The Minister of Power, Adebayo Adelabu, says the Federal Government is ready to support local industries to find a sustainable solution to the metering gap among electricity consumers.
Adelabu disclosed this during a recent visit to the Lagos office of CWG Plc, a company pioneering smart metering technology in Nigeria.
The Minister said his visit was evidence that the government is ready to support local industries. “We all know that we have a huge metering gap, and the government is determined to reduce this over time. I mentioned a couple of metering initiatives that we have all witnessed – the Meter Acquisition Fund, the Meter Acquisition Programme, the Mass Acquisition Programme, and, lately, the Presidential Metering Initiative.
“So, we have a huge metering gap to fill. And the mandate of the PMI is to ensure that in the next five years, an annual acquisition of 2 million meters minimum must be carried out,” Adelabu said.
According to him, local meter manufacturing companies must play a major role in reducing the importation of everything needed to close the metering gap. He hinted that local industries are germane to the sustainability of the industry.
