Experts, power sector operators and electricity Distribution Companies (DisCos) have expressed divergent views on the Federal Government’s directive mandating the rollout of free prepaid meters to electricity consumers nationwide.

They said this while reacting to the directive in an interview on Sunday in Lagos.

The Minister of Power, Adebayo Adelabu, on Jan.

26 directed all electricity DisCos to provide prepaid meters free of charge to customers across all tariff bands.

An energy expert, Dr. Olukayode Akinrolabu, said the initiative was a critical step toward transparency, fairness and trust in the electricity sector.

Akinrolabu, who chairs the Customer Consultative Forum for Festac and Satellite Town, urged DisCos to move beyond delays and excuses.

According to him, they can integrate all postpaid customers into the Federal Government’s metering rollout without hesitation and the process must be deliberate, comprehensive and timely.

He said funding for the rollout was anchored on the N28 billion Meter Acquisition Fund (MAF), complemented by private sector participation through the Meter Asset Provider (MAP) model.

Akinrolabu, however, cautioned that given the operational and financial challenges confronting DisCos, the implementation timeline appeared ambitious.

This, stressed, would require significant capacity building, logistics support and strategic partnerships.

“To guarantee accountability, regulators have introduced milestone-based disbursements, system integration requirements, and penalties for delays,” he said.

He added that the Nigerian Electricity Regulatory Commission (NERC) had mandated DisCos to integrate their systems with the fund manager’s IT infrastructure and complete Know-Your-Customer (KYC) procedures.

Akinrolabu further emphasised that sanctions should be imposed on DisCos for installation delays arising from poor network readiness or inaccurate customer data.

He identified inaccurate customer demographic information, often linked to energy theft and collusion with some DisCo staff, as a major impediment to effective implementation.

According to him, the N28 billion allocated under the MAF Tranche B scheme would be disbursed strictly for meter procurement and installation.

Recalling past interventions, Akinrolabu said the Meter Asset Provider (MAP) programme and the National Mass Metering Programme (NMMP) were Federal Government initiatives designed to reduce the financial burden of metering on consumers.

 “I am strongly convinced that this initiative is a step in the right direction.

 “The structural reforms, particularly in logistics and manpower, are essential for success,” the expert said.

Akinrolabu disclosed that NERC had directed DisCos to appoint credible Meter Asset Providers with ready-to-deploy inventory and at least 30 per cent local content compliances.

He noted that MAPs were also responsible for addressing manpower gaps in meter installation.

Meanwhile, the Ibadan Electricity Distribution Company Plc (IBEDC) has expressed strong support for the Federal Government’s free metering initiatives.

Angela Olanrewaju, Coordinating Head, Corporate Services, IBEDC, said the company aligned with all efforts aimed at expanding meter access and reducing its nearly 40 per cent metering gap.

According to her, the Federal Government has facilitated several free metering schemes which include the NERC-backed Meter Acquisition Fund and the World Bank-supported Distribution Sector Recovery Programme (DISREP).

“For both schemes, the meters and installation are completely free,” Olanrewaju said.

She added that IBEDC consistently sensitises customers not to pay installers or company staff, as the process incurs no cost to beneficiaries.

Olanrewaju noted that customers on Bands C to E, who were unwilling to wait for the free schemes, could opt for the MAP programme.

Under the programme, she noted that customers would have to pay upfront and would be refunded through energy credits over time.

She reiterated that increased metering across all bands was essential for service improvement, accurate billing and a more efficient electricity market.

Olanrewaju disclosed that since April 2025, about 102,000 smart meters had been allocated to IBEDC under the MAF and DISREP schemes and were currently being deployed.

She clarified that customers do not need to apply or register for the schemes, as deployment is carried out systematically.

However, some DisCo officials, who spoke anonymously, expressed reservations about the minister’s directive mandating free meters for all customer categories.

They argued that the policy did not adequately consider the concerns of installers and meter providers.

The officials added that the so-called “free” meters would still be paid for by DisCos over a period of up to 10 years.

 “Someone must pay for installation.

 “If DisCos are required to fund capital expenditure, it must be recognised as allowable capex and factored into tariffs.

“Otherwise, it could cripple their balance sheets,” one official said.

Another operator described the directive as a populist move.

