2 years after, FG moves distribution of N700bn meters to 2027 – Daily Trust

Two years after the Federal Accounts Allocation Committee (FAAC) disbursed funds for the N700bn Presidential Metering Initiative (PMI), the federal government has stated it will start distribution in 2027.

Daily Trust studies that the PMI was permitted in November 2023 to assist deal with Nigeria’s persistent electrical energy metering challenges and it’s geared toward lowering the metering hole within the nation.

It additionally enhances the World Bank funded Distribution Sector Recovery Program (DISREP) that may inject 3.2 million meters into the electrical energy sector.

Even although the PMI is meant to distribute 3.8 million meters, a former minister of Power, Adebayo Adelabu, had acknowledged that distribution would start with 1.1 million meters by December 2025 whereas two million meters yearly might be distributed over a five-year interval.

It additionally varieties half of broader efforts to increase meter deployment, enhance electricity-sector income assortment and scale back reliance on estimated billing.

According to the presidency, the challenge is past distribution of meters and it incorporates coaching of over 5,000 Nigerians on meter set up; strengthening the capability of native meter producers consistent with the Nigerian First Policy, amongst others.

Similarly, the challenge is applied by a federation-owned entity, PMI-Smart Grid Development Limited (PMI-SGDL) with the Chairman of the Nigeria Governors’ Forum and Governor of Kwara State, Mallam AbdulRahman AbdulRazaq, serving as its board chairman.

The Special Adviser on Energy to the President Olu Verheijen, is the Executive Secretary whereas Obafemi Solebo serves because the Project Director and Chief Executive Officer.

Already, the coaching of 5,000 meter installers began in July and it’s being executed in batches with the third batch at the moment in coaching.

The coaching is being organised by the National Power Training Institute of Nigeria (NAPTIN) whereas the certification and compliance requirements are being overseen by the Nigerian Electricity Management Services Agency (NEMSA).

During the coaching, AbdulRazaq was quoted to have acknowledged that the Power Force will create jobs for younger Nigerians whereas strengthening electrical energy entry in each state.

The Minister of Power, Joseph Tegbe, stated a stronger energy sector begins with expert individuals and Power Force invests in Nigerian expertise to energy the nation’s future

On her half, Verheijen stated metering restores belief.

“When customers pay only for what they use, revenues improve, investment follows, and service gets better. Power Force helps us scale that progress faster.”

How N700bn was disbursed

According to paperwork from FAAC, PMI-SGDL disbursed the primary tranche of funds on May 13 2024 with N120bn.

The second tranche of N100bn was disbursed on June 10 adopted by one other N100bn on July 16.

Another N100bn was disbursed on August 16, the identical quantity on September 16. Another on October 11 and the final was N80bn on November 10.

The ledger termed the receiver as State House: Smart Grid Development Limited e-collection account.

1,645,004 meters issued

Daily Trust noticed that because the 2025 that the distribution was supposed to have commenced until the second quarter of 2026, Electricity Distribution Companies (DisCos) have issued 1,645,004 meters beneath 5 schemes.

The schemes embrace Meter Assets Providers, a scheme the place prospects who’re drained of DisCos’ estimated billing pay for his or her meters themselves, however can be refunded via electrical energy tokens. The DisCos pays again inside 10 years.

The second is the Meters Acquisition Fund (MAF), this can be a scheme launched by the Nigerian Electricity Regulatory Commission (NERC) by deducting metering surcharge within the allowed tariffs for all DisCos they usually present meters for particularly Band A prospects.

Next is the Distribution Sector Recovery Program (DISREP), a $500 million World Bank mortgage, geared toward bettering the monetary and technical efficiency of DisCos, which can be given to Band A prospects.

One of its main goals is to shut the metering hole within the Nigerian Electricity Supply Industry (NESI) by deploying 3.2 million good meters.

Also, there’s the Vendor finance, the place a 3rd social gathering, meter firm, pays for a meter and can be refunded by the Disco. The final is Disco financed, which is paid for by the DisCo for its prospects.

Analysis of the quantity of meters deployed in the course of the interval confirmed that 892,859 meters had been distributed via the MAP, 404,993 via DISREP, 236,045 meters via MAF; 79,256 meters via vendor financed and 24,124 meters via DisCos financed.

A breakdown indicated that 36,787 meters had been distributed beneath MAF IN Q1 2025, whereas 148,713 meters got beneath MAP; 620 meters beneath Vendor and 1,074 beneath DisCos, totaling 187,194 meters in the course of the quarter.

In Q2, 65,315 meters got beneath MAF; 149,150 meters beneath MAP; 12,259 beneath vendor financed and 234 beneath DisCo financed, totaling 226,958 meters in the course of the quarter.

In the third quarter, 7,902 meters had been distributed beneath DISREP, 175 beneath MAF, 176,302 beneath MAP; 44,104 beneath vendor finance and 131 beneath DisCo financed, making 228,614 meters in complete.

In This autumn, 80,651 meters had been distributed beneath DISREP; 22,748 beneath MAF; 176,180 beneath MAP; 20,984 beneath vendor financed and 4,453 beneath DisCo financed, totaling 305,016 meters in the course of the quarter.

