and extension, metering, customer enumeration, tackling electricity theft etc. The lists may seem extensive but the reality is that a prioritised, sequenced and synchronised implementation of all the identified solutions to these issues with all the sector players working off an integrated action plan will yield the desired results.

The drop in power generation in recent times is attributed to several interdependent factors. The power sector in Nigeria relies heavily on two primary feedstock for power generation. It is water in the case of Hydro Plants and Gas in the case of thermal plants. The thermal plants provide about three-quarters of the energy generated. Therefore, this near sole dependence on Gas invariably means that when there is any form of supply disruption, the ripple effect is a dip in power supply. These supply disruptions can be due to payment/liquidity challenges within the sector or pipeline vandalism. Due to the aforementioned liquidity challenges, generation companies find it difficult to pay for gas supplied to them. This is occasioned by the fact that the Discos are unable to pay the bulk trader (NBET) due to the non-existence of cost reflective tariffs and as such, the bulk trader who purchases power from the Gencos to sell to the Discos is unable to, in turn, remit payments to the Gencos.

[b]The price of gas is a pass-through cost from the gas suppliers to the generators who in turn pass the cost to the distribution companies on a monthly basis. The distribution companies are, however, unable to pass this cost to end users for two reasons. The first being that due to the low state of generation, customers are not willing to pay higher tariffs which should ideally reflect any increase in gas prices. Secondly, whilst the generators by virtue of their respective Power Purchase Agreements with NBET, pass through gas costs on a monthly basis following purchase, the tariffs for distribution companies regulated by the National Electricity Regulatory Commission and as such cannot automatically pass on this cost to consumers. This creates a huge shortfall for the distribution companies which accrue interest and a resultant inability to meet their payment obligations to other stakeholders in the power value chain. The second factor affecting gas availability for power generation is the recurrent vandalisation of the gas pipelines. Any shortfall in the supply of gas will affect the amount of power that can be produced which will in turn affect the stability of the grid and may occasion grid collapses[/b]

Rectification of the problem goes beyond the distribution level. The Disco on their part have been exploring other power procurement options, such as, embedded generation to supplement grid power.

Sauce :http://geplaw.com/power-sector-interview-with-mr-george-etomi-and-thisday/

post=76576597:

We will definitely start somewhere.
All these develop countries started from somewhere.
Our country was taken back many many years in lack of development by some evil, criminal politicians.
We are on the track to a New Nigeria.

tell that to people and families that lost there life in southern Kaduna.... Allah will surely visit you

Jestin:
Before you place ban on importation, we should have enough locally produced products first

That is a chicken and egg scenario that will make the dog of development chase its tail forever. Just how much carrot and stick does a black man need to move forward.