Nigerian Discos Revenue Surges Over N600bn in 2025

Nigerian electricity distribution companies (Discos) experienced a revenue increase of over N600 billion, totaling N2.31 trillion in 2025, compared to N1.7 trillion in 2024 and N1 trillion in 2023. This growth occurred despite a decline in operational performance across the power value chain, raising concerns about service delivery and consumer payment disconnection.

The Nigerian Electricity Regulatory Commission (NERC) reported that the total electricity bill for 2025 was N3.025 trillion, with a collection efficiency of 77.38%, leaving an outstanding revenue of N684.41 billion. The quarterly breakdown showed that Disco collections rose from N559.32 billion in the first quarter to N621.19 billion in the fourth quarter, although December saw a slight dip.

The report highlighted a drop in average generation capacity from grid-connected power plants, which fell to 5,430.34 megawatts in the fourth quarter. The average plant availability factor was 39.64%, indicating ongoing technical challenges within the sector.