General
Ikeja Electric Begins Distribution of Meters in Ikeja, Akowonjo, Oshodi
**Advises Customers on Registration Process
By Adedapo Adesanya
Residents of Ikeja, Akowonjo, and Oshodi Business Units are next in line to benefit from the next phase of the Federal Government’s Meter Asset Provider (MAP) scheme which seeks to provide electric meters to consumers who are unaccounted for.
The MAP scheme is aimed at bridging the metering gap using third-party companies identified as Meter Asset Providers (MAPs) by the Nigerian Electricity Regulatory Commission (NERC) to procure and install meters for electricity consumers under this scheme.
Top electricity distribution company, Ikeja Electric (IE) Plc, had previously rolled out the first phase of the scheme in July exclusively to the inhabitants in Ikorodu, Abule-Egba and Shomolu Business Units areas of Lagos State.
Unmetered consumers in the state capital of Ikeja, Akowonjo, and Oshodi axis of the state will also be able to get their meters as the distribution of the device commenced at the beginning of this month.
This disclosure was made at a Consumers Engagement forum hosted by Ikeja Electric in collaboration with one of its MAPs, Mojec Metering Asset Company held in Gbagada, Lagos.
Speaking at the event, the Chief Operating Officer of Ikeja Electric, Mrs Folake Soetan, disclosed that the company was committed to utilizing the opportunities provided by the MAP scheme to close the metering gap across its network and also remove estimated billing.
“The scheme will ensure accelerated meter deployment to unmetered customers, totally eliminating every form of controversy regarding the accuracy of electricity bills. We have taken concrete actions in terms of planning and manpower deployment for adequate metering” she said.
The COO also pointed out that the company has set up a debt resolution panel in its six Business Units to address disputed outstanding bills and ensure reconciliation. She also stated that customers must always pay into the designated bank account provided on the online MAP Portal and always quote their Application Reference Number (ARN) when making any payment.
She advised new customers to visit the nearest Ikeja Electric office for account creation and set up, to enable them start their registration for meter. As part of the registration process, customers will be required to provide a valid email address and telephone number as they will be contacted through the information provided. She urged customers to always ensure that they provide accurate data during the registration process.
In her contributing remark, the Managing Director and Chief Executive Officer of MOJEC Meter Asset Company, Ms Chantelle Abdul, stated that her company has adequate meters in stock for the MAP scheme.
According to her, the single-phase meter costs N38,850, while the three-phase meter costs N70,350, both inclusive of VAT.
She further revealed that all processes have been put in place including bank loans for customers who cannot afford to pay for the meter outrightly.
Unmetered customers can register through the Ikeja Electric (IE) website map.ikejaelectric.com using their Ikeja Electric’s account number on the bill to update their KYC (Know Your Customer) details after which a survey will be carried out to determine the type of meter that will be suitable for their premises.
By Adedapo Adesanya
The Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, has announced that Nigeria will launch a new alphanumeric postcode system on October 1, 2026, with every home expected to have a unique postcode.
Mr Tijani disclosed the development in a video post on X, describing the new system as a more precise and digitally oriented approach to addressing locations across the country.
He said the initiative would mark a significant shift in Nigeria’s postal addressing system by assigning unique postcodes to individual homes.
The initiative marks a major step in Nigeria’s digital transformation agenda. By replacing the outdated numeric-only system, the alphanumeric codes provide a more flexible and scalable framework that can accommodate the country’s rapid urban growth and diverse settlement patterns.
For emphasis, an alphanumeric postcode system is a postal indexing system that uses a combination of both letters (alpha) and numbers (numeric), along with spaces or punctuation, to identify specific geographic locations, streets, or individual buildings for mail delivery.
Unlike purely numeric postcode systems (such as the 5-digit US ZIP Code or 5-digit codes used in some European countries), alphanumeric codes offer a much higher number of unique combinations using fewer total characters. This flexibility allows postal authorities to pinpoint locations with incredible precision, often down to a single side of a street or a specific large building.
“On October 1st 2026 Nigeria’s new Alphanumeric Postcode System goes live,” Mr Tijani said.
“For the first time, every home will be assigned a unique postcode that’s simple, precise and built for a digital future,” he added.
The minister urged Nigerians to prepare to generate their individual postcodes ahead of the launch.
The new system is expected to strengthen Nigeria’s digital addressing infrastructure and improve the identification and location of homes and properties for postal and other location-based services.
The initiative is being implemented in collaboration with the Nigerian Postal Service (NIPOST) as part of broader efforts to modernise the country’s addressing and digital infrastructure.
By Modupe Gbadeyanka
The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, has been directed to give an account to Nigerians on how the current government has fared since its inception on May 29, 2023.
This directive was given by President Bola Tinubu in a message posted on his verified social media handles on Wednesday.
This coincides with the commencement of campaigns for the 2027 presidential election scheduled for January 16.
According to the timetable of the Independent National Electoral Commission (INEC), candidates seeking to become the country’s president are eligible to kick off their campaigns from today, Wednesday, August 19, 2026.
In his message today, Mr Tinubu said, “When we began this journey of reform in 2023, I promised that the difficult decisions we were making would serve the purpose of building an economy that works better for you and a country that is stronger for our children.
“Today, your government presents The Reforms Scorecard. It sets out what our reforms have achieved, what they have cost us, and the greater costs and harms we have prevented by acting when we did.
“I have therefore directed the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, to give an account to Nigerians, to explain the numbers, the choices we have made, the progress recorded, and the work that remains.
“You deserve to see the numbers. You deserve to know what has changed and what these reforms mean for you, your family, your business and our country.
“This is your government. This is your country. This is our account to you.”
Shortly after he took the oath of office over three years ago, President Tinubu declared that subsidies on petroleum products were gone. He later approved foreign exchange (FX) reforms, which devalued the Nigerian Naira, shooting from about N800 per Dollar to nearly N2,000 per Dollar. However, it is currently slightly above N1,340 per Dollar in the official market.
By Adedapo Adesanya
The Nigerian National Petroleum Company (NNPC) Limited and the Nigerian Agip Exploration (NAE) Limited are advancing discussions on the development of deepwater assets estimated to hold 500 million barrels of oil reserves.
The development followed a meeting between the chief executive of the state oil company, Mr Bayo Ojulari, and Agip’s Vice Chairman and Managing Director, Mr Maurizio Pinna, in Abuja.
The talks focused on ongoing work on deepwater acreage jointly held by NNPC, NAE and Shell Nigeria Exploration and Production Company (SNEPCo) as well as plans to bring the associated resources into production.
According to NNPC, the acreage comprises the Zabazaba and Etan deepwater fields, with estimated reserves of about 500 million barrels.
The fields are located in Nigeria’s deepwater terrain and are considered significant to the country’s efforts to expand its upstream oil production base, particularly as operators seek to advance projects capable of delivering additional barrels over the medium to long term.
While details of the expected production timeline were not disclosed, the meeting underscores renewed industry focus on unlocking Nigeria’s deepwater resources and growing crude oil production.
The acreage comprises licences converted from OPL 245 and is operated by NAE in partnership with NNPC Limited and SNEPCo.
Mr Ojulari and Mr Pinna also reviewed the work currently underway on the assets and the expected production outlook, with the discussions centred on advancing deepwater development.
The engagement comes amid renewed efforts to attract investment into Nigeria’s offshore petroleum resources and increase national oil production.
