NISO Threatens Sanctions Over N1.5tn DisCos Debt
The Nigeria Independent System Operator (NISO) announced potential sanctions against electricity distribution companies (DisCos) due to over N1.5 trillion in unpaid debts to Nigeria's electricity market. This decision came after a four-day hearing from September 1 to September 4, where NISO assessed the DisCos' repayment proposals for their outstanding obligations.
NISO deemed some of these plans unacceptable, citing the significant size and age of the debts. The hearing aimed to evaluate the accumulated liabilities of the DisCos, which have been under financial strain.
As of September 25, 2025, the combined liabilities of the 11 DisCos had risen to approximately N1.3 trillion, up from N1 trillion at the end of 2024, primarily due to accrued interest and ongoing payment defaults. Among the DisCos, the highest liability was recorded by one company at N303.81 billion, followed by Abuja DisCo at N275.17 billion, and others with varying amounts.
This situation reflects a long-standing debt crisis impacting Nigeria's electricity market.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
Read full article
Continue on Legit.ng
Enjoy this article?
Get the weekly Nigerian roundup — top stories, NPFL, naira. One email, Sunday morning.
Related Stories
NISO Rejects DisCos' Debt Proposals, Warns of Sanctions
NISO Demands Action from DisCos on Outstanding Debts
Reps Urge DisCos to Settle Market Obligations Urgently
DisCos Uncollected Charges Hit N669.49 Billion in 2025
Reps Urge DisCos to Settle Outstanding Market Debts
DisCos Lose N2.47 Trillion to Unbilled Electricity (2020-2025)
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
