• Latest
  • Trending
  • All
FG to Increase Power Tariff in December; Begins Free Distrbution of Meters

FG to Increase Power Tariff in December; Begins Free Distrbution of Meters

‘From Umbrella to Broom’- Davido releases New Song as Governor Adeleke ‘Announce’ Defection to APC

‘From Umbrella to Broom’- Davido releases New Song as Governor Adeleke ‘Announce’ Defection to APC

After $3b repairs, NNPC Considers Selling Nigeria’s 445,000 bpd Refineries

NASS clears JAMB of alleged Misappropriation

JAMB accusses Chinedu Okeke, Top Scorer of 2025 UTME of ‘Foul Play’

31 African Countries Affected by 3-Month Validity of US Visa: FULL LIST

31 African Countries Affected by 3-Month Validity of US Visa: FULL LIST

Why NNPC Refineries May Never Work Again – Dangote

Why NNPC Refineries May Never Work Again – Dangote

FG reacts as Trump mounts pressure on Nigeria to accept Venezuelan deportees from US

FG reacts as Trump mounts pressure on Nigeria to accept Venezuelan deportees from US

‘were you educated?’: Trump shocked as Liberian President speaks fluent English (Video)

‘were you educated?’: Trump shocked as Liberian President speaks fluent English (Video)

Reactions as CAC’s AI system approves ‘BokoHaram Hub’, ‘Nigeria Must Scatter’, others for Business Names

Reactions as CAC’s AI system approves ‘BokoHaram Hub’, ‘Nigeria Must Scatter’, others for Business Names

Candidates to Sue JAMB over UTME technical glitches

JAMB announces Top 3 Scorers in 2025 UTME

Nigerian Government pegs Admission Age at ’16’

Nigerian Government pegs Admission Age at ’16’

Trump threatens Nigeria with 10% Tariff for Supporting BRICS

Trump threatens Nigeria with 10% Tariff for Supporting BRICS

AAU ASUU Condemns SIT Over Alleged Activities, Set For Legal Action

ASUU begins Nationwide Strike

  • About Us
  • Advertise with Us
  • Editorial Policy
Sunday, July 13, 2025
  • Login
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • Life Style
  • Advertise with Us
  • Opinion
  • Campus
No Result
View All Result
iDeemlawful
No Result
View All Result
No Result
View All Result
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • Commentary
  • Editorial
  • Campus
Home Business News

FG to Increase Power Tariff in December; Begins Free Distrbution of Meters

by iDeemlawful
November 19, 2021
A A
FG to Increase Power Tariff in December; Begins Free Distrbution of Meters
FacebookTwitterWhatsapp

President Muhammadu Buhari-led’s government has revealed plans to review the power tariff in December as power consumers may start to pay more for the consumption of electricity in the country.

The Federal Government who disclosed this in a statement on Wednesday said its administration had commenced the procurement of four million meters meant to be distributed free of charge to unmetered power users nationwide.

The FG, however, estimated that there are about eight million unmetered electricity users in Nigeria, with over 860,000 meters distributed for free to power users as part of phase zero of the National Mass Metering Program (NMMP).

RelatedPosts

‘From Umbrella to Broom’- Davido releases New Song as Governor Adeleke ‘Announce’ Defection to APC

After $3b repairs, NNPC Considers Selling Nigeria’s 445,000 bpd Refineries

JAMB accusses Chinedu Okeke, Top Scorer of 2025 UTME of ‘Foul Play’

31 African Countries Affected by 3-Month Validity of US Visa: FULL LIST

According to the FG, the Nigerian Electricity Regulatory Commission (NERC) is expected to review the country’s power tariffs by next month, barring any unforeseen circumstances.

The FG through the Deputy General Manager, Consumer Affairs, NERC, Shittu Shuaibu described the four million free meters being procured as 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 them 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

Previous Post

Prison break: Reps ask FG to give correctional facilities’ guards machine guns, other security measures

Next Post

Two Secondary School Students Remanded Over Gang Rape In Rivers

iDeemlawful

iDeemlawful

Related Posts

Business News

After $3b repairs, NNPC Considers Selling Nigeria’s 445,000 bpd Refineries

31 African Countries Affected by 3-Month Validity of US Visa: FULL LIST
Business News

31 African Countries Affected by 3-Month Validity of US Visa: FULL LIST

Why NNPC Refineries May Never Work Again – Dangote
Business News

Why NNPC Refineries May Never Work Again – Dangote

Reactions as CAC’s AI system approves ‘BokoHaram Hub’, ‘Nigeria Must Scatter’, others for Business Names
Business News

Reactions as CAC’s AI system approves ‘BokoHaram Hub’, ‘Nigeria Must Scatter’, others for Business Names

Trump threatens Nigeria with 10% Tariff for Supporting BRICS
Featured

Trump threatens Nigeria with 10% Tariff for Supporting BRICS

Nigerian Banks resume International Transactions on Naira Cards
Business News

Nigerian Banks resume International Transactions on Naira Cards

Saint Lucia confers Highest National Honour on Tinubu [Video]
Breaking News

Saint Lucia confers Highest National Honour on Tinubu [Video]

‘We have recovered reasonable amount’ – EFCC gives update on N1.3trn CBEX crypto fraud
Business News

Court rejects CBEX promoters’ bail Application

Peter Obi declares 2027 Presidential Ambition
Featured

Peter Obi declares 2027 Presidential Ambition

Tinubu resolves Rivers Crisis, reunites Fubara, Wike, Lawmakers (Video)
Featured

Tinubu resolves Rivers Crisis, reunites Fubara, Wike, Lawmakers (Video)

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

iDeemlawful

Copyright © 2019–2025 Deemlawful Media

  • About Us
  • Advertise with Us
  • Editorial Policy

Connect With Us

No Result
View All Result
  • Home
  • News
  • Featured
  • Politics
  • Life Style
  • Advertise with Us
  • Opinion
  • Campus

Copyright © 2019–2025 Deemlawful Media

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In