In Ondo State, residents once struggled with inflated electricity bills, never knowing how much they would pay each month.
Then, in September 2024, the government began distributing over 13,000 prepaid meters to households and small businesses.
Prepaid Meters To Boost Business Growth
According to Commissioner for Information and Orientation, Idowu Ajanaku, “The meters reduce estimated billing, improve transparency, and boost investor confidence.”
As a result, small business owners now enjoy reliable electricity, allowing shops and workshops to expand, hire more staff, and increase productivity.
Powering Development
Furthermore, the Ondo State Power Company intensified oversight, ensuring a steady supply, while the Ministry of Energy extended access across the state.
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At the same time, the Internal Revenue Service improved collection through digital systems and transparent operations, giving the state funds to develop infrastructure.
In addition, Ondo’s cocoa farms are growing stronger as value addition and agribusiness investments create jobs and boost export revenue.
Investing In Opportunity
Finally, Ajanaku encouraged investors to seize the opportunity, highlighting the state’s resources, strategic location, reliable power, and transparent governance.
