Speaking in Lagos at the 2025 Nigerian Energy Forum, with the theme “Powering Nigeria through Investment, Innovation, and Partnership,” Adelabu shared that the fund was obtained from the Federation Account Allocation Committee by the Federal Government.
According to him, the programme will help to close Nigeria’s metering gap, enhance transparency and boost the financial stability of the power sector.
He stated that the PMI complements the 3.2 million meters being procured via the World Bank’s Distribution Sector Recovery Programme (DISREP), positioning Nigeria to bridge the metering gap before 2030.