The House of Representatives has demanded answers from the Nigerian Electricity Regulatory Commission (NERC) over how ₦59 billion disbursed for the National Mass Metering Programme (NMMP) has been managed.
The loan, sourced from the Central Bank of Nigeria, was intended to help distribution companies (DisCos) provide meters to millions of households. But lawmakers say the scheme has failed.
Committee chairman Uchenna Okonkwo accused NERC of negligence. “We are carrying out a full investigation to address anomalies in the distribution sector. Anyone who tries to obstruct us will face the law,” he warned.
The committee also criticised an arrangement that allows Meristem Wealth Management Limited and NESI–SSL to collect 0.5 per cent of DisCos’ annual revenue until 2030.
Nigeria still has a staggering 7.2 million metering gap, with less than half of electricity customers registered as metered as of December 2024.
