Minister of Power, Works and Housing, Babatunde Fashola, disclosed on Monday in Abuja that he has secured the release of 300,000 electricity meters which belonged to the defunct Power Holding Company of Nigeria, PHCN.
Fashola, in a YouTube question and answer webinar on Monday, March 28, explained that the release of the metres would help improve the supply of electricity to Nigerians.
He explained further that the meters were initially locked up in a warehouse due to a legal battle against the contract for their procurement.
The Minister expressed hopes the large volume of meters would be used effectively by the Discos across the country.
According to him, the contract for the procurement of the meters was awarded by PHCN in 2003 but that legal actions instituted by parties in the contract had stalled their eventual deployment to homes in the 11 electricity distribution networks since then.
He said the matter had been settled out court and alternative settlement reached by the parties.
Fashola further disclosed that the Federal Government has concluded plans to add another 2260 megawatts to the national grid with the approval of 14 solar projects. He said the project would kick off very soon.