- The Federal Government has allocated ₦21 billion to provide free prepaid meters to electricity consumers across Nigeria, aiming to end estimated billing.
- The initiative involves all eleven electricity Distribution Companies (DisCos) and aligns with the National Mass Metering Program to ensure accurate billing based on actual consumption.
- This funding enhances transparency, reduces billing disputes, and supports economic stability for households and businesses by making electricity metering more equitable and affordable.
The Federal Government has approved ₦21 billion for electricity Distribution Companies (DisCos) to supply free prepaid meters to customers at no cost to the customers. This initiative aims to end estimated billing and promote accurate electricity usage measurement nationwide.
This funding enables all eleven DisCos operating in Nigeria to provide free meters, ending billing discrepancies and ensuring charges reflect actual consumption.
The government enhances transparency and accountability in the power sector by offering free prepaid meters. Precise metering helps DisCos track electricity use and billing more accurately, reducing losses from energy theft and unpaid bills.
This funding is part of efforts to reform Nigeria’s electricity sector. The initiative aligns with the National Mass Metering Program (NMMP), which aims to address the lack of adequate metering. The NMMP ensures that electricity consumers get meters and billing based on actual usage, reducing complaints about estimated billing.
Electricity consumers have long complained about inflated charges from estimated billing. Prepaid meters allow consumers to manage their electricity usage better and pay only for what they consume, improving satisfaction and reducing billing disputes.
Free meters attract more investments into the power sector. Accurate billing and reduced commercial losses make the industry more appealing to investors, leading to better infrastructure and service delivery.
The government supports the economic stability of households and businesses by providing free meters. This move removes financial barriers that prevent consumers from accessing accurate metering, making electricity billing more equitable and affordable.
Overall, this ₦21 billion investment marks a crucial step toward a more reliable and transparent electricity billing system in Nigeria, reflecting a commitment to improving the power sector’s efficiency and the quality of service for electricity consumers nationwide.