NERC approves N30bn to meter Band A and B customers
AI Executive Briefing
Gemini Flash AI~45s readThe Nigerian Electricity Regulatory Commission (NERC) has authorized ₦30 billion to accelerate the metering of Band A and Band B electricity customers. This initiative, part of the Presidential Metering Initiative, mandates that DisCos provide free meters to bridge the national metering gap.
Context & Background
- ✦The initiative aims to improve revenue collection and service delivery for electricity distribution companies while protecting customers from unfair billing.
- ✦The order enforces strict procurement transparency, requiring DisCos to engage local manufacturers and meter asset providers with verified stock.
Key Figures & Named Entities
NERC:The regulatory body overseeing the ₦30 billion fund and setting procurement standards.11 DisCos:The electricity distribution companies responsible for the equitable distribution and installation of meters.
Outlook & Next Steps
DisCos are required to conduct transparent procurement processes and file all supply and installation contracts with NERC, with failure to meet obligations resulting in potential sanctions.
Key Takeaways
AI Summary- The Nigerian Electricity Regulatory Commission (NERC) has approved ₦30 billion to provide free meters to unmetered Band A and Band B electricity customers.
- The funding is sourced from Tranche C of the Meter Acquisition Fund (MAF) and will be distributed among the 11 electricity distribution companies (DisCos).
- All meter installations under this initiative must be completed by the deadline of May 31, 2027.
Key Facts:November 2, 2026: Tranche C of the Meter Acquisition Fund (MAF) officially took effect.May 31, 2027: The deadline for the completion of all meter installations under the approved programme.
Editorial Excerpt
The Nigerian Electricity Regulatory Commission (NERC) has approved ₦30 billion to provide free mete
Frequently Asked Questions About This Story
Will customers be required to pay for these new meters?
No, customers will not be charged for meters supplied and installed under this programme.
How will the ₦30 billion be disbursed to the electricity distribution companies?
The funds will be shared among the 11 DisCos in proportion to their respective contributions to the Meter Acquisition Fund.
