The Nigerian Electricity Regulatory Commission has approved N30 billion for the third phase of its Meter Acquisition Fund, aimed at speeding up meter installation for unmetered Band A customers and extending coverage to Band B consumers.
The commission also ordered electricity distribution companies to finish all installations under the scheme by 31 May 2027 and warned that customers must not be asked to pay for meters supplied through the programme.
NERC announced the approval in Order No. NERC/2026/121 on the operationalisation of Tranche C of the Meter Acquisition Fund, which took effect on 2 November 2026. The order was published on the commission’s official X account on Tuesday.
According to the regulator, the N30 billion will be shared among the eleven DisCos in line with how much each contributed to the fund.
The money is meant to cover every remaining unmetered Band A customer and to accelerate metering for Band B customers, with fair distribution across states within each DisCo’s franchise area.
The funding falls under the Federal Government’s Presidential Metering Initiative, which is designed to reduce Nigeria’s persistent metering gap, shield consumers from estimated billing and strengthen accountability in the power distribution system.
