Latest figures on the number of metered electricity customers obtained from the Nigerian Electricity Regulatory Commission showed that only 37.77 per cent registered electricity customers had been metered. The 37.77 per cent represents 3,918,322 customers, meaning that 62.33 per cent or 6,456,275 electricity users lacked meters. The commission increased the price for a three-phase meter from N67,055.85 to N82,855.19, while the cost of a single-phase meter was raised from N36,991.50 to N44,896.17. Meanwhile, the Speaker of the House of Representatives, Femi Gbajabiamila, on Tuesday, inaugurated an Ad Hoc Committee on Power Sector Reforms charged with the responsibility of undertaking a holistic review of the power sector in Nigeria and recommending appropriate legislative actions. Gbajabiamila stated that there was no going back on the move to end estimated billing, also referred to as ‘crazy billing’, by the Discoszz.

Source: Punch June 09, 2020 23:15 UTC