DisCos collect N1.63tn in eight months, miss N387bn

Between January and August 2026, Nigeria's 11 electricity distribution companies, or DisCos, collected a total of N1.63tn from customers but only managed to recover N220.93bn out of the N261.10bn billed, leaving N40.17bn in outstanding bills. Despite fluctuating monthly figures, the overall collections showed an improvement, reaching a peak of N220.93bn in August, a 7.49 per cent increase from July and the highest monthly collection in the eight-month period.

This increase in collections was due to a rise in collection efficiency to 84.62 per cent from 81.95 per cent in July. However, the performance of the DisCos varied significantly across the country, with the highest recovery efficiency recorded by Eko Electricity Distribution Company at 96.29 per cent and the lowest by Kaduna Distribution Company at 41.90 per cent.

This uneven distribution highlights the ongoing challenge of converting electricity sales into cash.