Editorial
No To Electricity Meter Price Hike
The Nigerian Electricity Regulatory Commission (NERC) has approved a 40 per cent increase in the prices of all classes of electricity meters, following a previous review in November 2021 that had already raised costs by 30 per cent. As a result, the price of a single-phase meter rose from N44,896.17 to N58,661.69, and the price of a three-phase meter increased from N82,855.19 to N109,684.36.
In a circular dated September 5, 2023, signed by the Chairman, Sanusi Garba and Commissioner of Legal, Licensing, and Compliance, Dafe Akpeneye, the commission announced higher prices for single-phase and three-phase prepaid meters. The new cost of a single-phase prepaid meter is N81,975.16k, up from N58,661.69k, while a three-phase prepaid meter now costs N143,836.10k, previously N109,684.36k.
NERC has based its decision to increase meter prices on the changes in macroeconomic indicators, such as inflation and changes in foreign exchange rates. The commission emphasised that the approved prices for metres do not include the 7.5 per cent Value Added Tax (VAT). It said this new price regime aims to establish a fair and reasonable pricing structure for both Meter Asset Providers (MAPs) and end-use customers.
The regulatory body has provided further clarification on the price adjustment, emphasising the need for an equitable and sensible meter pricing system that benefits both Meter Asset Providers (MAPs) and end-user customers. The objective, according to NERC, is to ensure that MAPs can recover reasonable costs associated with meter procurement and maintenance, while also allowing for a viable return on investment.
In June this year, local meter manufacturers in Nigeria announced a growth in the industry, with the number of companies increasing from 13 to 43. This expansion has led to a corresponding rise in manufacturing capacity, officially assessed at 4.9 million meters per year. However, the Meter Manufacturers and Assemblers Association of Nigeria (MMAAN) has called upon the government to further support and intervene in the sector to enhance production.
We vehemently oppose the recent hike in the cost of electricity meters amid the financial struggles faced by a majority of Nigerians. This increase is yet another hurdle for the already struggling working class and poor citizens, pushing them further into poverty. The hike will harm the livelihoods of many, as increased prices will cause further strain on already stretched budgets. Electricity meter prices should remain stable and accessible to all citizens, regardless of their income level.
We urge the Nigerian government to reconsider its current policies and instead focus on implementing measures that will benefit the majority of its citizens, especially those who are struggling to make ends meet. Unfortunately, this decision is unlikely to improve the longstanding challenges in the power sector, including metering gaps and unstable supply. NERC has acknowledged that the high tariffs are a leading cause of the country’s metering gap, which currently exceeds 60 per cent.
That is why the government and the regulators should implement measures to address the metering gap without transfering the burden on consumers, improve power supply, and reduce electricity tariffs. As the regulator, NERC must assess metre prices in relation to the inflation rate to ensure sustainability. Arbitrary increases would hinder the government’s goal of closing the metering gap by reducing demand. Therefore, NERC needs to reintroduce instalment payment options.
Metering is critical in electricity distribution and is solely the responsibility of the Electricity Distribution Companies (DisCos). The meter is an asset that enables the DisCos to operate efficiently. Thus, it is unfair and unacceptable to incumber consumers with meter provision. They should not be taken advantage of. Regrettably, NERC has consistently favoured operators over vulnerable consumers, increasing cost without improving service delivery.
The last tariff increase aimed to enhance service quality, but it remains uncertain if any actual improvements were achieved. Consumers were grouped into various categories based on promised hours of electricity supply, yet many did not receive the specified amount. Despite the DisCos’ inability to meet their supply targets, NERC took no action against them. Instead, the commission approved a new tariff for the DisCos, seemingly disregarding their failure to meet supply demands.
Furthermore, individuals and communities have been investing in their infrastructure by purchasing transformers, cables, poles, and other equipment, but they are not being refunded by the DisCos or NERC. This lack of accountability and failure to address consumer concerns raise serious doubts about the effectiveness of the current regulatory framework in the electricity sector.
Recent research has unveiled some concerning findings regarding Nigeria’s electricity sector. In the first quarter of 2023, the country had a total of 12,378,243 registered electricity customers. However, only 5,360,434 of them had access to metered electricity, leaving over seven million customers reliant on estimated billing. This situation raises serious concerns about the accessibility of electricity for Nigerians.
With a population of over 200 million, the number of registered electricity consumers indicates a low percentage of people connected to the power grid. Consequently, any increase in meter prices would further exacerbate the difficulties faced by Nigerians in accessing reliable and affordable electricity. The government and relevant stakeholders must address this issue promptly and find sustainable solutions that prioritise the needs of the population.
