AEDC: We cannot avoid VAT from meter cost

John Ofikhenua, Abuja

Following the complaint about the surreptitious manner in which the Abuja Electricity Company (AEDC) has raised the cost of meters, the power firm’s General Manager, Public Affairs, Mr. Oyebode Fadipe, who admitted that the increase in the Value Added Tax (VAT) component of the meter, said it is unavoidable and beyond his company.

A customer of the AEDC had dropped the hint about the increase to The Nation. In a text message which the service provider sent to the customer that our Abuja correspondent sighted, the customer was notified of the directive from the Nigerian Electricity Regulatory Commission (NERC) on the inclusion of five percent VAT to the cost of meters.

According to the message, the balance for the meter made earlier on would be migrated to the meter. The AEDC insisted on deducting the balance from the customers next vending.

The customer said that “It seems AEDC has jerked up the cost of meter surreptitiously. Here is the text I received…

Read All From The Original Article on The Nation

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