Boost for Nigeria's power sector as FG, CBN fund manufacture of 4 million Nigerian-made metres

  • In continuance of its mass metering project, the FG and the CBN to finance 4 million metres
  • According to a NERC report, the metres to be funded will be manufactured locally
  • The FG says the move is aimed at closing up the huge metering gap in Nigeria

The Federal Government, in partnership with the Central Bank of Nigeria, has announced plans to support the domestic production of four million prepaid meters.

This is contained in the ‘2022 Market Competition Report’ published by the Nigerian Electricity Regulatory Commission.