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Breaking News | How CBN s 120bn Intervention Is Pushing Power Sector Growth – Stakeholders

Views: Visits 13 By Obas Esiedesa Stakeholders in the power sector have noted that the N120 billion investments by the Central Bank of Nigeria, CBN, would improve power supply across the country especially in distribution infrastructure. The apex bank had last week disclosed that it has disbursed about N3.6 billion for procurement of pre-pay meters to stabilise the billing system in electricity consumption in Nigeria as part of its N120.2 billion investments in distribution companies, DisCos, for infrastructure capital expenditure. With about 55.5 percent of Nigeria’s 8.3 million electricity customers still without meters, the CBN intervention was described by consumer group, Electricity Consumers Association, as a game changer.

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