… revenue collection improves by 6.56% from January to February 2025

… Kaduna, Aba, Jos DisCos struggle with low collection efficiencies below 65% in early 2025

Oredola Adeola

The electricity distribution companies (DisCos) in Nigeria failed to recover a total of ₦125.71 billion in revenue in January and February 2025, despite issuing electricity bills amounting to ₦496.14 billion during the two months.

This is based on commercial performance data of Distribution Companies for January and February 2025, sourced by Advisors Reports from the database of Nigerian Electricity Regulatory Commission (NERC).

Recall that the Commission had earlier approved the Y2025 ATC&C loss targets for DisCos, effective January 2025.

In the data for January 2025, the DisCos collectively recorded a total revenue of N178.68 billion in January 2025, out of total billings of N250.21 billion, representing a collection efficiency of 71.41 percent, according to the latest industry data.

During the month, Eko Electricity Distribution Company recorded the highest efficiency, achieving a collection efficiency of 85.68 percent. The company billed N42.00 billion and recovered N36.01 billion in revenue.

Enugu DisCo followed closely with a collection efficiency of 79.96 percent, having collected N13.85 billion out of N17.33 billion billed.

Abuja Electric recorded a 76.13 percent efficiency, with a total billing of N32.61 billion and revenue collection of N24.82 billion.

enin DisCo, which achieved 75.43 percent efficiency (N17.53 billion collected from N23.24 billion billed), Ikeja Electric with 74.57 percent efficiency (N32.81 billion collected out of N44.02 billion), and Ibadan DisCo which attained 73.87 percent (N21.84 billion collected from N29.57 billion billed)

On the other end of the spectrum, Kaduna Electric emerged as the poorest performing utility with a collection efficiency of just 39.46 percent, having collected N3.06 billion out of N7.75 billion billed.

Similarly, Aba Power recorded a low collection efficiency of 42.09 percent, after collecting N2.43 billion from a total billing of N5.79 billion, while Jos Electricity Distribution Company also performed below average, with a collection efficiency of 42.99 percent, collecting N4.30 billion from a total billing of N10.02 billion.

However, collection efficiency improved significantly in February 2025, as total billings stood at ₦245.93 billion, with ₦191.75 billion collected, resulting in a collection efficiency of 77.97 percent.

This indicated a month-on-month increase of 6.56 percentage points.

In February 2025, EKEDC recorded one of the highest collection efficiencies, achieving 88.76 percent, billed ₦41.24 billion and recovered ₦36.60 billion in revenue.

Enugu DisCo followed closely with a collection efficiency of 88.47%, having collected ₦15.88 bn out of ₦17.95 bn billed.

Abuja Electric recorded a slightly higher efficiency than Enugu, at 89.03%, with a total billing of ₦35.67 bn and revenue collection of ₦31.76 bn.

Other strong performers included Benin DisCo, which achieved 82.90 % efficiency (₦16.86 billion collected from ₦20.33 billion billed), Ikeja Electric with 80.99 percent efficiency (₦33.35 billion collected out of ₦41.18 billion), and Ibadan DisCo, which attained 71.72 percent (₦19.28 billion collected from ₦26.88 billion billed).

Aba Power recorded the lowest collection efficiency of 53.90 percent, after collecting ₦3.47 billion from a total billing of ₦6.44 billion.

Jos Electricity Distribution Company also performed poorly, with a collection efficiency of 55.79 percent, collecting ₦7.01 billion from ₦12.56 billion billed.

Kaduna Electric showed some improvement but still trailed behind with 64.95 percent efficiency, based on ₦4.50 billion collected from ₦6.93 billion billed.