NERC Tracks DisCos’ N196bn Revenue amid Energy Shortfall

The Nigerian Electricity Regulatory Commission (NERC) data shows that electricity distribution companies (DisCos) in Nigeria generated $\mathrm{<s\; style="text-line-through:double">N</s>}196$billion in revenue in February 2026, slightly below the $\mathrm{<s\; style="text-line-through:double">N</s>}204.74$billion recorded in January.

Key points

• Total billing fell to $\mathrm{<s\; style="text-line-through:double">N</s>}242.29$billion in February from $\mathrm{<s\; style="text-line-through:double">N</s>}268.20$billion in January, a $9.66\mathrm{\%}$ month-on-month decline.
• Collection efficiency was $81.17\mathrm{\%}$, showing that DisCos recovered a good share of the money billed.
• Energy received by DisCos also dropped to $277$ billion kWh in February from $336$billion kWh in January.
• Average allowed tariff was $\mathrm{<s\; style="text-line-through:double">N</s>}124.30$ per kWh, while the actual average collection rate was $\mathrm{<s\; style="text-line-through:double">N</s>}100.27$ per kWh.
• Overall revenue recovery efficiency stood at $80.67\mathrm{\%}$.

Company performance

Performance varied widely across the DisCos:

• Eko DisCo led with