Pocca:
That's the consequence of nepotism and tribalism

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

Power supply remains a long term business. So, experts have argued that deploying short term loans will not work. What the sector needs are long term-loans at reasonably low interest rates by operators in the industry, which will assist them to scale up their business, roll out new network infrastructure, as well as upgrade and maintain existing infrastructure.

As it is, Gencos and Discos cannot meet their operating costs, much less meet their capital expenditure requirements. Without the latter, Discos in particular are unable to upgrade and expand their networks to supply electricity to underserved and unserved households, businesses and industries in their respective franchise.

Besides, the inability of Discos to charge cost-reflective tariffs, has rendered their businesses ‘unbankable’ and impossible for them to raise debt from banks and capital markets, or even from prospective investors

He further explained that between January 2020 and January 2023, the electricity tariff increased from 55 per cent to 94 per cent adding that “the unification of FX and current inflationary pressures are pushing cost reflective tariff to N184/kwh.”

yesloaded:
They want to keep him busy till 2027 and package him for the people of Oyo state as their next governor

phemmie06:
That is to justify how hard working he is

royalwax2:
The day we as Nigerians decide to stop supporting incompetent Idiots in power because of TRIBE and RELIGION, will be the beginning of "A greater Nigeria".

Racoon:
The irony depicting the state of power and energy under his reigns in Nigeria today. Useless incompetent buffon.

3exe3:
The national assembly did not accept the tarrif hike

Yourprick:
Lol

NSNO:

Who told you that a single dam can power an entire nation of over 200 million people?

royalwax2:
The day we as Nigerians decide to stop supporting incompetent Idiots in power because of TRIBE and RELIGION, will be the beginning of "A greater Nigeria".

jkpbestseries:
This man is very useless. Although kanji dam alone can serve the whole Nigeria light, but those big men involve in Generators and Solar business has refused the initiatives of us getting constant power supply.

jkpbestseries:
This man is very useless. Although kanji dam alone can serve the whole Nigeria light, but those big men involve in Generators and Solar business has refused the initiatives of us getting constant power supply.

Frezhkid10:

Not possible..e must get fault..

higgs:
There is need to privatise every segment of the power industry, from generation,transmission and distribution. Companies that are global players with good track records in the electricity sector should be allowed to bid.Nigerians keep hoping that government can provide electricity, the failure of Nitel,Nigerian Airways, Nnpc refineries etc have not taught us a lesson.

NSNO:

Who told you that a single dam can power an entire nation of over 200 million people?

3exe3:
The national assembly did not accept the tarrif hike

3exe3:
The national assembly did not accept the tarrif hike

NSNO:

Who told you that a single dam can power an entire nation of over 200 million people?

phemmie06:
What is the usefulness and relevance of this man to Nigeria in power sector?

jkpbestseries:
This man is very useless. Although kanji dam alone can serve the whole Nigeria light, but those big men involve in Generators and Solar business has refused the initiatives of us getting constant power supply.