Power consumers nationwide may start to pay more for electricity, following plans by the Federal Government to carry out a review of power tariff, The PUNCH has learnt.

This came as the Federal Government said on Wednesday it had commenced the procurement of four million meters meant to be distributed free of charge to unmetered power users nationwide.

It also put the number of unmetered electricity consumers in Nigeria at about eight million, adding that over 860,000 meters were distributed for free to power users under phase zero of the National Mass Metering Programme.

It was learnt on Wednesday the Nigerian Electricity Regulatory Commission would review the country’s power tariffs by next month, barring any unforeseen circumstance.

On the four million free meters being procured, the Deputy General Manager, Consumer Affairs, NERC, Shittu Shuaibu, described it as the phase one of the NMMP, which had commenced.

Shuaibu, who spoke during a live radio programme monitored in Abuja, said the Meter Asset Providers, working with the distribution companies, had been able to deploy about 860,000 meters under phase zero of the mass metering programme.

He said, “The programme is supposed to run in three phases which include phase zero, phase one and phase two. Phase zero was rounded up around the end of October. Phase one has actually commenced and it is another government intervention of about four million meters.


“So far we have deployed about 860,000 or close to 900,000 meters, which were part of the one million meters that was procured as part of government intervention. For the four million meters, the procurement process has commenced.”

He explained that the mass metering intervention was not free as such because the government was giving out loans for the provision of these meters to Nigerians.

Shuaibu said power distribution companies would be part of the loans and were to refund it over a period of 10 years at a very reasonable rate through the Central Bank of Nigeria.

On plans for tariff review, the NERC in a notice on the review of transmission loss factor in Multi Year Tariff Order, informed the general public and industry stakeholders of the commission’s intention to commence two key reviews.

It outlined them to include the Extraordinary Review of Transmission Company of Nigeria’s Loss Factor (TLF) in the MYTO, and the processes for the December 2021 review of MYTO – 2021.

It said the December 2021 MYTO review was to consider changes in relevant macroeconomic indices, generation capacity and capital expenditure required for evacuation and distribution of the available generation capacity in compliance with extant rules.

The commission explained that pursuant to the provisions of the Electric Power Sector Reform Act, the NERC adopted the MYTO methodology in setting out the basis and procedures for reviewing electricity tariffs in Nigeria.

The methodology provides for minor reviews every six months, major reviews every five years, and extraordinary tariff reviews in instances where industry parameters have changed from those used in the operating tariffs.

This change is usually to such an extent that a review is required urgently to maintain industry viability.

The commission said stakeholders and the general public were invited to send their comments to the NERC within 21 days from the date of the notice, which was on November 16, 2021.

Source: https://punchng.com/FG-raises-power-tariff-December-begins-free-meters-purchase

People can see APC government we voted for change. People who are already buying their poles, cables and transformer would now again get loan from government to buy meters. Why are people pretending they fear God

Ok. Noted.

I think Everything in Nigeria is regulated by people that have no real connection to the people, culture.

By those who never had the poors interests at heart, they didn't care about our survival or well being of most people, they just want to keep raping our land, by exploiting our people, our remaining industries and our resources.


2023, Destroy the image and the enemy will die

It's becoming increasingly difficult to survive as a Nigerian these days with cost of living growing astronomically beyond the means of the common man without commensurate improvement in standard of living.

Hello God by Dolly Parton is what we need to adopt as anthem in this period of uncertainty

They can afford to increase everything in Nigeria because it don't affect the rich class

Lubish..

Make dem snuff life out of the poor people already.

What is left, yet?

Demonic, insensitive, and inhumane is an understatement.

Patronise my signature

Thunder fire anybody supporting this government!

I believe Nigerians have learnt the hard way..

