Recently, the Federal Government of Nigeria signed an agreement with Samsung Medical Electrical Co., Ltd., Samsung Intelligent Electrical Co., Ltd., and Xuji Group, a subsidiary of China Electrical Equipment Group Co., Ltd., through the Public Enterprise Management Bureau and power distribution companies to supply and install 1.4375 million smart meters nationwide in Nigeria.

The CEO of Nigeria Electricity Transmission Company stated that this project is the key to solving the shortage of 7.1 million smart meters in Nigeria, and can effectively reduce the supply-demand imbalance of electricity meters in Nigeria.

It is reported that this project is an important part of Nigeria's power distribution industry recovery plan. The plan supports Nigeria's power distribution company to improve its operations and enhance the technical indicators of the distribution network by utilizing a $500 million loan provided by the World Bank. $155 million is used for purchasing and supplying smart meters, and $345 million is provided as a loan to the power distribution company for upgrading the domestic distribution network.

Previously, the slow progress of Nigeria's power distribution industry recovery plan caused dissatisfaction from the World Bank. In July 2024, the World Bank announced the dispatch of a team to Nigeria to supervise and promote the implementation progress of a $500 million loan project. Keywords: the Belt and Road news, the Belt and Road project, overseas project.

It is expected that the implementation of the project will effectively improve the financial situation of the distribution company, reflect the real cost of electricity, and promote the construction of a competitive national electricity market in Nigeria. (This article is from the official website of Jian Dao: www.seetao.com. Reproduction without permission is prohibited, otherwise it will be prosecuted. Please indicate Jian Dao website+original link when reprinting.) Jian Dao website mechanical column editor/Zhou Yingwen