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Oluwafemi Awodele
3 days ago
Overview
Revenues accruing to electricity Distribution Companies (Discos) in Nigeria rose by 92 per cent in the first quarter of 2025, compared to the same period of last year, a THISDAY analysis of data from the Nigerian Electricity Regulatory Commission (NERC) has shown.
Whereas in Q1 of 2024, the 12 power distribution firms in the country generated a revenue of N291 billion, however, in Q1 of 2025, the companies raked in a whopping N560 billion, mainly attributable to the increase in tariffs paid by ‘Band A’ customers as well as efforts to raise the penetration of meters nationwide.
The Discos include: Abuja, Benin, Eko, Enugu, Ibadan, Ikeja, Jos, Kaduna, Kano, Port Harcourt, Yola and recently Aba distribution company.
In all, in January this year, the Discos generated N178.68 billion; got N191.75 billion in February and collected N188.89 billion in March this year, to hit about N560 billion, according to the NERC data.
