Discos Have Received 37 Billion Naira Grant To Supply Metres
The Federal Government has taken advantage of the new Meter Asset Provider (MAP) regulations to give a grant of 37 billion naira to a private sector operator to supply meters.
With this grant, electricity distribution companies in Nigeria may no longer have any excuses not to supply customers with prepaid metres. But #ThisIsNigeria, they may still collect the money and refuse to supply the metres.
However, whether they will utilize the grant for the purpose or not, it will be on record that the Federal Government has taken advantage of the new Meter Asset Provider (MAP) regulations to give a grant of 37 billion naira to a private sector operator to supply meters to interested Distribution Companies (DisCos).
Minister of Power, Works and Housing, Mr Babatunde Fashola, disclosed this at the 28th monthly meeting of power companies in Kaduna.
The Meeting, hosted by Kaduna Electricity Distribution Company at the Mando transmission substation, had in attendance representatives of government power agencies and private operators across the value chain of Generation, Transmission and Distribution.
The minister, who did not mention the name of the company, said the Federal government provided the fund based on the demand for meters, given the increasing power generation, transmission and distribution in the country.
Fashola said: “As power supply continues to increase in Generation, Transmission and Distribution, the demand for meters will increase because more power supply and consumption will likely result in increased bills.
“Estimated billings in these circumstances will become a major cause of distrust and conflict between consumers and DisCos, and meters are the easiest way to build the bridge of trust.
“On the Executive side of government, we are responding by taking advantage of the Meter Asset Provider (MAP) regulations to deploy a fund of 37 billion naira toward supplying meters through private sector.
“I urge all DisCos who have not taken advantage of this opportunity to quickly do so or make their own funding arrangements to contract their own meter providers to supply and install meters.”
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