More hardship for Nigerians as FG reviews prices of electricity meters

Nigerians will have to brace for more economic hardship as the federal government has increased the cost of both single-phase and three-phase electricity meters, effective November 15, 2021.

The development is contained in a circular dated November 11, 2021 by the Nigerian Electricity Regulatory Commission (NERC) and addressed to managing directors, all electricity distribution companies and all meter asset providers.

According to the circular, with reference number NERC/REG/MAP/GEN/751/2, the price of a single-phase meter has increased from the current cost of N44,896.17 to N58,661.69.

It also increased the price of a three-phase meter from the current cost of N82,855.19 to a revised rate of N109,684.36.