The Nigerian government, including the federal and state governments, plans to spend N100 billion in finance to import electricity meters into the country amid metering gap challenges.
Minister of Power, Adebayo Adelabu, disclosed this while addressing broadcasters in Ibadan, Oyo State recently, noting that this was under the Presidential Meter Initiative program. According to him, President Bola Tinubu’s administration has been making efforts to close the meter gap in Nigeria, adopting various initiatives. 'In the PMI, we have made good progress in sourcing the fund for this, and it is going to be by a combination of the federal and state governments.
recalls that last year, the Association of Meter Manufacturers and Assemblers Nigeria, AMMON, kicked against the Nigerian government's World Bank loan of $155 million for the importation of electricity meters into the country. In April, Adelabu came under fire for awarding a N40 billion electricity meters import contract to a foreign firm, De Haryor Global.
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