Nigerian DisCos Face N129.07bn Revenue Loss in Q2 2026

In the second quarter of 2026, all 11 electricity distribution companies (DisCos) in Nigeria failed to meet their loss reduction targets, leading to an estimated revenue loss of N129.07 billion, as reported by the Nigerian Electricity Regulatory Commission (NERC). The NERC's Second Quarter 2026 report indicated that the DisCos collected N603.64 billion out of N744.67 billion billed, achieving a collection efficiency of 81.06 percent, an increase from 78.95 percent in the first quarter.

The highest collection efficiency was recorded by Benin at 92.68 percent, while the lowest was by Kano at 47.74 percent. The combined aggregate technical, commercial, and collection (ATC&C) loss was 36.23 percent, significantly above the 16.92 percent target.

The report highlighted that excess losses cannot be passed on to customers and may jeopardize the financial stability of the DisCos. The gap between actual losses and targets narrowed from 20.52 percentage points to 19.31, reducing the revenue loss by approximately N11.57 billion compared to the first quarter.