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DisCos Implement 28.03% Meter Price Hike

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Nigerian Electricity Distribution Companies (DisCos) have introduced a new wave of price hikes for electricity meters, marking the second increase within four months.

According to recent announcements, the cost of single-phase meters has risen from approximately N117,000 to N149,800, representing a 28.03% increase, depending on the distribution company and meter vendor.

READ ALSO: Atiku Congratulates Trump, Calls For Support For Free, Fair Elections In Nigeria

The changes, disclosed on the DisCos’ official X (formerly Twitter) handles, took effect on November 5, 2024.

The price hike is attributed to the Nigerian Electricity Regulatory Commission’s (NERC) recent deregulation of meter asset providers, part of a policy introduced in April 2024.

The new policy seeks to foster a more competitive metering market, where prices are now set through competitive bidding rather than being regulated, aiming to improve service delivery and pricing transparency.

Prices vary significantly across the DisCos, based on location, vendors, and meter type.

Eko DisCo’s single-phase meters range between N135,987.5 and N161,035, while three-phase meters are priced between N226,600 and N266,600.

In contrast, Abuja DisCo customers will pay between N123,130.53 and N147,812.5 for single-phase meters and N206,345.65 to N236,500 for three-phase meters.

Other DisCos, including Ibadan, Kano, and Kaduna, also announced their specific pricing tiers, showing a general trend of rising costs across the board.

The deregulation under NERC’s Metre Asset Provider (MAP) scheme is a shift away from centrally regulated and often subsidized meter pricing.

By removing these operational restrictions, NERC anticipates that the market will foster greater competition among meter providers, thereby benefiting end-users with improved quality and accountability.

However, vendors must adhere to regulatory standards to ensure service reliability.

Despite these anticipated benefits, the price hikes have sparked renewed concerns among electricity consumers.

Many are worried about the affordability and accessibility of meters, which are essential for accurate billing and efficient energy management.

With deregulation, DisCos and customers are expected to gain more flexibility to negotiate favorable deals, although the immediate impact for consumers appears to be an increase in costs.

The Nigerian electricity sector, long troubled by inefficiencies and supply issues, faces a period of adjustment under these new market dynamics.

 

 

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₦2.13bn Ecological Fund: Anambra Govt Releases Fresh Details on Peter Obi’s Claim

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#NigeriaDecides: Obi Leads With 6 Of 8 LGs Declared In Plateau

The Anambra State Government has released fresh details challenging former Governor Peter Obi’s claim that he left more than ₦2.13 billion in an ecological fund account before handing over power in 2014.

The state government made the disclosure in a statement released on Saturday, September 26, 2026, titled “Peter Obi’s Debts and Lies: More Questions Than Answers.”

ALSO READ: ‘Obi Knows He Is Lying’ — Soludo Camp Releases Documents on ₦363m Workers’ Arrears Payment

According to the statement, the account number cited by Obi as containing the ecological fund was actually the Anambra State Government’s Internally Generated Revenue (IGR) Consolidated Account.

The government said First Bank, in a letter dated September 16, 2026, confirmed that account 2018779464 was an IGR account and not an ecological funds account.

It further claimed that as of March 17, 2014, the account balance was not close to ₦2 billion and that the account never recorded an inflow or balance of ₦2.13 billion throughout its active period between 2011 and 2018.

The state government consequently questioned the whereabouts of the money Obi said he left as an ecological fund.

The latest development follows Obi’s earlier defence of his administration’s financial record, in which he said the ₦2.13 billion was released for the Oko/Umuchiana erosion control project and was deliberately left for his successor to execute.

Obi had also maintained that the ecological fund was separate from the savings he said his administration left behind.

However, the Anambra Government also challenged Obi’s account of the state’s overall financial position at the time he left office.

It alleged that his handover document highlighted assets and savings while failing to adequately disclose outstanding liabilities.

The government claimed that the document included valuations for incomplete projects such as the Nnewi Shopping Mall, Onitsha Hotel and Agulu Lake Hotel.

It also alleged that a purported ₦10 billion Federal Government refund was included in the stated net balance even though the money had not been received before Obi left office.

