Would you like to receive notifications on latest updates of the following headlines?

609,585 Customers Get Meters As 7.3m Remain unmetered – FG

POSTED ON June 2, 2024 •   Business      BY Benedicta Bassey
A Prepaid meter/ Photo credit: Guardian

 Federal Government has shown that 609,585 electricity consumers were metered in 2023, while the number of unmetered registered power users nationwide stood at 7,319,846.

A data analysis obtained from the Nigerian Electricity Regulatory Commission indicated that out of the 13,162,572 registered consumers who get supply from the national grid, 5,842,726 have been metered.

This puts Nigeria’s overall metering rate of electricity customers at 44.39 per cent, while 55.61 per cent of others get their bills through estimation from the 11 power distribution companies nationwide.

An analysis of data from NERC showed that in the first quarter of 2023, 171,107 power users got meters, while 178,864, 148,389, and 111,225 electricity consumers were metered in the second, third, and fourth quarters.

Power users receiving estimated bills from Discos have repeatedly kicked against this, as many have demanded meters.

To address the gap in metering, the Bureau of Public Enterprises announced on Thursday that the Federal Government had secured a $500m World Bank loan to procure meters.

“In a strategic move to address the identified gaps in the electricity distribution companies, the Federal Government of Nigeria has secured a $500m loan from the World Bank,” BPE stated in a statement issued in Abuja by the Head of Public Communication, Amina Othman.

It added, “Approved on February 4, 2021, by the World Bank board of directors, this funding supports the Nigerian Distribution Sector Recovery Programme aimed at improving the financial and technical performance of the Discos.

“The DISREP is designed to enhance the financial and technical operations of the Discos through capital investment and the financing of key components of their Performance Improvement Plans, which have been approved by the Nigerian Electricity Regulatory Commission.”

The bureau stated that key areas of improvement included bulk procurement of customer/retail meters and meter data management systems, implementation of a Data Aggregation Platform, and strengthening governance and transparency within the Discos.

“46,089 meters have been procured and deployed to military formations nationwide to reduce MDA (Ministries, Departments, and Agencies) debts and improve sector liquidity,” the minister stated during a ministerial briefing in Abuja.

The commission said it expected Discos to utilise any of the five-meter financing frameworks provided in the 2021 Meter Asset Provider and National Mass Metering Regulations (NERC–R– 113–2021) to close their respective metering gaps.”

 

READ ALSO
IMF urges Nigeria to exercise fiscal caution amid economic reforms
BY Abiodun Saheed Omodara April 24, 2025 0

The International Monetary Fund (IMF) has called on Nigeria to exercise caution in its expenditures...

READ ALSO
FG urges IMF, World Bank to bolster economic reforms in sub-saharan Africa
BY Abiodun Saheed Omodara April 24, 2025 0

Finance Minister Wale Edun has emphasized the need for increased global assistance to reform economi...

READ ALSO
Nigeria's Economic Reforms Boost Sovereign Credit Profile - IMF
BY Abiodun Saheed Omodara April 23, 2025 0

The Assistant Director for Global Markets at the International Monetary Fund (IMF), Jason Wu,  ...

READ ALSO
Trade Wars Take Center Stage at IM ,World Bank Spring Meetings
BY Abiodun Saheed Omodara April 22, 2025 0

Global finance leaders are convening in Washington this week for the semi-annual meetings of the Int...

READ ALSO
Kano secures $10bn investment for renewable energy, minerals in partnership with Morocco
BY Abiodun Saheed Omodara April 21, 2025 0

KANO, Nigeria (NAN) - The government of Kano state has announced that it will secure more than $10 b...

READ ALSO
RMAFC, ALGON collaborate to strengthen LG financial autonomy
BY Abiodun Saheed Omodara April 18, 2025 0

The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr. Mohammed Bell...

READ ALSO
LCCI, NIXIN call for government support to revitalize Nigeria's paper manufacturing industry
BY Abiodun Saheed Omodara April 18, 2025 0

The Lagos Chamber of Commerce and Industry (LCCI), in collaboration with NIXIN Paper Mill Nigeria Li...

READ ALSO
Cross River to rejuvenate rubber estates after out-of-court settlement with Enghaut industries
BY Abiodun Saheed Omodara April 18, 2025 0

CROSS RIVERS, Nigeria - The Cross River State Government, along with Enghaut Industries, has reached...

OUR CHANNELS:

Father demands justice as Nigerian correctional service dismisses kidnapping allegations
BY Abiodun Saheed Omodara April 24, 2025 0

PORT HARCOURT, Nigeria - Ogunsinasi Oluwaseyi, the father of 12-year-old Oluwaseyi Favour, who was r...


Ogun shuts  four companies for environmental violations
BY Abiodun Saheed Omodara April 25, 2025 0

OGUN, Nigeria (NAN) - The Ogun state government, via its Environmental Protection Agency (OGEPA), ha...


IMF urges Nigeria to exercise fiscal caution amid economic reforms
BY Abiodun Saheed Omodara April 24, 2025 0

The International Monetary Fund (IMF) has called on Nigeria to exercise caution in its expenditures...


FG urges IMF, World Bank to bolster economic reforms in sub-saharan Africa
BY Abiodun Saheed Omodara April 24, 2025 0

Finance Minister Wale Edun has emphasized the need for increased global assistance to reform economi...


LASG short 66,000 healthcare practitioners, threat to quality services delivery
BY Abiodun Saheed Omodara April 24, 2025 0

LAGOS, Nigeria - The Lagos State Government is grappling with a significant shortage of medical prac...


Pope Francis to be buried April 26
BY Abiodun Saheed Omodara April 24, 2025 0

Pope Francis’s funeral will be held on Saturday, the Vatican announced Tuesday, as world leade...


2face get appointment as technical adviser to Benue Govt.
BY Abiodun Saheed Omodara April 25, 2025 0

The Governor of Benue State, Hyacinth Alia    has appointed music legend, Innocent Idibia...


Nigeria's Economic Reforms Boost Sovereign Credit Profile - IMF
BY Abiodun Saheed Omodara April 23, 2025 0

The Assistant Director for Global Markets at the International Monetary Fund (IMF), Jason Wu,  ...


Six dead in Okene Accident: Akpoti-Uduaghan Urges Immediate Road Safety Reforms
BY Abiodun Saheed Omodara April 23, 2025 0

KOGI, Nigeria - Following a tragic auto accident in Okene, Kogi State, which resulted in the loss of...


Plateau NBA expresses outrage over violence, urges FG to protect citizens
BY Abiodun Saheed Omodara April 23, 2025 0

PLATEAU, Nigeria - Due to the assaults and homicides occurring in Plateau State by alleged Fulani mi...


More Articles

Load more...

Menu