- The Nigerian Electricity Regulatory Commission said electricity distribution companies collected N509.84 billion from customers in the fourth quarter of 2024
- The collected amount represents 77.44 per cent collection efficiency
- NERC said Eko DisCo and Jos DisCo recorded the highest and lowest collection efficiency, respectively
The Nigerian Electricity Regulatory Commission disclosed that electricity distribution companies (DisCos) collected N509.84 billion in the fourth quarter (Q4) of 2024 out of the N658.40 billion billed to customers.
According to NERC’s 2024 Fourth Quarter Report, published on its website on Tuesday, March 25, this translates to 77.44 per cent collection efficiency.
It said the 77.44 per cent efficiency recorded in Q4 2024 represented a 2.89 per cent increase compared to the 74.55 per cent collection efficiency recorded in the third quarter of 2024.
“In comparison, DisCos collected N466.69 billion in the third quarter of 2024 (Q3 2024) from the N626.02 billion billed, resulting in a 74.55 per cent collection efficiency,” the NERC stated.
DisCos with highest and lowest collection efficiencies
The report further stated that Eko DisCo and Jos DisCo recorded the highest and lowest collection efficiency, respectively.
“Eko DisCo recorded the highest collection efficiency at 90 per cent, followed by Ikeja DisCo at 82.63 per cent, maintaining their top positions from Q3 2024.
“In contrast, Jos DisCo recorded the lowest collection efficiency at 49.68 per cent,” the report said.
The report also showed that eight DisCos improved their collection efficiency between Q3 and Q4 of 2024, with Yola and Kano DisCos recording the most significant improvements.
It, however, said the remaining three DisCos saw declines in collection efficiency, with Jos and Abuja DisCos experiencing the most significant drops over the period.
Increased bill collection efficiency rate pushes DisCos’ revenue to N168.7bn in August
Meanwhile, TheRadar earlier reported that the Nigeria Electricity Regulatory Commission (NERC) says electricity distribution companies (DisCos) in Nigeria received a combined revenue of N168.7 billion in August 2024.
According to a fact sheet released by the NERC for August 2024, DisCos billed customers a total of N208.5 billion, while N168.7 billion was received, which represents a collection efficiency rate of 80.91 per cent.
