L
LequteMan
Guest
Due to the weakness and imbalance of the Naira coupled with the recent devaluation of the currency, the cost of electric meters in Nigeria have risen to N60,000, a PUNCH report says.
The development arose because most of the meters are imported from other countries, the report added.
Excerpt:
The cost of acquiring pre-paid electricity meters by consumers in the country has risen due to the fall in the value of the naira following the currency’s recent devaluation by the Central Bank of Nigeria.
A single-phase meter, according to findings by our correspondent, can now be obtained for N39,375, while the three-phase meter now goes for N60,909.
Before now, the single-phase and three-phase meters were selling for N25,000 and N50,000.
However, with the latest development, the cost of the single-phase meter has risen by 56 per cent, while that of the three-phase meter has jumped by 20 per cent.
click here to read full report
#Nigeria #Punch
The development arose because most of the meters are imported from other countries, the report added.
Excerpt:
The cost of acquiring pre-paid electricity meters by consumers in the country has risen due to the fall in the value of the naira following the currency’s recent devaluation by the Central Bank of Nigeria.
A single-phase meter, according to findings by our correspondent, can now be obtained for N39,375, while the three-phase meter now goes for N60,909.
Before now, the single-phase and three-phase meters were selling for N25,000 and N50,000.
However, with the latest development, the cost of the single-phase meter has risen by 56 per cent, while that of the three-phase meter has jumped by 20 per cent.
click here to read full report
#Nigeria #Punch
