Nigerians to pay 7.5% VAT on electricity meters

Electricity meters
Electricity meters

Nigerians to pay 7.5% VAT on electricity meters – Eko Electricity Distribution Company (EKEDC) has said from February 1, the prices of meters under the Meter Asset Provider (MAP) scheme will be reviewed to reflect the increase in Value Added Tax (VAT) recently implemented by the Federal Government.

Its Corporate Communications General Manager Godwin Idemudia told reporters that the review was in compliance with the Federal Government’s directive, which would see an increase in value added taxes from five per cent to 7.5 per cent from the first day of February.

Electricity meters
Electricity meters

He further stated that customers would pay N39,765.86 (VAT inclusive) for a single-phase meter and N72,085.68 (VAT inclusive) for a three-phase meter.

The statement also disclosed that VAT on tariffs had been adjusted to accommodate the new 7.5 per cent rate, and service charges on instalmental meter payments through MAP would be reviewed to accommodate the new VAT charge.

Idemudia praised customers for their support and urged them to pay bills promptly, as these are the major source of funding for projects underway to improve service delivery in their network.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Financial Watch. Every investment and trading move involves risk. You should conduct your own research when making a decision.

About Cynthia Charles 1207 Articles
She is a prolific writer and has special interest on writing about business and opportunities. She can be contacted via [email protected]

1 Comment


    Have you had about *LAVITA RICCA INVESTMENT* ? am not talking about MMM or Ponzi SCHEME
    lavita is a matrix system which give you DOUBLE of your CAPITAL back in (45 min) after registration



    NOTE: we credit your account after 45min after registeration.

    Lavita Ricca International is a company duely registered under the Coporate Affairs Commission of Nigeria and certified fraud free to do business in Nigeria by the Economic Financial Crimes Commission (EFCC). This is a Nigerian network marketing company founded by Mr. Ifeanyi Alex Monye with it’s Head Quarter’s. The company takes pride in the fact that it stands out amongst other network marketing companies. It has the best compensation plan, affordable and effective services, systems that keeps her customers coming back for more. When you join this company, you get more than their outstanding services.


    HOT LINE:+2349036369810

    ITS SIMPLE HERE !!!!!!!
    We trade with hard currency here like bit coin we make 3tripple of your donation and send you you two part and we benefit one part Example if you invest with 20k within 45mins we make profit of 60k then send 40k to you then profit 20k. This is not mmm where they merge people to donate for each other
    You pay directly to us and we credit you directly.

    Note:you get credited in less than 45mins.


    NOTE: You can finish reading this and decide not to take the necessary actions, but the next time you want to complain about not having money, just know that you are on your own problem. ?….

Leave a Reply

Your email address will not be published.