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Adelabu, Power Minister, Says FG Increased Energy in One Year, Will Increase Meters Supplies for Better Billing - TELL Magazine

Adelabu, Power Minister, Says FG Increased Energy in One Year, Will Increase Meters Supplies for Better Billing

Adebayo Adelabu, Minister of Power
Adebayo Adelabu, Minister of Power

Adebayo Adelabu, Minister of Power has revealed that Federal Government will ensure an additional 2 million meters will be procured annually, stating that it will ensure accurate billing, reducing revenue loss and improving Cash flow for more liquid power sector.

Adelabu made this known at an energy conference in Lagos

He said in the last one-year, an additional 463MW transmission evacuation capacity has been added to the grid through Presidential Power initiative.

“This was made possible through the signing of an accelerated performance agreement in November 2023 supervised by President Bola Ahmed Tinubu and German Chancellor Olaf Scholz.”

He further said that the government has put in place the required framework to enable an injection of 1.5 million meters into the power sector through the World Bank Distribution Support Recovery Program. The Presidential Metering Initiative will ensure an additional 2 million meters will be procured annually for 5 years. This will ensure accurate billing, reducing revenue loss and improving cash flow for a more liquid power sector

“The government has commenced the development of a National Electricity Policy and Strategic Implementation Plan to provide a comprehensive framework for the nation’s electricity sector to support innovation, research, and development in the sector and chart a sustainable path forward in Nigeria’s electricity industry.”

“We are beginning to see some progress from the outcome of government’s initiative in the last one year. However, we will not relent until we have a resilient and efficient electricity sector that meets the needs of all Nigerians,” Adelabu stressed

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