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  #20521 (permalink)  
Old 8th June 2017, 01:28 PM
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Default Re: Economicwatch

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Originally Posted by migiets View Post
Has all the levels of government paid their debts to the DISCOs?. Let the government pay their debts and then they can have the moral rights to castigate the DISCOs for non performance. Imagine if NITEL was privatized and the government still owing huge telephone bills.
The DISCOs truly have some understandable challenges but right now, they are the cogs in the wheel of progress. Did you hear some of the allegations Fashola made against them ? e.g not opening their financial books for scrutiny and rejecting power allocations with flimsy excuses.
Also their revenue collection ratio is plain pathetic. 25% of revenue collectables ???
I am sure some of those old NEPA/PHCN rogues are still there and their influence must be broken.

They should tell Government how they can be helped in terms of stiffer punishment for criminal bypass of meters e.t.c.
The GENCOs are the best functioning part, those ones just want good returns on their investement, the Transmissions is improving too but these DISCOs are really what Yorubas call Oniwahala.

Last edited by duduspace; 8th June 2017 at 01:31 PM.
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  #20522 (permalink)  
Old 8th June 2017, 01:35 PM
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Default Re: Economicwatch

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Originally Posted by Waves View Post
I hope you know some of these debt they are talking about relates to power supplied not by these DISCOs but largely by NEPA and PHCN. Meanwhile, these businesses were sold with only the assets but no liabilities.
What debts sef ? When government has given them financial support over 700b to stabilize them via NBET ???
Those DISCOs need to be dealt with, Oga Migi should ask why they are resisting the Government's Willing buyer/Willing seller initiative and claiming a useless exclusivity clause that exists neither in spirit or letter of the privatization process.
There are certainly other problems but these DISCOs right now are the main problem.
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  #20523 (permalink)  
Old 8th June 2017, 02:15 PM
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Default Re: Economicwatch

Quote:
Originally Posted by duduspace View Post
The DISCOs truly have some understandable challenges but right now, they are the cogs in the wheel of progress. Did you hear some of the allegations Fashola made against them ? e.g not opening their financial books for scrutiny and rejecting power allocations with flimsy excuses.
Also their revenue collection ratio is plain pathetic. 25% of revenue collectables ???
I am sure some of those old NEPA/PHCN rogues are still there and their influence must be broken.

They should tell Government how they can be helped in terms of stiffer punishment for criminal bypass of meters e.t.c.
The GENCOs are the best functioning part, those ones just want good returns on their investement, the Transmissions is improving too but these DISCOs are really what Yorubas call Oniwahala.
I quite agree they have some challenges and also are a problem. It seems they had some 'laptop' carrying foreign breed as experts and consultants that did not know nor take into account peculiar local conditions. For instance, i had expected them to have a road map on how to collect revenue from such places like Ajegunle, Amukoko, Igando, Okokomaiko, Police Baracks, Army barracks, Federal secretariats etc but they still want to stick to the old method of estimating bills that is fraught with so much corruption and leakages.
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  #20524 (permalink)  
Old 8th June 2017, 03:24 PM
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Default Re: Economicwatch

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Originally Posted by migiets View Post
I quite agree they have some challenges and also are a problem. It seems they had some 'laptop' carrying foreign breed as experts and consultants that did not know nor take into account peculiar local conditions. For instance, i had expected them to have a road map on how to collect revenue from such places like Ajegunle, Amukoko, Igando, Okokomaiko, Police Baracks, Army barracks, Federal secretariats etc but they still want to stick to the old method of estimating bills that is fraught with so much corruption and leakages.
This guy nailed it

Privatisation of the Power Sector: What Went Wrong?, By Odion Omonfoman – Premium Times Opinion
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  #20525 (permalink)  
Old 8th June 2017, 06:18 PM
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Default Re: Economicwatch

The guy really nailed it.

Btw, i know the guy personally. You know say i be Security Guard on minimum wage.
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