NERC approves N30bn for free meters, targets May 2027
AI Executive Briefing
Gemini Flash AI~45s readThe Nigerian Electricity Regulatory Commission (NERC) has approved N30 billion for the third tranche of the Meter Acquisition Fund (MAF) to accelerate the closure of the national metering gap. This initiative mandates that all 11 DisCos provide free meters to Band A and Band B customers, with strict procurement and installation guidelines.
Context & Background
- ✦The initiative is part of a broader regulatory effort to strengthen revenue assurance and improve service delivery within the Nigerian electricity sector.
- ✦The policy aims to protect consumers by ensuring that meters are provided at no cost and that DisCos bear the financial burden of connection point relocations.
Key Figures & Named Entities
•NERC (Nigerian Electricity Regulatory Commission) issued Order No. NERC/2026/121.•N30 billion allocated for the third tranche of the Meter Acquisition Fund.
Outlook & Next Steps
DisCos are required to conduct transparent procurement processes with local manufacturers and ensure all installations are completed by May 31, 2027, under threat of sanctions for delays.
Key Takeaways
AI Summary- The Nigerian Electricity Regulatory Commission (NERC) has approved N30 billion for the third tranche of the Meter Acquisition Fund (MAF) to provide free meters.
- The initiative specifically targets the remaining unmetered Band A customers and accelerates metering for Band B customers across all 11 DisCos.
- All meters provided under this tranche must be labeled 'NOT FOR SALE' and installed free of charge, with a completion deadline set for May 31, 2027.
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 third tranche.
Editorial Excerpt
The Nigerian Electricity Regulatory Commission (NERC) has approved N30 billion for the third tranche of the Meter Acquisition Fund (MAF), targeting the provision of free electricity meters to all remaining unmetered Band A customers and accelerated metering of Band B customers.
Frequently Asked Questions About This Story
How will the N30 billion be distributed among the electricity companies?
The funds will be allocated among the 11 electricity Distribution Companies (DisCos) in proportion to their respective contributions to the fund.
What is the payment structure for meter providers under this order?
Providers receive 70 percent of the payment upon verification of meter stock delivery and the remaining 30 percent after confirmation of complete installation.
