The Nigerian Electricity Regulatory Commission (NERC) yesterday said the 12 electricity distribution companies (DisCos) failed to collect approximately N60 billion in power bills in December 2024.
Thus was contained in the factsheet the commission issued for the month under review.
This significant revenue shortfall raises concerns about the financial health of the sector and its ability to provide reliable electricity to consumers.
The document revealed that while DisCos billed customers a total of N238.21 billion for electricity consumed in December, they only managed to collect N177.96 billion.
This translates to a collection efficiency of just 74.71 per cent, leaving a substantial gap of N60.25 billion uncollected. The data further highlights the varying performance of individual DisCos.
Notably, several DisCos recorded collection efficiencies below the national average, indicating significant challenges in revenue collection.
“This level of revenue loss is unsustainable,” stated Aisha Mohammed, an energy analyst at the Lagos-based Centre for Development Studies.
