Nigeria DisCos Revenue Drops to N196bn in February 2026 Amid Power Supply Decline
Nigeria’s electricity distribution companies (DisCos) recorded a total revenue of N196 billion in February 2026, reflecting a slight dip from the previous month, according to the Nigerian Electricity Regulatory Commission (NERC). The figure, published in the commission’s latest commercial performance report, signals ongoing fluctuations within the country’s power sector.
The report shows that revenue fell from N204.74 billion in January to N196 billion in February, alongside a decline in total customer billing. Billing dropped to N242.29 billion from N268.20 billion, representing a 9.66% month-on-month decrease. Despite the drop, collection efficiency remained relatively stable at 81.17%, indicating that DisCos still recovered a significant portion of what was billed.
Electricity supply also saw a noticeable reduction during the period. DisCos received 277.09 billion kilowatt-hours (kWh) in February, down from 336.43 billion kWh recorded in January. This decline in supply likely contributed to lower billing and overall revenue performance, further highlighting the fragile balance between energy generation, distribution, and revenue collection in Nigeria.
Performance across the various distribution companies remained uneven. Eko DisCo led with an impressive recovery efficiency of 100.67%, followed by Abuja DisCo at 95.13%, while Ikeja DisCo posted 85.83%. On the lower end, Kaduna DisCo recorded just 41.20% efficiency, with Ibadan and Jos DisCos also lagging behind. These disparities point to persistent operational and structural challenges affecting service delivery and revenue collection nationwide.
The broader outlook of Nigeria’s electricity sector continues to evolve following the enactment of the Electricity Act 2023, signed by President Bola Ahmed Tinubu. The law decentralizes the power sector, allowing states and private players to participate more actively in electricity generation and distribution. While reforms aim to boost efficiency and investment, the latest NERC data underscores that significant gaps in revenue recovery and infrastructure performance still need to be addressed.
source: nairametrics