• Latest
  • Trending
CBN Asks Court To Freeze Accounts Of Electricity Meter Providers

FG to receive 3.2m electricity meters to address shortfall

April 7, 2025
Police Rescue 10 Abducted NYSC Members As Search Continues

Police Rescue 10 Abducted NYSC Members As Search Continues

October 2, 2026
Nigeria’s Amos Dangut Assumes Office As WAEC Registrar/CEO

Nigeria’s Amos Dangut Assumes Office As WAEC Registrar/CEO

October 2, 2026
Obi Questions Tinubu’s Move To Block Records In Foreign Court

Obi Pledges To Spend Holidays In Nigeria If Elected In 2027

October 2, 2026
Family, friends gather for Olu Jacobs funeral in Lagos

Family, friends gather for Olu Jacobs funeral in Lagos

October 2, 2026
Navy Rescues 2 Kidnap Victims, Recovers Engines In Akwa Ibom

Navy Rescues 2 Kidnap Victims, Recovers Engines In Akwa Ibom

October 2, 2026
https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/
ADVERTISEMENT
UK Swears In New Attorney, Solicitor General

UK Swears In New Attorney, Solicitor General

October 2, 2026
FG Warns Nigerians Over Fake Passport Websites

UK Passport Intervention: 8,956 Nigerians Enrolled In 21 Days

October 2, 2026
Nigerian Pilgrim Dies In Makkah

2027 Hajj: Nigeria Gets Additional 10,000 Slots From Saudi Arabia

October 2, 2026
Carter Efe Beats Speed Darlington To Retain Celebrity Boxing Title

Carter Efe Beats Speed Darlington To Retain Celebrity Boxing Title

October 2, 2026
ADVERTISEMENT
  • Privacy Policy
    • Home
      • Contact Us
  • Advert Rates
Saturday, October 3, 2026
  • Login
No Result
View All Result
Present Nigeria
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
No Result
View All Result
Present Nigeria
No Result
View All Result
Home Business

FG to receive 3.2m electricity meters to address shortfall

by Present Nigeria
April 7, 2025
in Business
0
CBN Asks Court To Freeze Accounts Of Electricity Meter Providers
37
SHARES
73
VIEWS
FacebookTwitterWhatsappTelegram

The federal government is set to receive the first batch of 3,205,101 electricity meters as part of a renewed effort to address Nigeria’s metering shortfall and enhance transparency in electricity billing.

In a statement on Sunday, April 6, Bolaji Tunji, Special Adviser on Strategic Communications and Media Relations to the Minister of Power, Chief Adebayo Adelabu, disclosed that the first delivery of 75,000 meters under the International Competitive Bid 1 (ICB1) is expected in April 2025, with an additional 200,000 meters scheduled to arrive in May 2025.

RelatedPosts

Police Rescue 10 Abducted NYSC Members As Search Continues

Nigeria’s Amos Dangut Assumes Office As WAEC Registrar/CEO

Obi Pledges To Spend Holidays In Nigeria If Elected In 2027

Tunji criticised a recent media report that portrayed the electricity metering sector as being in crisis, stating that it failed to reflect the substantial progress being made by the government to close the metering gap.

“While challenges persist, the facts tell a more balanced story – one of sustained effort, financial commitment, and structured implementation plans by the Federal Government of Nigeria to close the metering gap,” he said.

“Despite claims of stagnation, metering installations have been progressing steadily. As of December 2024, a total of 5,502,460 customers had been metered, representing about 55 percent of the 10,114,060 active electricity customers in Nigeria. In 2024 alone, 572,050 meters were installed.

“While the government acknowledges the existing metering gap, it is actively working to close it as quickly as possible. However, the fact remains that a sizeable portion of active electricity users already have meters, countering the exaggerated portrayal of an industry in crisis,” he added.

 The statement further noted that, although installation rates have varied over the years, the sector maintains a yearly average of approximately 668,000 meters. It emphasized that structured financing and government-backed initiatives are expected to increase the deployment rate, ensuring the metering gap is addressed more efficiently.

 “To bridge this gap, the government has put in place key initiatives aimed at significantly improving metering across the country. The Distribution Sector Recovery Program (DISREP) is set to deliver 3,205,101 meters by 2026.

“This will be achieved through different procurement models, including 1,437,501 meters through International Competitive Bid 1 (ICB1), 217,600 meters through National Competitive Bid (NCB), and 1,550,000 meters through International Competitive Bid 2 (ICB2). As part of this plan, the first batch of 75,000 meters under ICB1 is expected by April 2025, followed by the second batch of 200,000 meters in May 2025,” the statement said.

“In addition to the DISREP, the ₦700 billion Presidential Metering Initiative (PMI) is another key intervention designed to accelerate metering.

“The initiative, which has already secured ₦700 billion from the Federation Account Allocation Committee (FAAC), is structured to ensure large-scale meter procurement and deployment. A Special Purpose Vehicle (SPV) has been established to oversee the implementation of the initiative.

“The government has set a target of deploying two million meters annually for five years, with the tender for the first batch of two million meters expected to be released by the third quarter of 2025.

“These structured interventions provide a clear roadmap for addressing the metering gap in an effective and sustainable manner,” it added.

Tunji concluded by stating that, “while the metering gap remains a concern, the notion that it will take over a decade to resolve is misleading. With the ongoing DISREP and PMI initiatives, Nigeria’s metering landscape is set to experience significant improvement before the end of the year.

“The focus should be on the execution of these well-structured plans rather than a blanket critique that overlooks the real progress being made.”

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

Like this:

Like Loading...

Related

Share15Tweet9SendShareShare3
Previous Post

Kano censorship board shuts zoo playground over alleged indecent dance during Sallah

Next Post

Woman drowns in canoe mishap on Erekiti River

Related Posts

AON Condemns Attack On Airline Staffs, Calls For More Security At Airports

AON Threatens To Ground Flights Over Aviation Union Protests

September 29, 2026
NMDPRA warns independent marketers against infractions

Import Licence: Court Rules Against NMDPRA, Favours Marketers

September 29, 2026
Lekki Port Receives 1st LNG-powered Vessel

FG To Upgrade 4 Eastern Ports, Okays 6 New Deep Seaports

September 28, 2026
NETCO targets 5% increase in market shares, posts 137% increase in operating profit for 2023

NNPC Welcomes $800m FID On Ima Gas Project

September 26, 2026
Next Post
Ondo 2020: Boat Conveying INEC Officials Capasize

Woman drowns in canoe mishap on Erekiti River

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
It leads in lucid presentation of trending stories and breaking news in Politics, Business, Economy, Entertainment, Sports, Lifestyles and Other Features.
With a heritage of in-depth coverage and adept leverage of core professionals, PRESENT is the trusted witness of the news.

Police Rescue 10 Abducted NYSC Members As Search Continues

Police Rescue 10 Abducted NYSC Members As Search Continues

October 2, 2026
Nigeria’s Amos Dangut Assumes Office As WAEC Registrar/CEO

Nigeria’s Amos Dangut Assumes Office As WAEC Registrar/CEO

October 2, 2026
Obi Questions Tinubu’s Move To Block Records In Foreign Court

Obi Pledges To Spend Holidays In Nigeria If Elected In 2027

October 2, 2026

© 2025 Present Nigeria. All Rights Reserved.

  • Privacy Policy
  • Advert Rates

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News

© 2025 Present Nigeria. All Rights Reserved.

%d