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Home Industries Energy

Electricity: FG approves one year waiver of import levy on meters

William UkpebyWilliam Ukpe
2 years ago
in Energy
PIB; Will the jinx be broken this time around?, President Buhari may sign 2020 Budget tomorrow, President Buhari approves N37 billion for National Assembly renovation, President Buhari appoints Sarki Auwalu to head DPR , FG may stop interstate and inter-town travels, COVID-19: President salutes Elumelu, Dangote, Atiku, Banks, others for support, Naira export earnings, Covid-19: FG to set up N500 billion intervention fund, sovereign wealth, FG issues guidelines on implementation of gradual easing of lockdown nationwide, Electricity: FG approves one year waiver of import on meters, Buhari backs Lagos State Government Judicial Panel of Inquiry

president Muhammadu Buhari

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President Muhammadu Buhari has approved a one-year waiver of import levy on electricity meters to help improve Nigeria’s electricity meter deficit.

This was announced by the Federal Government in a social media statement.

READ: DisCos consider offering consumers free electricity for 2 months

ELECTRICITY SECTOR: In line with the Federal Government’s commitment to supporting reforms in the electricity industry, and the implementation of @NERCNG’s Meter Asset Provider (MAP) scheme, President @MBuhari has approved a one year waiver of Import Levy on electricity meters.

— Presidency Nigeria (@NGRPresident) August 25, 2020

The media aide to the presidency, Tolu Ogunlesi, announced that the import levy is a big deal in Nigeria’s electricity industry, citing the Meter Asset Provider (MAP) Regulation of the Nigerian Electricity Regulatory Commission (NERC) in 2018.

READ: 200 Bitcoins worth $2.4 million to be won as prize money

This right here: A big deal. @NERCNG issued a Meter Asset Provider(MAP) Regulation in 2018 (including targets for DisCos) & has also, at the beginning of 2020, issued an Order capping how much DisCos can charge unmetered consumers—as part of efforts to tackle ‘estimated’ billing. https://t.co/fy53HMv9zw

— tolu ogunlesi (@toluogunlesi) August 25, 2020

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Ogunlesi added that NERC also ordered a cap on how much DisCos can charge unmetered consumers, as part of efforts to tackle ‘estimated’ billing.

The Presidency said the new regulations would be in line with its commitment to support Nigeria’s electricity reforms and the NERC’s Meter Asset Provider (MAP) scheme. In 2020, Nigeria’s electricity metering deficit rose to 6.75 million, from 4.5 million in 2015.

(READ MORE: Discos call for sanctions on perpetrators of electricity theft )

Nairametrics reported last month that DisCos operating in Nigeria were seeking funding from CBN to support the roll-out of meters nationwide.

Mr. Sunday Oduntan, the Executive Director in charge of research and advocacy at the Association of Nigerian Electricity Distributors (ANED), said the funding would help ensure that all electricity customers were adequately metered under the Meter Asset Provider (MAP) regulation.

Related

Tags: DISCOSMeter Asset Provider (MAP)Nigeria NewsNigerian Electricity Distributors (ANED)Nigerian Electricity Regulatory Commission (NERC)Tolu Ogunlesi

Comments 1

  1. OYEDELE Matthew says:
    February 26, 2021 at 2:43 am

    I will advise the NERC to continue with Map because this will give electricity consumer to get prepaid meter easily.
    Under map we have million of consumer who have applied but couldn’t pay for meter because of this free meter that can reach everybody. Employment opportunity were given to young and old graduates to serve as installers,programer and others.

    Reply

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