The Nigeria Electricity Supply Industry (NESI) is eyeing over N200billion investments over the next three years from the implementation of the Meter Asset Provider (MAP) Regulation.
Presenting the regulation at the 25th monthly Ministerial Power Sector Stakeholders meeting in Uyo, Akwa Ibom State, the Nigeria Electricity Regulatory Commission (NERC) Commissioner, Legal, Licensing and Compliance, Mr. Dafe Akpeneye, said the regulation would create jobs as it is compulsory to comply with 30% local content in the engagement of manpower.
He said four years after privatisation, customers are still complaining over issues of availability of metering and estimated billings, which necessitated the regulation to have independent providers approved by the NERC and contracted by the DisCos to bridge the metering gap.
In bridging the gap, he said, customers will now have the option of self-financing, obtain meters from the asset providers and pay the metering service charge for a period of 10 years. The meter asset providers will also ensure that the meters are maintained should anything go wrong with the meters, he added.