Buhari will change the country, shebi Una Don see am.. Rubbish

Been a Nigerian is one of the slowest form of commiting suicide.

and to think that Yorubas are ready to vote this useless party just because of one criminal drug baron and fake pretentious pasta called Osibanjo.

honestly without hiding it
Yorubas are the one killing this country and I don't know why.
quite pathetic
and that's because they see election as football competition and not the opportunity to elect good governance.
if not tell me one single thing a common street man has ever benefited in this government since coming in

One thing i like about Buhari is that he is not only making life difficult for all Nigerians but he is also giving sense to Mumurics that said only Muslim will rule Nigeria. Enjoy it while it last.

Na the person wey get money go pay now...let them increase all tariff I will not still pay a dine...

Hehehe.

They will keep on taking from the poor masses until they will have nothing else to give.

Shame on the people still supporting these guys in power,they have done absolutely nothing for close to 6years.

1 dollar to 1 naira is still loading.

We will fight insecurity and insurgency from the front is a mirage.

Reduction of fuel price is a lie from the pit of hell.

We will not seek medical attention outside Nigeria, this particular one is the biggest joke of the century. We know people who practically lives abroad. Our darling daddy can attest to that.

3 million jobs per year,hehehe,our resident zombies were employed in NNPC branch where the pay is 30k.
If I continue,we know I can't finish all the Lie's that was packaged for us that year.

There was a country called Nigeria

waldigit:
People can see APC government we voted for change. People who are already buying their poles, cables and transformer would now again get loan from government to by meters. Why are people pretending they fear God

You and who voted APC?

I no understand...na every month dem dey increase the power tariff?

Sorry o. All una wey vote bambiala almajiri...I hope the hardship bites you more, wherever you are. Come 2023, please vote another almajiri again. N0nsense.

adenigga:


Source: https://punchng.com/FG-raises-power-tariff-December-begins-free-meters-purchase

Nothing good ever comes out from Buhari and APC

waldigit:
People can see APC government we voted for change. People who are already buying their poles, cables and transformer would now again get loan from government to by meters. Why are people pretending they fear God

You and who voted APC?
This political correctness got to stop.

It's all good and for the betterment of the country as long as the APC online miscreants and the 30k BMC will not be paying the increased tariff....

2023 right now is looking like it's 20 more years to come...

Pay more for light wey people no dey see to use do anything......una wehdone.


Just ask us to start paying for the air we breath....Idiot.

As these useless leaders have successfully sent millions of Nigerians into using wood and saw dust to cook due to thoughtless increase in price of cooking gas, so do they want to make sure that most go back to the use of hand-held local lantern to see in their various homes. Buhari has vowed to complete the "reversal to 1970 agenda" before leaving office. It has been very long we last saw any policy to genuinely help the poor masses, it has been from one excruciating policy to another with even more biting effect than the previous one. Later, zombies will tell you that the hardship here is worldwide. As the zombies they are, they don't know that policies like this without a well thought means of cushioning the effect bring more dangerous spiral effect on the economy.

FG knows how to inflict pains on the populace. Unfortunately, we will likely vote wrongly again in 2023.

Let me use my new area as an example.

- We bought cables
- We bought poles
- We bought D-Irons and Stay Wires
- Paid AEDC to do the installation
- We bought meters.

Once the installation was done all the things we bought became the property of AEDC (Abuja Electricity Distribution Company)

Then they slam you with high tarrifs

There are so many reasons why the frustration level of Nigerians is increasing.

Anything that brings suffering to the poor masses. Na wetin Buhari dey like do!

what have we masses to deserve this torment from our so called government, by the grace of God we will see it all through.

Nigerian youths are too docile. In a sane country, the suffering we are going through in Nigeria will be more than enough to spark a nationwide protest that will see to the crumbling of this demonic government, but all we do as Nigerian youths is to hide behind our phone to wail and pretend all is well. Nigeria will continue to sink until the youths do the needful.
Expect more from this failed government.

By the time Buhari is done with Nigerians, even his zombies will prefer to migrate to somalia.

They can increase it to the moon for all i care. Me i wont pay more than 4000 per month