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If you’re working on something interesting, let’s talk.
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This is exactly the same thing I’ve been thinking about for a while. It appears like we’ve confused good policy design with good policy outcomes.
Subsidy removal, FX liberalisation, tax reforms and those “hard economic policies” sound good and they appear correct on paper. But these policies assume a functioning safety net, productive capacity that can absorb the shock, and a state that reinvests the savings into the people. Strip those away and you’re not implementing any reform, you’re just transferring pain downward which is what this administration has been doing.
Three years in and the people have not benefited from these policies. Commodity prices up 3–4x, school fees unaffordable but ofc, there is NELFUND lol, real wages destroyed. The “savings” from subsidy removal haven’t visibly returned to citizens in any form.
Good policies without structural follow-through aren’t good policies. They’re just austerity disguised as improvements and we all would be used as collateral damages for the perceived improvement.
A little over a year and several rounds of procrastination later, I finally built something
"Iya Oloja" is an open API for Nigerian market data.
You can explore it, use it, and contribute markets from your state/LGA.
It’s live: https://t.co/1jqMfIkMmf
And if you like it, please checkout and star the repo too: https://t.co/7aKHinR0JQ
Like most problems in Nigeria, the situation about power in Nigeria is a cyclicality one. It will be very hard to solve and it is a policy problem.
To start with, if you want to know whether a good or services should be paid for by the government or individuals, you must first assess what type of goods it is - is it a private good or is it a public good?
If a public good, wherein the consumption of one overlaps withe the consumption of another entity, then yes the government needs to intervene. Ideally, it is that your consumption does not reduce mine, and it is hard (or impossible) to stop people from benefiting.
But if a private good, wherein its consumption is exclusive to an individual, then individuals need to pay themselves. The intuition is that if you consume it, I cannot consume the same unit, and I can be excluded if I do not pay.
Omo, I don’t know about you but I now put off my refrigerator to avoid damaging stuffs inside because of excess electricity supply.
Even the ‘Fridge’ part of the refrigerator now freezes stuffs
To imagine that this is happening at the peak of dry season is unprecedented!!
Kudos to President Bola Ahmed Tinubu’s administration for making this possible. I hope it continues
My location: Abuja
@fimiletoks we now have more thermal stations than we used to, & power should be more available coming dry season than it used to, I also laud Adelabu for his strides. However, the dry season thing is not totally a myth as d demand for energy during this period spikes. Hence, reception drops
Dry season excuse was the nonsense NEPA told your parents in the 80s. 85% of our electricity is now generated from gas. The most important factor is gas supply and payments.
Take your time to download reports from NBET and study it. Even from the invoices submitted, you will see the % contribution to electricity supply from each source.