The total revenue collected by all DisCos in 2025/Q4 was N630.93 billion out of the N795.06 billion that was billed to customers in the fourth quarter of 2025.
According to a report by the Nigerian Electricity Regulatory Commission (NERC), this translates to a collection efficiency of 79.36%.
“In comparison, the total revenue collected by all DisCos in 2025/Q3 was N570.25 billion out of the N706.61 billion billed to customers, which translated to a 80.70% collection efficiency.
This means that at an aggregate level, DisCos recorded a 1.35 per cent decrease in collection efficiency between 2025/Q3 and 2025/Q4.
The report noted that In 2025/Q4, Ikeja DisCo recorded the highest collection efficiency of 91.66% while four other DisCos recorded collection efficiencies greater than 80% (Eko; 90.34%, Benin; 84.72%, Abuja; 83.11% and Port Harcourt; 80.67%).
Conversely, Kaduna DisCo recorded the lowest collection efficiency at 41.83%. A comparison of DisCos’ performance shows that Yola (+8.72pp), Ibadan (+2.43pp), Eko (+1.60pp), Abuja (+1.51pp) and Port Harcourt (+1.37pp) DisCos recorded improvements in collection efficiency between 2025/Q3 and 2025/Q4.
The report added that the federal government incurred a subsidy obligation of N418.79bn, representing a ₦39.96 billion (-8.71%) reduction in subsidy compared to 2025/Q3 (N458.75bn).
The government subsidy accounted for 52.30% of the total GenCo invoice, which is a 6.60pp decrease compared to 2025/Q3, when the subsidy accounted for 58.63% of the total GenCo invoice.”
It added that the key driver of this reduction is the increase in energy allocated to Band A customers from 40% to 45% to reflect the strategic direction of the government to improve the quality of supply to consumers.
For international bilateral customers, it said they made a payment of $10.89m against the cumulative invoice of $20.44m issued by the Market Operator for services rendered in 2025/Q4, translating to a remittance performance of 53.28%.
The domestic bilateral customers made a cumulative payment of N3.51bn against the invoice of N4.17bn issued to them by the MO for services rendered in 2025/Q4, translating to 84.23% remittance performance.
It, however said the special customer (Ajaokuta Steel Co. Ltd and the host community) did not make any payment towards the N1.26bn (NBET) and N130m invoices received in 2025/Q4.
323,864 meters issued
It noted that 323,864 end-user customers were metered across all the DisCos, with Enugu and Abuja DisCos recording the highest number of meter installations as they accounted for 17.96% and 17.35% of the total installations, respectively.
“Relative to 2025/Q3, when 241,86032 customers were metered, there was an increase (+33.91%) in the total number of customers metered in 2025/Q4. Nine DisCos recorded improvements in meter installation between 2025/Q3 and 2025/Q4, with Yola DisCo recording the largest increase of 1135.42%. Ibadan DisCo recorded a decline of 24.46% in meter installations in 2025/Q4 compared to 2025.