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New Electricity Meter Prices Take Effect, Today
Effective today, Nigerians would have to pay more to have both single-phase and three-phase meters in their houses.
At present, there are about six million un-metred individual and business electricity consumers in the country.
A circular dated November 11, 2021, by the Nigerian Electricity Regulatory Commission (NERC) showed that the hike in prices takes effect on Monday, November 15, 2021.
The circular, with reference number NERC/REG/MAP/GEN/751/2, entitled ‘Review of the unit price of end-use meters under the Meter Asset Provider and National Mass Metering Regulations,’ was addressed to managing directors, all electricity distribution companies and all meter asset providers.
The regulator increased the price of a single-phase meter from the current cost of N44,896.17 to N58,661.69.
Also, it hiked the price of a three-phase meter from the current cost of N82,855.19 to N109,684.36.
The hike excludes the 7.5percent Value Added Tax (VAT) the electricity distribution companies (DisCOs) are expected to add to the new price at the point of purchase.
Meanwhile, experts in the electricity industry, at the weekend, berated the Nigerian Electricity Regulatory Commission (NERC) for hiking the price of meters, while suggesting that the commission go back to Credit Advanced Payment for Metering Initiative (CAPMI).
CAPMI, they opined, allows consumers who are non-investors, non-stakeholders to buy meter with any amount of money.
“If they buy the meter the government will give them a token with interest”, they maintained.
In his remarks, President, Nigerian Consumer Protection Network and member, Presidential Ad-hoc Committee on the Review of Electricity Tariff in Nigeria, Kunle Olubiyo, described the electricity sector as a ship without a captain.
“The challenge we have is lack of regulatory certainty. The regulator has eloped and abandoned his ship. When you have a regulator jumping overboard a ship, the ship will capsize. The regulator chose to abandon the ship. So, that is just what happened.
The captain of the ship has been missing. The regulatory ecosystem lacks some powers mainly because we have two metering schemes running side by side. The Meter Asset Provider (MAP) went to court because they have made a lot of investment and now we have the National Mass Metering Programme (NMMP) which has just exhausted its meters and it is expected to move to phase one. The gap between the migration from Zero Phase to Phase One is 8million to 10million. This is of public concern. It is not expected that there would be a vacuum in transition. If there is no vacuum in the supply chain and funding chain nobody will know the difference. But to us now, MAP licensees have refused to supply because of distortions in exchange rate volatility and other market variables. You know our economy is petro-dollar driven.
“As we speak there is a supply vacuum between Zero Phase and Phase One. If it is increased, we are saying that the government should go back to take a look at the Credit Advanced Payment for Metering Initiative (CAPMI) which allows consumers who are non-investors, non-stakeholders to buy metre at any amount of money. If they buy the metre the government will give them a token with interest”, he submitted.
However, President General, Coalition of South-East Youth Leaders, Hon. Goodluck Ibem, posited that the increase would inflict more hardships on Nigerian electricity consumers, adding that Nigerians are still grappling with the hike in gas price.
“The increase in metre price will bring more hardships to the consumers.
“As we speak, the masses are still trying to come to terms with the increase in the price of gas.
“Another source of energy which is electricity will cause more hardships. The prices of things are on the increase on daily basis and Nigerians are suffering and some people are dying out of hardship”, he noted.
News
Independence Anniversary: Nigeria Is A Failed Grandfather – Monarch
A first class traditional ruler in Rivers State, His Royal Majesty, King Aaron Ikuru, has described Nigeria at 65 as a grandfather who cannot provide leadership to other African Countries.
The monarch stated this in an interview at his palace in Ikuru Town, yesterday.
According to him, Nigeria would have been a developed country to set the pace in the whole of Africa, considering its numerous resources.
“Nigeria is a grandfather but not behaving as a grandfather. Our country, Nigeria, before and from the era of Independence was in the state of becoming a great country, but unfortunately is not becoming anything.
“We should be far ahead with what we have in the country. God blessed us, we have almost what it takes in terms of mineral resources, manpower amongst others that can drive speedy development in the country.
“If we’re able to harness all the things we have, even America by now would have respected us”, he said.
While blaming the past leaders of the country, the monarch called on the current leadership of the country to redouble efforts in order to narrow the differences in terms of development, exchange rate between naira and foreign currencies.
King Ikuru, who is also the Chairman of Andoni Area Traditional Rulers Council, however, lauded the efforts of the founding fathers, past leaders of the country for the achievements so far.
He also expressed optimism that Nigeria would be great, calling on the opinion leaders to shun tribalism and political intolerance in the country.
“If Nigeria should experience rapid development in all sectors, it means we must shun tribalism and political intolerance, the interest of our country must be our priority.
