NERC approves fresh N30bn for 11 DisCos to provide free meters.
The latest approval, which represents the third tranche of the […] The post NERC approves fresh N30bn for 11 DisCos to provide free meters appeared first on Vanguard News .
By Obas Esiedesa, Abuja The Nigerian Electricity Regulatory Commission (NERC) has approved an additional N30 billion for the 11 electricity Distribution Companies (DisCos) to procure and install free meters for unmetered customers, bringing total approvals under the Meter Acquisition Fund (MAF) scheme to N79 billion.
The Commission had earlier approved N21 billion under Tranche A and N28 billion under Tranche B, bringing previous approvals to N49 billion.
NERC/2026/121, effective November 2, 2026, the regulator said the latest N30 billion would be allocated among the 11 DisCos in proportion to their respective contributions to the fund as of the July 2026 market settlement. According to the order, the funds would be used to meter all remaining unmetered Band A customers and accelerate the closure of the metering gap among customers classified under Band B. NERC specifically directed the DisCos to deploy the funds for the “procurement and installation of meters for unmetered Band ‘A’ and ‘B’ Customers within their franchise areas.” The intervention comes amid a national metering rate of 63.10 per cent as of August 2026, with 8.05 million of the 12.75 million active electricity customers having meters. Data from the Commission showed that approximately 4.7 million active customers were still without meters.
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