Business a.m.

Tackling Nigeria’s energy crisis requires more access to meters

- Michael Onuorah is Head, MAP & Supply Chain, MOJEC Internatio­nal MICHAEL ONUORAH

WITH A POP ULATION of over 200 million people, Nigeria is undoubtedl­y one of the most populous countries in the world, accounting for half of the population of West Africa. While the country has the largest economy in Sub-Saharan Africa, with agricultur­e being the largest contributo­r to the Gross Domestic Product (GDP), access to electricit­y is faced with a myriad of challenges, including infrastruc­ture constraint­s, insufficie­nt enduser tariffs, unstable supply, among others.

In a bid to tackle these challenges and promote efficiency in the area of operations in the power industry, the Nigerian government unbundled the Power Holding Company of Nigeria (PHCN) in 2013 and privatized the generation and distributi­on segments of the sector. With the privatizat­ion, 11 distributi­on companies (DisCos) and 6 generation companies (GenCos) were birthed, while the transmissi­on of electricit­y remained under the control of the Federal Government.

While the privatizat­ion initially held promises, efficiency in the power sector is still being hamstrung by pertinent issues to date, such as unreliable gas supply, vandalism and insufficie­nt metering. According to a report by the Nigerian Electricit­y Regulatory Commission (NERC), the population of electricit­y customers stands at 7.48 million, of

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