Nigeria’s DisCos Collect N600bn in Q1 2026 Despite Persistent Blackouts

Electricity distribution companies in Nigeria raked in nearly N600bn from consumers between January and March 2026, according to the Nigerian Electricity Regulatory Commission. DisCos recorded N204.74bn in January, N196.68bn in February and N196.13bn in March, averaging N199.18bn per month. Billing efficiencies varied across the 11 operators. January’s collection rate was 76.34%, rising to 81.17% in February before dipping to 79.59% in March. Unbilled energy and shortfalls in Kaduna and Jos DisCos highlighted ongoing revenue challenges, while Eko and Ikeja DisCos led recovery efforts. The data comes amid a deepening power crisis driven by gas shortages, which forced generation down from around 4,000 MW to below 2,000 MW at times. Stakeholders are urging improved metering, tighter anti-theft measures and better customer service to boost collection and service delivery.

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