The Central Bank of Nigeria is providing N60bn for one million electricity meters that are meant for free distribution to unmetered power users across the country, the Federal Government has said. It disclosed this in a document on some of the achievements of the President, Major General Muhammadu Buhari (retd. In the document, which was sighted by our correspondent in Abuja on Sunday, the government stated that the N60bn was for the first phase of its National Mass Metering Programme. “The CBN is providing N60bn for the first phase, with a target of one million meter installations. Sunday PUNCH had reported that the World Bank and the CBN were fully providing funds for the estimated six million electricity meters required to close the metering gap in the Nigerian power sector.

Source: Punch June 28, 2021 00:56 UTC