General
NERC to Distribute Additional Four Million Prepaid Meters
By Adedapo Adesanya
The Nigeria Electricity Regulatory Commission (NERC) has pledged to provide additional four million prepaid meters to electricity consumers in the country in the next phase of its metering programme.
This was disclosed by Mrs Aisha Mahmud, NERC Commissioner in charge of Consumers Affairs, at the Customers’ Complaints Resolution Meeting in Jos, Plateau State.
Mrs Mahmud, who described the shortage of meters in the country as one of the biggest problems currently facing the commission, hinted that the challenge would soon be a thing of the past.
She said that modalities had been put in place to provide the meters through the National Mass Metering Programme (NNMP) of the federal government.
“Actually, metering is one of the biggest challenges that we have been facing in the last couple of years in the commission.
“I don’t think this is funny, given that so many investments have been made in the power sector.
“It is said that in Nigeria, electricity generation started in Lagos as far back as 1826 with 20 megawatts. About 126 years down the line, we are still talking about basic things such as metering, a phase we should have passed a long time ago.
“Aside from many interventions in that regard, including the zero phase of the NMP where over one million meters were provided, the first phase of the initiative will make available four million meters to customers,” she said.
Mrs Mahmud, who said that all preparations had been concluded for the mass metering programme, explained that funding for the project would come through the Central Bank of Nigeria (CBN).
”We shall make available these meters to customers through the distribution companies, and this is to show that the regulator is not just sitting but making efforts to see that all Nigerians have access to meters.
“So, we shall do all it takes as regulators to ensure that the issue of metering becomes a thing of the past. I strongly believe that with the plans ahead, we will overcome this challenge soon,” she said.
She also attributed the increasing rate of electricity tariff to inflation, rising exchange rate, cost of gas, labour generation, and other economic realities in the country.
“Inflation has gone up to double-digit, exchange rate, even the official rate is crazy, operators purchase most of their equipment abroad using the current exchange rate. The cost of labour keeps increasing, among other factors,” she explained.
On the meeting with customers, Mr Mahmud said the commission was in Jos to educate customers on their rights and listen to their complaints with a view to addressing them on the spot.
Also speaking, Mr Abdu Mohammed, the Managing Director of the Jos Electricity Distribution Plc (JED), said that the concerns raised by the customers at the meeting would be addressed immediately.
“Quite a lot of issues, ranging from metering, billing, power quality, and complaints about our staff, among others, were raised.
“I want to promise that all these issues will be addressed immediately and, in terms of metering, we are very much on track.
“A few days back, we purchased 12,000 meters, and they are currently in our store. We are expecting 305,000 meters in the forthcoming NNMP phase one and over 100,000 from the World Bank intervention.
“So, very soon, you will see traction in all our franchise states, and all our customers will be metered,” Mr Mohammed said.
By Adedapo Adesanya
The Nigeria–China Strategic Partnership (NCSP) recently hosted a high-level delegation from Newryton International Industrial Development Company Limited, a leading Chinese investment and industrial development consortium, to advance discussions on deepening bilateral trade, industrial cooperation, and development financing between both countries.
The Newryton delegation, led by Mr David Chen, Assistant Secretary-General of the China Hainan Investment Council, had earlier engaged with the Nigerian Association of Commerce, Industry, Mines and Agriculture (NACCIMA). They were accompanied to the NCSP by Mr Joe Onyuike, Vice-Chairman of NACCIMA’s Agriculture and Livestock Trade Group, who conveyed NACCIMA’s support for the delegation’s engagements.
Discussions centered on the establishment of a Nigeria–China Trade and Investment Platform, including a proposed Promotion Centre in China to support Nigerian products, investors, and state governments.
The consortium also presented opportunities within Hainan Province’s Free Trade Port (FTP), which offers preferential policies that Nigerian businesses can leverage to expand exports and attract new investments.
In his address on behalf of Newryton, Mr Pong outlined plans to collaborate with NCSP in accessing FOCAC-supported financing for strategic investments in agriculture, energy, mining, solid minerals processing, and related sectors. The delegation identified aquaculture as a key area of interest and referenced the forthcoming Global Aquaculture Conference in Hainan Province, encouraging Nigerian stakeholders to participate.
They also expressed readiness to strengthen cooperation in vocational training and employment under the Belt and Road Initiative (BRI).
Welcoming the delegation on behalf of the Director-General, Martins Olajide, NCSP’s Head of Internal Operations, reaffirmed the organisation’s commitment to fostering mutually beneficial partnerships.
