Electricity distribution companies in the country on Wednesday said they needed a minimum of N53bn to be able to meter the 2.9 million unmetered consumers nationwide.
The Executive Director, Research and Advocacy, Association of National Electricity Distributors, an umbrella body for the Discos, Mr. Sunday Oduntan, told journalists in Abuja that the power firms would require several billions of naira to meter customers who had yet to be metered.
“On metering, we have 2.9 million customers who have yet to be metered, according to the figure given by NERC. And if you look at the amount of money required to do that, even at the minimum of N53,000 per meter, although a meter is more than that now due to the issue of forex; we need billions of naira to take care of that. And this will not be less than N53bn,” he said.