July 7, 2025
Nigeria’s electricity distribution companies (DisCos) posted their highest quarterly revenue since the sector was privatised in 2013, raking in a record sum during the first quarter of 2025. This development comes despite growing public frustration over erratic electricity supply nationwide.
According to industry data from the Nigerian Electricity Regulatory Commission (NERC), the DisCos collectively generated over ₦294 billion in Q1 2025, marking a significant increase from previous quarters. This revenue milestone is attributed to the recent upward tariff review, increased billing efficiency, and improved collections in both the residential and commercial segments.
However, the revenue jump has stirred controversy among consumers and energy analysts, given the widening gap between billing and actual power supply. Many Nigerians continue to endure long hours of blackout, with minimal improvements in service delivery across several regions.
Energy experts note that the surge in revenue is largely due to a cost-reflective tariff regime implemented earlier in the year, which raised electricity costs for higher consumption bands. The DisCos have also intensified efforts to recover debts and curb energy theft.
Despite the revenue growth, stakeholders continue to demand better accountability and urgent investments in infrastructure, metering, and grid stability to ensure Nigerians receive value for the cost they bear.
The Federal Government has reiterated its commitment to reforming the power sector, promising stricter regulatory oversight to hold operators accountable and incentivise improved service delivery.