Nigeria’s 11 electricity distribution companies (DisCos) generated N207.49 billion in combined revenue in December 2025, the latest factsheet by the Nigerian Electricity Regulatory Commission (NERC) has shown.
The December 2025 document released by the regulator on Friday highlighted how Nigeria’s DisCos performed in billing, collection, and revenue recovery during the period.
NERC said a total of N207.49 billion was collected by all DisCos in December 2025, out of the N258.66 billion billed to customers, achieving an 80.22 per cent collection efficiency.
It said DisCos received N309.65 billion in energy, with N258.66 billion billed to customers, representing an 83.53 per cent billing efficiency, a 4.82 percentage point increase from November.
Revenue performance
The report shows that DisCos saw a significant boost in revenue recovery, with the actual average collection rising to N98.97 per kWh, reflecting a 9.85 per cent increase. While the recovery efficiency stood at 79.62 per cent, up 7.14 percentage points from the previous month.
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Despite this progress, there’s still a gap between the allowed average tariff of N124.30/kWh and what’s actually collected.
According to NERC, Eko DisCo recorded the strongest revenue recovery performance at 99.45 per cent, reflecting a near full recovery of allowed revenues.
“Yola (87.89 per cent), Ikeja (85.32 per cent), and Abuja (84.43 per cent) also delivered strong recovery performance. Benin (71.36 per cent), Ibadan (73.19 per cent), Enugu (73.50 per cent), and Port Harcourt (79.29 per cent) recorded moderate recovery levels.”
“These figures give a clear picture of how effectively DisCos are billing, collecting, and recovering revenue, key indicators for strengthening liquidity and improving service delivery across the Nigerian Electricity Supply Industry (NESI),” it said.
