Nigeria to buy 3.5 million pay as you go energy meters by finish of 2024

Nigeria to buy 3.5 million pay as you go energy meters by finish of 2024

Nigeria’s Federal Authorities has introduced that it’s going to purchase a most of three.5 million energy meters by the tip of 2024 in a transfer to extend income assortment within the West African state.

The nation’s Ministry of Energy, via its cupboard secretary Adebayo Adelabu, introduced this, echoing the current decision by the federal government to buy over 10 million meters within the subsequent 5 years. This may value the federal government a complete of $946 million.

Nigeria has been experiencing acute energy shortages in recent times. The federal government of President Tinubu had promised to resolve the stalemate.

Nigerians have been complaining in regards to the electrical energy cost difficulty, with over 7 million households out of 13 million missing these meters.

The vitality regulator stated that they had obtained hundreds of complaints from varied households final 12 months alone, referring to 57% of the complaints.

The federal government had additionally promised to supply the meters each domestically and internationally.

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