President Goodluck Jonathan has approved funds for the procurement of one million electricity meters.
This is coming as the Federal Government on Thursday shifted its earlier target of generating 6,000MW of electricity before the end of 2014 to 2015.
Addressing the complaints of power consumers and civil society organisations during a town hall meeting in Abuja, the Minister of Power, Prof. Chinedu Nebo, said the private sector owners of the electricity distribution companies inherited a lot of customers who had no meters.
He said, “The private sector inherited a customer base in which 50 per cent do not have meters. Nigeria has the highest per capital electricity theft in the world. That is why we are now doing smart meters and we are moving to a place where the meters will be mounted on poles, because something has got to be done fast.
Electricity consumers who do not have meters receive estimated bills monthly.
Statistics obtained from the ministry showed that peak generation on Wednesday was 4,405.6MW; energy generation, 4,000.63MW; while energy sent out was 3,914.60MW. Peak demand was, however, put at 12,800MW.
On gas pipelines vandalism, Nebo said the country lost an average of 1,000MW in 2014 as a result of the activities of vandals.
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