NERC approves N21bn for DisCos to purchase meters, addressing Nigeria's electricity metering gap.
NERC has approved N21bn for DisCos to purchase meters, addressing a significant metering gap in Nigeria's electricity supply industry. NERC data revealed that only 44.67% of the 13.4 million registered consumers had meters as of April 2024. The Meter Acquisition Fund (MAF) is part of the Multi-Year Year Tariff Order and will enable utilities to accelerate meter deployment and close the metering gap.
June 21, 2024
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