Challenges dogging metering of electricity consumers in the country, yesterday, were highlighted, as stakeholders in the sector insisted on results from the Central Bank of Nigeria’s (CBN) intervention, which aimed at bridging the nation’s five million metering gap. xThe Federal Government, last year, launched a mass metering scheme backed by the CBN. Introduced in September 2020, the metering scheme aimed was at increasing Nigeria’s metering rate, eliminating arbitrary estimated billing, strengthening the local meter value chain by increasing local meter manufacturing, assembly, and deployment capacity. He noted that despite the intervention, consumers were still being forced to procure the asset, although it was meant to be free. President, Nigeria Consumer Protection Network, Kunle Olubiyo, said the scheme and financial interventions remained lauded but demanded an urgent review.

Source: The Guardian July 04, 2021 03:30 UTC