Nigeria’s Electricity Distribution Companies (DISCOs) made a total of N887.86bn revenue in the first seven months of 2024.
This is according to the data released by the Nigerian Electricity Regulatory Commission, which contains Discos’ commercial performance for the seven months.
Durung the period under review, the distribution companies billed a total of N1.114tn. However they were able to collect N887.86bn, representing 79.7 per cent of the billed revenue in the country.
A breakdown of the monthly revenue showed that N95bn was generated in January out of N130.92bn billed for the month.
In February, the sum of N97bn was collected out of projected N113bn while N100.44bn was generated in March out of N126.56bn billed, N142.92bn was made in April out of N178.72bn.
In May, the collected revenue dropped to N139.23bn out of N191.65bn billed for the month.
Whereas in June, the revenue increased to N150.86bn out of an estimated billing of N176.57bn while N162.14bn was collected out of N197.11bn in July.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
