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Energy is becoming one of the south afters. In short, it is a necessary tool to push urbanization, industrialization and technology. Even big conglomerates are looking for more energy and are making long term deals with suppliers.
Ok, I won't be going global in this article; I will be centering around our country and more precisely, how it has boiled down to our city. There have been a lot of economic inconveniences in the last 11 years. And when the general public thought they'd slipped off an inconveniencing 8 years governance, what followed suit was unexpectedly.
Subsidy removal followed suit on the very day of presidential handing over. Petrol prices push to the roof and well, it converted to a pressuring daily living. After a while, things started balancing up not in convenience but rather, high cost of living became a mentality.
The next move was taxes which we all know how it ends, when government place taxes on big companies, final consumers are actually those that bear the consequences. We are we now? Let me fast-forward.
The era of estimated electrical bills is over. At least majorly in the towns. I could remember while growing up, electricity supply was a rare thing. It will be a very good day to see general electricity up to 6 hours daily.
The citizens endured it, business was mostly done using generators. At least we can say by then it was affordable. PMS prices ranged from N100 to N145 per liter. Yes, affordability made a lot of things to be of less concern. How much are we talking of PMS prices today? A range from N1300 to N1400. While citizens were and businesses shifted their attention to general electricity, the government followed suit.
The formula is this; at least 20 hrs electricity daily at a price of 4.4 units per N1000 naira. The entire town is going prepaid. Ok, don't think I am thinking outdated in why electricity should not be properly monitored. No, let say, one thing needs to be properly put in place before shifting to another.
As it stands, cost of production is going to reshape itself in price and it will bounce back to final consumers. H
omes are facing the heat too. 4.4 unit for N1000 is way too small. I don't even think someone in a single room can manage that for an entire day unless he will have to use his fan, a few lighting and also charging of phone and PC.
A one room apartment will have to spend something around N4K daily which amounts to N120 monthly if he wants steady light. How much can be his salary putting transportation, feeding and other necessaries.
Turning to business, SMEs will face a heat. I am currently working on how to possibly re-strategize in order to meet up. Being a manager has been one hectic job month in month out. Our next move will have to be about stepping up our pricing because as it stands, we can't afford to overspend on energy at our loss.
Let's just hope the government look forward to increasing the current unit per N1K and I know it will have to be from the citizens pouring out their complaints.