The Nigerian Electricity Regulatory Commission (NERC), has said that electricity distribution companies in the country collected ₦509.84 billion in 2024/Q4 was ₦509.84 billion out of the ₦658.40 billion that was billed to customers.
Revealing this in its document titled: “Quarterly Report 2024″, NERC also said the development translated to a collection efficiency of 77.44%.
According to the Commission, the total revenue collected by all DisCos in 2024/Q3 was ₦466.69 billion out of the ₦626.02 billion billed to customers, which translated to a 74.55% collection efficiency.
It added that the 77.44% collection efficiency recorded in 2024/Q4 is +2.89pp higher than the collection efficiency recorded in 2024/Q3 (74.55%).
Eko (90.00%) and Ikeja (82.63%) DisCos recorded the highest collection efficiencies in 2024/Q4 similar to the trend observed in 2024/Q3, the report revealed.
Jos DisCo recorded the lowest collection efficiency at 49.68%, the report said.
It further noted that a comparison of DisCos performance shows that eight DisCos recorded improvements in collection efficiency between 2024/Q3 and 2024/Q4, with Yola (+13.93pp) and Kano (+9.88pp) recording the greatest improvements.
It said: “The remaining three DisCos recorded declines in collection efficiency with Jos (-3.61pp) and Abuja (-3.39pp) DisCos having the most significant declines over the period.”
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