Venco, an African proptech company focused on smart community management, has reached a pivotal milestone in its expansion plans with the approval of a Meter Asset Provider (MAP) permit by the Nigerian Electricity Regulatory Commission (NERC).
The permit, confirmed in NERC’s first quarter 2025 report, officially authorises Venco to deploy smart meters across Nigeria, endorsing a move that positions the company at the forefront of efforts to close the country’s metering gap.
With over seven million Nigerian households still relying on estimated electricity billing, the introduction of more MAP-certified providers is a critical step in the country’s drive to increase transparency and accountability in energy consumption. Venco is among eight companies newly added to the MAP program, which is responsible for the majority of meter installations in the country.