Connect with us

Hi, what are you looking for?


FG Increases Electricity Meter Prices by over 30%


The federal government, through the Nigerian Electricity Regulatory Commission (NERC), has increased the price Nigerians will from next Monday pay for single phase and three-phase meters by between 30.6 per cent and 32.3 per cent respectively.

Making the announcement in a circular signed by the commission’s Chairman, Sanusi Garba, dated November 11, 2021, NERC stated that the new prices were exclusive of Value Added Tax (VAT)


The commission’s order, which hiked the single-phase meter from the current cost of N44,896.17 to a revised price of N58,661.69 and the three-phase meter from the cost of N82,855.19 to a revised rate of N109,684.36, was addressed to managing directors of all electricity Distribution Companies (Discos) and all Meter Asset Providers (MAP).

Details to come…

You May Also Like


Cristiano Ronaldo’s Team Debunks Reports of £173m-per-year move to Saudi club Al-Nassr Cristiano Ronaldo’s team has refuted reports that the forward will sign a...


Nike “terminates its contract with Kyrie Irving” over anti-Semitism controversy Kyrie Irving, a player for the Brooklyn Nets, and the sportswear behemoth Nike have...


Japan vs. Croatia: Croatia advances to quarterfinals After losing 3-1 on penalties against Croatia on Monday, Japan’s amazing run in Qatar came to an...

Banking News

Sterling Bank Plc, Nigeria’s leading financial institution, has said it is committed to supporting the annual Ake Books and Arts Festival because it sees...