NERC Deploys N30 Billion to Close Metering Gap for Key Electricity Consumer Bands
The Nigerian Electricity Regulatory Commission (NERC) has authorised a substantial N30 billion allocation for the third tranche of the Meter Acquisition Fund (MAF). This significant financial injection is designed to expedite the metering of unmetered customers classified under Band A and Band B electricity tariffs nationwide. The regulatory body’s directive, formalised in Order No. NERC/2026/121 concerning the Operationalisation of Tranche C of the MAF, became effective on November 2, 2026.
This strategic funding mechanism will see the N30 billion distributed among Nigeria’s eleven electricity Distribution Companies (DisCos). The allocation will be determined proportionally, based on each DisCo’s contribution to the overall fund. The primary objective is to ensure all remaining unmetered Band A customers are metered, while simultaneously accelerating the metering process for Band B customers. The distribution of these meters will be equitable across all states falling within the respective DisCos’ operational franchises.
NERC has mandated that DisCos engage in transparent procurement processes. These processes must involve eligible Local Meter Manufacturers and Assemblers (LMMAs) and Meter Asset Providers (MAPs) possessing verified meter stock. The Commission has established maximum procurement prices, benchmarked against the median national MAP online bid prices recorded during the September 2026 bidding cycle. Payments to selected meter providers are structured in two phases: 70 per cent will be disbursed upon verified delivery of meter stock, with the remaining 30 per cent contingent upon confirmation of complete installation.
Crucially, NERC has stipulated that all meters supplied and installed under the MAF programme must be provided to electricity consumers at no cost. Each meter is required to prominently display the name of the responsible DisCo, the applicable MAF tranche, and the inscription “NOT FOR SALE.” Furthermore, any relocation of a customer’s connection point initiated by a DisCo for revenue protection purposes will be at the DisCo’s expense. The order also includes provisions for sanctions against DisCos whose defaults hinder meter installation.
To ensure accountability and efficacy, NERC has instituted comprehensive monitoring, reporting, and evaluation requirements for the Fund Manager, DisCos, and all participating meter providers. All supply and installation contracts must be filed with the Commission. The deadline for the completion of all meter installations under Tranche C is May 31, 2027. This initiative is anticipated to significantly reduce the national metering deficit, bolster revenue assurance for DisCos, enhance service delivery, and provide greater protection for electricity consumers.
