MeterAcquisitionFund(MAF)

Overview

Blackaion Capital, in partnership with Meristem, serves as Co-Fund Manager for the Meter Acquisition Fund (MAF)—a landmark initiative launched by the Nigerian Electricity Regulatory Commission (NERC) to accelerate the deployment of smart meters across Nigeria. MAF provides a structured, revenue-backed financing solution that enables electricity distribution companies (DisCos) to acquire meters at scale, starting with high-value Band A customers. Through this role, Blackaion is helping strengthen revenue protection, enhance transparency, and unlock investor confidence in Nigeria’s power sector.