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FG gives approval to 108 electricity meter providers

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  • Plans to generate 30 megawatts from coal in 2020

FEDERAL government has given an approval to 108 companies to supply meters to electricity consumers in the country.

This was made known by the Minister of  Power, Works and Housing, Babatunde Fashola, recently,  during the continuation of his neighbourhood consultations and campaign for the re-election of President MuhammaduBuhari in  2019 in Surulere Local Government of Lagos.

According to him, 108 metering companies had been given licences to supply meters to address the problem of arbitrary billing in the electricity sector.“ It is the solution of our government by the president to intervene in the metering gaps; people were licensed as Gencos and Discos.”

He explained that “Discos have the contract to supply meters and we hear the concerns of citizens now saying that they want meters because their bills are going up. So, this time, we are going to create new businesses for meter suppliers under a Meter Asset Provider Scheme. That policy has been approved.”

Fashola further said that, “the Nigerian Electricity Regulatory Commission has made the regulations around which it will work; 108 companies, small businesses that will also create employments because those companies are now going to be the suppliers of meters. They are going to employ people to install the meters, they are going to buy meters, and they are going to make meters.”

Federal government he said, had also provided solar power to 450 shops in Iponri market because the traders organised themselves and a private firm was contracted to handle the project, adding that government was ready to extend the solar service to Iponri Estate, if the residents were ready to have a service centre.

Also, as part of measures to tackle power problem in the country, the Ministry of Mines and Steel Development has announced that Nigeria  is set to generate 30 megawatts of electricity  from coal next year.

This was contained in a document released by the Minister of State, Mines and Steel Development, Abubakar Bwari, in Abuja on Sunday .

He said that the power would be generated because Nigeria had more than 2.7 billion tonnes of coal deposits, “Nigerian coal reserves are estimated at over 2.7 billion tonnes out of which about 650 million tonnes are proven.” Alhaji Bwari said that available data suggested that there was coal deposits on more than 22 coal fields in 16 states of the federation.

He disclosed that a project delivery team has been inaugurated for the concession of the remaining five coal blocks of the Nigerian Coal Corporation, adding that this will be done through a competitive bidding process.

On the Ease of Doing Business in the mining sector, the minister said that the ministry had taken appropriate steps to improve Nigeria’s ranking in the World Bank Ease-of-Doing-Business Index.

With the federal government’s proposal on generation of energy from coal, Enugu state government’s moves on cola investment will be a success.

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