The Federal Government has secured ₦700 billion to roll out two million electricity meters annually over the next five years under the Presidential Metering Initiative. Power Minister Adebayo Adelabu announced this at the 2025 Nigerian Energy Forum in Lagos, noting that the fund was sourced from the Federation Account Allocation Committee.
The initiative, he said, would close Nigeria’s metering gap, enhance transparency, and stabilise the power sector. It complements 3.2 million meters being procured through the World Bank’s Distribution Sector Recovery Programme. Over $2 billion has also been mobilised to boost renewable energy projects.
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Adelabu added that new training facilities have been commissioned to build technical capacity, while recent agreements are expected to add nearly four gigawatts of solar manufacturing capacity annually, advancing Nigeria’s energy transition goals.
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