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Market Digest Nigeria

Economy

We will End Estimated Electricity Billing – Buhari

President Muhmmadu Buhari yesterday expressed the commitment of his administration administration to end estimated billing in electricity supply in the country and ensure that Nigerians pay for what they consume.

Buhari, via twitter, said the Federal Government was funding the ongoing first phase of one million free meters distribution in some parts of the country.

He expressed optimism that the government would meet 6.5 million meters deficit, thereby impacting an estimated 30 million homes across the country.

He said the administration decided to source the meters locally to create jobs.

“Under the first phase of the Presidential Mass Metering Initiative, we are making funding immediately available for DisCos to roll out 1,000,000 meters in the first phase, at no cost to consumers. Deployment has already started in parts of Kano, Kaduna, Lagos and Abuja.

“Future phases of this metering initiative will help us fully meet the 6.5 million deficit of meters nationwide, and will impact an estimated 30 million consumers.

“All meters under this program will be sourced from local manufacturers and in-country stock, to create jobs,” he said.

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