Monday, 22 June 2020 05:18

Electricity companies blame high import duties for slow metering

Rate this item
(0 votes)

Electricity distribution companies (Discos) in the country’s power supply chain yesterday blamed federal government’s high import duty on meters for the difficulty in providing the equipment for their customers.

The power distributors maintained that among other hurdles slowing the firms’ 2021 metering target of Meter Asset Providers (MAP) regulation, inability to clear the goods from the ports remains a major setback for the industry.

Many of the Discos, including Abuja Electricity Distribution Company (AEDC), have recently put the federal government charges at 35 per cent, which has made it almost impossible to get meters into the country.

Coming under their umbrella of the Association of Nigerian Electricity Distributors (ANED), Discos called on the federal government to intervene in finding a means to cut the duty on imported meters in order to enable faster metering for their customers towards ending the estimated billing regime.

The statement issued by Executive Director, Research and Advocacy of ANED, Mr Sunday Oduntan, said some of the MAP companies have the capacity to install about 3,000 meters per day for the Discos if the meters are available.

“These are separate companies but Discos support MAP and we want them to succeed.

“There should be zero percent import duty on meters. We must assist local meter manufacturers to bring in components duty-free until Ajaokuta Steel Company is ready. The high import duty at the ports is killing the power sector.

“When customers are metered, they would be happy. Estimated billing is not good for the Discos’ revenue collection drive.

“While those importing meters are finding it hard because of the import duty, local meter manufacturers are also finding it difficult to continue production because they have to pay import duty on at least seven different components which they import for use in producing the meters in Nigeria,” Discos lamented.

They said power firms cannot be blamed for the current slow process of providing meters for their customers as that role was given to the MAP companies since Nigerian Electricity Regulatory Commission (NERC) implemented the MAP regulation in 2019 and gave permits to metering firms to provide and install the meters for Discos.

ANED also said Nigerian Electricity Management Services Agency (NEMSA) which tests and certifies meters for Discos recently confirmed that the firms were to present 1.023 million meters for testing in the first phase of MAP scheme which began in May 2019 which they have been unable to do.

 

Thisday

December 23, 2024

Investors on NGX gain over N1trn in 5 days

The Nigerian Exchange Limited (NGX) posted strong gains last week, with investors adding more than…
December 20, 2024

Atiku questions alleged hack of NBS website, says timing suspicious

Former Vice President Atiku Abubakar has raised concerns over the recent claim that the website…
December 22, 2024

How to know if your memory lapses are serious or not

The older I get, the more panicked I become when something slips my mind. Is…
December 21, 2024

‘Professional Back-Scratchers’ charge up to $130 per hour

The Scratcher Girls is an unconventional relaxation therapy studio that charges clients up to $130…
December 21, 2024

NAFDAC busts illegal rice repackaging operations in Nasarawa, Abuja

The National Agency for Food and Drug Administration and Control (NAFDAC) has cracked down on…
December 23, 2024

Here’s the latest as Israel-Hamas war enters Day 444

Israel's Netanyahu eyes Iran after triumphs over Hamas, Hezbollah, Syria 2025 will be a year…
December 20, 2024

OpenAI launches voice and text access to ChatGPT through new phone service

OpenAI has introduced a novel way to interact with its popular ChatGPT artificial intelligence system…
December 17, 2024

Ademola Lookman named 2024 CAF Men’s Player of the year. These players won in other…

Ademola Lookman, the Super Eagles winger, was crowned the 2024 CAF Men’s Player of the…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Prof Wale Are Olaitan: Editorial Consultant; Femi Kawonise: Head, Production & Administration; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2024 NewsScroll. All rights reserved.