Thursday, March 5, 2015

EXPOSITO!!! Average Nigerians Spend 1Trillion To Generate Power Yearly

we are really not enjoing in this country , this simple arithmetic just opened my eyes to a couple of truths , don't we really need change? Just this evening I saw a news that $700Million was found in the house of a Nigerian Female minister and now this...... There is corruption in high places , see this
Simple transformation arithmetic

Minimum number of generators ----------5m

Average spending daily on fueling -N500 x 5m = N2.5b

Monthly-----------------2.5b x 30days = N75b

Yearly------------------75b x 12months = N900b
spent by Nigerians to provide power for themselves

Cost of each generator - N20k x 5m =100b
so ----------------------------- 900b + 100b = 1Trillion Naira

Total-1trillion projected spendings on power yearly .

Beneficiaries - Government ,oil traders and generator sellers
Sent from my BlackBerry® smartphone provided by Airtel Nigeria.

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