The Nigerian Electricity Regulatory Commission (NERC) has approved the disbursement of N28 billion to electricity distribution companies (DisCos) for the procurement and installation of meters under the Meter Acquisition Fund (MAF) tranche B scheme.
The fund, which serves as a financial intervention to support the power distribution firms, is designed to accelerate the rollout of prepaid meters to customers at no cost, bridge the metering gap, and reduce billing disputes in the power sector.
According to Order No: NERC/2025/107, which took effect from October 6, the intervention aims to provide a “credible revenue stream” from market collections that can leverage long-term financing for utilities with limited creditworthiness.