In a move aimed at bridging Nigeria’s metering gap, the Presidency has announced plans to install 750,000 electricity meters in 2027. The initiative, which is yet to be officially named, is part of a broader effort to improve electricity supply and distribution in the country, reports indicate. According to sources, the Presidential Metering Initiative is expected to address the ongoing issues of estimated billing and power outages that have plagued many Nigerian homes and businesses for years. The exact details of the initiative, including how the meters will be distributed and funded, are yet to be disclosed by the Presidency. The ambitious plan comes as a relief to many Nigerians who have long grappled with unreliable power supply and exorbitant electricity bills. According to the National Bureau of Statistics, over 60% of Nigerian households still lack access to electricity, a problem that has hindered economic growth and development. The new initiative is expected to significantly improve the country’s electricity infrastructure and provide a more accurate billing system, ultimately benefiting consumers and businesses alike. While the exact timeline for the installation of the meters is yet to be disclosed, the Presidency has expressed optimism that the initiative will be fully implemented within the 2027 timeframe. As more details emerge, EventsNigeria.com will continue to bring you updates on this developing story.
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