He highlighted NCSP’s strong interest in the proposed Nigeria–China Trade and Investment Platform and the development of the Nigerian Oil Palm Industrial Park as a flagship demonstration project.
Also speaking at the meeting, Ms Judy Melifonwu, NCSP’s Head of International Relations, underscored the opportunities presented by China’s zero-tariff policy and the forthcoming NAQS–GACC protocol on the export of Nigerian aquaculture products. She noted that these frameworks would significantly enhance Nigeria’s competitiveness in emerging global markets.
Both parties expressed commitment to advancing discussions toward a structured cooperation framework covering all priority areas.
By Adedapo Adesanya
The United Kingdom–Nigeria Infrastructure Advisory Facility (UKNIAF), established in 2019 as part of a 16-year legacy of UK-funded infrastructure support to Nigeria, convened over 100 senior stakeholders on Tuesday, December 2, to review its progress and formally close out its current phase of operations.
The event brought together representatives from federal and state governments, development partners, development finance institutions, and the private sector to reflect on UKNIAF’s work across the power, infrastructure finance, and roads sectors. Discussions focused on institutional reforms, capacity development, and the sustainability of tools and processes introduced over the past six years.
Since inception, UKNIAF has delivered targeted technical assistance designed to embed evidence-based reforms, data-driven decision-making, and improved institutional performance. Its interventions have mobilised significant financing, strengthened regulatory and planning systems, and enhanced investor readiness across multiple infrastructure markets.
In the power sector, participants highlighted landmark achievements including the development of Nigeria’s first Integrated Resource Plan, which outlines a least-cost and low-carbon pathway for expanding electricity supply. UKNIAF also supported the Nigerian Electricity Regulatory Commission (NERC) in building advanced real-time data capabilities for tariff monitoring, grid management, and outage tracking. The programme enabled pioneering states to establish their own electricity markets following constitutional reforms.
In infrastructure finance, UKNIAF was recognised for strengthening project preparation systems and enabling access to capital. Notable accomplishments include supporting the mobilisation of $75 million from the African Development Bank to the Special Agro-Industrial Processing Zone (SAPZ) programme in two states, and accelerating mini-grid and solar deployment through improved technical standards at the Rural Electrification Agency (REA).
UKNIAF also designed a national project preparation facility, for which N21 billion was allocated in both the 2024 and 2025 budgets to build a pipeline of bankable projects.
Speaking on this, Mr Frank Edozie, UKNIAF Team Lead, described the programme’s close-out as a “handover for sustained delivery,” emphasising that strengthened institutions now hold tools that make Nigeria’s infrastructure landscape more transparent, climate-smart, and investor-ready.
On his part, the Minister of Power, Mr Adebayo Adelabu, commended the programme, noting that its technical assistance and advisory services had helped lay the foundation for a sustainable and inclusive electricity supply industry.
Mrs Cynthia Rowe, Head of Development Corporation at the UK Foreign, Commonwealth and Development Office (FCDO) in Nigeria, praised the partnership, highlighting achievements ranging from state-level electricity market reforms to unlocking major financing and designing Nigeria’s Climate Change Fund.
Enugu State Secretary to the State Government, Professor Chidiebere Onyia, underscored the lasting influence of the programme, stating that UKNIAF’s impact continues through the expertise and leadership transferred to national and sub-national institutions.
The close-out event reaffirmed stakeholders’ commitment to sustaining tools, reforms, and knowledge products developed under UKNIAF, while strengthening collaboration among public, private, and development actors in the infrastructure ecosystem.
Participants included federal and state agencies such as the Nigeria Governors’ Forum, Federal Ministry of Power, Ministry of Finance, NERC, REA, and the Transmission Company of Nigeria, alongside development partners including the African Development Bank, World Bank, and IFC, as well as private sector and civil society stakeholders.
By Aduragbemi Omiyale
The gantry price of Premium Motor Spirit (PMS), otherwise known as petrol, has been slashed by the Dangote Petroleum Refinery.
The Lagos-based oil facility brought down the ex-depot price of the petroleum product by 15.58 per cent or N129 per litre to N828 per litre.
Though the company had yet to release an official statement on this development, real-time market data on Petroleumprice.ng on Friday showed the new price.
Punch reports that data from the platform also showed fresh reductions across several private depots following the refinery’s latest review.
Sigmund Depot cut its ex-depot price by N4 to N824 per litre, Bulk Strategic dropped its price by N3, and TechnoOil slashed its by N15.
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