By Energy Worth
The Federal Government has concluded plans to involve more Nigerians in meter manufacturing in order to boost revenue for the power sector to be able to expand capacity most especially in the distribution aspect in the electricity value chain.The Minister of Power, Works and Housing, BabatundeRaji Fashola SAN, stated this in Lagos recently during an official inspection of the National Meter Test Station in Oshodi.According to the Minister, metering is a big issue and government hopes to address it more vigorously this year with regulations that will open up the business to many more Nigerians. He said that this would reduce the pressure on Electricity Distribution Companies (DISCOs) on meter supply.“The core business of energy, their business is not to supply meters. The government will address metering more vigorously this year with regulations which will open up business in metering to more investors. This will reduce the pressure on DisCos so that they can concentrate more on their core business. So, we will open up the business to other people who want to play in the sector once the meter regulations are completed this year,” he said.
