Nigerians React As FG Increases Cost Of Electricity Meters

The New Diplomat
Writer

Ad

Ranked: U.S. Crude Oil Imports by Country

Key Takeaways In 2024, 61.7% of America’s crude oil imports were from Canada. Meanwhile, Mexico accounted for 7.1% of crude oil imports. Crude imports make up about 40% of the oil that is refined in America, much of which is heavier crude compared to America’s light oil. For decades, America was a net importer of…

Alleged N85 Billion Nigeria Air fraud: Ex-Minister Sirika Debunks Allegations

By Abiola Olawale The immediate-past Minister of Aviation, Hadi Sirika has spoken on the controversies surrounding the Nigeria Air project, a national carrier initiative that sparked widespread criticism. Speaking during an interview with Channels TV on Wednesday, Sirika dismissed claims of fraud and mismanagement. Sirika, during the interview rejected allegations of fraud, claiming that Nigeria…

Alphabet surges after court rejects DOJ’s call to break up Google in antitrust case

By Obinna Uballa Alphabet shares jumped 6% in premarket trading on Wednesday after a United States court rejected the Department of Justice’s (DOJ) push to break up Google in a high-stakes antitrust case. The DOJ had proposed divesting Google’s Chrome browser and imposing strict restrictions after the company was found last year to hold an…

Ad

The Federal Government has announced the decision to increase the cost of both single-phase and three-phase electricity meters.

This announcement was made in a circular issued on 11th of November, 2021 by the Nigerian Electricity Regulatory Commission (NERC).

In the circular addressed to all electricity distribution companies, meter asset providers across the country, the NERC directed that the price of a single-phase meter be raised from the current cost of N44,896.17 to a revised price of N58,661.69.

Also, the price of a three-phase meter will be raised from the current cost of N82,855.19 to a revised rate of N109,684.36.

The directive will also take effect from November 15, 2021.

Following the announcement of the increase, Nigerians on social media have lamented the persistent hike in the cost of goods and services in the country.

Below are some of the reactions harvested on social media: “Food increase, electricity increases, data increase, fuel increase, suffering and smiling.”(@southboy)

“If they don’t increase electricity price, how will they pay up the debt they’re incurring from China?”(@christo)

“Increasing meter price not tariff. Okay got it. Clueless set of leaders. One day, all these will end and Nigerians will be happy again. Keep increasing everything until we would not be able to afford anything again, then we will come for you all.”(@docmimi6)

Ad

X whatsapp