LagosFirstSon:
The fools Nigerians voted

He said the sum of $10 billion is needed yearly for the next ten years to revive the nation’s power sector and nip in the bud the challenges bedeviling it.

“For this sector to be revived, the government needs to spend nothing less than 10 billion dollars annually in the next 10 years

“This is because of the infrastructure requirement for the stability of the sector. But the government cannot afford that. And so we must make this sector attractive to investors and to lenders.

“So, for us to attract investors and investment, we must make the sector attractive, and the only way it can be made attractive is that there must be commercial pricing.

“If the value is still at N66 and the government is not paying subsidy, the investors will not come. But now that we have increased the tariff for A Band, there are interests being shown by investors,” he said

3.The entire sector will be grounded if we don’t increase the tariff. With what we have now in the next three months, the entire country will be in darkness if we don’t increase tariffs.

In 2013, Nigeria decided to privatise the sector. But 10 years after, the expected yields from the privatisation of the NESI have been hampered, in part, by the inability of the Distribution Companies (Discos) to charge cost-reflective tariffs.

As a result, all operators in the NESI value chain have been affected, effectively constraining investment in the downstream, comprising the Discos; midstream, where the Transmission Company of Nigeria (TCN) holds sway and upstream segment, comprising the gas producers and Generation Companies (Gencos).

With such constraints, although total national installed generation capacity stands at 13,000MW, Nigeria barely manages to get a third of that to where power is needed. The rest is stranded.

Thus, what this means is that there’s a misalignment of the entire value chain from gas to consumers. Without cost-reflective tariffs, the federal government has been forced to subsidise the real cost of electricity

vegatron:
I think kicking out the British was a big mistake, Nigeria is ran by fools.

tete7000:


If the money were stolen and government is aware, what have they done to recover the stolen money. If they recover stolen money and reinvest, they won't need to saddle citizens with so much burden. Are they not part of the same people who have stolen the money?

Gjrich:

https://dailytrust.com/fg-to-nigerians-accept-tariff-hike-or-face-total-blackout/

IPIGSRSHALLOW:

My moniker is a true reflection of the delusional retar@ded imb@cile often shallow IPOB retards. If it bothers you, then you can do the needful by proceeding to the 3rd mainland bridge.
Get lost.

Gjrich:

https://dailytrust.com/fg-to-nigerians-accept-tariff-hike-or-face-total-blackout/

immortalcrown:
That's a shettimanic order from the fake bishops of the Agbado diocese. This is where the privatisation of electricity distribution has landed Nigeria. Private refineries will be like this.

It is so abnormal that their keyboard warriors see nothing wrong with the administration. They will rather raise one topic about Obi than to complain about their paymasters.

Tolani045:


Who are you telling? 😅

Gjrich:

https://dailytrust.com/fg-to-nigerians-accept-tariff-hike-or-face-total-blackout/

TosineGuy:
I'm so used to blackout that I don't subscribe on my DSTV. I only on my generator when my girlfriend visits me or to charge my phone. But due to the recent petrol scarcity, I charge my power bank and phone at a Charging center. I'm even thinking of selling my TV

suckmedownthere:
When a person is outrightly stupid and his parents are rich enough to give him the best education and they are surrounded by very wealthy friends and family he can be helped to become a minister or governor because of his father and grandparents connection, all of them knows he is outrightly stupid and failed all his subjects and courses in school but they can buy his way through all that and give him a very well paid job not knowing HE IS BORN A FOOL AND WILL DIE A FOOL....FOR A FOOL HE IS AND CONTINUE TO BE..

TosineGuy:
I'm so used to blackout that I don't subscribe on my DSTV. I only on my generator when my girlfriend visits me or to charge my phone. But due to the recent petrol scarcity, I charge my power bank and phone at a Charging center. I'm even thinking of selling my TV