Ikeja Electric has released updated prices for prepaid meters, which take effect from August 6, 2025. The revised rates cover both single-phase and three-phase meter types and are inclusive of VAT.

The revised rates were announced on the disco’s official X account on Friday.

The company announced that “MBH Power Ltd’s one-phase costs ₦135,987.50,  while the three-phase costs ₦226,825.00. Turbo Energy Ltd’s one-phase costs ₦145,608.75, while the three-phase costs ₦236,903.13.

“Aries Electric Ltd’s one-phase costs ₦145,125.00, and the three-phase costs ₦258,000.00. Mojec Asset Management Company Ltd’s one-phase costs ₦135,718.75, and the three-phase costs ₦226,825.00.

“Paktim Metering Nig. Ltd, the one-phase meter costs ₦137,600.00, while the three-phase meter costs ₦233,275.00. Holley Metering Ltd’s one-phase meter costs ₦133,854.03, three-phase meter costs ₦219,497.09.

“CIG Metering Assets Nigeria Ltd’s one-phase meter costs ₦150,500.00, New Hampshire Capital Ltd’s one-phase meter costs ₦133,300.00 and the three-phase costs ₦231,125.00.”

The electricity distribution company noted that the prices are “valid subject to meter availability,” adding that the changes are part of its effort to ensure customers have access to up-to-date information on meter procurement.

The company also assured customers that the new pricing reflects the latest approved rates for meter providers under its Meter Asset Provider scheme.

Global electricity demand is set to rise by 3.3% in 2025 and 3.7% in 2026 – more than twice as fast as total energy demand growth over the same period, the IEA’s Electricity Mid-Year Update finds.

The new report underscores the increasing demand for electricity to power factories and appliances, keep buildings cool, operate growing fleets of data centres, run electric vehicles and more.

While the latest forecasts for global electricity demand growth this year and next are a deceleration from the 4.4% surge recorded in 2024, they remain well above the 2015-2023 average of 2.6%.

Renewables are expected to overtake coal as the world’s largest source of electricity as early as 2025 or by 2026 at the latest, depending on weather and fuel price trends.

At the same time, nuclear power output is expected to reach record highs, driven by reactor restarts in Japan, robust output in the United States and France, and new additions, mostly in Asia.

The steady increase in gas-fired power generation is set to continue displacing coal and oil in the power sector in many regions.

As a result of these developments, carbon dioxide emissions from electricity generation are currently forecast to plateau in 2025 and record a slight decline in 2026, although weather and economic conditions could affect that trajectory.

“The growth in global electricity demand is set to remain robust through 2026, despite an uncertain economic backdrop,” said Keisuke Sadamori, IEA Director of Energy Markets and Security.

“The strong expansion of renewables and nuclear is steadily reshaping electricity markets in many regions. But this must be matched by greater investment in grids, storage and other sources of flexibility to ensure power systems can meet the growing demand securely and affordably.”

Governor Ododo didn’t just go there to sign papers. He has since returned home to roll up his sleeves to make the partnership a huge success.

The Kogi State Government has reiterated its commitment to transforming the state’s agricultural sector and improving the livelihood of farmers through the recently signed Food for Lagos partnership, aimed at creating a robust food supply chain between Kogi and Lagos State.

This was disclosed in a statement made available to journalists in Lokoja on Thursday by the State Commissioner for Information and Communications, Kingsley Femi Fanwo, who highlighted the strategic steps already taken to actualize the economic potential of the initiative.

According to Fanwo, less than two weeks after the agreement with the Lagos State government was signed, Governor Ahmed Usman Ododo has begun implementing concrete measures to boost food production, improve infrastructure, and attract high-value investments into the state’s agricultural sector.

“Governor Ododo didn’t just go there to sign papers. He has since returned home to roll up his sleeves to make the partnership a huge success.

With the Governor’s efforts, Kogi farmers will earn more from their agricultural produce.”

He revealed that the State Ministry of Agriculture has already mapped out key areas with comparative advantages for specific crops, ensuring that each region contributes meaningfully to the value chain.

Kogi, he said, is already a leading producer of cassava in Nigeria and West Africa, and the administration is working hard to dominate other areas of food production.

“We are not just talking about being the food basket of the nation, we are taking real steps to become one,” he said.

He praised Governor Ododo as a visionary leader who, from the outset of his administration, placed agriculture at the center of his development agenda.

“During his campaigns and in his inaugural speech, he emphasized the need for Kogi to be self-sufficient in food production. Today, he is fulfilling that promise.”

Fanwo also highlighted major government-backed programs such as RAAMP (Rural Access and Agricultural Marketing Project), which is facilitating the rehabilitation of rural roads to improve access to markets, and ACReSAL (Agro-Climatic Resilience in Semi-Arid Landscapes), which is channeling investments into rural farming communities.

“Agriculture in Kogi is receiving the biggest attention it has ever received,” Fanwo affirmed.

“Our youth and women from Ibaji to Gegu and Egbe are now fully involved in the agricultural revival sweeping across the state.”

He further noted that the state’s growing success in combating rural insecurity has contributed to increased farming activity and boosted confidence among local farmers.

The Information Commissioner said that the Food for Lagos Project is a game-changer, not only for food supply in Nigeria’s largest city but also for wealth creation and economic empowerment in Kogi State.

“With sustained implementation, this partnership will make Kogi farmers richer and the state stronger economically,” he said.