Electricity distribution companies recorded a shortfall of over N202bn in their revenue collections for the first quarter of 2025, despite a rise in electricity billing across the country,
This was as data revealed that electricity billing by distribution companies increased by 106.68 per cent or N393.26bn year-on-year from the same period in 2024.
According to the latest report published by the Nigerian Electricity Regulatory Commission, the 12 power distribution companies, also known as Discos, billed customers a total of N761.91bn between January and March 2025.
However, only N559.3bn was collected during the period, translating to a revenue collection efficiency of 73.4 per cent and a shortfall of N202.61bn or 26.6 per cent.
