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Business News of Friday, 12 November 2021

Source: www.lindaikejisblog.com

FG increases prices of electricity meters

Electricity meters Electricity meters

The Federal Government has raised the cost of both single-phase and three-phase electricity meters beginning from November 15, 2021.

According to a circular dated November 11, 2021, and issued by the Nigerian Electricity Regulatory Commission, the price of a single-phase meter has been increased from the current cost of N44,896.17 to a revised price of N58,661.69.

The circular added that the price of a three-phase meter from the current cost of N82,855.19 to a revised rate of N109,684.36.