The Nigerian Electricity Regulatory Commission reported that Electricity Distribution Companies collected N509.84 billion out of the N658.40 billion billed in Q4 2024.
This represents a collection efficiency of 77.44%, an improvement from the previous quarter.
This was disclosed in NERC’s 2024 Fourth Quarter Report, published on its website in Abuja on Tuesday.
The Q4 2024 report shows that DisCos improved their collection efficiency by 2.89 percentage points compared to Q3 2024, rising from 74.55% to 77.44%. Collections increased from N466.69 billion to N509.84 billion, reflecting better revenue recovery efforts.
Eko DisCo led with the highest collection efficiency at 90%, followed by Ikeja DisCo at 82.63%, maintaining their top positions from Q3 2024.
Jos DisCo recorded the lowest efficiency at 49.68%, highlighting ongoing revenue collection challenges.
Eight DisCos improved their collection efficiency between Q3 and Q4 2024, with Yola and Kano DisCos achieving the most significant gains, according to NERC’s report.
While eight DisCos improved their collection efficiency, three saw declines, with Jos and Abuja DisCos experiencing the sharpest drops, according to NERC’s report.
NERC attributed the overall improvement in collection efficiency to enhanced metering initiatives, stricter enforcement by some DisCos, and increased customer compliance due to regulatory measures.
Despite improvements, NERC noted that non-payment and energy theft remain major challenges, particularly in areas with lower collection rates. The commission reaffirmed its commitment to using sanctions and incentives to enhance performance in 2025.
