Discos Earn N207bn Despite Power Outages in Nigeria

In December 2025, Nigerian electricity distribution companies (Discos) generated N207.49 billion in revenue, despite facing persistent nationwide power outages and a decline in energy supply. According to a factsheet released by the Nigerian Electricity Regulatory Commission (NERC), the total energy received by the Discos fell to N309.65 billion, marking a 9.53% decline compared to the previous month.

However, the Discos maintained a strong revenue collection efficiency of 80.22%, successfully collecting four-fifths of the electricity bills issued during this period. Eko Disco exhibited the highest revenue recovery efficiency at 99.45%, while Jo Disco recorded the weakest performance at 40.67%.

The average tariff approved stood at N124.30 per kilowatt-hour, while the actual average revenue collected was N98.97 per kWh. The report highlights the paradox of Nigeria's power sector, where consumers continue to experience erratic supply and frequent blackouts, yet the Discos manage to maintain robust revenue inflows.