Nigerian Govt releases N20bn to meter Band A electricity consumers – Adelabu

Nigerian Govt releases N20bn to meter Band A electricity consumers – Adelabu
 

“The Presidential Metering Initiative will ensure an
additional 2 million meters will be procured annually for 5 years. This will
ensure accurate billing, reducing revenue loss and improving cash flow for a
more liquid power sector.”

 

According to latest data from the Nigerian Electricity
Regulatory Commission, NERC, electricity customers in Nigeria without meters
stood at 7,319,846 million which is 55.61 per cent of a total of 13,162,572
power consumers.

 

Consequently, only 5,842,726 electricity customers are
metered of 13,162,572 registered consumers who get supply from the national
grid, according to NERC.

 

The development comes as NERC announced a 245 per cent
electricity tariff hike for Band A customers, getting 20-24 power supply in
April.

 

Meanwhile, the Nigeria Labour Congress and Trade Union
Congress embarked on strike on Monday, calling for the reversal of the
electricity tariff hike.