Business Headline News Nigeria

About 1 million got electricity metres in 2021 – NERC

958,533 electricity customers in the nation were metred by the 11 Distribution Companies of Nigeria (DISCOs) within their business districts in  2021.

Data by the Nigerian Electricity Regulatory Commission (NERC) shows that 273,578 customers were metered in the first quarter (Q1’21),  315,717 in Q2’21, 288,154 in Q3’21 and 81,084 in Q4’21.

Despite the N60 billion support funding from the Central Bank of Nigeria (CBN) and other interventions, the metering gap remains high at about 55%.

Executive Director, Research and Advocacy, Association of Nigerian Electricity Distributors, Sunny Oduntan who disclosed that it would take between one or two years to close the metering gap, advised customers to be aware of channels through which they could obtain meters.

He added that while the National Mass Metering Programme of the Federal Government was initiated to offer free meters, the Meter Asset Provider scheme was not created for immediate free meter provision.

Writing by Muzha Kucha; Editing by Tina Oyinsan