* Ikeja, Abuja Discos get lion’s share of funds

The Nigerian Electricity Regulatory Commission (NERC) Friday announced the approval of N21 billion for the procurement of electricity meters for Band ‘A’ customers, explaining that the purchase and installation will come to end-users at no cost.

In an order signed by the commission’s Chairman, Sanusi Garba, and the Commissioner in charge of Legal, Licensing and Compliance, Dafe Akpeneye, NERC stated that the fund was the first tranche of the Presidential Metering Initiative (PMI) under the Meter Acquisition Fund (MAP).

NERC stated that although other regulations provided several options for metering of customers, but the interventions had not resulted in the closure of the national metering gap which currently stands in excess of 7 million customers.

It identified the inability of distribution companies (Discos) to raise financing in the form of debt or additional equity as the major constraint in the acquisition and deployment of end-use meters and other capital investments.

The MAF scheme, it said, was therefore developed and approved by the commission, primarily to address the challenge of Disco creditworthiness inhibiting the deployment of meters by creating a credible revenue stream from the market funds.

In addition, NERC stated that the presidential metering initiative has the overarching objective of closing the metering gap in the country within three years, leveraging on smart metering technologies for data analytics.

The deployment of funds under the MAF scheme, NERC explained, shall accelerate the deployment of meters and a closure of the current metering gap, thereby reducing commercial & collection losses to Discos, enhancing quality of service and improvement of customer satisfaction.

NERC pointed out that there was an imperative to accelerate a closure of the metering gap for all customers currently classified under tariff Band ‘A’ for the purpose of revenue protection and facilitating demand side management for the affected customers.

Out of the accrued available N21.86 billion under the MAF scheme as at the April 2024 market settlement cycle, NERC noted that it had made available the sum of N21 billion to be spent on the purchase of the metering devices.

The amount to be apportioned pro rata to contribution by the Discos as tranche ‘A’ of the MAF scheme, showed that Ikeja Disco will get the lion’s share of N4.35 billion, followed by Abuja Disco with N2.99 billion.

“All the meters to be procured and installed under the MAF framework shall be at no cost to the customers of the Discos,” the power sector regulatory agency stated.

Also, Eko Disco will get N2.92 billion, Ibadan Disco will have N2.51 billion of the first tranche, N1.72 billion will accrue to Enugu distribution company, Kano will get N1.58 billion, while Benin Disco will get N1.57 billion.

Besides, Port Harcourt Disco will get N1.36 billion, Kaduna gets N1.22 billion, while Jos Disco and Yola Electricity will get the least sum of N521 million and N243.3 million respectively.

The commission ordered that Discos shall utilise the first tranche of disbursement from the MAF scheme to procure and install meters for unmetered Band ‘A’ customers within their franchise areas.

“Discos shall, within 14 days from the effective date of this order, conduct a transparent and competitive procurement process, for meter price determination, selection and engagement…for the metering of end-use customer meters under the MAF scheme,” it added.

According to NERC, a report containing details of the process undertaken for the selection meter providers, including meter price, meter specifications, and the list of customers to be metered shall be sent to the commission for approval, within 20 days from the effective date of the order.

“The installation of contracted volume meters shall be completed within 60 days from the date of approval of the process by the commission, and all contracts for the supply and installation of meters shall be filed with the commission,” NERC stated.

https://www.thisdaylive.com/index.php/2024/06/21/nerc-approves-n21bn-for-procurement-of-electricity-meters-at-zero-cost-to-nigerians/

They invested...

NEPA go still charge for the meter.

All these are still nonesense. We don't need all these. Let the government do true privatizion of the sector and not all these nonesense

I can't imagine government buying phones for us because we want to talk. No

As long as government doesn't buy phone for anybody,let everyone buy their metres themselves. Buying prepaid metres for customers is another avenue for stealing and nothing else.

