𝐍𝐢𝐠𝐞𝐫𝐢𝐚 𝐬𝐞𝐜𝐮𝐫𝐞𝐬 𝐍𝟕𝟎𝟎𝐛𝐧 𝐭𝐨 𝐫𝐨𝐥𝐥 𝐨𝐮𝐭 𝐭𝐰𝐨 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐞𝐥𝐞𝐜𝐭𝐫𝐢𝐜𝐢𝐭𝐲 𝐦𝐞𝐭𝐞𝐫𝐬 𝐚𝐧𝐧𝐮𝐚𝐥𝐥𝐲

The Federal Government has secured about ₦700 billion to fund the rollout of two million electricity meters every year for the next five years under the Presidential Metering Initiative (PMI).

Minister of Power, Adebayo Adelabu, disclosed this during a stakeholders’ meeting in Abuja, noting that the initiative is aimed at ending the estimated billing system and ensuring transparency in power consumption.

According to Adelabu, the plan will bridge Nigeria’s metering gap and improve revenue collection efficiency in the power sector. He emphasized that the government is partnering with local meter manufacturers to ensure sustainability and job creation.

The Presidential Metering Initiative forms part of broader reforms to stabilize the power sector and enhance service delivery to consumers nationwide.