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Senate to Probe Failed Prepaid Meter Agreement and Two-Trillion Naira Electricity Subsidy

The Nigerian Senate has resolved to investigate a failed agreement aimed at local manufacturing of prepaid meters and a two-trillion naira subsidy proposed by the Minister of Power, Adebayo Adelabu, to address challenges in the electricity sector.

The decision was reached following a motion of public importance presented by Senator Aminu lya Abbas. The probe will focus on the reasons behind the collapse of the agreement intended to produce prepaid meters for nationwide distribution, as well as the proposed subsidy to prevent a recurrence of the fuel subsidy crisis.

Additionally, the Senate’s Committee on Power has been tasked with investigating the 1.3 trillion naira debt owed by the Ministry of Power to generating companies and the 1.3 billion dollars owed to gas companies.

Lawmakers also called for the Federal Government to halt plans for an increase in electricity tariffs by withdrawing subsidy and to engage the Nigerian Electricity Regulatory Commission to devise a lasting solution to the energy billing system.

The legislators resolved to also investigate the operations of DISCOs to ascertain the current status of metering and their extent of compliance with relevant legal and regulatory frameworks in service delivery as well as the release of funds by the Federal Government for mass pre-paid metering and report findings to the senate among others.

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