On road infrastructure, the government said Obi’s administration had awarded and signed contracts for 101 roads covering 779 kilometres, with outstanding liabilities of about ₦127 billion at the time of handover.

The state government argued that such liabilities should be considered alongside the savings and assets attributed to the administration when assessing the financial position inherited by Obi’s successor.

The fresh statement has therefore reopened questions over the disputed ₦2.13 billion ecological fund and the broader financial position of Anambra State at the end of Obi’s administration.

While the Anambra Government says bank records support its latest position, Obi has continued to defend his administration’s financial record and his account of the ecological fund.

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ECOWAS: Shettima Calls For Stronger Unity, Engagement With Sahel Alliance

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Vice President Kashim Shettima has urged the new leadership of the Economic Community of West African States (ECOWAS) Commission to prioritise regional unity, integration and engagement with the Alliance of Sahel States (AES).

He made the call on Friday in New York, United States, while receiving the new ECOWAS Commission President, General Birame Diop (rtd), and his delegation on the sidelines of the 81st Session of the United Nations General Assembly.

Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications, disclosed this in a statement issued on Saturday, September 26, 2026.

SEE ALSO: ‘A Nation Cannot Escape the Bill’ — Atiku Questions Tinubu’s Third UNGA Absence

Shettima urged the new ECOWAS leadership to prioritise regional integration and build stronger relationships among countries across West Africa.

“Beyond your administrative duties, your leadership of the commission must make deliberate efforts to build bridges of friendship across the sub-region. ECOWAS should be at the forefront of our engagement with emerging blocs in the area such as Alliance of Sahel States (AES).

“I urge ECOWAS under your leadership to champion the cause of regional integration and strengthen the bonds of unity and friendship among our people,” the Vice President said.

He also urged the commission to take private-sector participation seriously in the execution of the Lagos-Abidjan highway project.

Shettima congratulated Diop on his election, noting that he assumed office at a difficult time requiring greater synergy and cohesion among leaders and people of the sub-region.

The Vice President assured the new ECOWAS president of Nigeria’s continued cooperation and support, saying President Bola Ahmed Tinubu remained committed to efforts aimed at transforming the regional body.

“My boss, President Bola Ahmed Tinubu, is a man of honour and conviction who will always support efforts aimed at advancing the transformation of ECOWAS as a regional body, and the progress of the area in general,” Shettima said.

He added that Nigeria would continue to create an enabling environment for ECOWAS to succeed and contribute to the attainment of the vision and objectives set by its founding fathers.

Earlier, Diop commended Nigeria for its role in the establishment and sustenance of ECOWAS, as well as its sacrifices for the stability and prosperity of the sub-region.

He said the commission was facing challenges, including insecurity and lagging development, which required Nigeria’s intervention as a “big brother.”

The ECOWAS president described the organisation as a tool for regional stability that should be encouraged and supported, while urging other countries in the sub-region to cooperate with Nigeria towards achieving inclusive development and a better future for West Africans.

The meeting was attended by Foreign Affairs Minister Bianca Odumegwu-Ojukwu, Minister of Justice and Attorney General of the Federation Lateef Fagbemi (SAN), Nigeria’s Permanent Representative to the United Nations Jimoh Ibrahim and senior officials of the ECOWAS Commission.

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Dangote Hosts Kenya’s President Ruto At Refinery

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Kenyan President William Ruto on Friday toured the Dangote Petroleum Refinery and Petrochemicals Complex in Lekki, Lagos, where he was hosted by Dangote Group President and Chief Executive Officer, Aliko Dangote.

The visit comes ahead of the planned September 30 groundbreaking of a proposed 700,000-barrel-per-day refinery in Lamu, Kenya, being developed with Dangote.

ALSO READ: Dangote to Support Two Million Women with Refinery IPO Share Ownership

The Dangote Group had earlier confirmed that Dangote would host Ruto during his visit to the Lagos refinery.

The planned Kenyan refinery is expected to expand refining capacity in East Africa and strengthen petroleum supply in the region.

Ruto had earlier said discussions with Dangote and Africa Finance Corporation CEO Samaila Zubairu focused on financing and final preparations for the project.

Dangote is targeting a combined refining capacity of 2.1 million barrels per day through the planned expansion of the Lekki refinery and the proposed Kenyan facility.

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