Venco Receives Meter Asset Provider (MAP) Permit from NERC, Advancing as a Proptech Leader

YABA, Nigeria - July 23, 2025 - PRLog -- Venco, Africa's leading proptech platform for smart community management, has received a Meter Asset Provider (MAP) permit from the Nigerian Electricity Regulatory Commission (NERC). Announced in NERC's First Quarter 2025 report, the permit authorises Venco to deploy meters as part of national efforts to reduce Nigeria's metering deficit.

The approval marks a significant milestone for Venco, positioning it as both a technology innovator and a trusted infrastructure partner in Nigeria's energy sector.

"Being issued a MAP permit by NERC is both a validation of our work and a catalyst for greater impact," said Chude Osiegbu, Founder and CEO of Venco. "Our goal is to empower residents and estate & community managers with real-time data that improves how energy is used, shared, and paid for."

Powering Smarter Living

Venco's smart meters are part of a wider community management platform that handles everything from utility billing to access control, visitor management, payments, and facility maintenance.

The integration of metering into this platform provides clear benefits to residents and estate managers. It addresses challenges like unfair electricity charges, disputes over shared usage, manual billing processes, and lack of visibility into energy trends.

With the MAP permit, Venco will accelerate the rollout of smart, prepaid electricity and water meters across Nigeria. These meters provide accurate consumption data, promote energy efficiency, and support fairer billing systems for residents.

Closing the Metering Gap

Nigeria's metering deficit currently affects over 7 million households. Many still receive estimated bills, leading to billing conflicts and public distrust. In Q1 2025 alone, more than 187,000 meters were installed, with 79 percent provided through MAP licensees.

Venco's entry into the program is especially significant for gated estates and multi-unit buildings, where traditional solutions often fall short.

About Venco

Venco (https://venco.africa/), is a fast-growing proptech company building digital infrastructure for smart, sustainable communities in Africa. Its all-in-one platform enables estate administrators, landlords, and residents to manage utilities, security, access, payments, and daily operations with ease and transparency. Venco currently operates in Nigeria, Kenya, and Ghana, and is helping reshape urban living across the continent.