Nigeria’s installed prepaid meters rate climbs to 44.39%

The total number of installed prepaid meters in the country currently reaches 5,842,726 out of 13,162,572 registered electricity customers, amounting to a paltry 44.39 percent.

According to data made available by Nigerian Electricity Regulatory Commission, NERC, revealed that in the fourth quarter of 2023, eleven Distribution Companies, DisCos, installed only 111,225 meters to customers across the country.

While Ikeja Disco has the highest percentage of installed prepaid meters which stands at 73 percent from its 898,000 customers; followed by Abuja Disco which has metered 61percent of its 856,000 registered customers.

Yola Disco has metered only 15 percent of its 124,000 customers, while Kaduna and Kano Discos have metered only 24 percent each from its 206,000 and 210,000 registered customers.

Meanwhile IBEDC, AEDC and EEDC installed the highest number of prepaid electricity meters in Q4 2023, while KEDC, YEDC and EEDC installed the least number of meters in the period under review.