News
Consumers Kick As NERC Hikes Electricity Meter Price By 40%

Electricity consumers have accused the Nigerian Electricity Regulatory Commission, NERC, of insensitivity after it increased the cost of electricity meters by 40 per cent, payable through the meter assets programme, MAP.
The consumers claimed that over the years, NERC had been anti-consumers in its policies and actions in the Nigerian Electricity Supply Industry, NESI.
The commission had yesterday, increased the price of single phase meters by N23,313.47 or 39.74 per cent from N58,661.69 to N81,975.16.
The price for three phase meters was also raised by N34,151.74 or 31.13 per cent from N109,684.36 to N143,836.10.
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NERC in the order signed by its Chairman, Sanusi Garba and the Commissioner, Legal, Licensing & Compliance, Dafe Akpeneye, explained that “significant changes in macroeconomic indicators, such as inflation and changes in the foreign exchange rates had necessitated a review of the regulated rates for MAP meters”.
NERC added that it also considered relevant data on the significant changes in macroeconomic indicators from the Central Bank of Nigeria, CBN, and the National Bureau of Statistics, NBS, as benchmarks for the meter price review.
It stated that the new prices would “ensure the fair and reasonable pricing of meters to both MAPs and end-use customers; ensure MAP’s ability to recover reasonable costs associated with meter procurement and maintenance, while ensuring that their pricing structure allowed for a viable return on investment.
“Evaluate the affordability of meter services for consumers, aiming to prevent excessive pricing that could burden end-users. Ensure that MAPs are able to provide meters to end-use customers in the prevailing economic realities.”
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However, reacting to the new price for meters, the Chairman of Electricity Consumers Association, Chijoke James, said metering was the full responsibility of the electricity distribution companies.
He pointed out that while consumers were made to pay for meters, such a gesture must not be exploited.
“A meter is an asset that enables the DisCos to do their business. First, transferring the burden of meter provision to the consumers is wrong. Now, where consumers have accepted to do this, they cannot be exploited.
“The commission has always favoured the operators to the detriment of the consumers. Overtime, they have consistently increased tariff without the commensurate improvement in service delivery.
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“The last increase was tagged service-based, but did service improve? Consumers were placed on bands based on the hours of supply they will get but did they get the supply?
“What action did NERC take against the DisCos for meeting the supply target? Nothing. Rather the Commission has approved a new tariff for the DisCos.
“Individuals and communities keep making investments by purchasing transformers, cables, poles and other equipment but are not refunded by the DisCos and NERC.
“We want NERC to end estimated billing by compelling the DisCos to provide meters for every consumer. That is the way to go and not making consumers pay more for meters which are the statutory responsibility of DisCos, ” he added.
News
JUST IN: Tinubu Decorates New Service Chiefs

President Bola Tinubu on Thursday decorated the new service chiefs with their respective ranks at the Council Chamber of the Presidential Villa, Abuja.
The ceremony, which began shortly after 2pm saw the President perform the decoration alongside Vice President Kashim Shettima and the spouses of the decorated officers, each dressed in their respective service uniforms.
Those decorated were General Olufemi Oluyede as the Chief of Defence Staff; Lieutenant-General Wahidi Shaibu as Chief of Army Staff; Air Marshal Kennedy Aneke as Chief of Air Staff; and Vice Admiral Idi Abbas and Chief of Naval Staff.
The Senate had, on Wednesday, confirmed the four nominees after a two-hour closed-door screening session where they were grilled on strategies to strengthen national security and improve coordination among the armed forces.
Tinubu had earlier written the red chamber, seeking an expedited confirmation process “to ensure continuity in the nation’s security leadership.”
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It was observed that the ceremony was attended by senior government officials, lawmakers family members of the service chiefs and top officers from the various arms of the military.
The President, Vice President and the officers’ spouses took turns pinning the new ranks on each of the decorated chiefs.
The decoration came barely one week after the Presidency announced a sweeping reshuffle in the military hierarchy.
In the statement signed by the President’s Special Adviser on Media and Public Communication, Sunday Dare, it said the shake-up was part of efforts to inject new direction into the nation’s defence architecture.
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The Chief of Defence Intelligence, Major General E. A. P. Undiendeye, retained his position.
Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, later told our correspondent that the changes were not connected to recent rumours of a coup plot, saying, “The President acted within his authority as Commander-in-Chief. Service chiefs can be hired and fired by the President.”
On Monday, Tinubu had met privately with the new service chiefs at the Villa.
They arrived in a black Mercedes-Benz Sprinter van escorted by a green Toyota Land Cruiser, and the session lasted about 40 minutes.
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Presidency sources said the President charged them to take decisive action against insurgents and bandits, particularly in the North.
Last Friday’s reshuffle followed an October 19 report alleging that some officers were plotting to overthrow the government — a claim later dismissed by the Defence Headquarters as “false and mischievous.”
The Director of Defence Information, Brigadier-General Tukur Gusau, said the alleged arrests linked to a coup were “issues of indiscipline” within the ranks, describing the report as “intended to cause unnecessary tension and distrust among the populace.”
News
JUST IN: Eurozone Growth Beats Expectations In Third Quarter

The eurozone economy grew faster than expected in the third quarter of 2025, official data showed Thursday.
The EU’s data agency said the 20-country single currency area recorded growth of 0.2 per cent over the July-September period from the previous quarter.
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The figure was higher than the 0.1 per cent forecast by analysts for Bloomberg and FactSet.
More details later…
News
PHOTOS: Police Inspector, Others Die In Lagos-Ibadan Expressway Multiple-truck Crash

At least four persons were feared dead while several others sustained injuries in a multiple-vehicle crash involving five articulated trucks on Kara Bridge, inward Mowe, along the Lagos-Ibadan Expressway on Thursday.
A police inspector attached to the Lagos State Police Command was said to be among the victims.
The Lagos State Commissioner of Police, Moshood Jimoh, who confirmed the incident on Thursday during a visit to the scene, said emergency response teams worked through the early hours to rescue victims and clear the wreckage.
“We have a case of multiple accidents at the border between Ogun and Lagos State. Five vehicles were involved, all articulated vehicles. Precisely, three people have been rescued from the scene of the accident.
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“As early as 5 a.m., we have been on it, and we have other agencies here assisting us. We have LASTMA, the Road Safety Corps, and other security agencies,” Ishola said.
He explained that preliminary investigations showed the crash was caused by a trailer that suffered brake failure.
“At the beginning, we have a trailer that failed to brake, and it is important that everybody in charge of their vehicle ensures proper maintenance,” he stated.
The commissioner also confirmed the death of one of his officers who was part of the police advance team deployed to the scene.

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“It’s very unfortunate that we lost one of our police inspectors who came with our advance team to salvage the situation,” he said.
Ishola cautioned motorists, particularly drivers of articulated vehicles, against reckless driving, which he described as a leading cause of fatal crashes on highways.

“We want road users, especially those driving articulated vehicles, to stop this kind of recklessness. If they are not reckless in their driving habit, we won’t have this kind of accident,” he warned.

Rescue operations involving the police, Federal Road Safety Corps, Lagos State Traffic Management Authority, and other agencies were still ongoing as of press time, while efforts to remove the damaged vehicles and restore traffic flow continued.
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