NERC Allocates ₦300 Billion to Meter Acquisition Fund

The Nigerian Electricity Regulatory Commission (NERC) has approved ₦300 billion for Tranche C of the Meter Acquisition Fund (MAF) under the Presidential Metering Initiative, effective November 2, 2026. This initiative aims to close the metering gap in Nigeria and enhance energy accountability.

The funding will be distributed among the eleven Electricity Distribution Companies (DisCos) based on their contributions to the fund. The primary goal is to meter all remaining unmetered Band A customers promptly and accelerate meter deployment for Band B customers across all DisCo franchise areas.

NERC mandated that DisCos conduct open procurement processes with qualified Local Meter Manufacturers and Assemblers (LMMAs) and Meter Asset Providers (MAPs). Providers will receive 70 percent of funds upon verified delivery of meter stock and the remaining 30 percent after installation.

NERC clarified that all meters supplied will be free of charge to customers and must display specific information to prevent extortion. DisCos must complete all installations by May 31, 2027, with sanctions for delays.