xThe practice of estimated billings by DISCOs to electricity subscribers has been fraught with corruption, exploitation and outright suppression of hapless consumers. The primary objective of the NMMP is to increase the metering rate of the country and close the gap of unmetered customers. xInterestingly, the Central Bank of Nigeria (CBN) has reportedly approved guidelines for funding the mass metering programme, which entails that all meters under the scheme will be locally produced, thereby creating thousands of manufacturing jobs through the lead manufacturers. Any reasonable action, legislation or mass metering aimed at resolving the intractable problem is welcome. Production of meters should be liberalised to accommodate many companies, and to enable government maximise its economic potential to the country.

Source: The Guardian November 24, 2020 04:30 UTC