NERC Approves N30bn to Give Nigerians Free Electricity Meters

(Prepaid meters. Photo by The Sun Nigeria)
The government electricity referee (NERC) has released N30 billion to buy and install free prepaid meters for electricity users.

The money will be shared among the 11 electricity distribution companies (DisCos) in proportion to how much each one put into the fund.

The funding is meant to install meters for all remaining unmetered Band A customers and speed up metering for Band B customers.

It will be spread equitably across states within each DisCo's area.

DisCos must buy meters through open, transparent processes, using verified local manufacturers and meter asset providers.

NERC has set maximum prices based on September 2026 bids.

Suppliers will be paid in two parts: 70 per cent once the meter stock is verified, and the remaining 30 per cent after full installation is confirmed.

All meters under the programme are to be given to customers free of charge.

Each one must show the DisCo's name, the MAF tranche and the words "NOT FOR SALE."

If a DisCo asks a customer to relocate a connection for revenue protection, the DisCo pays the cost.

NERC will impose sanctions on any DisCo that blocks installation, and all installations under Tranche C must be completed by 31 May 2027.