The Federal Government Thursday began opening bids from 47 companies for the supply of 1.25 million electricity smart meters funded by the World Bank’s $155 million loan.
The bid opening is part of the Federal Government’s National Mass Metering Programme started in 2021 with the supply of one million meters in “phase -0”. The phase-1 of the project however failed to kick-off as the N200 billion funds expected from the Central Bank of Nigeria, CBN, failed to materialise.
Speaking at the opening of the bids in Abuja, the Special Adviser to the President on Energy, Olu Veihejen expressed the commitment of the Federal Government to provide meters for all electricity customers and estimated billing in the Nigerian electricity market. “The phase involves procuring 1.2 million pre-paid meters, with the procurement process set to begin this month, ending estimated billing which Nigerians have complained about for decades and ensuring cost reflective tariff etc”, Veihejen stated.
Engr. Bamalli explained that “we are procuring 1.25 million meters funded by the World Bank to supply the smart meters to the eleven distribution companies in order to end estimated billing. The loans became effective in February 2023. The contracts will be signed very soon.
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