Bolaji Tunji, Special Adviser to the Minister of Power on Strategic Communications and Media, the Federal Government has allocated N700 billion from the federation account to distribute free electricity meters under the Presidential Metering Initiative.
In an interview with The PUNCH on Friday, he stated that the PMI was on track to meet its goal of delivering two million meters annually.
He disclosed that procurement had begun and that N700 billion had been set aside for the project.
He said, “The Presidential Metering Initiative is still on course. Two million meters every year, delivery of the first batch will start by the first quarter of next year. About N700bn provision has been made, and the money is ready.”
The government will deliver 1.3 million of the 3.2 million electrical meters promised under the World Bank Distribution Sector Reform Programme initiative this month, the special adviser added.
The government had, however, saved N420 billion from a monthly withdrawal of N100 billion, according to an examination of the Federal Account Allocation Committee meeting minutes that The PUNCH could get between April and August.
