By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Times ReportersTimes Reporters
  • Home
  • News
  • Politics
  • Business
    • Economy
  • Sports
  • Entertainment
  • About Us
  • Bookmarks
Search
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Reading: FG Cracks Down on Meter Racketeering, Rolls Out 3.2 Million Free Smart Meters to End Estimated Billing
Share
Sign In
Notification Show More
Latest News
Foundation’s outreach aims to bridge mentorship gap affecting young boys – Founder
Metro News Youths
ADC yet to recover from collapse of so-called opposition coalition – TDF
News Politics
Ex-VP Atiku in no position to belittle President Tinubu’s reforms, TMSG insists
Business Economy News Politics
Tinubu’s $500m research fund signals Nigeria’s shift towards knowledge-driven economy — TSF
Business Economy News Politics
President Tinubu championing Africa’s growth through the success of Nigeria’s ongoing reforms – TDF
Business Economy News Politics
Aa
Times ReportersTimes Reporters
Aa
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Search
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Have an existing account? Sign In
Follow US
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Times Reporters > Business > FG Cracks Down on Meter Racketeering, Rolls Out 3.2 Million Free Smart Meters to End Estimated Billing
BusinessMetroNewsPower

FG Cracks Down on Meter Racketeering, Rolls Out 3.2 Million Free Smart Meters to End Estimated Billing

Publisher
By Publisher Published February 5, 2026
Share
3 Min Read
SHARE

By Chidi Ugwu

The Federal Government has moved to protect electricity consumers from exploitation by declaring that all meters being distributed under its power sector reform programme are strictly free, warning that any official or agent demanding payment is acting illegally and should be reported.

At a joint briefing in Abuja with the heads of the country’s 11 electricity distribution companies, the Bureau of Public Enterprises (BPE) said the nationwide meter deployment is designed not only to close Nigeria’s long-standing metering gap but also to stamp out the culture of arbitrary billing and extortion that has frustrated millions of households and businesses.

- Advertisement -
Ad image

Ayodeji Ariyo Gbeleyi, Director General of BPE, stressed that customers must not pay a kobo for meter supply or installation under the Distribution Sector Recovery Programme (DISREP), a $500 million World Bank-backed intervention aimed at overhauling the distribution segment of the electricity value chain.

According to him, the funding arrangement — secured at single-digit interest rates — offers a cheaper and more sustainable alternative to commercial loans, allowing the government to finance critical infrastructure without pushing additional costs onto consumers.

Under the initiative, 3.2 million smart meters will be procured and installed across the country within four years through competitive bidding. Nearly 700,000 units have already been delivered, while about 200,000 have been fixed in homes and businesses served by various distribution companies.

Gbeleyi said the programme forms part of a broader effort to build a financially stable and service-driven electricity market capable of delivering reliable supply and fair billing. He noted that contractors handling the project have already been paid by the government, eliminating any justification for customers being charged.

Distribution companies echoed the warning. The Managing Director of Abuja Electricity Distribution Company, Chijioke Okwuokenye, urged customers to reject any payment requests and report offenders immediately.

His counterpart at Eko Disco, Wola Joseph-Condotti, said internal measures were underway to identify and remove staff or agents extorting consumers.

Beyond eliminating upfront meter costs, the smart meters are expected to introduce more accurate billing, reduce disputes, and improve transparency. Authorities say the devices will also help utilities cut technical and commercial losses, strengthen revenue collection, and attract long-term investment into the network.

Of the total funding, $250 million has been earmarked specifically for meter procurement, data management systems, and operational upgrades for distribution companies.

With about 5.66 million customers still unmetered nationwide, officials described the rollout as one of the most ambitious metering drives in the sector’s history.

While priority will go to unmetered households, up to 20 per cent of the new units may replace faulty or outdated meters.

For many consumers long burdened by estimated bills, the government says the message is simple: the meters are paid for — and they are free.

Like this:

Like Loading…

Related

You Might Also Like

Foundation’s outreach aims to bridge mentorship gap affecting young boys – Founder

ADC yet to recover from collapse of so-called opposition coalition – TDF

Ex-VP Atiku in no position to belittle President Tinubu’s reforms, TMSG insists

Tinubu’s $500m research fund signals Nigeria’s shift towards knowledge-driven economy — TSF

President Tinubu championing Africa’s growth through the success of Nigeria’s ongoing reforms – TDF

TAGGED: Electricity, free metering, Meter, Nigeria

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Publisher February 5, 2026
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
Share
Previous Article Africa Takes Control of Its Energy Future with Official Handover of African Energy Bank Headquarters
Next Article Dangote Group, Kaduna Chamber, Drive Local Content Agenda At 2026 Trade Fair With 10,000 Participants
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
Telegram Follow
- Advertisement -
Ad image

– Member of –

Latest News

Foundation’s outreach aims to bridge mentorship gap affecting young boys – Founder
Metro News Youths May 18, 2026
ADC yet to recover from collapse of so-called opposition coalition – TDF
News Politics May 17, 2026
Ex-VP Atiku in no position to belittle President Tinubu’s reforms, TMSG insists
Business Economy News Politics May 17, 2026
Tinubu’s $500m research fund signals Nigeria’s shift towards knowledge-driven economy — TSF
Business Economy News Politics May 17, 2026

You Might also Like

MetroNewsYouths

Foundation’s outreach aims to bridge mentorship gap affecting young boys – Founder

May 18, 2026
NewsPolitics

ADC yet to recover from collapse of so-called opposition coalition – TDF

May 17, 2026
BusinessEconomyNewsPolitics

Ex-VP Atiku in no position to belittle President Tinubu’s reforms, TMSG insists

May 17, 2026
BusinessEconomyNewsPolitics

Tinubu’s $500m research fund signals Nigeria’s shift towards knowledge-driven economy — TSF

May 17, 2026
Times ReportersTimes Reporters
Follow US

© 2024 Times Reporters | Deigned by AuspiceWeb Graphics. All Rights Reserved.

  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
Join Us!

Subscribe to our newsletter and never miss our latest news!

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?
%d