The Chairman of the Nigerian Electricity Regulatory Commission (NERC), Professor James Momoh, has projected that about N200 billion would be required to close the huge metering gap in the electricity industry.
He however, said the amount is likely going to rise as new consumers are being captured in the system. Momoh said that the latest information submitted by all the Distribution Companies (DisCos), indicated a metering gap of about 55 per cent adding that about 4,950,000 customers are not yet metered. He however said that the statistic is changing as more consumers are enumerated and brought on to the billing platform.
Momoh said however that steps are being taken to ensure the lingering meter issues are resolved as soon as possible. One of the ways he disclosed is through the implementation of the Meter Asset Provider Regulations which became effective on April 3, 2018 with a 120 day window for DisCos to complete the procurement process of Meter Asset Providers.