Sabrud Consortium

Sabrud Consortium, an indigenous electricity prepaid metre manufacturing firm, has urged the Federal Government to grant special forex regime to the sector. It also applauded the upward review of metre prices by Nigerian Electricity Regulatory Commission (NERC) which took effect on June 1. The firm said also that the increase in prices of prepaid electricity meters will boost local production. Chiso Nwangwu, Managing Director of Sabrud Consortium, who spoke to newsmen in Awka on Thursday, said the increase in prices was long overdue as the former rates had become grossly inadequate in view of the prevailing economic realities. Newsmen recall that NERC earlier this month, announced that customers would now pay N44,896.17 instead of N36,991.50 for single phase meters while three phase meter ...