FG Earmarks N33bn Soft Credit Line for Discos to Close-up Metering Gap
The federal government Thursday announced its commitment of an initial N33 billion soft term credit line to support the metering plans of the distribution companies in Nigeria’s electricity supply industry.
The government stated that its decision was informed by the huge gap in metering facilities available to consumers in the country’s electricity sector.
The metering gap in Nigeria’s electricity sector is put at about 2.8 million by the Nigerian Electricity Regulatory Commission (NERC). NERC also said that the gap requires urgent attention to close-up and improve monthly revenue accrual to the industry.