Increased metering to enhance investment and growth in Nigeria's power sector

  • 📰 vanguardngrnews
  • ⏱ Reading Time:
  • 49 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 40%
  • Publisher: 75%

Energy News

Metering,Investment,Growth

The CEO of De-Haryor Global Services Limited, Engr. Ashade Olatunbosum, believes that increased metering of households, businesses, and other customers will improve service delivery, revenue collection, and attract more investment in Nigeria's power sector.

The Chief Executive Officer, De-Haryor Global Services Limited, Engr. Ashade Olatunbosum, said increased metering of households, businesses and other customers would enhance investment and growth in Nigeria’s power sector.

According to him, his company, which was established in 2009, has been an active player since 2016, providing quality products and services to customers, adding that its smart meters cannot be tampered with or altered in any way. Engr. Olatunbosun, who commended President Bola Tinubu–led administration for efforts made to further enhance metering in the sector, said: “It is a good initiative and it is going to impact the sector positively. If the right meters are put in place, it will make it difficult for end users to bypass them, thus enabling the Electricity Distribution Companies, DISCOs to monitor their payments and recoup their investments.

“Our company is a servicing Electrical and Construction Company, providing complete Electrical and Building Services to commercial and industrial customers in Nigeria. We are not a new company. Contrary to speculation, we have been in existence since 2009 and started metering operations in 2016.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nigeria's Oil and Gas Industry Could Boost Economy with Increased RetentionThe Chairman of PETAN, Wole Ogunsanya, believes that if Nigeria can retain a significant portion of the oil and gas value chain within the country, it has the potential to become one of the top 20 economies in the world. He highlights the loss of billions of dollars daily due to underproduction and emphasizes the importance of in-country retention and beneficiation.
Source: TheNationNews - 🏆 6. / 69 Read more »