Nigerian electricity distribution companies (DisCos) faced a significant revenue shortfall in December 2024, with approximately ₦60 billion in uncollected electricity bills, according to the latest fact sheet released by the Nigerian Electricity Regulatory Commission (NERC).
The report reveals that out of a total of ₦238.21 billion worth of electricity distributed to consumers in December 2024, the DisCos were only able to collect a portion of the expected revenue, leaving a ₦60 billion gap.
The persistent collection inefficiencies continue to strain the liquidity of Nigeria’s electricity sector, affecting operations, infrastructure investment, and service delivery. NERC’s data underscores the challenges faced by the DisCos, including billing disputes, meter bypassing, and low customer payment compliance.
The ongoing revenue shortfall highlights the urgent need for improved billing processes, customer sensitization, and stronger enforcement mechanisms to ensure financial sustainability in Nigeria’s electricity supply industry.