The number of companies seeking to become meter asset providers in the Nigeria electricity supply industry has risen to 115, as over 4.7 million electricity customers remain unmetered.

The Nigerian Electricity Regulatory Commission said in a document that a total of 115 firms had been granted ‘No Objection’ as of November 22, 2018 from 101 on October 17. According to NERC, out of the 8,292,840 registered electricity customers, only 3,591,168(about 43 per cent) had been metered as of the end of August 2018.

Following the recent introduction of the Meter Asset Provider Regulations 2018, the regulator in April invited interested investors to apply for ‘No Objection’ to enable them to participate in the meter procurement process to be conducted by electricity distribution companies.

Source: The Punch