DisCos under financial strain as NERC mandates N20.33bn meter refunds

ELECTRICITY distribution companies (disCos) in Nigeria are facing renewed liquidity concerns after the Nigerian Electricity Regulatory Commission (NERC) directed them to return N20.33 billion to customers who paid for prepaid meters under the Meter Asset Provider (MAP) scheme. The instruction was issued in an amended regulatory order dated March 1, 2026, which requires all electricity […]