There is a pressing need for NERC to end estimated billing by compelling the DisCos to provide meters for every consumer. This approach is the most appropriate way forward, instead of overburdening consumers with additional costs for meters that should be the statutory responsibility of the DisCos. By ensuring that every consumer has access to a meter, NERC can bring about a fair and transparent billing system, eliminating the arbitrary estimation of electricity usage.
Editorial
Making Rivers’ Seaports Work

When Rivers State Governor, Sir Siminalayi Fubara, received the Board and Management of the Nigerian Ports Authority (NPA), led by its Chairman, Senator Adeyeye Adedayo Clement, his message was unmistakable: Rivers’ seaports remain underutilised, and Nigeria is poorer for it. The governor’s lament was a sad reminder of how neglect and centralisation continue to choke the nation’s economic arteries.
The governor, in his remarks at Government House, Port Harcourt, expressed concern that the twin seaports — the NPA in Port Harcourt and the Onne Seaport — have not been operating at their full potential. He underscored that seaports are vital engines of national development, pointing out that no prosperous nation thrives without efficient ports and airports. His position aligns with global realities that maritime trade remains the backbone of industrial expansion and international commerce.
Indeed, the case of Rivers State is peculiar. It hosts two major ports strategically located along the Bonny River axis, yet cargo throughput has remained dismally low compared to Lagos. According to NPA’s 2023 statistics, Lagos ports (Apapa and Tin Can Island) handled over 75 per cent of Nigeria’s container traffic, while Onne managed less than 10 per cent. Such a lopsided distribution is neither efficient nor sustainable.
Governor Fubara rightly observed that the full capacity operation of Onne Port would be transformative. The area’s vast land mass and industrial potential make it ideal for ancillary businesses — warehousing, logistics, ship repair, and manufacturing. A revitalised Onne would attract investors, create jobs, and stimulate economic growth, not only in Rivers State but across the Niger Delta.
The multiplier effect cannot be overstated. The port’s expansion would boost clearing and forwarding services, strengthen local transport networks, and revitalise the moribund manufacturing sector. It would also expand opportunities for youth employment — a pressing concern in a state where unemployment reportedly hovers around 32 per cent, according to the National Bureau of Statistics (NBS).
Yet, the challenge lies not in capacity but in policy. For years, Nigeria’s maritime economy has been suffocated by excessive centralisation. Successive governments have prioritised Lagos at the expense of other viable ports, creating a traffic nightmare and logistical bottlenecks that cost importers and exporters billions annually. The governor’s call, therefore, is a plea for fairness and pragmatism.
Making Lagos the exclusive maritime gateway is counter productive. Congestion at Tin Can Island and Apapa has become legendary — ships often wait weeks to berth, while truck queues stretch for kilometres. The result is avoidable demurrage, product delays, and business frustration. A more decentralised port system would spread economic opportunities and reduce the burden on Lagos’ overstretched infrastructure.
Importers continue to face severe difficulties clearing goods in Lagos, with bureaucratic delays and poor road networks compounding their woes. The World Bank’s Doing Business Report estimates that Nigerian ports experience average clearance times of 20 days — compared to just 5 days in neighbouring Ghana. Such inefficiency undermines competitiveness and discourages foreign investment.
Worse still, goods transported from Lagos to other regions are often lost to accidents or criminal attacks along the nation’s perilous highways. Reports from the Federal Road Safety Corps indicate that over 5,000 road crashes involving heavy-duty trucks occurred in 2023, many en route from Lagos. By contrast, activating seaports in Rivers, Warri, and Calabar would shorten cargo routes and save lives.
The economic rationale is clear: making all seaports operational will create jobs, enhance trade efficiency, and boost national revenue. It will also help diversify economic activity away from the overburdened South West, spreading prosperity more evenly across the federation.
Decentralisation is both an economic strategy and an act of national renewal. When Onne, Warri, and Calabar ports operate optimally, hinterland states benefit through increased trade and infrastructure development. The federal purse, too, gains through taxes, duties, and improved productivity.
Tin Can Island, already bursting at the seams, exemplifies the perils of over-centralisation. Ships face berthing delays, containers stack up, and port users lose valuable hours navigating chaos. The result is higher operational costs and lower competitiveness. Allowing states like Rivers to fully harness their maritime assets would reverse this trend.
Compelling all importers to use Lagos ports is an anachronistic policy that stifles innovation and local enterprise. Nigeria cannot achieve its industrial ambitions by chaining its logistics system to one congested city. The path to prosperity lies in empowering every state to develop and utilise its natural advantages — and for Rivers, that means functional seaports.
Fubara’s call should not go unheeded. The Federal Government must embrace decentralisation as a strategic necessity for national growth. Making Rivers’ seaports work is not just about reviving dormant infrastructure; it is about unlocking the full maritime potential of a nation yearning for balance, productivity, and shared prosperity.
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