NERC approves fresh N30bn for 11 DisCos to provide free meters

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 latest approval, which represents the third tranche of the fund, is aimed at accelerating efforts to bridge Nigeria’s metering gap, reduce revenue losses and improve service delivery in the electricity distribution sector.

The Commission had earlier approved N21 billion under Tranche A and N28 billion under Tranche B, bringing previous approvals to N49 billion. ...