By Dipo Olowookere

One of the leading electricity distribution companies in Nigeria, Ikeja Electric Plc, has announced an upward review in the prices of meters sold to customers under the Meter Asset Provider (MAP) introduced by federal government.

In a notice to its customers on Friday, the energy firm said it was increasing the price for procuring the MAP meters as a result of the hike in the Value Added Tax (VAT) from Saturday, February 1, 2020.

President Muhammadu Buhari recently signed a Finance Bill into law, approving the upward review of VAT to 7.5 percent from 5 percent from next weekend.

Ikeja Electric explained that the increase in the price of MAP meters is to reflect the new VAT hike. For the single-phase meter, the new price is N39,765.86, while the three-phase meter now costs N72,085.68.

“This is to notify all Ikeja Electric customers that following the recent increase in Value Added Tax (VAT) introduced by the federal government, prices for prepaid meters have been reviewed to reflect current realities. The new prices take effect February 1, 2020 as indicated by the directive,” the company.

“Kindly note the change in prices as these will be the cost invoices sent from February 1, 2020,” the firm stated in a notice seen by Business Post.

ehttps://businesspost.ng/general/vat-ikeja-electric-announces-price-hike-in-map-meters/

Buhari's sacrifice saved 120m lives

Ook

Which right ikeja electricity company have to hike price on the national monument.

BuhariAdvocate:
Which right ikeja electricity company have to hike price on the national monument.

Your Buhari increased VAT. Direct your question to Buhari!!

Higher VAT means more revenue for govt development

Not a bad way to grow

It's not about just reviewing price up and down. Are the metres available for consumers? As in, pay and get...or is it that you pay and wait forever for the meter you've paid for?

This is a reoccurrent madness in most Discos.

How many of you here have paid for metres and are still waiting?

greatiyk4u:
Higher VAT means more revenue for govt development

Not a bad way to grow

it actually means more money for the politicians to steal...meanwhile these same discos refuse to issue out meters since they make more revenue from crazy estimates...

save the platitudes for the gullible ones, people have become wiser in this information age!

Paying more for darkness

Meter that is free in other countries. Which way Nigeria ?

Next level

Imagining increasing the prize of something we are not seeing

B

BuhariAdvocate:
Which right ikeja electricity company have to hike price on the national monument.

Continue displaying your ignorance.

Buhari increased VAT, on national monuments.

Nawaao

Tax revenue that people in the office will still pocket

Hmmmm, all is well o

Everything is just going high....the masses are really suffering......this next level co easy oh

Very good at increasing prices, but to increase power supply na problem to them.

Paying more for Darkness since 1999.

How much us our house rent, how much is electricity fee?


Electricity fee is higher than our house rent...
Things are Jud getting

Good Morning Nigerians.

I dnt have,the one i bought frm someone they refused to register it.since then i abuse nepa.i plug everytin at once.frm iron to pump

Anything to extort the masses. One day one day, monkey go enter market, e no go return.

Increasing price for darkness

Audio Meters
Nigeria is a Scam

greatiyk4u:
Higher VAT means more revenue for govt development

Not a bad way to grow

And reduced disposable income by the populace.
How many people will agree to fork out 72k now for prepaid meter?
Meaning we willstill be stuck in the era of estimated billings and all the shady practices that go with it.

all they know how to distribute is hike price.

That has always been the price in Anambra state

greatiyk4u:
Higher VAT means more revenue for govt development

Not a bad way to grow

more revenue more looting
we will never get it right in this country

Useless govt. Increased vat to invest in their pocket and fund thier fvcking lifestyle... There are a million other ways to generate revenue. Unintelligent buffoons