“We need to fight corruption vigorously, and leaders must show good example of discipline and integrity”, he said.
The monarch used the opportunity to wish Nigeria happy independence anniversary.
By: Enoch Epelle
News
FG begins payment of N32,000 pension increment to retirees – PTAD
The Pension Transitional Arrangement Directorate has announced the start of implementation of the new pension increments for pensioners under the Defined Benefit Scheme, saying the adjustments will be reflected in the September 2025 payroll cycle.
In a statement signed by Management and posted on its X handle, PTAD said the increase package includes a fixed N32,000 payment alongside percentage increases of 10.66% and 12.95% for eligible categories, which will benefit about 832,000 pensioners under its management.
Recall that PTAD in August announced President Bola Tinubu approved a series of measures, including new welfare benefits for pensioners under DBS.
The approval follows a formal request by PTAD’s Executive Secretary, Tolulope Odunaiya, seeking an emergency budgetary allocation to implement pension reforms and welfare benefits for the scheme’s retirees.
The measures include a N32,000 pension increment, percentage increases for pensioners of defunct and privatised agencies, pension harmonisation for all DBS pensioners, enrolment into the National Health Insurance Scheme, and the settlement of long-standing unfunded pension liabilities.
In a statement yesterday, PTAD said the partial release of N820.188 billion by the Federal Ministry of Finance from the emergency funding has made it possible for pensioners to begin receiving the enhanced payments immediately.
The statement read, “Further to the President’s approval of the emergency budgetary allocation for the payment of the new pension increment rates for Pensioners under the Defined Benefit Pension Scheme (DBS) that was earlier published by the Pension Transitional Arrangement Directorate on Friday, 8th August, 2025, the Directorate is delighted to announce the commencement of the implementation of the 832,000, 10.66% and 12.95% pension increment for eligible pensioners under the management of PTAD, in the September 2025 pension payroll cycle.
“This achievement has been made possible through the partial release of 820.188 billion by the Federal Ministry of Finance, from the initial 845 billion emergency funding approval granted by the Federal Government.
“This milestone clearly reaffirms the Federal Government’s dedication to safeguarding the welfare and entitlements of DBS Pensioners in line with the Renewed Hope Agenda.”
The directorate thanked President Bola Ahmed Tinubu for approving the emergency allocation.
It also acknowledged the role of the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun; the Minister of State for Finance, Dr Doris Uzoka-Anite; the Accountant-General of the Federation and key presidential aides and parliamentary committees for their “timely interventions” and support.
The statement also expressed appreciation to organised pension groups, including the Nigeria Union of Pensioners and the Federal Parastatals and Private Sector Pensioners Association of Nigeria, for their cooperation during negotiations and implementation planning.
“We further assure all our DBS Pensioners and Stakeholders that the Directorate will continue to collaborate with the relevant authorities towards release of the outstanding approved funds and subsequent fulfilment of all future obligations relating to the pension increments and the landmark reforms,” the statement added.
The DBS covers pensioners who retired before the introduction of the Contributory Pension Scheme in 2004, including those from defunct public institutions, privatised agencies, and treasury-funded parastatals.
Over the years, many have faced irregular payments, delayed harmonisation, and inadequate healthcare access, challenges that the new reforms are expected to address.
News
Nigeria At 65: NOA urges citizens to foster unity, progress
The National Orientation Agency (NOA) has urged Nigeria. citizens to remain united, peaceful to enhance development of the nation as it celebrates 65th independence anniversary.
Mr Mkpoutom Mkpoutom, Director of NOA in Akwa Ibom, gave the charge in Uyo yesterday while addressing newsmen and stakeholders to mark the anniversary.
Mkpoutom said it was essential to recognise that the strength of Nigeria lay in its diversity
“With over 250 ethnic groups and an array of languages, the nation embodies a unique blend of heritage.
“This diversity should be seen not as a dividing line but as a unifying force that propels the country toward progress.
“As Akwa Ibom embarks on another year, it is crucial for all citizens to foster a sense of unity and shared purpose.
“Embrace dialogue, understanding and collaborate with the Renewed Hope Agenda of President Bola Tinubu in its efforts to addressing pressing challenges like poverty, security, education, and healthcare, thereby paving way for a brighter future for all.”
The state director, however, appealed to Nigerians from all walks of life to renew their commitment to a more prosperous, peaceful, and equitable nation.
“Let this anniversary serve as a reminder of the collective strength that lies in every citizen,” he said.
He urged everyone to contribute positively to the development of a better society.
Mkpoutom urged the people and all citizens to honour the labours of heroes past, as they celebrated the present, while working diligently toward a future filled with hope and opportunities for generations to come.
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