Electricity: NERC approves N30bn for Band A, B unmetered customers
AI Executive Briefing
Gemini Flash AI~45s readThe Nigerian Electricity Regulatory Commission has authorized N30 billion to accelerate the metering of Band A and Band B customers. This initiative, funded through the Meter Acquisition Fund, aims to close the national metering gap and improve revenue assurance for the 11 electricity distribution companies.
Context & Background
- ✦The initiative is part of the Presidential Metering Initiative designed to address the persistent metering gap in the Nigerian power sector.
- ✦The policy mandates that distribution companies must bear the cost of relocating connection points for revenue protection, ensuring no financial burden falls on the consumer.
Key Figures & Named Entities
•NERC (Nigerian Electricity Regulatory Commission) issued Order No. NERC/2026/121 to govern the fund distribution.•N30 billion is the total amount allocated for the third tranche of the Meter Acquisition Fund.
Outlook & Next Steps
Distribution companies are required to conduct transparent procurement processes with local manufacturers and ensure all installations are finalized by May 31, 2027, subject to NERC monitoring and reporting requirements.
Key Takeaways
AI Summary- The Nigerian Electricity Regulatory Commission (NERC) has approved N30 billion for free prepaid meters for unmetered Band A and Band B customers.
- The funding is provided under the third tranche (Tranche C) of the Presidential Metering Initiative's Meter Acquisition Fund (MAF).
- All meters provided under this initiative must be free of charge and clearly labeled 'NOT FOR SALE'.
Key Facts:November 2, 2026: The operationalisation of Tranche C of the Meter Acquisition Fund officially took effect.May 31, 2027: The deadline for the completion of all meter installations under the Tranche C initiative.
Editorial Excerpt
The Nigerian Electricity Regulatory Commission, NERC, has approved N30 billion for the provision of free prepaid meters to unmetered Band A and Band B electricity customers across the country.The commission said the funding was approved under the third tranche of the Presidential Metering...
Frequently Asked Questions About This Story
Who is eligible for the free prepaid meters under this NERC order?
Unmetered electricity customers classified under Band A and Band B are eligible for the free meters.
How will the meter providers be paid for their services?
Payment is made in two stages: 70 percent upon verified delivery of meter stocks and 30 percent after confirmation of complete installation.
