Nigeria approves 30 billion naira to meter electricity customers
Headline and summary by local AI
The Nigerian Electricity Regulatory Commission (NERC) approved 30bn Naira to fund the third tranche of the Meter Acquisition Fund starting 2 November 2026.
The commission will distribute this money among eleven Distribution Companies (DisCos) based on how much each company contributed to the fund. This initiative aims to provide meters to all remaining unmetered customers in Band A and speed up the metering of customers in Band B across various states.
The commission established a framework for the Presidential Metering Initiative to close the national metering gap. Distribution Companies must use transparent procurement processes to work with local meter manufacturers, assemblers, and asset providers with verified stock. The commission set maximum purchase prices based on median national bid prices from the September 2026 cycle. Providers will receive 70% of their payment upon delivery of the stock and the remaining 30% after installation is confirmed.
The commission stated that customers will receive these meters free of charge. Every meter must display the name of the distribution company and a label stating the device is not for sale. All installations under this tranche must be finished by 31 May 2027.
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