NERC Approves ₦30bn Fund for Free Meters for Band A and B Customers

The Nigerian Electricity Regulatory Commission (NERC) has approved the third tranche of its Meter Acquisition Fund, worth ₦30 billion. The programme takes effect from 2 November 2026 and will be shared among the 11 electricity distribution companies according to their contributions to the fund. The funding is intended to meter all remaining unmetered Band A customers and speed up installations for Band B customers. NERC says the meters will be provided free of charge and must be marked “NOT FOR SALE.” DisCos must procure meters transparently from eligible suppliers. Providers will receive 70% of payment after verified delivery and the remaining 30% after installation is confirmed. All Tranche C installations must be completed by 31 May 2027.

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