Nigerians to pay more for electricity, says BPE DG

23

From ISAAC ANUMIHE, Abuja

Even as Nigerians are still groaning under the recent increase in electricity tariff, Acting Director General of the Bureau of Public Enterprises, Mr Benjamin Ezra Dikki, yesterday, gave the indication of more increases in their monthly bills.

Speaking at the signing of Transaction and Industry Agreements for the Power Holding Company of Nigeria (PHCN) successor companies in Abuja, Dikki admonished all Nigerians to be willing to accept increased electricity tariff as the privatisation exercise in the power sector is nearing completion.

But he assured that the increase in the electricity tariff would only be in the short run as the tariffs are bound to fall in the long run as a result of massive investment in the sector.

He recalled the dramatic crash in the prices of SIM cards in the telecommunications sector as a result of competition and investments in the industry, adding that the same thing would happen to the power sector as the gradual removal of subsidy in the sector would in no way match the prices electricity consumers in the country pay to fuel their generators.

The Acting BPE DG described the signing ceremony as the beginning of a voyage, stressing that there is still the need for route charting, navigation and steering in the right direction.

As the final handover date of the successor companies to the preferred bidders is near, Dikki said there were transitional issues that would arise between the payment of 25 per cent and the handover of the companies to the core investors.

He said the rules of engagement between the preferred bidders , the staff and management of the successor companies needed to be carefully defined and handled while arrangement that would allow the preferred bidders to monitor activities in the successor companies needed to be put in place also.

The Chairman, Technical Committee of National Council on Privatisation (NCP), Mr Atedo Peterside, who was represented by the Vice Chairman of the council, Alhaji Haruna Sambo, told the core investors that within 15 business days after signing the sale and purchase agreement or the shareholders agreement, the bidders shall make a down payment of 25 per cent of the purchase price and pay the balance of 75 per cent of the purchase price after 90 days of signing the agreement.

He said that the final handing over would be done after the payment of the full purchase consideration.

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23 Comments

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  2. It will be criminal and and a calculated attempt to strangulate the citizenry of this country, if the govt contemplate any other increase in electricity tarrif in addition the the already existing criminal tarrif that are hardly commensurate with the epileptic supply of light to the cosumers.

  3. Those who are still saying that there is no improvement in electricity makes me ask where they are living. Are they living in the jungle . There is no doubt that there is a remarkable improvement in the supply. At Ikorodu where I live, I have 20 hrs of electricity and four hours of generator use, unlike during the previous administration where we had 8 hrs or less of electricity and 16 hrs of generator use. With this privatization , it will cost less to have 24 hrs supply of electricity when you check the cost per month to run electricity. Those that don’t have Gen use candle. A three or four bedroom house will need 12 or more candles a night. Each candle costs about 30 naira which comes to 360 a night which is a conservative estimate. This comes to about 10,000 naira monthly and we have not considered the hazard one is exposed to using candles. Houses have been burnt, lives lost. It is even worse with using kerosine . Even if the PHCN Tarrif comes to 10,000.00 naira monthly, with 24 hrs supply, it is indeed an achievement for this administration. With constant power, more jobs will be created, mobile phones will cost less to use, companies that run on generators will bring their prices down . It is a chain reaction. Eventually the tarriff of PHCN will crash like cost of SIM cards.

    • What makes you think it will be possible to swap customership between electricity companies like the way we swap sim cards in GSM? You must be living in the land of George Orwell Animal farm to think like this. You had better prepare for another round of exploitations by our corrupt public officials because they are the ones buying off these companies using their cronies.

  4. Nothing is been said about increament in power supply, only increament in tariff.

    God pls help us. take us out of this egypt called nigeria to our Land flowing with milk and honey.

    • There are nothing good coming from abia state. Your governor TA stand cursed. so the people are living in bondage. There are improvement on electricity in other states, but not noticable in abia. So you need to liberate from the bondage and this wil not happen until TA Orji and his devish angels get their unceremous exit.

  5. This is official stealing,how can somebody pay for what he/she did not use?There is no electricity in the country,even aso rock cannot boast of 12hrs of uninterupted power suppply talkless of other parts of the country.If only there is steady power supply,nigerians being shock absorbers would gladly pay.Another problem will be sabotage that must come from gen.set dealers who would see this as a plot to put them out of bussiness.This set of people will do everything to keep nigerians in pepetual darkness provided there business thrives.

