Lagos, Nigeria – August 8, 2025: Ikeja Electric Plc has released a revised price list for its prepaid meters, effective from August 6, 2025, across its coverage areas. The update, announced via the company’s official X (formerly Twitter) handle, includes new rates for both single-phase and three-phase meters, inclusive of Value Added Tax (VAT).
According to the announcement, the new pricing under the Meter Asset Provider (MAP) scheme reflects the most recent regulatory approvals and is intended to provide customers with transparent, updated information on meter acquisition.
New Prepaid Meter Prices (VAT Inclusive):
MBH Power Ltd:
Single-phase: ₦135,987.50
Three-phase: ₦226,825.00
Turbo Energy Ltd:
Single-phase: ₦145,608.75
Three-phase: ₦236,903.13
Aries Electric Ltd:
Single-phase: ₦145,125.00
Three-phase: ₦258,000.00
Mojec Asset Management Ltd:
Single-phase: ₦135,718.75
Three-phase: ₦226,825.00
Paktim Metering Nig. Ltd:
Single-phase: ₦137,600.00
Three-phase: ₦233,275.00
Holley Metering Ltd:
Single-phase: ₦133,854.03
Three-phase: ₦219,497.09
CIG Metering Assets Nigeria Ltd:
Single-phase: ₦150,500.00
New Hampshire Capital Ltd:
Single-phase: ₦133,300.00
Three-phase: ₦231,125.00
Ikeja Electric emphasized that meter availability remains a determining factor, and customers are advised to contact their preferred MAP provider for further details.
New 15MVA Injection Substation Commissioned in Abaranje, Lagos
In a major boost to its infrastructure development agenda, Ikeja Electric also commissioned a state-of-the-art 15MVA Injection Substation in the Abaranje-Ikotun axis of Lagos State. The project is expected to significantly improve power supply to over 50,000 residents and businesses, while reducing system losses and enhancing load management across the network.
The commissioning ceremony, held on Friday, attracted key stakeholders including top government officials, energy regulators, and community leaders.
Leaders Commend Project
Minister of Power, Adebayo Adelabu, applauded Ikeja Electric’s investment in grid expansion and power reliability:
“This project is a testament to the current administration’s unwavering commitment to transforming Nigeria’s power sector. Stable, affordable electricity is not a luxury—it’s a necessity, and initiatives like this bring us closer to that goal.”
Kola Adesina, Chairman of Ikeja Electric and Sahara Group, highlighted the company’s long-term vision:
“At Sahara Group, we see energy as the backbone of economic growth. This substation represents our commitment to powering Nigeria with innovation and excellence.”
Folake Soetan, CEO of Ikeja Electric, described the substation as a major milestone for customers in the Ikotun area:
“This facility isn’t just infrastructure—it symbolizes our promise of service reliability. Our goal is to consistently deliver value through reliable, quality electricity.”
Key Benefits of the New Substation:
Improved power reliability for ~50,000 customers
Enhanced capacity with 15MVA load addition
Better voltage regulation and load balancing
Support for local business growth and urban development
Reduction in technical losses and downtime
Stay Informed
Customers are encouraged to follow Ikeja Electric’s official channels for updates on meter availability, installation processes, and other service improvements.
