Data from the Nigerian Electricity Regulatory Commission (NERC) has revealed a rise in monthly revenue for electricity distribution companies (Discos) despite ongoing complaints of low power generation and supply.
The report indicates a N5 billion increase in revenue, rising from N95 billion in January 2024 to N100 billion in March 2024. This comes against a backdrop of public frustration with frequent power outages attributed to gas shortages.
Data from the NERC showed Discos received 2,577 gigawatt-hours of power and billed 2,072GWh of the energy received, recording 80 per cent billing efficiency in January.
