Electricity: Expert lauds Buhari over waiver on import levy on Prepaid meters

Electricity: Expert lauds Buhari over waiver on import levy on Prepaid meters

Following President Muhammadu Buhari approval of granting a one-year waiver on import levy on prepaid electricity meters, an Electricity expert, Mr Mohammed Idris on Monday lauded the development.

Idris gave this commendation in an interview with newsmen on Monday in Akwanga Local Government Area (LGA) of Nasarawa State.

According to him, the waiver by the President is a demonstration of political will directed at addressing the challenge of meter deficit in the country.

Idris, also the acting Director of Works, College of Education Akwanga (COEA), said he expected to see massive installation of prepaid meters by Distribution Companies (DISCOs).

According to him, this will go a long way in ending the regime of estimated billing as directed by the President.

“Prepaid meter is the only thing that will help both the electricity customers as well as the distribution companies from being shortchanged, as customers will only pay for energy consumed.

READ ALSO: Black Panther: Chadwick Boseman net worth, salary

“If any customer fails to recharge, such a customer will not have access to electricity,” he said.

Idris stressed that prepaid meters would also address frequent clashes and attacks on staff of DISCOs by customers for trying to disconnect them over unpaid bills.

He urged DISCOs to put machinery in place to check the activities of some of their staff, alleging that some of them aid illegal connections by bypassing prepaid meters, thereby shortchanging the company.

The expert advised the appropriate agency of government to ensure total compliance with the ban on estimated billing by ensuring that it monitored that all customers were metered.

He appealed to customers to buy prepaid meters as was the case in other developed nations.

NAN reports that Buhari had approved a one-year deferment of the 35 per cent import adjustment tax (levy) imposed on fully-built unit (FBU) electricity meters.

This is in consonance with the 2019 fiscal policy measures for the implementation of the Economic Community of West African States (ECOWAS) Common External Tariff (CET) 2017 – 2022.

The approval was specifically predicated on a request by the Minister of Finance, Budget And National Planning, Mrs. Zainab Ahmed to support the Nigerian Electricity Regulatory Commission (NERC) in rolling out three million electricity meters under the Meter Asset Provider (MAP) framework.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.