Remove all government burecreacy and let true private individuals invest in the sector and fix prices themselves and see how the sector will grow not these nonesense we are doing and deceiving ourselves

I hope we get our own prepaid meter this time free of charge

So 21 billion could solve prepaid meter issues nationwide and yet they used 21 billion to renovate Shettima's house

N21bn naira meters for free??
Nah...... you would have to pay it stylishly each time you recharge

It gonna be a programmed meter that will be consuming people units

NEPA go still collect money

Hezzyluv:
N21bn naira meters for free??
Nah...... you would have to pay it stylishly each time you recharge

Meter is the property of DISCOs.

Here in Aba, if you use your own money to get the prepaid meter, you get a refund which comes in installments via energy token.

Thieves! Just imagine the billion they want to spend. THIEVES!

Story

Will the power of estimated billing allow it to work?

At no cost for now, but you know how you will rake in your money from us.
Nothing has ever come free to us from the government

That's a good stuff but we're in Nigeria where corruption rules.

Money will exchange hands and citizens will still buy prepaid meters

We've not forgotten how subsidy was removed yet big sum of funds go to subsidy. Corruption everywhere

Another pack of lies

Ok

Long Overdue...


Ciao.

dre11:
* Ikeja, Abuja Discos get lion’s share of funds



https://www.thisdaylive.com/index.php/2024/06/21/nerc-approves-n21bn-for-procurement-of-electricity-meters-at-zero-cost-to-nigerians/

They'd still charge 125k for a meter. The power mafia won't allow energy proficiency in Nigeria.

Otilor

THE Benin Zone of the Academic Staff Union of Universities (ASUU), has said that salaries of university lecturers have not been reviewed by their employers for the past 15 years when it was last reviewed and the last agreement was signed.

Prof. Monday Igbafen said government at all levels are busy reviewing other workers salary while leaving the lecturers salaries the same way it was since when the value of naira to a dollar was N120 .

To continue to remain on the same salary regime for 15 years without review is not only wicked and inhuman but also an invitation to resistance and industrial disharmony.

For the avoidance of doubt, the issues include the stalled renegotiation of 2009 FGN/ASUU Agreement; funding for the revitalization of public universities based on the FGN-ASUU MoU of 2021, 2013, and the MoA of 2017; the illegal dissolution of Governing Councils in federal and state universities; withheld salaries in federal and state universities; unpaid salaries of staff on sabbatical, adjunct, etc. due to IPPIS; the non-release of third-party deductions; non-payment of Earned Academic Allowances (EAA); proliferation of public universities; non-implementation of the reports of Visitation Panels and the refusal to adopt UTAS in place of IPPIS.

“By its action to ignore the union on these contending issues, the government is begging our union to proceed on strike”, Igbafen added.

Really?

Who will Nigerians contact if, at the consumer level, one stupid man starts charging them 60k again?

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Isn't that concerning?

NairalandForumo:
I hope we get our own prepaid meter this time free of charge

So 21 billion could solve prepaid meter issues nationwide and yet they used 21 billion to renovate Shettima's house

Nigeria my country, so Band Z no need meters? 🥲

At Zero Cost to Nigerians only on the News

happney65:
All these are still nonesense. We don't need all these. Let the government do true privatizion of the sector and not all these nonesense

I can't imagine government buying phones for us because we want to talk. No

As long as government doesn't buy phone for anybody,let everyone buy their metres themselves. Buying prepaid metres for customers is another avenue for stealing and nothing else.

Remove all government burecreacy and let true private individuals invest in the sector and fix prices themselves and see how the sector will grow not these nonesense we are doing and deceiving ourselves

You're not making sense. How many people can afford the prepaid meters at the current price? People have been agitating that government should distribute prepaid meters free of charge so that estimated billings could stop, now govt is planning to do it and you're still blaming govt, who do you people like this, are you okay at all?

Everything in Nigeria Has Reduced In Quality, Even Electricity No Dey Shock Like BEFORE

So how do I apply now??

Last you will hear of it