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Home » FG Distribute 75,000 Electricity Meters in April

FG Distribute 75,000 Electricity Meters in April

… 200,000 Units In May, Says Adelabu

Destiny Eseaga by Destiny Eseaga
April 7, 2025
in News
0
Band A, Electricity Consumers, FCCPC, IE | electricity meters and pricing in Nigeria
Ikeja Electric meter

Ikeja Electric meter

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The Federal Government has announced that it will deliver the first batch of over 3.2 million electricity meters, procured to bridge the metering gap of over 7 million units in the country.

Adebayo Adelabu, the minister of Power, over the weekend, in a statement signed by Bolaji Tunji, his special adviser on Strategic Communications and Media Relations, said 75,000 meters under the International Competitive Bid 1 are expected by April 2025.

The second batch of 200,000 meters will follow in May 2025.

“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”, according to Tunji.

“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 approximately 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 sizable portion of active electricity users already have meters, countering the exaggerated portrayal of an industry in crisis,” Adelabu stated.

According to the statement, though installation rates have varied over the years, the sector has maintained a yearly average of about 668,000 meters of installation annually.

Structured financing and government-backed initiatives are expected to accelerate deployment beyond the current pace, ensuring that the metering gap is addressed efficiently, the minister added.

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

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“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.

“In addition to the DISREP, the N700 billion Presidential Metering Initiative (PMI) is another key intervention designed to accelerate metering. The initiative, which has already secured N700 billion from the Federation Account Allocation Committee (FAAC), is structured to ensure large-scale meter procurement and deployment,” the minister added.

According to him, a Special Purpose Vehicle (SPV) has been established to oversee the implementation of the initiative, with the government setting 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, the minister explained, provide a clear roadmap for addressing the metering gap effectively and sustainably.

According to the statement, further, 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,” the minister added.

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Destiny Eseaga

Destiny Eseaga

My name is Destiny Eseaga, a communication strategist, journalist, and researcher, deeply intrigued by the political economy of Nigeria and the broader world context. My passion lies in the world of finance, particularly, capital markets, investment banking, market intelligence, etc

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