The Senate has just approved a $500 million loan request by the Federal Government. The money will be used by the Bureau of Public Enterprises for “metering Nigerians” for the supply of electricity to their homes. Why we suspended Zamfara APC Chairman — Ward excoAccording to the Ministry of Power, over 92 million Nigerians have yet to be metered. “The programme development objective of this project is to improve financial and technical performance of electricity distribution companies “, the Senate report said. The Nigerian Electricity Regulatory Commission (NERC) said as of June 2022, the electricity customer population in Nigeria stood at 12.64million.

Source: Nigerian Tribune May 16, 2024 01:53 UTC