By Moses Okorie
365Daily – Prices of electricity prepaid meters have been hiked from N82,855 to N109,684 for three-phase while single-phase meter is increased from the current cost of N44,896.17 to N58,661.69.
This was contained in a circular written by the Nigerian Electricity Regulatory Commission, NERC, to the managing directors of all Electricity Distribution Companies and all Meter Asset Providers in the country, dated November 11, 2021, and signed by the Chairman of the Commission, Sanusi Garba.
It could be recalled that the Central Bank of Nigeria had in October 2020, issued the Framework for Financing of National Mass Metering Programme, under which the bank is expected to provide financing support to the Distribution Companies (DisCos) for the procurement of meters for customers.
The government had launched the first phase in October 2020, with distribution of six million free pre-paid electricity metres to Nigerians through the National Mass Metering Programme.
The scheme was launched in Eko, Kano, Kaduna and Ikeja Distribution Companies (DisCos) .