Abuja, March 25, 2025 – Electricity Distribution Companies in Nigeria collected ₦509.84 billion revenue from customers from the ₦658.40 billion billing in the fourth quarter of 2024.
The Nigerian Electricity Regulatory Commission (NERC) disclosed this in its 2024 Fourth Quarter Report published on its website.
The report said the revenue collection translated to a collection efficiency rate of 77.44 per cent.
NERC said the DisCos collected ₦466.69 billion in the third quarter of 2024 from the ₦626.02 billion billed, resulting in a 74.55 per cent collection efficiency rate
“Eko DisCo recorded the highest collection efficiency at 90 per cent, followed by Ikeja DisCo at 82.63 per cent, maintaining their top positions from Q3 2024.
“In contrast, Jos DisCo recorded the lowest collection efficiency at 49.68 per cent,” the report said.
