The Federal Government and the states have raised N100bn for the procurement of prepaid electricity meters. Minister of Power Adebayo Adelabu said this was under the Presidential Meter Initiative programme.
Adelabu disclosed this while addressing broadcasters in Ibadan, the Oyo State capital, which was monitored by our correspondent.
According to him, President Bola Tinubu’s administration has been making efforts to close the meter gap in Nigeria by adopting various initiatives.
He mentioned that many customers are not paying their bills because they believe they are being cheated by the power distribution companies through estimated billing, stressing that metering would ensure transparency.
“Out of over the 12 million electricity customers we have in Nigeria, only a little over five million is metered. We have over seven million meter gap today, and these are self-inflicted problems,” Adelabu explained.
Speaking about the efforts of the government to close the meter gap, he explained, “Mr President has set up what we call the Presidential Meter Initiative and set up a Presidential Meeting Council to address this issue. He made me the chairman of this council.”
