The Nigerian Electricity Regulatory Commission, NERC, has approved N21 billion for electricity distribution companies, DisCos, to procure meters for customers, in a bid to bridge the gap in power distribution and revenue generations.
The Commission in an order issued by its Chairman, Sanusi Garba and Commissioner for Legal, Dale Akpeneye said the amount which will come from the Meter Acquisition Fund, MAF, would assist the industry in eradicating the bottle necks in its drive for improved service delivery.
The order also stated that DisCos shall, within 14 days from the effective date of the Order, conduct a transparent and competitive procurement process, for meter price determination, selection and engagement for the metering of end-use customer meters under the MAF scheme.
NERC data showed that as of the end of April 2024, only 44.67 per cent of the total 13.4 million registered customers have electricity meters.
