Nigeria’s Federal Government has announced plans to purchase up to 3.5 million prepaid power meters by the end of 2024 to boost revenue collection. This initiative, confirmed by the Ministry of Power through its cabinet secretary, Adebayo Adelabu, is part of a larger government strategy to acquire over 10 million meters in the next five years at a cost of $946 million.
Nigeria has been grappling with severe power shortages in recent years, an issue that President Tinubu’s administration has pledged to resolve. Currently, more than 7 million out of the country’s 13 million households lack prepaid meters, resulting in widespread complaints about electricity billing. Last year alone, the energy regulator received thousands of complaints from households, with 57% related to meter issues.
To address this, the government has promised to source the meters both locally and internationally, ensuring they meet the country’s needs.
