CBN releases framework for metering financing, promotes local content

Nigeria: Electricity generation plunges below 4,000 megawatts

The Central Bank of Nigeria (CBN) has released the framework for the financing of National Mass Metering Programme (NMMP). The programmed is aimed at closing the current metering gap of over 10 million in the Nigeria Electricity Supply Industry (NESI). According to the apex bank, the closing of this gap is expected to enhance efficiency of revenue collection by distribution companies (DisCos), thereby facilitating meeting their obligations to other upstream market participants. The framework, which outlines the operational modalities of the CBN financing support to the DisCos (downstream) and local…

Read more