The Federal Government of Nigeria has announced the distribution of six million free meters to Nigerians and the provision of tariff relief of N10.20 per kilowatt-hour hour for the next three months.
This were part of the resolutions made available to journalists after a meeting between the Federal Government and the leadership of the organized labour on Sunday.
According to the communique, “This programme will distribute 6 million meters to Nigerians free, off charge. The Central Bank of Nigeria (CBN) having approved the funding for this programme, the meters will begin being distributed to consumers immediately using stockpiles in country and local assemblers. The cost of meters shall be recovered from the DISCOs.”
“Cumulatively the per kWh relief that will be provided to customers in bands A, B and C is N10.20 per kilowatt hour (kWh), which will be distributed across the bands. The relief will be in place for the 2 to 3-month period required for the Technical Committee to conclude its extended scope of work. It should be noted that Bands D and E tariffs were not changed, and this freeze will remain in place,” it read.
Meanwhile, some stakeholders have commended the FG for the kind gesture stating that it would serve as relief to electricity consumers in the country.
