April 15, (THEWILL) — Nigeria’s electricity distribution companies (DisCos) recorded a billing efficiency of 82.03 percent in the fourth quarter of 2025, even as the sector incurred a revenue shortfall of N174.12 billion, according to the latest report by the Nigerian Electricity Regulatory Commission (NERC).
The figures underscore persistent inefficiencies in the country’s power distribution chain, where a substantial portion of electricity supplied fails to translate into actual revenue.
This continues to reflect deep-rooted structural and commercial challenges affecting the financial health of the sector.
Data from NERC shows that the total value of energy supplied by all DisCos in Q4 2025 stood at N969.19 billion, while the amount successfully billed to customers was N795.06 billion, resulting in the 82.03 percent billing efficiency.
This marks a slight decline compared to the third quarter of 2025, when billing efficiency was recorded at 82.69 percent .
In Q3 2025, DisCos supplied electricity worth N854.53 billion and billed N706.61 billion. The quarter-on-quarter comparison indicates a 0.66 percentage point drop in billing efficiency.
The N174.12 billion billing gap recorded in Q4 highlights the scale of commercial losses within the system, driven by factors such as energy theft, metering gaps, and collection inefficiencies.
Nigeria’s power distribution segment has long grappled with these issues, which continue to constrain revenue generation, limit cost recovery, and hinder critical investments in infrastructure needed to improve electricity supply and service delivery.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
