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World Bank, CBN fully funding six million meters – FG

Punch Newspapers Sections Published 26 June 2021 The World Bank and the Central Bank of Nigeria are fully providing funds for the estimated six million electricity meters required to close the metering gap in the Nigerian power sector, the Federal Government has said. It was gathered in Abuja on Friday that both institutions were currently deploying funds to close the gap in order to stabilise the sector and address its liquidity concerns. Latest document on the overview and progress of Nigeria’s power sector obtained from the Federal Ministry of Power showed that both partners were providing loans to operators in the sector for the procurement of the meters.

Three million meters obsolete, seven million customers unmetered — NERC

Punch Newspapers Sections Okechukwu Nnodim, Over seven million power users have not been metered while three million meters installed in the residents of power users are obsolete, the Nigerian Electricity Regulatory Commission has said. In its latest Order No. NERC/246/2021 on structured replacement of faulty and obsolete end-use customer meters, obtained in Abuja on Friday, the commission said the three million obsolete meters were due for replacement. It stated that the large number of unmetered customers in the Nigeria Electricity Supply Industry was contributory to the financial challenges bedeviling the sector. The NERC said, “The commission notes that over seven million customers are currently unmetered as indicated by customer enumeration data.

Press highlights position of President Buhari on granting of amnesty to bandits, others

Press highlights position of President Buhari on granting of amnesty to bandits, others
journalducameroun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from journalducameroun.com Daily Mail and Mail on Sunday newspapers.

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