“You Will Not Feel it at All”: FG Introduces 10-year Repayment Plan for Prepaid Meters [Video]

• Electricity customers in Nigeria now have a grace period of up to ten years to finish the repayment for prepaid meters
• This is part of the federal government’s plan to make electricity meters affordable and available to all Nigerians
• The power minister said the goal is to procure and install at least 2 million meters annually over the next five years

Legit.ng journalist Victor Enengedi has over a decade’s experience covering Energy, MSMEs, Technology and the Stock Market.

The Minister of Power, Adebayo Adelabu, has explained that electricity consumers who receive free prepaid meters will have a repayment period of up to 10 years.

This clarification contrasts with earlier claims suggesting that customers who purchase meters would be reimbursed through energy credits.

Meter costs to be spread over a decade

During …