The Nigerian Electricity Regulatory Commission has approved the disbursement of N28bn to electricity distribution companies for the second phase of the Meter Acquisition Fund scheme, for the metering of all outstanding Band A customers free of charge.
In the new directive signed by NERC Vice Chairman, Dr. Musiliu Oseni, and the Commissioner for Legal, Licensing and Compliance, Dafe Akpeneye, the commission said the latest tranche would focus on metering all outstanding unmetered Band A customers while expediting the closure of the metering gap for customers currently classified under Tariff Band B.
The N28bn will be shared among the 11 distribution companies in proportion to their market contributions. Ikeja Electric will receive the highest allocation of N5.47bn, followed by Eko DisCo with N4.36bn, Ibadan DisCo with N4.26bn, and Abuja DisCo with N3.31bn. Yola got N231m, and Jos received N794m.