Thoughts on the electricity “road map”

So the new electricity “road map” was announced a week ago and it involved splitting up the distribution end of phcn and selling them off. The idea is to create efficiency in the distribution of electricity ( at least in terms of people paying their bills). This should make phcn ( who still owns the… Continue reading Thoughts on the electricity “road map”

Progess (maybe) but I hope that is not it.

Electricity “reforms” continue with the planned sale of 11 distribution companies. The FG had previously said that they would announce an electricity reform blueprint by the end of august. I am hoping that this is not all they plan to announce. That being said, what difference will selling of the distribution companies make? For starters… Continue reading Progess (maybe) but I hope that is not it.

Sim card registration? What? Why?!!?

Call me ignorant but I just stumbled across the phenomenon called “sim card registration”. The bulk of the gist is to get a working sim in Nigeria from Aug 1st you will have to register and provide your bio metric information and all that. Why? Apparently cellphones are now used as a tool to commit… Continue reading Sim card registration? What? Why?!!?

Hey we are are broke. No wait, we are not.

Hey we are broke! No wait, we are not broke. Ok you are not broke, you are insolvent. Well we are only insolvent because of the money you owe us and have not paid. But you owe us more than we owe you. You do? Hold on let me ask the CEO you just fired,… Continue reading Hey we are are broke. No wait, we are not.

Multi-year tariff order vs Electricity Trading

I wrote something a couple of weeks ago about why the setup of the electricity sector in Nigeria leads to too little production, very few incentives to actually increase capacity and an electricity pricing regime that is stagnant. And all this is without corruption and government ineptitude. The flavour of the month now is the… Continue reading Multi-year tariff order vs Electricity Trading