Nigerian Discos Set to Exceed N2 Trillion Revenue Mark by Year-End
Nigerian Discos, particularly Abuja Electricity Distribution Company (Disco), are poised to surpass a revenue milestone of N2 trillion by the end of 2025, having already collected N1.51 trillion in the first 8 months. This significant increase in revenue, as reported by the Nigerian Electricity Regulatory Commission (NERC), reflects a turnaround in the financial performance of the power distribution segment.
The improved revenue collection is primarily driven by adjustments in electricity tariffs, especially for customers receiving a minimum of 20 hours of power supply daily. Despite past struggles with weak collections and debts, recent data indicates a positive shift in the financial flow within the electricity value chain.
Key entities involved in the sector include Transmission Company of Nigeria (TCN) and Generation Companies (GenCos).
Plus234Feed summary based on reporting from This Day. Read the original report below.
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