Nigerian Discos Show Efficiency Gains Amid Revenue Drop

In February 2026, Nigerian electricity distribution companies (Discos) reported a paradoxical performance, showing improved efficiency metrics despite a revenue slump. The Nigerian Electricity Regulatory Commission released a factsheet indicating that total energy received by Discos rose to ₦277.09 billion, a 17.64% increase from January 2026.

However, the total bill collection dropped to ₦196.68 billion, reflecting a 3.94% decline. The bill collection efficiency improved to 87.44%, up by 7.72 percentage points from the previous month.

The average tariff increased to ₦100.27 per kilowatt-hour, a 16.64% improvement compared to January. Eko Disco achieved the highest bill collection efficiency at 94.12%, while Kaduna Disco recorded the lowest at 49.27%.

The report underscores that despite operational improvements, significant gaps remain in revenue realization across the industry, highlighting ongoing challenges in Nigeria's power sector.