Nigeria’s electricity distribution companies (DisCos) recorded higher earnings in the third quarter of the year, even as many customers continued to experience frequent blackouts.
Data released by the Nigerian Electricity Regulatory Commission (NERC) on Tuesday shows the DisCos generated a combined revenue of ₦570.25 billion — a 22% increase compared to the same period last year.
The revenue growth came despite a drop in energy actually billed to customers, which declined to 6,158.54 gigawatt-hours from 6,449.82 GWh in the previous quarter.
Ikeja Electric posted the highest collections at ₦117.08 billion, followed by Eko Electricity Distribution with ₦101.11 billion and Abuja Electricity Distribution with ₦90.73 billion.
Yola, Kaduna and Jos DisCos recorded the lowest revenues.
NERC said the sector achieved a collection efficiency of 80.7%, leaving a gap of ₦136.36 billion between bills issued and money recovered — reflecting persistent challenges such as electricity theft, estimated billing and weak infrastructure.
Only about 55% of Nigeria’s 12 million registered customers currently have prepaid meters.
During the quarter, 228,614 meters were installed, mainly through the government’s Meter Asset Provider scheme.
According to the report, the rise in revenue is largely driven by tariff adjustments rather than improved power supply.
Government subsidies also remained significant, with the federal government covering ₦458.75 billion to bridge the difference between cost-reflective tariffs and what consumers pay.
Analysts warn that without major investment in power generation and transmission, increased collections alone will not resolve Nigeria’s electricity problems.
The country still generates only about 4,000 megawatts on average for a population of more than 200 million, leading many households and businesses to depend on costly generators
- Army deploys 170 forest guards to safeguard communities in Kebbi - March 4, 2026
- US Embassy cancels Abuja visa appointments over protest fears - March 4, 2026
- Doguwa returns as Kano APC chairman after 10 years - March 4, 2026
