₦airaland Forum

The Distribution Companies of Nigeria, DISCOs, recorded 16.5 per cent, year-on-year YoY increase in revenue to N193.96 billion in July 2025 from N162 billion in the corresponding period of 2024.


The increase in revenue is amidst complain of poor power supply by many consumers including homes and businesses due to alleged inefficiency of the DISCOs and inability of the Transmission Company of Nigeria to wheel around 16,384 MW installed power generation capacity from the Generation companies, GENCOs.

In its latest report obtained by Vanguard, the Nigerian Electricity Regulatory Commission, NERC, disclosed that total revenue collected by the DISCOs stood at N193.96 billion even as the government continues to subsidise power supply.

According to the report, the total value for energy received stood at N300.04 billion, leaving energy billed and actual average collection per kilowatts, KWh at N243.14 billion and N89.30, respectively.

Also, it noted that this translated to 81.04 per cent, 79.77 per cent and 76.82 per cent billing efficiency, collection efficiency and recovery efficiency, respectively.

Reacting to the development, Adetayo Adegbemle, Convener and Executive Director of PowerUp Nigeria, a power consumer advocacy group, lamented the nation’s poor power supply and called for an end to electricity subsidies.

He explained: “Historically, the Nigerian government has paid electricity subsidies to the Nigerian Electricity Supply Industry (NESI). This means there is a cost-reflective tariff for supplying 1kWh (kilowatt-hour) and an allowed tariff that consumers are permitted to pay.

“This variance, otherwise called a ‘subsidy,’ has now turned into an elephant in a china shop. It stems from government welfare policies intended to support consumers who cannot afford the true cost of power.”

He added that although subsidies aim to maintain economic stability and prevent social unrest, they have become a huge burden on government finances. Between 2015 and 2020, tariff shortfalls reportedly reached N2.4 trillion, averaging N200 billion yearly, while in 2022 alone, over N600 billion was paid. The figure was projected to hit N1 trillion in 2024.


Adegbemle noted that under the 2022 Multi-Year Tariff Order (MYTO), the cost-reflective tariff averaged N68.42/kWh, while the allowed tariff was N59.89/kWh, with the Federal Government covering N8.53/kWh as subsidy. Between January and March 2023 alone, subsidies totaling N52.7 billion were paid to the 11 DisCos.

iwaeda:
https://www.vanguardngr.com/2025/10/epileptic-power-discos-revenue-rises-16-5-to-n193-96bn/

pendy79:
Lagos State Governor, Mr. Babatunde Fashola, on Sunday evening boasted that he could provide uninterrupted power supply to Lagos residents between six and eight months.

Fashola spoke at the commissioning of 8.5 megawatts Lekki Independent Power Project (IPP), the fifth of such power projects in the last five years in the state.

The governor said the addition of the Lekki IPP was a testament to the fact that stable power does not require rocket science to achieve in the country.

While challenging power distribution companies in the state, Fashola said, “Let the Eko DISCOs sign a contract with me, giving part of their concessioning to the state government, in about six to eight months, there will be power in all homes in Lagos State,” Fashola said.

He added, “So, let no one say that he has no money to deliver power for the entire country. This is the limit to which the law allows us to do, but we have done this to make a statement that power can be generated. So, when they come with lies that power is impossible, you can tell them that we have power here; we make it possible”.

The project, courtesy of the state government, in partnership with Heritage Bank, is to serve Lagos State Water Corporations in Lekki Phase 1, Oniru, Victoria Island and Ikoyi, as well as over 25km of public lightening in the Lekki axis.

http://dailyindependentnig.com/2015/03/can-provide-stable-power-eight-months-fashola-boasts/

iwaeda:
https://www.vanguardngr.com/2025/10/epileptic-power-discos-revenue-rises-16-5-to-n193-96bn/

Adegbemle noted that under the 2022 Multi-Year Tariff Order (MYTO), the cost-reflective tariff averaged N68.42/kWh, while the allowed tariff was N59.89/kWh, with the Federal Government covering N8.53/kWh as subsidy. Between January and March 2023 alone, subsidies totaling N52.7 billion were paid to the 11 DisCos.

bionixs:
A country that makes profits off their suffering population.

God forbid!

nairalanda1:
Before you rejoice, remember that for discos to get us 24 hour light, we need 10 trillion naira annually and 93 bn naira can't do much.

Remember also that 60% of meter users bypass their meters,and 30% of consumers overall don't pay, and most of us underpay apart from band A users so most of the money comes from estimated billing

If you like call me agbero. But you won't be able to keep your business profitable if only 20% of consumers pay full prices.

Government can at best spare 1 trillion naira in subsides and our budget is 30 trillion naira.

givedemwotowoto:
So we need N10 trillion naira for electricity but their priority was coastal highway of fraud when existing major highways are dilapidated?

jokaka89:
Making profits when people are making it difficult to put food on their table.
Congratulations to them.
All private companies are after profit but not the love of the masses.

iwaeda:
It has favoured me and my family. Next year light will be at N800 per kilowatt.

nairalanda1:
Before you rejoice, remember that for discos to get us 24 hour light, we need 10 trillion naira annually and 93 bn naira can't do much.

Remember also that 60% of meter users bypass their meters,and 30% of consumers overall don't pay, and most of us underpay apart from band A users so most of the money comes from estimated billing

If you like call me agbero. But you won't be able to keep your business profitable if only 20% of consumers pay full prices.

Government can at best spare 1 trillion naira in subsides and our budget is 30 trillion naira.

maasoap:
They just declared profits with this news, so what are you crying and wailing about here, Mr Disco spokesperson?

nairalanda1:
In other words you want me to

1. Tell lies

2. Say 'tinubu is the greatest since sliced cheese '

3. Pretend our power sector does not have a liquidity problem

Ah well, thanks but no thanks.

maasoap:
My comment was never about Tinubu or politics but business and private establishments. DISCO is privately owned, what brings Tinubu into this?