NERC moves to tackle load rejection issues between TCN, DisCos today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.
Ethiopia: Abiy Ahmed inaugurates Bure Integrated Agro-Industrial Park in Amhara State
Published 2 months ago Prime Minister of Ethiopia, Abiy Ahmed, has inaugurated the Bure Integrated Agro-Industrial Park (IAIP) in Amhara State. Photo: UNIDO
In his remarks, Abiy stated that his government regards the integrated agro-industrial parks as a priority. Referring to the Christian Bible and the first public miracle of Jesus when he turned water into wine at a wedding feast in Cana, the Prime Minister called the Bure IAIP the “Cana of Ethiopia”, which, he said, is expected to lead the country to prosperity by exporting agricultural products to the global market.
National Mass Metering: IBEDC commences distribution of smart meters in Ogun
On
Kindly Share This Story:
The Ibadan Electricity Distribution Company (IBEDC), on Thursday, commenced distribution of smart prepaid meters to customers under its franchise in Ogun.
The Head, Metering, IBEDC, Mr Adewale Obajemu, who launched the programme at Ota, said that the Federal Government planned to distribute one million meters to unmetered electricity customers across the country in the phase zero of the scheme.
Obajemu added that the distribution would be made by the Electricity Distribution Companies (DisCos), adding that IBEDC would distribute 104,000 of the meters to customers in its franchise.
The number of unmetered Nigerians has increased to 7.42 million as of September 2020, latest data from the Nigerian Electricity Commission has shown.
The official data obtained by BizWatch Nigeria on Tuesday indicated that out of 11,841,819 registered electricity customers, only 4,425,628(about 37.37 per cent) had been metered as of the end of September 2020.
The regulatory framework on Meter Asset Provider (Regulation) issued by the Nigerian Electricity Commission (NERC) came into effect on 8 March 2018 and became enforceable on 3 April 2018.
The Regulation seeks to encourage the development of independent and competitive meter services, eliminate estimated billing practices and close the metering gap through accelerated meter roll out.
The World Bank approved $500 million to support the government of Nigeria in improving its electricity distribution sector. The project will help boost electricity access by improving the performance of the Electricity Distribution Companies (DISCOs) through a large-scale metering program desired by Nigerians for a long time.
In addition, financial support would be provided to private distribution companies only on achievement of results in terms of access connections, improved financial management and network expansion.
85 million Nigerians don’t have access to grid electricity. This represents 43% percent of the country’s population and makes Nigeria the country with the largest energy access deficit in the world. The lack of reliable power is a significant constraint for citizens and businesses, resulting on annual economic losses estimated at $26.2 billion (₦10.1 trillion) which is equivalent to about 2 percent of GDP. According to the 2020 World Bank Doing Business r