The Federal Government has set aside N120 billion as the first tranche of the Presidential Metering Initiative (PMI). According to the Federal Account Allocation Committee (FAAC) disbursement report for May 2024 by the National Bureau of Statistics (NBS), the amount…
The country’s ailing power infrastructure and ecosystem are on the brink of collapse, threatening viable industrialisation and sustainable economic growth. The electricity generation companies are drowning in a sea of debt, owed a staggering N3.17 trillion, with a funding gap…
The Federal Government has pledged its commitment to patronising local meter manufacturers in boosting local content development and fostering growth in the industrial sector. The Minister of Power, Mr Adebayo Adelabu during a working visit to Momas Electricity Meters Manufacturing…
The eleven Electricity Distribution Companies (DisCos) in Nigeria obtained a combined N273.34 billion loan from the Central Bank of Nigeria to purchase 414,000 meters and enhance their distribution capacity nationwide. This is contained in a recently released report from CBN…
The Federal Government has charged power distribution companies to address metering gaps in the country in order to tackle the estimated billing system where customers pay more and receive less service. It disclosed this during the week through the Nigerian…
Eko Electricity Distribution Company (EKEDC) has reassured its customers of its readiness to begin a large-scale metering initiative for prepaid meters within the company’s network areas. The Chief Executive Officer, EKEDC, Dr Tinuade Sanda gave the assurance during a customer engagement…
Electricity distribution companies (DisCos) in Lagos say the proposed Standard Transfer Specification (STS), a metering code, to be introduced soon, is not targeted toward increasing electricity tarrif. A top official in one of the DisCos in Lagos, who preferred anonymity,…
Controversies over electricity tariff have been a bane in the power sector since the privatisation of the distribution companies DisCos took effect in 2013. Issues revolving around arguments of the determination of billings, as charges for electricity consumed, have been…
The Nigerian power sector, like other sectors in the Country, has its sphere marred with defecting characters. The concern over the wobbling state of the power sector in the Country has continued to draw resonance over the years. Unsurprising, of…
