Nigeria to purchase 3.5 million prepaid power meters by end of 2024

Nigeria’s Federal Government has announced that it will acquire a maximum of 3.5 million power meters by the end of 2024 in a move to increase revenue collection in the West African state.

The country’s Ministry of Power, through its cabinet secretary Adebayo Adelabu, announced this, echoing the recent resolution by the government to purchase over 10 million meters in the next five years. This will cost the government a total of $946 million.

Nigeria has been experiencing acute power shortages in recent years. The government of President Tinubu had promised to resolve the stalemate.

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