Home Business NEWS IN BRIEF: FG to Spend N269.38bn on Six Million Free Meters

NEWS IN BRIEF: FG to Spend N269.38bn on Six Million Free Meters

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The Federal Government is to spend between N269.38billion and N497.13billion on the provision of six million free meters to various unmetered power users across the country.

Also, findings from separate quarterly reports of the Nigerian Electricity Regulatory Commission on the power sector showed that the number of unmetered customers in Nigeria has reduced by 210,359. It was also gathered that about 245,916 unmetered power consumers would not benefit from the six million free meters, as Nigeria currently has about 6,245,916.

On Thursday, a presidency source told reporters in Abuja that the government would commence its free meter distribution scheme the following day with Kano, Kaduna, Eko and Ikeja electricity distribution companies’ franchise areas.

The PUNCH reported on Friday that the presidency official, who pleaded not to be named as he was not authorised to speak on the matter, explained that the exercise would be carried out under the National Mass Metering Programme.

“The NMMP is to roll out six million meters for all connection points on grid without meters over the next 18 to 24 months, estimated to impact 30 million consumers nationwide,” the official stated.

 

Credit: PUNCH

 

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