The Digest:
The Nigerian Electricity Regulatory Commission (NERC) has reported that power distribution companies (DisCos) generated N207.49 billion in revenue from customer bills totaling N258.66 billion in December 2025. The December revenue showed a slight decline of 0.02 percent from N208.78 billion in November, while billing fell by 4 percent from N269.43 billion. Collection efficiency improved marginally to 80.22 percent from 77.49 percent. The total value of energy received by DisCos was N309.65 billion, a 9.54 percent decrease from November. Eko DisCo recorded the strongest revenue recovery at 99.45 percent, followed by Yola (87.89 percent), Ikeja (85.32 percent), and Abuja (84.43 percent). Benin (71.36 percent), Ibadan (73.19 percent), Enugu (73.50 percent), and Port Harcourt (79.29 percent) recorded moderate recovery levels. NERC stated the figures provide insight into DisCos' billing, collection, and revenue recovery efficiency, key indicators for enhancing liquidity and improving service delivery.
Key Points
- The N207 billion revenue represents 80.22% collection efficiency, leaving over N51 billion uncollected.
- Eko DisCo's 99.45% performance sets a benchmark for revenue recovery.
- The 9.54% drop in energy received suggests potential supply constraints.
- The revenue decline despite improved efficiency indicates billing reductions.
- The data highlights persistent challenges in revenue collection across most DisCos.
Sources: NERC Report
