Nigerian Electricity Regulatory Commission (NERC), has further increased the price of the asset to N82,855.19 for three phase and N44.896.16 for single phase meters. This is despite that stakeholders have decried the poor implementation of the Meter Asset Providers (MAPs) policy. While the prices were N36,991 for single phase and N67,055 a memo obtained by The Guardian and signed by the Chairman of NERC, James Momoh, pegged the new price pursuant to section 19 (d) of the MAPs regulation. This is the basis for Sections 32 sub-section D, and Section 76 sub-section 2 of the Act, which aims to calculate tariffs to achieve the legislation on liberalisation. To address the deficit, NERC transferred the responsibility of meter acquisition to end users with the introduction of MAPs policy, which third part investors into distribution subsector.

Source: The Guardian June 08, 2020 11:37 UTC