Electricity consumers in Nigeria face two significant problems.
The first one is pretty obvious: we don’t have stable electricity as 78% of electricity consumers receive less than 12 hours daily. The second one is that according to the Nigerian Electricity Regulatory Commission (NERC), as of September 2021, only 37% of Nigerian electricity consumers had meters.
Key takeaways:
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As of September 2021, less than 40% of electricity consumers had meters. This is because, for every four customers newly registered with the distribution companies, only one gets metered.
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The problems metering companies face, access to forex and logistics, aren’t peculiar to the sector. However, meter prices are regulated, so meter companies can’t pass their costs on to consumers.
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Even though the CBN is giving loans for metering under the National Mass Metering Programme (NMMP), this isn’t enough to fix the problem.
Meters measure how much electricity a building gets. So, at the
