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VAT: Ikeja Electric Announces Price Hike In MAP Meters - Politics - Nairaland 394h3v

VAT: Ikeja Electric Announces Price Hike In MAP Meters (21215 Views)

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dipoolowoo: 5:45am On Jan 25, 2020
By Dipo Olowookere

One of the leading electricity distribution companies in Nigeria, Ikeja Electric Plc, has announced an upward review in the prices of meters sold to customers under the Meter Asset Provider (MAP) introduced by federal government.

In a notice to its customers on Friday, the energy firm said it was increasing the price for procuring the MAP meters as a result of the hike in the Value Added Tax (VAT) from Saturday, February 1, 2020.

President Muhammadu Buhari recently signed a Finance Bill into law, approving the upward review of VAT to 7.5 percent from 5 percent from next weekend.

Ikeja Electric explained that the increase in the price of MAP meters is to reflect the new VAT hike. For the single-phase meter, the new price is N39,765.86, while the three-phase meter now costs N72,085.68.

“This is to notify all Ikeja Electric customers that following the recent increase in Value Added Tax (VAT) introduced by the federal government, prices for prepaid meters have been reviewed to reflect current realities. The new prices take effect February 1, 2020 as indicated by the directive,” the company.

“Kindly note the change in prices as these will be the cost invoices sent from February 1, 2020,” the firm stated in a notice seen by Business Post.
ehttps://businesspost.ng/general/vat-ikeja-electric-announces-price-hike-in-map-meters/

2 Likes 2 Shares
MrPresident1: 5:48am On Jan 25, 2020
Buhari's sacrifice saved 120m lives

6 Likes 1 Share
money121(m): 5:50am On Jan 25, 2020
Ook

14 Likes 2 Shares
BuhariAdvocate: 5:55am On Jan 25, 2020
Which right ikeja electricity company have to hike price on the national monument.
Davash222(m): 6:00am On Jan 25, 2020
BuhariAdvocate:
Which right ikeja electricity company have to hike price on the national monument.
Your Buhari increased VAT. Direct your question to Buhari!!

55 Likes 3 Shares
greatiyk4u(m): 6:03am On Jan 25, 2020
Higher VAT means more revenue for govt development

Not a bad way to grow

3 Likes 4 Shares
LadySwitz: 6:04am On Jan 25, 2020
It's not about just reviewing price up and down. Are the metres available for consumers? As in, pay and get...or is it that you pay and wait forever for the meter you've paid for?

This is a reoccurrent madness in most Discos.

How many of you here have paid for metres and are still waiting?

33 Likes

Re: VAT: Ikeja Electric Announces Price Hike In MAP Meters by Nobody: 6:22am On Jan 25, 2020
greatiyk4u:
Higher VAT means more revenue for govt development

Not a bad way to grow

it actually means more money for the politicians to steal...meanwhile these same discos refuse to issue out meters since they make more revenue from crazy estimates...

save the platitudes for the gullible ones, people have become wiser in this information age!

43 Likes 2 Shares
helinues: 6:25am On Jan 25, 2020
Paying more for darkness

2 Likes

Jestin: 6:33am On Jan 25, 2020
Meter that is free in other countries. Which way Nigeria ?

5 Likes

englishmart(m): 6:34am On Jan 25, 2020
Hiking the price of services not rendered. Our people are very smart when it comes to improvising means of looting

6 Likes 1 Share
ignis: 6:34am On Jan 25, 2020
Next level
Cyoung4real(m): 6:35am On Jan 25, 2020
Imagining increasing the prize of something we are not seeing

7 Likes

nony43(m): 6:35am On Jan 25, 2020
B
ignis: 6:35am On Jan 25, 2020
BuhariAdvocate:
Which right ikeja electricity company have to hike price on the national monument.

Continue displaying your ignorance.

Buhari increased VAT, on national monuments.

7 Likes

ForeThinker: 6:36am On Jan 25, 2020
Nawaao
superamoled: 6:36am On Jan 25, 2020
Tax revenue that people in the office will still pocket
Kingbenn(m): 6:36am On Jan 25, 2020
Hmmmm, all is well o
ursullalinda(f): 6:36am On Jan 25, 2020
Everything is just going high....the masses are really suffering......this next level co easy oh
Funjosh(m): 6:36am On Jan 25, 2020
Very good at increasing prices, but to increase power supply na problem to them.
RichDad1(m): 6:37am On Jan 25, 2020
Paying more for Darkness since 1999. undecided undecided
fatymore(f): 6:37am On Jan 25, 2020
How much us our house rent, how much is electricity fee?


Electricity fee is higher than our house rent... undecided
Things are Jud getting lipsrsealed

Good Morning Nigerians.

1 Like

2shure: 6:38am On Jan 25, 2020
I dnt have,the one i bought frm someone they refused to it.since then i abuse nepa.i plug everytin at once.frm iron to pump
lonelydora: 6:39am On Jan 25, 2020
Anything to extort the masses. One day one day, monkey go enter market, e no go return.

1 Like

sotall(m): 6:39am On Jan 25, 2020
cry

Increasing price for darkness
Cocolatti(m): 6:40am On Jan 25, 2020
Audio Meters
Nigeria is a Scam

1 Like

vivalavida(m): 6:42am On Jan 25, 2020
greatiyk4u:
Higher VAT means more revenue for govt development

Not a bad way to grow

And reduced disposable income by the populace.
How many people will agree to fork out 72k now for prepaid meter?
Meaning we willstill be stuck in the era of estimated billings and all the shady practices that go with it.

2 Likes

SEGLIZ: 6:43am On Jan 25, 2020
all they know how to distribute is hike price.
Katier00(f): 6:45am On Jan 25, 2020
That has always been the price in Anambra state
Re: VAT: Ikeja Electric Announces Price Hike In MAP Meters by Nobody: 6:47am On Jan 25, 2020
greatiyk4u:
Higher VAT means more revenue for govt development

Not a bad way to grow
more revenue more looting
we will never get it right in this country
Re: VAT: Ikeja Electric Announces Price Hike In MAP Meters by Nobody: 6:48am On Jan 25, 2020
Useless govt. Increased vat to invest in their pocket and fund thier fvcking lifestyle... There are a million other ways to generate revenue. Unintelligent buffoons angry

2 Likes

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