Nigeria’s electricity distribution companies (DisCos) earned a total of N564.71 billion in the second quarter of 2025.
The Nigerian Electricity Regulatory Commission (NERC) disclosed this in its newly released Second Quarter 2025 Report.
The figure shows a significant improvement in their revenue collection and represents a 1.68 percentage point rise in collection efficiency compared to the previous quarter.
According to the report, out of N742.34 billion billed to customers during the quarter, 76.07 per cent was successfully collected, an increase from 74.39 per cent recorded in the first quarter of 2025, when DisCos collected N553.63 billion out of N744.26 billion billed.
Eko Disco, Ikeja Disco, and Port Harcourt DisCo led in collection efficiency, with Eko DisCo topping the chart at 87.80 per cent, followed by Port Harcourt Discos which improved by 9.79 per cent and Ikeja DisCo 4.89 per cent.
Other top performers include Benin (+5.04pp), Ibadan (+4.20pp), and Yola (+0.88pp) DisCos, which showed varying degrees of progress in revenue collection during the quarter.
The report read: “In 2025/Q2, three (3) DisCos recorded collection efficiencies greater than 80% with Eko (87.80%) recording the highest collection efficiency.”
Despite the overall sectoral improvement, some DisCos experienced a decline in their ability to collect revenue from consumers. Jos DisCo recorded the lowest collection efficiency at 43.82 per cent, while Abuja DisCo posted a 3.93 percentage point decline in performance compared to the previous quarter. Jos DisCo also saw a 3.37 percentage point drop.
The commission attributed these shortfalls to operational inefficiencies, billing disputes, energy theft, and low customer metering levels in some regions.
The regulator noted that the rising collection efficiency, albeit gradual, is crucial for improving the liquidity of the electricity market. Improved collections directly impact DisCos’ ability to settle obligations to the Transmission Company of Nigeria (TCN), the Nigerian Bulk Electricity Trading (NBET) company, and generation companies (GenCos).
