Nigeria’s power distribution companies (DisCos) recorded N208.78 billion in revenue in November 2025, according to the Nigerian Electricity Regulatory Commission (NERC). The figure marks a 1.01% decline from N210.92 billion in October 2025, highlighting persistent challenges in revenue recovery despite higher customer billing.
NERC’s “DisCos commercial performance fact sheet” shows that the revenue came after DisCos issued customer bills totaling N269.43 billion during the month. This represents a 5.58% increase in billing from October’s N255.19 billion, reflecting expanded billing coverage and increased energy sales.
However, collection efficiency slipped to 77.49% in November from 82.66% in October, indicating that a smaller portion of billed amounts was successfully collected. The regulator attributed the decline to payment delays, customer defaults, and metering gaps.
Additionally, NERC reported a rise in the total value of energy received by DisCos, which climbed to N342.29 billion in November — a 12.65% increase from N303.85 billion in October.
The report underscores the ongoing need for improved revenue collection mechanisms and enhanced operational efficiency to strengthen the financial sustainability of Nigeria’s power distribution sector.
