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FG approves N37b grant for meter providers

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The Federal Government has taken advantage of the new Meter Asset Provider regulations to give a grant of N37 billion to private sector operators willing to supply meters to interested Distribution Companies.

Power, Works and Housing Minister Babatunde Fashola, who spoke at the 28th monthly meeting of power stakeholders in Kaduna, said the Federal Government provided the fund based on the demand for meters, given the increasing power generation, transmission and distribution in the country.

He noted that estimated billings fuelled conflicts among electricity consumers and the DisCos, adding that the easiest way to restore confidence in the sector is meters provision for customers.

Fashola said as power continued to increase in generation, transmission and distribution, the demand for meters will increase because more power supply and consumption will likely result in increased bills.

Source: The Nation

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