Nigeria targets closure of electricity metering gap in 3-years
20 June 2019 |
8:51 am
The Nigerian Electricity Regulatory Commission says it aims to close the existing five million metering gap, within the next three years. This comes as the regulator has already begun implementation of the meter roll-out plan by the distribution companies under the Meter Asset Provider scheme. Emmanuel Ndubuisi, CEO of Meron Nigeria joins CNBC Africa for more.
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In its first-quarter report, the Nigerian Electricity Regulatory Commission says only about 42 per cent of registered electricity customers have been metered, while financial illiquidity remains the most significant challenge affecting the industry's sustainability.
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