The Federal Government has reported 60 per cent of electricity consumers in the country have been metered through the 500 million dollars World Bank-financed Distribution Sector Recovery Programme and other reform initiatives,
The Director-General of the Bureau of Public Enterprises (BPE), Ayodeji Gbeleyi, made this disclosure while updating journalists on the operations of the National Council on Privatisation (NCP) at its second meeting for the year 2026 chaired by the Vice President, Kashim Shettima, at the Presidential Villa, Abuja.
According to him, the meeting was convened to update the Presidency on some of the activities of the NCP.
He explained: ”On various issues, we provided updates on meter deployment under phase 1 of the world bank-financed distribution sector recovery programme.
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“We have implemented 60 per cent of the meters that have been delivered in the country out of 1,033,000. So far, we have deployed and installed 668,000 meters on customers’ premises”, Gbeleyi added.
The Director-General clarified on the electricity sector reforms that 17 states had established their own state Electricity Regulatory Commissions (SERCs) between April and now based on the implementation of the Electricity Act 2023, adding that Akwa Ibom created its SERC in July.
Noting that though some fine-tuning is required in the implementation of that Act, the BPE boss said that “Council has directed that stakeholders, led by the Attorney-General of the Federation, the Minister of Power, the Nigerian Electricity Regulatory Commission, and other stakeholders to engage constructively.
“So, as to streamline and harmonise the Federal Government’s position in terms of the required amendments to fine-tune the Electricity Act and we are engaging in that regard”, he added
In his remarks, the Minister of Power, Joseph Tegbe, confirmed that the NCP was making efforts to ensure that Nigerians get value from electricity and other critical sectors of the economy.
The minister assured: ”We are working concertedly and in a very collaborative manner to ensure that we give value, either in electricity or in telecoms—whichever area—to make sure that Nigerians benefit from this government.”
