DisCos Efficiency Dip To 79.36% of Q4 Bills Amid Higher Revenue Collection

Electricity Distribution Companies (DisCos) posted higher revenue of N630.93 billion in the fourth quarter of 2025, but collection efficiency dipped to 79.36 per cent from N795.06 billion billed to customers, the Nigerian Electricity Regulatory Commission (NERC) has reported.

The figure reflects a 1.35 percentage point decline from Q3 2025, when DisCos collected N570.25 billion out of N706.61 billion billed, achieving 80.70 per cent efficiency.

NERC’s Q4 2025 report showed that Ikeja DisCo led with 91.66 per cent collection efficiency, followed by Eko (90.34 per cent), Benin (84.72 per cent), Abuja (83.11 per cent), and Port Harcourt (80.67 per cent). Kaduna DisCo recorded the lowest at 41.83 per cent.

Five DisCos improved their collection rates from Q3 to Q4: Yola (+8.72 percentage points), Ibadan (+2.43pp), Eko (+1.60pp), Abuja (+1.51pp), and Port Harcourt (+1.37pp).

However, Ikeja saw the sharpest decline (-8.72pp), with the other six DisCos also posting reductions.
On billing, DisCos achieved 82.03 per cent efficiency in Q4, down 0.66 percentage points from 82.69 per cent in Q3.

Total energy supplied was valued at N969.19 billion, but only N795.06 billion was billed, resulting in N174.12 billion in losses—mainly from commercial issues like energy theft, poor accounting, and billing below weighted average tariffs.

Eko DisCo topped billing efficiency at 94.98 per cent, while Yola lagged at 62.84 per cent.

NERC’s data underscores ongoing challenges in revenue recovery and energy metering across the sector