Friday , May 24 2019
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Discos’ consumers received 93,219 prepaid meters in Q4 2017 — NBS

The total number of electricity consumers with prepaid meters increased by 6.23 per cent to 1,589,805 in the first three months of this year from 1,496,586 in the fourth quarter of 2017.

Almost five years after the privatisation of the power sector, many consumers continue to groan over estimated billing as demand for prepaid meters from distribution companies remains unmet. The Benin Electricity Distribution Company has the highest figure with 17.79 per cent (260,667) of the total customers metered, according to latest data from the National Bureau of Statistics.

It was closely followed by the Abuja Disco with 16.40 per cent (282,868 meters) and the Ibadan Disco with 15.99 per cent (254,261 meters). The NBS, in its power sector report for the first quarter of 2018, revealed that the Yola Disco recorded the least percentage of the total customers metered with 2.35 (37,329 meters).

Source: The Punch


About Lanre Oyetade

A multiple award winner in Economics and business journalism, Lanre Oyetade has served close to two decades in the media industry, spanning different notable stables, where he is privileged to have risen to the position of a title editor. A masters degree holder in Economics from the University of Lagos and doctoral student at the Babcock University, he is a winner of the prestigious NMMA Capital Market Award for two consecutive years (2004 & 2005), and was also a nominee for the body’s banking and finance and money market awards for two years. In 2013, he also won the Most Outstanding Business-Reporting Title Editor award of the National Institute of Marketing of Nigeria (NIMN). A minister in the LORDS’s vineyard, he has been an inspirational speaker and resource person at many corporate and religious fora since early 2004, and has so far authored three books on the capital market; on personal effectiveness, and on personal finance, in 2008 and 2014, respectively.