Minister of Power, Professor Chinedu Nebo has said that about 60 percent of electricity customers are not metered in Nigeria.
Speaking during the signing of Memoranda of Understanding, MoU, between Ministry of Power and some Chinese companies for the establishment of an electricity smart-meter manufacturing firm in the Free Trade Zone in Calabar, Cross River State, he said that the plant will significantly close metering gap and create employment to our teaming unemployed youth.
Receiving the group on behalf of the Minister, Permanent Secretary, Ministry of Power, Dr. Godknows Igali, said that the firm will enable investors re-coup their investment as planned.
Nebo added that the metering company would enhance revenue generation to the coffer of Distribution Companies thereby curtailing the menace of estimated billing as being experienced by the electricity customers in many parts of the country.
According to him, “We will increase electricity consumption rate, we also have to produce more meters to meet their demand.”
The Minister revealed that this administration will give more incentives to local manufacturers, so as to encourage them to establish more companies for the production of meters in the country.
Nebo also noted the invaluable contributions of the Nigerian Embassy in China for wooing investors into the Nigerian Power Sector, saying that posterity will acknowledge their patriotic instincts in this regard.
Earlier, Nigeria Deputy Chief of Mission to China Patrick Onadipe said Skyrun Meter Solution have been in Free Export Zone, Calabar in the last 10 years and are manufacturers of Water Dispensers, Fans, Fridges and other home appliances.