DAILY POST
The Nigerian government, including the federal and state governments, plans to spend N100 billion in finance to import electricity meters into the country amid metering gap challenges.
Minister of Power, Adebayo Adelabu, disclosed this while addressing broadcasters in Ibadan, Oyo State recently, noting that this was under the Presidential Meter Initiative program.
According to him, President Bola Tinubu’s administration has been making efforts to close the meter gap in Nigeria, adopting various initiatives.
“In the PMI, we have made good progress in sourcing the fund for this, and it is going to be by a combination of the federal and state governments.
“Today, we have received, and we have seen about N100bn that will go into the procurement of meters,” he said.
He added that the World Bank decided to support Nigeria with the procurement of almost two million meters in the next two years through the distribution sector recovery program.
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