The federal government will support the take-off of an auxiliary meter supply industry in Nigeria’s electricity market with a loan of N39 billion.
The Minister of Power, Works, and Housing, Babatunde Fashola says government and Nigerian Electricity Regulatory Commission are in talks with investors in the 11 electricity distribution companies on a plan to have a separate meter supply industry that could bridge the metering deficits in the electricity market.
He said since the Electric Power Sector Reform Act 2005 did not give Discos the monopoly to supply meters to their customers, the government has considered the need to license meter providers to supply meters to customers on conditions approved by the NERC.
