Nigeria’s electricity distribution sector recorded a strong financial performance in the first four months of 2026, with Electricity Distribution Companies (DisCos) collecting a combined N801.16 billion from customers between January and April, according to data from the Nigerian Electricity Regulatory Commission (NERC).
BusinessDay’s analysis showed that the amount represented a six percent increase compared with the revenue collected during the corresponding period in 2025, suggesting that wider adoption of electricity meters is improving collections, according to industry analysts.
NERC’s commercial performance factsheets showed that the 11 electricity distribution companies generated N204.74 billion in January, N196.68 billion in February, N196.13 billion in March and N203.61 billion in April, bringing total collections for the four-month period to N801.16 billion.
The regulator reported that the DisCos issued electricity bills worth N1.01 trillion over the same period, but recovered only N801.16 billion, leaving an outstanding balance of N207.77 billion.
According to NERC’s latest factsheet,
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