The eleven Electricity Distribution Companies (DisCos) in Nigeria obtained a combined N273.34 billion loan from the Central Bank of Nigeria to purchase 414,000 meters and enhance their distribution capacity nationwide.
This is contained in a recently released report from CBN covering a detailed assessment of the N10.3 trillion developmental finance between 2015 to 2022.
The meters purchased encompass a variety of types, including maximum demand meters, Smart meters, and Single-Phase meters, among other variants.
