Tag: Mass metering
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CBN releases framework for financing of mass metering
Central Bank of Nigeria (CBN) has released its framework for National Mass Metering Programme (NMMP). The framework was released by the Development Financing department of the apex bank through its official website on Monday. It stated that introduction of the Service-Based Tariff (SBT) in the Nigeria Electricity Supply Industry (NESI) effective Sept. 1, had put…
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Buhari orders mass metering to end estimated billing
President Muhammadu Buhari has directed the commencement of a nationwide mass-metering programme as part efforts to put an end to estimated and arbitrary billing for electricity. Prof. James Momoh, Chairman, Nigerian Electricity Regulatory Commission (NERC), in a statement on Wednesday in Abuja, said the president’s directive was in response to yearnings of Nigerians. According to…