FG Approves N39bn Loan For Supply Of Meters To Ensure Uninterrupted Power Generation

Minister of Power, Works and Housing, Mr Babatunde Fashola, has disclosed that The Federal Government has approved N39bn loan to Electricity Distribution Companies for the supply of meters.Fashola, who was speaking in Kano at the 18th Monthly Power Sector Stakeholders Meeting hosted by Kano Electricity Distribution Company said the gesture was part of power sector recovery programme of the government aimed at ensuring uninterrupted power generation and distribution.“It is also aimed at ending the series of complaints by consumers who applied for meter but were not supplied at the appropriate time. With this development, we have also noticed increase in the distribution of electricity to consumers across the country.’’ Fashola added that “It is a serious problem that the distribution companies do not have enough carrying capacity to accommodate more of the generated electricity due to one reason or the other.”