THE Minister of Power, Adebayo Adelabu has said that the Federal Government has allocated N20 billion to power electricity distribution companies to purchase meters for unmetered Band A customers over the next three months.
Adelabu announced this funding initiative during an Energy Conference held in Lagos yesterday. He highlighted that this move aims to address the metering shortfall for Band A customers.
Band A customers, as classified by the Nigerian Electricity Regulatory Commission, (NERC), are consumers who enjoy a minimum of 20 hours of electricity daily and pay a premium rate of N208 per kilowatt-hour (kWh).
Adelabu said these customers would be able to get the meter in the next three months. “Before I left the office yesterday, I met with the chairman of NERC, Alhaji Garba Sanusi, and we’ve agreed that we have an accrued N20 billion for metering.
“I said to him, let us release this N20 billion for the DisCos to procure meters for the unmetered Band A customers before the end of September. That is going to happen. I can assure you that,” Adelabu said.
