Federal Government to Roll Out 7 Million Smart Meters in 2025: A Game-Changer for Nigeria's Power Sector

Federal Government to Roll Out 7 Million Smart Meters in 2025: A Game-Changer for Nigeria's Power Sector


LAGOS, NIGERIA- In a bold move set to revolutionize Nigeria's power sector, the Federal Government has announced plans to roll out 7 million smart meters across the country starting in 2025. This ambitious initiative, part of the Presidential Metering Initiative (PMI), aims to eliminate the contentious practice of estimated billing, ensuring transparency and fairness in electricity charges.



A Leap Towards Transparency

Olu Arowolo Verheijen, the Special Adviser to the President on Energy, emphasized that the smart meter rollout is a critical step towards ending the era of estimated billing. "Consumers will now be billed based on actual consumption, fostering trust and accountability in the power sector," Verheijen stated. This move is expected to significantly boost consumer confidence and streamline revenue collection.


Targeted Subsidies for Low-Income Households

The Federal Government is also working on a targeted subsidy system to ensure that low-income households receive the most support. Currently, the government spends over ₦200 billion per month on electricity subsidies, but much of this support benefits the wealthiest 25 percent of Nigerians. The new system aims to make electricity more affordable and accessible for millions of hardworking families.


Settlement of Legacy Debts

Another key aspect of the initiative is addressing the mounting debts owed to power generation companies. These debts have long hindered investments in new infrastructure and hampered efforts to improve electricity supply. By clearing these outstanding obligations, the government aims to unlock new investments and ensure a more stable power supply for all Nigerians.



Reducing Costs for Alternative Power Generation

To further support the power sector, the Federal Government is working to lower the cost of alternative power sources such as Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) through fiscal incentives like VAT and customs duty waivers. This will make energy more affordable and accessible, particularly for those in rural areas.


A Brighter Future for Nigeria's Power Sector

The PMI is not just about smart meters; it's about laying the foundation for better service delivery, expanded access to electricity, and long-term prosperity for all Nigerians. The government's commitment to these reforms is a testament to its dedication to improving the daily lives of its citizens.

As Nigeria gears up for this transformative initiative, the future of its power sector looks brighter than ever. The rollout of 7 million smart meters is set to bring about a new era of transparency, fairness, and efficiency in electricity distribution, benefiting millions of households across the nation.

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