60% of Nigerians still on estimated billing —NERC report

The latest quarterly report from the Nigeria Electricity Regulatory Commission (NERC) revealed a large measurement gap between electricity users, with 59.74% of the consumer population still without access to prepaid meters.

It totals 5,779,232 of the total electricity in Nigeria, with only 3,895,497 measured to date.

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A major setback for the distribution segment of the energy value chain, the scarcity of meter supply has contributed tremendously to consumers' apathy towards the payment of the electric bill, as higher tariffs are expected to take effect in the next month.

The NERC acknowledges the revenue restrictions faced by the Nigerian bulk electricity company (NBET) in the third quarter of last year, during which power distribution companies (Discos) in the country liquidated only N58.81 billion of the pending sum of N179 . 66 billion in its bill.

Read too: Nigeria's inflation rate rises to nearly two-year high of 12.20%

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"Despite the small progress recorded in the third quarter of 2019, the financial viability of the Nigerian electricity supply industry (NESI) is still a major challenge that threatens its sustainability," says the newspaper.

Among the country's eleven clubs, only Benin and Abuja Nightclubs surpassed the measurement of 50% of its customer base.

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The moderate improvement in the supply of meters was derived from the MAP Provider Provider (MAP) initiative, which aimed to accelerate the delivery of the meter to users "through the engagement of third-party investors in the financing, acquisition, supply, installation and maintenance of electricity meters".

NERC, in synergy with the Ministry of Power, guaranteed that it would fill the measurement gap by the end of 2021.

Ronald Adamolekun

Ronald Adamolekun is a creative writer with mixed experience in fields as diverse as data journalism, financial reporting and editing.

Ronald Adamolekun

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