Connect with us

News

NERC orders DisCos to refund ₦20.33bn meter costs to customers

Published

on

 

The Nigerian Electricity Regulatory Commission has ordered electricity distribution companies to refund a total of ₦20.33bn in outstanding meter costs to customers under the Meter Asset Provider framework.

The directive was contained in Order No: NERC/2026/025, which amends a previous 2023 order. The order was signed by the NERC Chairman, Musiliu Oseni, and the Commissioner, Legal, Licensing and Compliance at NERC, Dafe Akpeneye, on February 27, 2026.

According to the commission, the distribution companies are to recover and fully disburse the outstanding sum to affected customers over a 12-month period beginning from March 1, 2026.

Under the Meter Asset Provider framework, customers pay upfront for meters, while DisCos are expected to refund them through energy credits spread over an approved amortisation period.

However, NERC noted that the pace of reimbursement had been slow over the years, prompting the issuance of a new order to enforce compliance.

The commission stated that as of December 31, 2025, DisCos had failed to fully reimburse customers for meters procured under the MAP scheme, leaving an outstanding ₦20.33bn.

It explained that the new order was aimed at preventing recurring delays in reimbursements, improving customer notification, and strengthening credibility and confidence in the electricity sector.

“In February 2026, the commission reviewed the level of compliance of DisCos with the expected reimbursement to customers who have paid for meters under the MAP framework,” the order read.

It added that all reimbursements for meters procured under the scheme would henceforth be fully automated on customers’ accounts.

“DisCos shall ensure that the total cost of a MAP meter is recognised as credit on the customer’s account upon activation of the meter and disbursed automatically as monthly credits over the approved amortisation period,” the commission stated.

The order also directed that meter reimbursement credits must not be offset against customers’ legacy debts.

“DisCos shall not offset meter reimbursement credits against customer legacy debts; the items must be treated separately,” it said.

For prepaid customers, the commission mandated that DisCos automatically generate monthly tokens representing the reimbursement. For postpaid customers, the reimbursement must appear as a distinct credit line item on their bills.

“For customers with prepaid meters, no later than the 4th day of every month, the DisCo’s billing system will automatically generate a token with an energy value equivalent to the monthly reimbursement which the customer is due to receive over the 120-month amortisation period based on the prevailing tariff for the customer.

“For post-paid customers, the monthly reimbursement of the cost of a MAP meter shall appear as a distinct credit line item which is expected to be subtracted from the customer’s total payable for the month,” the commission added.

NERC further mandated all DisCos to submit monthly compliance reports and establish dedicated complaint channels for affected customers.

“All DisCos shall file monthly reports with the commission detailing the total monetary value of the reimbursement to customers through energy credit, in accordance with the template approved by the commission.

“All DisCos shall establish a dedicated email address for the receipt of complaints from customers who have not received MAP meter cost reimbursements. Details of such complaints, including the status of their resolution, shall form part of the monthly compliance reports submitted to the commission,” it stated.

To recover the ₦20.33bn arrears, the commission directed DisCos to accelerate repayment over 12 months starting from March 1, 2026.

“To recover the sum of ₦20.33bn that was not reimbursed to customers as at 31 December 2025, DisCos shall accelerate the rate of recovery for the affected customers over 12 months commencing from 1 March 2026,” the order added.

The commission noted that during the accelerated repayment period, prepaid customers would receive two tokens monthly, while postpaid customers would see two reimbursement line items on their bills.

Comments

News

Oyo South: Tegbe, Others Named Oseni Students’ Movement Exco

Published

on

A students’ leader, Comrade Tegbe Stephen, has been named Coordinator of the Remi Oseni Students’ Movement ahead of its formal inauguration.

The appointment is part of efforts to strengthen the students’ support base for the All Progressives Congress (APC) Oyo South Senatorial candidate, Hon. Aderemi Oseni, across tertiary institutions in the district.

Also named into the executive are Comrades Wale Ajibike (Bosslee), Isiaka Hammed (General), Salami Olatunji, Adetunji Sultan Adekunle, Oluwatobi Ojo and Onifade Victor.

The announcement was made during a strategic meeting with student leaders in Ibadan. The meeting was attended by the Oyo South APC Youth Leader, Com. Olalekan Olowe, and Oseni’s Personal Assistant, Com. Ibrahim Alabi, popularly known as “Otunba Poly.”

Addressing the gathering, Olowe described the movement as a platform to mobilise students across Oyo South, urging the newly named executive to live up to the confidence reposed in them.

He said: “Students remain one of the strongest forces in any democratic society. We expect you to build a vibrant movement that will unite your colleagues and advance the vision of Hon. Aderemi Oseni across our campuses.”

Olowe added that the executive would be formally inaugurated in the coming weeks, after which the movement would commence full activities across the senatorial district.

Also speaking, Ibrahim Alabi urged the student leaders to remain committed, united and focused on the responsibility entrusted to them.

“This is a call to service. Your duty is to mobilise, educate and inspire students to play active roles in the democratic process. We believe you have the capacity to justify this confidence,” he said.

Responding on behalf of the executive, Tegbe thanked Oseni and the students’ leadership for the opportunity to serve, assuring them of their commitment to the assignment.

“We appreciate the confidence reposed in us and will not take it for granted. Our resolve is to build a formidable students’ movement across Oyo South and ensure that students on every campus are actively mobilised ahead of the election,” he said.

The formal inauguration of the executive is expected to be held soon.