  6. The analysts I made above is an estimate for a low income family. Those that use diesel generators consume 12to 15 liters an hour @ 160 naira a liter. The petrol generators 5 kva and above use 4 or 7 liters per hour @ 97 naira depending on the cost you got your petrol. The giant manufacturing companies that use two 1000 or 2000 kva that can consume 200 liters per hour will pass the bill to consumers. That is why the cost of locally produced goods are more expensive than imported ones. Some companies have relocated to Ghana , whose land mass and population will not match Lagos or Kano. Jobs are lost due to relocation but with good supply, a lot of goodies will come our way. Rather than criticize for political reasons, let us acknowledge the fact that the GEJ administration is taking us to the promised land. As Nigerians let us , resolve today to assist this effort by way of paying bills promptly, stop vandalization of power cables as well as illegal connections. Report anyone you see doing any of these. We have to protect our property.
    I beg the investors to use correct materials and equipment like the ones they use in their country which still supplies power during thunderstorms. PHCN will switch off at the slightest flash of lightening . Abroad, it only wind like tornadoes that uproot trees which physically destroy cables and for repairs to be made, they switch off and work fast to restore power. Don’t operate like the Mobile Telecomms companies which have created a vocabulary of” NETWORK PROBLEM ” for us. Rain, lightening , thunderstorms should not affect power supply. I rest my case.

  7. The Jonathan government have not done any good to the poor mass of these country. Increment for everything. God please help your children from the hand of these crooks called their self leaders.

  8. I STRONG BELIEVE THAT THEIR IS SOME DEMONS IN NIGERIA THAT REFUED TO LEAVE,THAT MAKES THEIR LEADERS TO HINDER. THEIR HEART FROM THE VOICE OF MASS…BUT I THINK THAT DEMONS CAME IN AFTER CIVIL WAR AGAINST IGBOS ..SINCE AFTER KILLING OF IGBOS THE DEMONS REFUSED TO GO..SO NIGERIA WILL NEVER BE BETTER ONLY WE DIVIDE THIS SO CALL EVIL,WICKED,CORROP,SELFISH,TRIBALISM ,HEARTLESS,CRIMINAL MINDED, COUNTRY…THAT WHEN THING WILL BE BETTER .

  9. Curiosly, DG said nothing about ‘service quality’! Most policies here are aimed at impoverishing the citizenry rather than empowering them. Where are the free prepaid meters the minister promised last year? I’m yet to come across one in Niger State where I live. It’s easier to manipulate people in the face of extreme poverty; Their strategy.

  10. THERE IS EVERY NEED THAT THE GOVT MUST WORK TOWARDS ACHIEVING A REASONABLE TARIFF FOR NIGERIANS,OTHERWISE,IT WILL NOT WORK WELL,PPLE WILL NOW START LOOKING FOR A WAY OUT,COS POWER IS VERY ESSENTIAL.

  11. Hear that fool comparing gsm with electricity! Can u switch over to another electricity source as in gsm network? FOOLS at all times!

  12. We are used to paying very high tariff for energy in this Country without knowing. Imagine when some one spend #30,000.00 for fuel and Generator maintenance, and at the end of the same month, a PHCN Official will bring a bill of about #8000.00 for service not rendered, which statutorily must be paid for, thereby summing up the energy bill for the month at #38000.00. If energy will be available normally. and bill adjusted to #16000.00 (that is 100%) without allowing the use of Generator, we will welcome it and be willing to pay.

  13. @ ColNwako, I think u’ve been commissioned to make analyses & buy the minds of Nigerians through this forum? It will not work for u & ur cohorts cos I can see some lapses in ur analyses. U’ve not been able to forcast adequately the frequency of the supply of power during the period of the increment, hence an empty analyses. Again, how possible is it going to be in terms of swapping electricity as we have in SIM card?

  14. Don’t mind that stupid colnwako or what he called himself….ok let me ask the stupid colnwako…you want us to pay 10,000naira a month while 90%of Nigerian are living below 1dollar a day so tell me were they will get the money to pay for there electricity bills….have you seen how our rulers think ?

  15. Colnwako or what do you call yourself, pls think well before you comment, in that case where do you live in Ikorodu and when did you use light for 18 hours? Is like the have sent you…….

  16. I pray the privatization works, only then will nigerian know that this administration is a wicked one. PHCN has no blame for darkness in nigeria that’s my observation.

  17. We build our house we will pay conection fee we buy cables we pay maintanance fee we contribute money to buy transformer and poles we transport nepa ladder we pay for workmanship then we pay nepa bill and we remain in darkness. Nigerians! what are we???

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