NERC Reports December 2025 Nigerian DisCos Revenue
Analysis based on 9 articles · First reported Mar 07, 2026 · Last updated Mar 08, 2026
The report from the Nigeria===Nigerian Electricity Regulatory Commission (NERC) provides transparency into the financial performance of electricity distribution companies in Nigeria. Improved collection and billing efficiencies, particularly by Eko DisCo and Abuja Electricity Distribution Company, suggest a positive trend for the Nigerian Electricity Supply Industry's liquidity and service delivery, potentially attracting further investment.
The Nigeria===Nigerian Electricity Regulatory Commission (NERC) released its December 2025 commercial performance factsheet, detailing the revenue collection and operational efficiency of the 11 electricity distribution companies (DisCos) in Nigeria. The DisCos collectively collected N207.49 billion from N258.66 billion billed to customers, resulting in a collection efficiency of 80.22%. This represents a marginal decline of 0.02% in revenue compared to November 2025, despite an improvement in collection efficiency from 77.49%. The total value of energy received by DisCos was N309.65 billion, with N258.66 billion successfully billed, indicating a billing efficiency of 83.53%. The industry's revenue recovery efficiency stood at 79.62%, with an actual average revenue of N98.97 per kilowatt-hour against an allowed tariff of N124.30. Eko DisCo recorded the highest revenue recovery at 99.45%, while Jos Electricity Distribution Company had the lowest collection efficiency at 42.92%. Data for Kaduna Electricity Distribution Company was unavailable due to a system upgrade.
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