• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, July 30, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

EKEDC Improves Revenue Collection, Records Lowest Losses

by Chika Izuora
1 year ago
in Business
EKEDC
Share on WhatsAppShare on FacebookShare on XTelegram

Eko Electricity Distribution Company (EKEDC), has said it recorded the lowest Aggregated Technical, Commercial, and Collection losses (ATC&C) in the history of the company.

Advertisement

The “Technical” losses refer to electricity that is lost through the distribution system due to things like old or inefficient power lines and equipment. This is energy that never reaches the customers. “Commercial” losses happen when customers steal electricity, for example by tampering with their electricity meters to make it appear they are using less than they are. This is essentially electricity theft.

Disclosing this in a letter addressed to the chairman of the company, the acting chief executive officer of the company, Rekhiat Momoh, said the impressive performance showed that EKEDC’s ATC&C reduced to 10.51 per cent in March 2024 from 30.87 per cent recorded in the previous month of February.

According to her, “This monumental achievement is not just about numbers. It symbolises our team’s readiness and resolve to ensure improved performance. Looking ahead, we are using this momentum to propel us further. We will continue to challenge ourselves, push boundaries, and strive for greater heights.”

Commending the feat, an energy expert, Emmanuel Okoh said the achievement was as a result of good leadership of Momoh, acting managing director of the company after the removal of Tinuade Sanda, the immediate past managing director. He said the month of March was historic for EKEDC as the company billed an impressive 15.8billion and achieved a collection of N15.7 billion, which represents a collection efficiency of 99 per cent.

RELATED

From Policy To Practice: Interrogating NASENI, BPP Partnership On “Nigeria First Movement”

From Policy To Practice: Interrogating NASENI, BPP Partnership On “Nigeria First Movement”

4 minutes ago
IMF Approves $941m Loan To Alleviate Kenya’s Financial Struggles

IMF Raises Nigeria’s 2025 Economic Growth Projection To 3.4%

42 minutes ago

He said while this has shown collaborative spirit and dedication to excellence in the team’s collective resolve and commitment to excellence, it also symbolises readiness and readiness to ensure improved performance.

He said, “Collection” losses occur when the DISCO is unable to fully collect payment from customers for the electricity they have used. Customers may not pay their bills for various reasons. Reducing these ATC&C losses is crucial for DISCOs to become more financially viable and provide reliable, affordable electricity to customers.

Industry experts estimate that ATC&C losses in Nigeria range from 29-59 per cent – much higher than the 10 per cent seen in developed countries.

“To address this, DISCOs are trying strategies like installing smart meters to better monitor usage and prevent theft. They are also working to improve billing and collection processes. Ultimately, tackling ATC&C losses is key to improving the overall performance and sustainability of Nigeria’s power sector.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: EKEDC
SendShareTweetShare
Previous Post

Nnadozie Shortlisted For Best Goalkeeper Award In France

Next Post

NDDC No Longer A Transactional Agency, Say N’Delta Stakeholders

Chika Izuora

Chika Izuora

You May Like

From Policy To Practice: Interrogating NASENI, BPP Partnership On “Nigeria First Movement”
Business

From Policy To Practice: Interrogating NASENI, BPP Partnership On “Nigeria First Movement”

2025/07/30
IMF Approves $941m Loan To Alleviate Kenya’s Financial Struggles
Business

IMF Raises Nigeria’s 2025 Economic Growth Projection To 3.4%

2025/07/30
Dangote Cement
Business

Dangote Cement Grows Nigeria’s Exports By 18.2%, Records N520.5bn Net Profit

2025/07/29
Dropped Luggage: Foreign, Local Airlines Must Pay $170, N10,000 Compensation, Says NCAA
Business

Dropped Luggage: Foreign, Local Airlines Must Pay $170, N10,000 Compensation, Says NCAA

2025/07/29
Large-cap Stock Drives Local Bourse To N180bn Gains
Business

Stock Market Opens Week Bullish With N400bn Gain

2025/07/29
MONEY MARKET: Assessing MPC’s Interest Rate Hike To Address Inflation
Business

Inflation: MAN Demands Interest Rate Cut

2025/07/29
Leadership Conference advertisement

LATEST

Two Years Of Renewed Hope Initiative: Benue Feels Impact

From Policy To Practice: Interrogating NASENI, BPP Partnership On “Nigeria First Movement”

NSGF Chairman Inuwa Yahaya Speaks On President Tinubu’s Delivery On Electoral Promises, Economic Reforms At Kaduna Summit

Malnutrition: MSF Urges Action As Child Death Rises In Northern Nigeria

‎‎Lassa Fever: NCDC Confirms 11 New Cases In 3 States

Pharmacists Chart New Course With Digital Health, Personalised Care

FG Launches ‘Project 365’ To Tackle Hepatitis Burden

Paediatric HIV Crisis Persists As Gaps Undermine Progress

Niger To Check Discrimination Against Rescued Pregnant Women

UNICEF Appoints Abdelatef As New Representative In Nigeria

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.