Bolaji Tunji, Special Adviser to the Minister of Power on Strategic Communications and Media has said the Federal Government has allocated N700 billion from the federation account to carry out the presidential metering initiative’s distribution of free power meters......Read The Full Article>>.....Read The Full Article>>
He stated that the PMI was on track to meet its goal of delivering two million meters annually in an interview with The PUNCH.
He disclosed that procurement had begun and that N700 billion had been set aside for the project.
He said,
“The Presidential Metering Initiative is still on course. Two million meters every year, delivery of the first batch will start by the first quarter of next year. About N700bn provision has been made, and the money is ready.”
The government will deliver 1.3 million of the 3.2 million electrical meters promised under the World Bank Distribution Sector Reform Programme initiative this month, the special adviser added.
“The DISREP programme will commence this month,” he noted.
According to an examination of the Federal Account Allocation Committee meeting minutes that our correspondent was able to get between April and August, the government had, however, saved N420 billion from a monthly withdrawal of N100 billion.
The goal of the amount deducted from the monthly federation revenue prior to its distribution to the three tiers of government was to close the country’s fifty percent metering gap.
The NERC has admitted that even with the installation of 3.03 million meters since the power sector was privatized in 2013, the nation’s metering gap is still significant.
In 2024, the metering rate was 46.14 percent, with 6.15 million of the 13.33 million registered consumers having been metered.
FG partners with companies to install metres
Legit reported that through energy distribution firms (DisCos) and the Bureau of Public Enterprises (BPE), the federal government has contracts with businesses to supply and install 1,437,500 smart meters across Nigeria.
According to The Punch, these businesses include Ningbo Sanxing Smart Electric Company Limited, Ningbo Sanxing Medical and Electric Company Limited, and Messrs. XJ Group Corporation.
The Transmission Company of Nigeria (TCN) said in a statement on Friday that the signing ceremony was held at the BPE headquarters in Abuja.
