NERC: DisCos revenue falls to N196 billion in February 2026

Electricity distribution companies (DisCos) in Nigeria generated a total of N196 billion in revenue in February 2026, according to the Nigerian Electricity Regulatory Commission (NERC).

The figure was disclosed in the commission’s latest Commercial Performance of DisCos fact sheet for the month.

The report shows a slight decline in revenue performance compared to the previous month, alongside mixed operational and collection outcomes across the power sector.

NERC data indicates that DisCos recorded lower revenue and billing levels in February compared to January, although collection efficiency remained relatively strong.

The data suggests that while revenue declined, DisCos were still able to recover a significant portion of billed amounts.

Energy supply also declined during the period, with DisCos receiving 277.09 billion kilowatt-hours (kWh) in February, down from 336.43 billion kWh in January.

The report shows variations in operational and financial performance across Nigeria’s electricity distribution companies, with efficiency levels differing significantly by region.

At the company level, performance remained uneven across the DisCos:

The disparities highlight ongoing structural and operational challenges in Nigeria’s electricity distribution network, particularly in revenue collection and service delivery efficiency.

President Bola Ahmed Tinubu, in June 2023, assented to the Electricity Act 2023, a landmark legislation originally passed by the National Assembly in July 2022.

The latest NERC data reflects a power sector still grappling with revenue efficiency gaps despite relatively strong collection performance in some regions.

In October 2025, the Federal Government approved the disbursement of N28 billion to electricity distribution companies under the Meter Acquisition Fund (MAF) Tranche B scheme for the procurement and installation of prepaid meters.