Continue Reading

News

Oseni celebrates Oyo APC Publicist,  Sadare, extols loyalty, commitment to progressive cause

Published

on

The All Progressives Congress (APC) candidate for Oyo South Senatorial District, Hon. Aderemi Oseni, has congratulated the Oyo State Publicity Secretary of the party, Alhaji Wasiu Olawale Sadare, on the occasion of his birthday, describing him as a loyal progressive, effective communicator and committed party stalwart whose contributions have continued to strengthen the party in the state.

Oseni, in a statement issued on Sunday by his Media Aide, Idowu Ayodele, said Sadare has remained a consistent and dependable voice of the party, discharging his responsibilities with professionalism, integrity and an unwavering commitment to the ideals of the All Progressives Congress.

He noted that the Oyo APC spokesman has distinguished himself through responsible public communication, constructive engagement and an enduring commitment to promoting the party’s vision, values and programmes.

According to the chairman, House Committee on Federal Roads Maintenance Agency (FERMA), Sadare’s humility, calm disposition and ability to articulate the party’s position with clarity have earned him the respect of party leaders, members and stakeholders, while also contributing to the unity and stability of the APC in Oyo State.

“Alhaji Wasiu Olawale Sadare is a committed progressive whose loyalty and dedication to our great party have remained steadfast over the years. He has served with uncommon diligence and has continued to project the ideals of the APC with dignity, courage and sincerity,” Oseni said.

The lawmaker added that the publicist’s birthday presents another opportunity to celebrate a man whose service has gone beyond official responsibility, noting that his contributions to strengthening internal cohesion and fostering constructive engagement within the party deserve commendation.

“As you mark another year today, I join your family, friends, political associates and the entire progressive family in celebrating God’s faithfulness in your life. Your commitment to duty, humility and sense of responsibility continue to inspire many within our party.”
Oseni prayed for greater accomplishments for the celebrant, asking Almighty Allah to bless him with good health, wisdom and renewed strength to continue serving the party and humanity.

“I pray that Almighty Allah grants you many more years in sound health, abundant grace and greater accomplishments. May He continue to guide your steps, enlarge your coast and reward your selfless service to our great party, Oyo State and our nation. Happy birthday, and many happy returns.”
The statement added that Oseni wished Sadare a memorable celebration and expressed confidence that his wealth of experience, dedication and leadership would continue to contribute meaningfully to the growth of the APC and the advancement of progressive politics in Oyo State.

Continue Reading

News

Oyo lawmaker, Oseni empowers Agbeni traders with ₦50m grant, rallies support for Tinubu

Published

on

The All Progressives Congress (APC) senatorial candidate for Oyo South, Hon. Aderemi Oseni, on Friday strengthened his grassroots engagement with traders by presenting a ₦50 million business grant to members of the Agbeni Amunigun Traders Association in Ibadan.

The empowerment package is expected to benefit traders across the market, which cuts across Ibadan North-West and Ibadan South-West Local Government Areas of Oyo State.

Oseni, who represents Ibarapa East/Ido Federal Constituency in the House of Representatives, also donated ₦5 million towards the completion of the association’s secretariat. He further pledged to install solar-powered streetlights within the market to improve security and make the business environment more conducive.

Speaking during an interactive meeting with the association’s leaders, executives and representatives of its 15 zones, the lawmaker described traders as key drivers of the local economy, saying they deserved continuous support to grow their businesses and improve their standard of living.

He also appealed to the traders to sustain their support for President Bola Ahmed Tinubu, expressing confidence that the economic reforms introduced by the administration would deliver lasting benefits for the country.

“The decisions taken by President Tinubu were difficult, but they were necessary. Today, fuel queues are gone, states and local governments receive higher allocations, and more resources are available for infrastructure, education, healthcare and other development projects, including the regular payment of salaries,” he said.

Oseni highlighted ongoing road rehabilitation projects, interventions in the health sector, agricultural support initiatives and the Nigerian Education Loan Fund (NELFUND) as some of the programmes making a difference under the current administration.

He noted that the student loan scheme had opened up access to higher education for many young Nigerians, while other economic reforms were laying a solid foundation for sustainable growth.

Looking ahead, Oseni promised that if elected to represent Oyo South in the Senate in 2027, he would facilitate an interest-free revolving loan scheme for traders. He said the programme would be jointly managed by the market leadership and a reputable microfinance bank to ensure genuine traders had access to affordable credit.

“I will continue to support policies and programmes that help small and medium-scale businesses thrive because traders remain the engine of our economy. My goal is to create opportunities that will help your businesses expand and improve the welfare of your families,” he said, assuring the association that the requests presented to him would receive prompt attention.

Earlier, the Babaloja of the market, Alhaji Abdul-Latifu Abdulganiyu; the Baale, Alhaji Muniru Oladayo; the General Chairman of the market, Alhaji Nureni Lawal; the Iyaloja’s representative, Alhaja Basirat Owolanwa; and the youth representative, Alhaji Adeyinka Basiru, praised Oseni for his consistent support for traders and other community-based empowerment programmes.

The market leaders unanimously endorsed his senatorial ambition and pledged to mobilise support for his 2027 bid, saying his record of empowerment, constituency projects and community development had earned him the confidence of the people.

 

Continue Reading

Advertisement

Entertainment

Advertisement

MegaIcon Magazine Facebook Page

Advertisement

MEGAICON TV

Advertisement

Trending