In Q1 2026, 118,681 meters had been issued beneath DISREP; 97,992 beneath MAF; 118,681 beneath MAP; 1,009 beneath vendor financed and 10,589 beneath DisCo financed, with a complete of 346,952 meters in the course of the quarter.

For Q2 2026, 205,486 meters got beneath the DISREP; 13,028 beneath MAF; 123,833 beneath MAP; 280 beneath vendor financed and seven,643 beneath DisCos financed, totaling 350,270 meters in the course of the quarter.

Nigerians pay N133.92bn for meters in 18 months

Drawing from the 892,859 meters that had been distributed in the course of the interval, it may be deduced that Nigerians paid N133,928,850,000 (billion) to get meters from DisCos.

The determine was arrived at utilizing a mean of N150,000 per meter. This is due to the various value of meters with three-phase meters costing over N200,000 whereas single-phase prices up to N120,000.

While there is no such thing as a knowledge on which bands those that purchased meters with their cash belong to, the roll out of MAF and DISREP had been to prioritise Band A prospects, as such, it might be inferred that those that bought meters beneath MAP belongs to the decrease bands of B to E.

This confirmed that the federal government’s choice not to distribute the PMI meters comes at an amazing price to poor Nigerians who proceed to accuse DisCos of extortion.

Though, the most recent report by NERC stated meter deficit has diminished to 4,704,224 in August as 8.05 million are actually metered, consultants have stated the determine may not be correct as many Nigerians stay in buildings that DisCos categorised as one buyer, whereby greater than 20 to 30 prospects stay in such buildings.

Why Band A prospects get free meters

An official of the Abuja Electricity Distribution Company (AEDC) who spoke with our reporter on situation of anonymity, stated the meters are at the moment given to band A prospects due to their significance to the monetary stability for the Nigerian Electricity Supply Industry (NESI).

He added that the meters are additionally given to previous prospects who the corporate feels their consumption is just not reflective of the provision given to them.

Confirming this, an electrical energy buyer in Abuja, Ibrahim Idris, stated he utilized for a meter in January hoping to get the meter however he’s but to obtain any.

“It has been 10 months now and I am yet to get the meter. No one has called DisCo to give me an update on my application or what alternative I should go for.”

“I am already on solar in my house, the reason why I am not desperate to go through the bribing channel to fast track it. While I know getting meters is time consuming, many people using meters I know told me they often give out bribes to receive the meters.”

“I could have gone the route of estimated billing but since I have solar, it serves the little it can power little appliances.”

Another buyer, Mohammed Saheed, stated when he needed to get a meter, he was requested to pay N120,000.

But for Isaac Emmanuel, he was compelled to pay N30,000 to installers earlier than the meter he purchased was put in in his house.

Speaking with Daily Trust, Kunle Kola Olubiyo, President of the Nigeria Consumer Protection Network, stated the N700bn funding for electrical energy meters beneath the Presidential Metering Initiative (PMI), will go a great distance to make Nigerians maintain DisCos accountable towards what he known as the opaque estimated billings.

He stated because the fund is coming from FAAC, it introduced a good distribution of meters to each state within the nation and essentially the most susceptible Nigerians might be prioritised.

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He defined that the fund is a home initiative that runs alongside the World Bank-supported Distribution Sector Recovery Programme (DISREP), which gives a further $500 million to procure roughly 3.2 million to 3.45 million meters.

“Have the Nigerian Government been in a position to meet up the December, 2025 deadline for the deployment of the meters? I don’t suppose so. Has it been prolonged? How many pre-paid Meters or Post-paid Meters have been deployed beneath the World Bank funded DISREP metering programme?

On his half, Energy skilled, Lanre Elatuyi, stated shoppers will proceed to face arbitrary billing, which could lead to underbill or overbill.

He stated as soon as DisCos underbill, that signifies that they can’t acquire for power that they’ve distributed and after they overbill, shoppers is not going to pay, as a result of they may contest it and no matter they’re given as their power utilization doesn’t correspond to what they really feel they used.

“So, as long as there are consumers that can’t pay up-front for the cost of metering, it is a challenge for the whole sector that is facing gross liquidity.”

He suggested the federal authorities to interact the general public on the standing of PMI as the present state of affairs appears opaque.

Distribution to begin in 2027 with 750,000 meters

While a factsheet by NERC that acknowledged that the distribution will begin in 2027 with 750,000 meters to assist shut the metering hole, efforts to get response from the Ministry of Power and PMI on the trigger of the delay was not profitable.

This reporter reached out to Spokesperson of the ministry Clemet Ezeora, a Deputy Director, who stated he’s new within the position and doesn’t have any data on it.

Also, media aide to the minister, Adeola Adelabu, advised our reporter that the “PMI is essentially domiciled under the Office of SA Energy (now SA Oil and Gas). They are best to address concerns around PMI.”

Also, messages and telephone calls to the Project Director, Obafemi Solebo, and three different workers members on the PMI weren’t responded.