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NMMP performance stands at 13%
- ₦34 billion released so far by the CBN
- NERC and DisCos to appear before Senate end of April
The Senate has lampooned the Nigeria Electricity Regulatory Commission (NERC) on the poor metering performance in the sector. In a meeting with the Chairman NERC and representatives of the Distribution Companies (DisCos), the Chairman Senate Committee on Power, Senator Gabriel Suswam gave the verdict on the performance.
“Your performance report on the mass Metering project is not impressive and encouraging at all” Suswan said. “Nigerians are not happy that, with all efforts being made by the federal government to get electricity consumption metered, are being thwarted in one way or the other” he added.
In his response, the Chairman NERC, Sanusi Garba blamed the poor performance of the program on the late disbursement of funds. “₦33.4 billion has been released to the various DISCOs by the Central Bank of Nigeria but disbursement of the releases were very slow which resulted in many of them, accessing the fund in February” he said.
Suswam however, asked the NERC and DisCos to appear before the Committee by the end of April. “this Committee will want your Commission and the DISCOs to appear before it again by the end of next month, to see whether the assurance given on better performance will be done or not” he said.