Latest Development
Project Details
Project TypeEnergy / Power Sector
Project OwnerFederal Government of Nigeria
Project SponsorFederal Government of Nigeria / World Bank
Financing InstitutionWorld Bank (International Bank for Reconstruction and Development — IBRD)
Start Date4 February 2021
Expected Completion30 May 2028
Current PhaseProcurement
Funding StatusFully Funded
Key Issues / Risks
Implementation and procurement timing across multiple components, including the delivery and installation of smart meters, coordination among participating distribution companies, and the execution of procurement contracts under the program.
Latest Development (Detail)
The World Bank's July 2026 implementation documentation indicates that procurement activity for additional smart meters is progressing, with the procurement process for 1.75 million smart meters expected to have been launched by June 2026 and contracts expected to be signed before the end of 2026. The broader DISREP program remains under implementation, with a current World Bank closing date of May 30, 2028.
What Happens Next
Procurement and implementation of additional smart-meter supply and installation packages under the Nigeria Distribution Sector Recovery Program, alongside continued execution of the program's broader power distribution investments.
Commercial Opportunity
The program presents potential opportunities for smart-meter manufacturers, electricity metering companies, electrical equipment suppliers, installation contractors, engineering firms, technology providers and related service companies as additional metering and power distribution investments move through procurement and implementation.
Stakeholder Intelligence
Key Organizations / Companies InvolvedWorld Bank, TCN-PMU, BPE, NERC, participating DisCos
Capital & Financing Intelligence
Funding / Amount CommittedUSD $500 million
Funding SourceWorld Bank — International Bank for Reconstruction and Development (IBRD)
Funding Date4 February 2021
Procurement & Contract Outlook
Procurement / Contract OpportunityA World Bank procurement notice has been published for the additional supply and installation of smart meters to eleven Nigerian distribution companies.
Expected Next MilestoneContract Award / Contract Signing (1 September 2026)
Commercial Opportunity Intelligence
Financing / Capital OpportunityThe smart-meter procurement is being financed under the World Bank-supported Nigeria Distribution Sector Recovery Program (P172891). The second International Competitive Bidding (ICB) covers approximately 1.55 million smart meters. The procurement is part of the program's investment in reducing electricity distribution losses and improving metering coverage.
Potential BeneficiariesSmart Meter Manufacturers, Metering Companies, Electrical Equipment Suppliers, ICT/Technology Companies, Energy Technology, Installation and Engineering Services.
Opportunity SignalThe procurement represents a large-scale, World Bank-financed opportunity for smart-meter manufacturers, metering technology providers, electrical equipment suppliers and installation companies. The second ICB covers approximately 1.55 million meters, with the contract-signing target set for September 1, 2026, creating a near-term commercial signal for companies positioned to participate in Nigeria's electricity metering market.
Commercial ReadinessProcurement Ready
Historical Intelligence
12 January 2026Second International Competitive Bidding (ICB) for approximately 1.55 million smart meters was launched under the Nigeria Distribution Sector Recovery ProgramWorld BankSource → 30 April 2026Opening of bids was scheduled but was postponed following a court injunction received by TCN-PMU shortly before the scheduled bid openingWorld BankSource → 1 June 2026TCN-PMU was expected to submit the technical evaluation report to the World Bank following the delayed bid opening processWorld BankSource → 1 September 2026Target date for signing contracts for the second ICB smart-meter procurementWorld BankSource → Source & Verification Trail
Last VerifiedJuly 26, 2026
Source(s)World Bank Procurement Notices
Source DateJuly 22, 2026