The Abuja Electricity Distribution Company (AEDC) says it will commence the implementation of the 7.5per cent Value Added Tax (VAT) on its services and cost of meter under the Meter Assert Programme (MAP) from Feb. 1.
Mr Oyebode Fadipe, AEDC’s General Manager Corporate Communications, made this known in a statement in Abuja on Wednesday.
Fadipe said that the directive was in compliance with the Federal Government directive on VAT.
He said ” Please be informed that the new VAT of 7.5 per cent will from February 1 be reflected in all our services, electricity bill and cost of meter under MAP.
“Customers are to note that VAT is only applied on the aggregate cost of energy consumed by the customer per time and the cost of the meter, and not an increase in the unit cost of electricity or meter.
According to him, single phase meter which cost N36, 991.50 will be N39,765.86 with VAT addition of N2,774.56.
He said that three phase meter which is N67,055.85 would cost N72, 085.04 with VAT addition of N5, 029.19 (NAN)

Less than 1 min.Read
We’ll implement 7.5 per cent VAT from Feb 1 — AEDC tells customers
Hot this week
Politics
Nigeria @ 65: Sen. Akume Urges Shared Responsibility for Nation-Building
By Francis Wilfred
ABUJA, Nigeria – As Nigeria prepares to...
News
20 Die, Several Missing in Kogi Boat Accident
By Noah Ocheni, Lokoja
At least 20 people have died...
News
Humanitarian Aid: Hazras Charity Foundation Setting Standards In Mokwa.
By Jabiru Hassan. Non-governmental organisations often play ...
News
Don wants collective efforts to tackle Nigeria’s woes, awards scholarships
By Ogenyi Ogenyi,Uyo
A retired Professor of Ethnocommunicology, Desmond Wilson,...
News
Gov. Ododo committed to improving road networks in Kogi – Commissioner
By Noah Ocheni, Lokoja
The Kogi state Commissioner for Works,...
Topics
- Agriculture
- Arts
- BBNaija Updates
- Book Review
- Business and Economy
- China
- Columnists
- Coronavirus
- Crime
- Culture
- Dating
- Defence/Security
- Economy
- Editorial
- Education
- Encounter
- Energy
- Entertainment
- Environment
- Fashion
- Fashion & Style
- Featured
- Features
- Foreign News
- Headlines
- Health
- House of Representatives
- Inspiration
- Interview
- Judiciary
- Lifestyle
- Magazine
- Metro
- Money
- News
- Nigerian Newspapers
- Opinion
- parliamentary
- Personality
- Poetry
- Politics
- Press Release
- Red Dragon
- Relationship
- Religion
- Science and Technology
- security
- Skincare
- Sports
- Style
- Tech
- Travel
- Weather
More
News
NYCN Launches Tinubu CARES, Empowers Traders as Nigeria Marks 65th Independence
…Rolls out entrepreneurship fund to boost small businesses
…..Distributes modern...
News
Wike Condoles With Arise News Over Death Of News Anchor, Vows Killers Will Be Apprehended
By Joyce Remi-Babayeju
The FCT Minister, Barr. Nyesom Wike, has...
Politics
Sixty-Five Cheers to a Great Nation in Need of True Reflections
The Pan Niger Delta Forum (PANDEF), on behalf of...
Politics
Nigeria @65: United, prosperous nation possible under Tinubu administration – Amagbein
By Our Correspondent
Better, united and prosperous Nigeria is possible...
News
NNPC Foundation Boosts Economy with Agricultural Intervention, Say Kano Farmers
By Jabiru Hassan
Farmers in Kano State have commended the...
News
Condolence Message: The Death Of Arise TV Anchor, Somtochukwu Christelle Maduagwu
...David Nweze Umahi, CON.
I received with a deep...
News
Kogi Boat Mishap: Death Toll Rises to 36, 40 Rescued
By Noah Ocheni, Lokoja
The National Inland Waterways Authority (NIWA)...
News
Nigeria @65: Claims of Progress Are Deceptive – Activist Ukegbu
A social rights activist, Comrade Okechukwu Keshi Ukegbu, has...