Lagos — The federal government has said it hopes to increase tax revenue through its National Mass Metering Programme, NMMP by N7 billion per annum.
This was disclosed in a document on some of the achievements of the President Muhammadu Buhari in six years.
“The programme is expected to generate an additional N7bn increase in tax revenues per annum and $10m in annual import substitution,” it stated.
According to the document, the N60bn meant for the first phase of the free meters to one million unmetered Nigerians will be provided by the Central Bank of Nigeria, and has had already been approved and released.
“The CBN is providing N60bn for the first phase, with a target of one million meter installations. So far more than 500,000 meters have been delivered to the Discos (distribution companies), and more than 280,000 installed,” the government stated.
It said there had been a nationwide rollout of electricity meters to all on-grid consumers, as this was inaugurated in August 2020.
The Federal Government’s document on its achievements in the last six years, which was seen on Sunday, said it inaugurated the Solar Power Naija programme in April 2021 to deliver five million off-grid solar connections to Nigerian households.