The Federal Government has metered 60 per cent of electricity customers in Nigeria under Phase One of the $500 million World Bank-financed Distribution Sector Recovery Programme.
This formed part of the updates on the activities of the National Council on Privatisation (NCP) at its second meeting for the year 2026.
The meeting was chaired by Vice President Kashim Shettima at the Presidential Villa, Abuja.
The Director-General of the Bureau of Public Enterprises (BPE), Ayodeji Gbeleyi, explained that the meeting provided the Vice President with updates on some of the activities of the NCP.
“On various issues, we provided updates on meter deployment under Phase 1 of the World Bank-financed Distribution Sector Recovery Programme.
“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,” he said.
On the implementation of the Electricity Act, Gbeleyi said about 17 states have created their own State Electricity Regulatory Commissions since April 2024.
“Akwa Ibom created its own commission in July, though some fine-tuning is required here and there in the implementation of that Act.
“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, 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 assured.
Similarly, the Minister of Power, Mr Joseph Tegbe, confirmed efforts being made by the NCP to ensure Nigerians get value from electricity and other critical sectors of the economy.
“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,” he said.
