Electricity distribution companies (DisCos) in Nigeria collected a total of N1.13 trillion in revenue from customers over the six-month period covering the second and third quarters of 2025 (April to September), according to monthly performance data released by the Nigerian Electricity Regulatory Commission (NERC).
The revenue figures were reported despite frequent complaints from consumers about low power supply and recurring blackouts across the country.
During the period, the national grid experienced a near-total collapse, leaving many households and businesses without electricity. Power generation companies (GenCos) also reported reduced output due to low gas supply to plants, attributed to unpaid debts.
According to NERC’s report on monthly revenue and collection efficiency for all 11 DisCos, the total revenue collected in Q3 2025 amounted to N570.25 billion from N706.61 billion billed, representing a collection efficiency of 80.70%. In Q2, the total revenue collected was N564.71 billion from N742.34 billion, or a 76.07% collection efficiency.
Combined, these figures indicate that consumers paid N1.13 trillion in electricity bills over the six months, reflecting a 4.63 percentage point improvement in collection efficiency from Q2 to Q3.
Among the DisCos, Ikeja recorded the highest collection efficiency at 100%, followed by Eko (88.74%), Benin (86.44%), and Abuja (81.60%). Kaduna DisCo recorded the lowest efficiency at 45.67%.
Comparing quarter-on-quarter performance, Ikeja (+17.58 pp), Port Harcourt (+8.83 pp), Yola (+8.72 pp), Abuja (+5.24 pp), Jos (+4.90 pp), Eko (+0.94 pp), and Benin (+0.89 pp) showed improvements in collection efficiency. In contrast, Kaduna (-2.70 pp) and Ibadan (-1.34 pp) recorded the largest declines.
Monthly collections in Q2 2025 totaled N564.67 billion: April (N197.08 billion), May (N188.70 billion), and June (N178.89 billion). In Q3, revenue increased slightly to N570.28 billion, with July (N190.52 billion), August (N187.47 billion), and September (N192.29 billion), the latter marking the highest monthly collection during the six months.
The report highlights ongoing efforts by DisCos to boost revenue recovery amid challenges such as estimated billing, energy theft, and ageing infrastructure. It noted that urban-based DisCos like Ikeja exceeded 100% efficiency, partly due to legacy recoveries, while northern DisCos, including Kaduna, Jos, and Kano, lagged behind.
NERC observed that collection efficiency often improves when DisCos reduce energy offtake, focusing on areas with historically low efficiency. The commission stressed the importance of accurate metering, noting that customer enumeration and installation of end-use meters remain key to improving revenue collection.
As part of these efforts, Tranche A of the Meter Acquisition Fund (MAF), operationalised in Q2 2024, facilitated the installation of 107,461 meters for Band A customers by June 2025. Tranche B, launched in September 2025, allows DisCos to use N28 billion to meter Band A and B customers within their franchise areas.