 “If the government can pay installers, there will be no issue. Otherwise, it remains unclear who will shoulder that responsibility,” another official added.

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the Presidential Committee on Fiscal Policy and Tax Reforms have aligned on Micro small and Medium (MSME) friendly tax reforms.

The Chairman of the Presidential Committee, Taiwo Oyedele, said this in a statement on Thursday in Abuja.

Oyedele, during a Town Hall meeting, said the reforms aimed to ease compliance, protect vulnerable businesses and support small business growth in the country.

“The philosophy of the reforms is to tax the fruit, not the seed. The nano businesses and low-income earners will be shielded from burdensome tax obligations.

“We are building a system where the vulnerable are protected and the small business owner is treated as a partner in progress, not a target.

“He said.

Oyedele said the reforms also sought to eliminate multiple and nuisance taxes, simplify tax codes and improve price stability by removing hidden taxes on essential goods and logistics.

He added that many MSMEs were unaware of existing tax incentives, holidays and rebates, noting that the committee was working to improve awareness and access.

The Director-General of SMEDAN, Dr. Charles Odii, said the town hall created a platform for direct engagement between policymakers and entrepreneurs.

“The presence of the Presidential Committee here ensures that our entrepreneurs are not just hearing about laws; they are participating in a movement that prioritises their survival and growth,” Odii said.

He reaffirmed SMEDAN’s role as the apex agency for MSME development, pledging continued advocacy and similar engagements across the country to support nano, micro and small enterprises.

According to Odii, plans are also underway to strengthen MSME Councils in all states to ensure small business owners are protected and supported.

The event featured an interactive question-and-answer session, during which business owners shared concerns and expectations on tax administration and the ease of doing business. It brought together policymakers, tax experts and micro, small and medium enterprise operators.

Meta Platforms Inc. has reported strong revenue growth for the fourth quarter and full year ended December 31, 2025, driven by higher advertising demand across its family of applications.

The company made this known in its 2025 fourth quarter report on Thursday.

Meta said its revenue rose by 24 per cent to 59.

89 billion dollars in the fourth quarter and 22 per cent to 200. 97 billion dollars for the full year.

Meta Founder and Chief Executive Officer, Mark Zuckerberg, attributed the performance to solid business execution and growing user engagement.

“We had strong business performance in 2025, and I am looking forward to advancing personal superintelligence for people around the world in 2026,” Zuckerberg said.

Meta said its Family Daily Active People (DAP) increased by seven per cent year-on-year to an average of 3.58 billion users in December 2025.

It said that advertising remained the company’s main revenue driver, with ad impressions rising by 18 per cent in the fourth quarter and 12 per cent for the full year.

Average price per ad increased by six per cent in the fourth quarter and nine per cent for the full year, it said.

The company noted that total costs and expenses increased to 35.15 billion dollars in the fourth quarter and 117.69 billion dollars for the year, reflecting higher infrastructure spending and employee-related costs.

Meta disclosed that capital expenditure rose sharply to 22.14 billion dollars in the fourth quarter and 72.22 billion dollars for the full year, largely due to investments in data centres and artificial intelligence infrastructure.

As of Dec. 31, 2025, Meta said that it held 81.59 billion dollars in cash and marketable securities, while long-term debt stood at 58.74 billion dollars.

The company reported operating cash flow of 36.21 billion dollars for the fourth quarter and 115.80 billion dollars for the year, with free cash flow of 14.08 billion dollars and 43.59 billion dollars, respectively.

Meta disclosed that its workforce grew by six per cent year-on-year to 78,865 employees.

Looking ahead, the company said it expected first-quarter 2026 revenue to range between 53.5 billion dollars and 56.5 billion dollars, supported by favourable foreign exchange movements.

Meta projected total expenses of 162 billion to 169 billion dollars in 2026, with most of the increase expected from infrastructure expansion and investments in technical talent, particularly in artificial intelligence.

The company said that capital expenditure in 2026 could rise to between 115 billion dollars and 135 billion dollars, reflecting increased investment in its Meta Superintelligence Labs and core businesses.

In spite of higher spending, Meta said it expected operating income in 2026 to exceed 2025 levels, while warning that regulatory and legal challenges in the United States and Europe could impact future financial results.