The Nigerian Electricity Regulatory Commission (NERC) released N30 billion for the third phase of its metering fund. According to Nairametrics and AllAfrica, this capital targets unmetered Band A users and expands coverage for Band B consumers. The regulator formalized the move in Order No. NERC/2026/121, which took effect on November 2, 2026. Punch reported that NERC shared the details on its X account on Tuesday, linking the effort to the Federal Government’s Presidential Metering Initiative.
The 11 distribution firms will share the funds based on their prior contributions to the scheme. Nairametrics noted that installations must spread evenly across states within each company’s franchise area. To ensure transparency, NERC directed these firms to procure from eligible local manufacturers and verified asset providers. AllAfrica and Punch explained that maximum prices were set using median bids from the September 2026 cycle.
To enhance accountability, the commission introduced a split payment structure. Punch explained that providers receive 70 percent of the contract value upon verified delivery of stock, with the final 30 percent paid after installation is confirmed. Nairametrics added that consumers receive these devices at no cost. Each unit must display the relevant distribution firm’s name, the specific fund tranche, and the phrase “NOT FOR SALE.”
The order also addresses moving existing connection points for revenue protection. According to AllAfrica, a distribution firm bears the cost if it initiates such a move. Sanctions apply if firm defaults delay installation. Nairametrics reported that all supply and installation contracts must be filed with the regulator, and monitoring requirements apply to the fund manager, firms, and providers.
All installations under this tranche must finish by May 31, 2027. Nairametrics stated that this release builds on earlier steps, including a March 2026 directive for firms to refund N20.33 billion for meters bought under the asset provider framework. The initiative aims to close the national metering gap and improve revenue assurance.