By Seyi Babalola
The number of electricity customers in Nigeria without meters stood at 7,319,846 million.
According to the most recent industrial statistics from the Nigerian electrical Regulatory Commission, only 5,842,726 electrical users out of 13,162,572 registered consumers receive supplies from the national grid.
According to the statistics, Nigeria’s overall metering rate for electricity users is 44.39 percent, while 55.61 percent of others get their bills by estimate from the 11 power distribution firms nationwide.
As a solution to Nigeria’s metering gap, the Bureau of Public Enterprises announced on Thursday that the Federal Government had secured a $500 million World Bank loan to procure meters.
Similarly, Minister of Power, Adebayo Adelabu, recently disclosed that the presidential metering initiative had been scheduled to provide two million meters per annum for the next five years to improve the sector’s liquidity and limit estimated billing.
The development amid the April 3 245 percent electricity tariff and band classification of electricity customers.
