Nigeria’s eleven electricity distribution companies lost N159.37 billion in unbilled and uncollected revenue in the first three months of 2026, according to monthly performance data published by the Nigerian Electricity Regulatory Commission, a figure that lays bare the widening commercial dysfunction at the foundation of the country’s power sector.
The losses, calculated as the gap between energy received by the DisCos and revenue they actually collected, unfolded across January, February and March.
Total energy received in January was N336.43 billion, against revenue collected of N204.74 billion, a shortfall of N131.69 billion in a single month.
In February, the gap narrowed slightly to N80.41 billion, and in March it widened again, with N196.13 billion collected against N293.76 billion of energy received, leaving another N97.63 billion on the table.
Across the quarter, the DisCos collectively received N907.28 billion worth of electricity and recovered N597.55 billion, a system-wide recovery rate that averaged just
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