The Nigerian Electricity Regulatory Commission (NERC) performance fact-sheet analysis shows that the Nigeria’s electricity distribution companies (DisCos) achieved a revenue collection of N196.13 billion from customers in March 2026, amounting to 79.59% of the N246.43 billion billed for that period, as reported by industry data.
This reveals that the country’s 11 distribution companies faced a shortfall of approximately N50.3 billion from the total billed, highlighting ongoing issues with revenue recovery in the power sector.
Among the DisCos, Abuja Electricity Distribution Company issued the largest billing at N45.92 billion and successfully collected N34.81 billion. Ikeja Electric recorded the highest revenue collection, receiving N40.30 billion against N41.82 billion billed. Following closely behind was Eko Electricity Distribution Company, which collected N33.89 billion from its billing of N38.65 billion.
Ibadan DisCo recovered N19.23 billion from N24.96 billion billed, while Port Harcourt DisCo collected N14.58 billion from N18.11 billion. Enugu DisCo generated N13.62 billion from N17.99 billion billed, and Benin DisCo collected N15.11 billion from N16.62 billion.
Among the lower-performing operators, Kano DisCo recovered N9.74 billion from N13.72 billion billed, Jos DisCo collected N6.74 billion from N11.63 billion, while Kaduna DisCo recorded one of the weakest performances, recovering only N4.66 billion from N12.10 billion billed. Yola DisCo generated N3.40 billion from N4.87 billion billed.
The March figures reflect the continuing struggle of electricity distributors to convert billed energy into actual revenue despite ongoing reforms in the sector.
Revenue collection remains a key indicator of the financial health of Nigeria’s electricity market, which continues to face challenges including inadequate metering, energy theft, billing disputes and customer payment defaults.
The latest data comes as regulators intensify efforts to improve market liquidity through wider metering coverage, stricter enforcement against energy theft and improved billing systems.
Industry stakeholders regularly emphasize that inadequate revenue recovery hampers distribution companies’ capacity to fulfill their financial commitments to power generation firms and other entities within the electricity value chain.
Experts argue that boosting collection efficiency, expanding metering coverage, and rebuilding customer trust are vital steps toward establishing a financially stable electricity sector. These measures are also seen as key to attracting the investments necessary for improving power supply across the nation.
In March, the sector billed customers a total of N246.43 billion but managed to recover only N196.13 billion, resulting in a revenue gap of over N50 billion despite achieving an overall collection efficiency rate of 79.59%.
