Addressing metering challenges in Nigeria
State governments in Nigeria are calling on the Federal Government to enforce a “no-meter, no-service” policy for all new electricity connections to address lingering metering issues in the country’s power sector. Meanwhile, the government targets September this year to meter all unmetered Band A electricity customers. George Etomi, Founder of George Etomi and Partners joins CNBC Africa for more on this.
Mon, 10 Jun 2024 12:20:28 GMT
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AI Generated Summary
- State governments advocating for a 'no-meter, no-service' policy to address metering challenges
- Ambitious targets set for meter acquisition and sector expansion in Nigeria
- Need for a stable legal and regulatory framework to attract investors and drive market resilience
The power sector in Nigeria has been a critical area of focus as the government grapples with long-standing metering challenges and aims to stimulate investment to drive economic growth. State governments are calling for a "no-meter, no-service" policy for all new electricity connections, while there is a target to meter all unmetered Band A electricity customers by September this year. George Etomi, Founder of George Etomi and Partners, shared insights on the sector, highlighting the need for a comprehensive approach to address the issues plaguing the industry. While there are ambitious goals set for meter acquisition and expansion, there are key hurdles to overcome to attract investors and achieve a sustainable energy mix. The potential of the Nigerian power sector is vast, but unlocking it requires a cohesive legal and regulatory framework, as well as patient capital to ensure long-term success.
