DisCos’ revenue hit N509.84bn in Q4 2024 – NERC
By Constance Athekame
The Nigerian Electricity Regulatory Commission (NERC) on Tuesday announced that Electricity Distribution Companies (DisCos) collected N509.84 billion in the fourth quarter of 2024 out of the N658.40 billion billed to customers.
This was disclosed in NERC’s 2024 Fourth Quarter Report.
According to the report, this translates to a collection efficiency of 77.44 per cent.
“In comparison, DisCos collected N466.69 billion in the third quarter of 2024 from the N626.02 billion billed, resulting in a 74.55 per cent collection efficiency.”
It said that the 77.44 per cent efficiency recorded in the fourth quarter of 2024 represented an increase of 2.89 percentage points compared to the 74.55 per cent of the third quarter of the same year.
“Eko DisCo recorded the highest collection efficiency at 90 per cent, followed by Ikeja DisCo at 82.63 per cent, maintaining their top positions from the third quarter of the period under review.
“In contrast, Jos DisCo recorded the lowest collection efficiency at 49.68 per cent,” the report said.
According to the report, comparison of DisCos’ performance shows that eight DisCos improved their collection efficiency between the third and fourth quarters of the period under review, with Yola and Kano DisCos recording the most significant improvements.
It, however, said the remaining three DisCos saw declines in collection efficiency, with Jos and Abuja DisCos experiencing the most significant drops over the period. (NAN)(www.nannews.ng).
Edited by Kevin Okunzuwa
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