- NERC reports that FGN made N4.4bn from electricity exports in three months.
- The plan to reduce the number of unmetered electricity consumers in the country was made known in December 2022.
The Nigerian Electricity Regulatory Commission (NERC) reported that the Federal Government (FG) earned N4.4 billion from electricity exports in three months. NERC made this disclosure in its recently released first quarter 2022 report, which also revealed that the number of power consumers on estimated billing who do not have meters has increased to over 7.8 million, up from around 6 million in 2021.
“The huge metering gap for end-use customers is still a key challenge in the industry. It is estimated that of the 12,542,581 registered energy customers as of March 2022, only 4,740,114 (37.79%) have been metered,” the commission stated.
This implies that a total of 7,802,467 power users are without meters and receive estimated electricity bills.
“A total of 85,510 meters were installed in 2022/Q1 as compared to the 79,978 meters installed in 2021/Q4. At a macro level, quarterly meter installations have been reduced as a result of the winding down of the National Mass Metering Programme phase 0.
Meanwhile, six million meters will be installed across Nigeria in the first and second quarters of this year in order to reduce the number of unmetered electricity consumers.
The plan to reduce the number of unmetered electricity consumers in the country was revealed in a December 2022 document on the review of the power sector’s/Nigerian Electricity Supply Industry’s performance under the current administration.
“We are perfecting plans for an additional six million meters under the second and third phases of the (NMMP) programme that will commence in the first and second quarters of 2023 respectively,” the Minister of Power, Abubakar Aliyu, stated in the document.