Discos Receive 78.5% of Energy Billed, Collected N196.13bn Revenue from N246.43 Billion

Nigeria's electricity distribution companies (Discos) managed to collect 78.5% of the energy billed in March, totaling N196.13 billion out of N246.43 billion. Despite a 6.02% increase in energy received, overall payment dropped by N50.3 billion. Ikeja Disco has the highest revenue recovery rate, while Kaduna records the lowest. This situation underscores the ongoing challenges in Nigeria's power sector, highlighting the need for effective collection strategies to improve revenue and ensure reliable electricity supply.