Electricity distribution firms (DisCos) in Nigeria collected a total of N196 billion in income in February 2026, according to the Nigerian Electricity Regulatory Commission (NERC).
The data was released in the commission’s latest Commercial Performance of DisCos fact sheet for the month.
The study reveals a modest reduction in revenue performance compared to the previous month, plus variable operational and collection outcomes across the electricity sector.
What the report is saying NERC data reveals that DisCos experienced decreased revenue and billing levels in February compared to January, although collection efficiency remained reasonably robust.
In February, DisCos collected N196 billion, compared to N204.74 billion in January.
According to NERC, overall billing was N242.29 billion as opposed to N268.20 billion in January.
This indicates a month-over-month decrease in client billing of 9.66%.
In February, the collection efficiency was 81.17%.
According to the data, DisCos were nevertheless able to recover a sizable share of billed amounts even though income decreased.
Energy supply also fell throughout the time, with DisCos getting 277.09 billion kilowatt-hours (kWh) in February, down from 336.43 billion kWh in January.
The National Assembly enacted the historic Electricity Act 2023 in July 2022, and President Bola Ahmed Tinubu signed it into law in June 2023.
The Electric Power Sector Reform Act of 2005 is replaced by the new Act, which also establishes a thorough framework to direct the Nigerian Electricity Supply Industry's (NESI) post-privatization phase. Additionally, it is intended to draw more private sector investment into the power industry.
The law's removal of electricity from the Exclusive Legislative List, which essentially decentralizes the industry, is one of its main features.
The Electric Power Sector Reform Act of 2005 is replaced by the new Act, which also establishes a thorough framework to direct the Nigerian Electricity Supply Industry's (NESI) post-privatization phase. Additionally, it is intended to draw more private sector investment into the power industry.
The law's removal of electricity from the Exclusive Legislative List, which essentially decentralizes the industry, is one of its main features.
This change breaks the long-standing monopoly at the federal level by enabling state governments, private businesses, and individuals to independently produce, transfer, and distribute power.
By allowing sub national and private engagement in power infrastructure construction, the Act is anticipated to boost competition, enhance service delivery, and increase access to electricity nationwide.
Under the Meter Acquisition Fund (MAF) Tranche B program, the Federal Government authorized the payment of N28 billion to power distribution firms in October 2025 for the purchase and installation of prepaid meters.
| Performer Class | DisCo | Recovery/Collection Efficiency |
| Top Performers | Eko DisCo | 100.67% (Feb 2026) |
| Abuja DisCo | 95.13% | |
| Underperformers | Kaduna DisCo | 41.20% |
| Jos DisCo | 66.29% | |
| Ibadan DisCo | 64.21% |
No comments:
Post a Comment