All the Distribution Companies (DisCos) operating in Nigeria, recorded a 76.34% revenue collection rate in January 2026, resulting in a total revenue collection of ₦204.74bn for the month.
This was contained in the January 2026 Commercial Performance Factsheet for the DisCos released by the Nigerian Electricity Regulatory Commission (NERC) on Wednesday, April 8, 2026.
The NERC Commercial Performance Factsheet carries the breakdown of the financial health and efficiency of the DisCos, including the new Aggregate Technical, Commercial and Collection (ATC&C) loss targets.
According to the Factsheet, out of the total energy received by the DisCos which was N336.43 billion, the total energy billed was N265.20 billion, while the total revenue collected was N204.74 billion, leaving a shortfall of N131.69 billion.
The report said out of the N124.30k allowed average tariff/kWh, the actual average collection/kWh was N85.97k, leading to a recovery efficiency of 69.16% across all DisCos.
As for the ATC&C loss targets, the Commission approved reduced targets for 2026 (averaging 16.92%) to reflect the expected impact of DisCo investments made in 2025.
The report said during the period, Ikeja DisCo recorded the strongest revenue recovery performance at 87.77%.
Eko (87.87%), PH (79.39%), Benin (79.32%) and Abuja (78.09%) also delivered strong recovery performance.
Ibadan (75.81%), Enugu (68.80%), and Yola (67.40%), recorded moderate recovery levels.
These figures, according to the report, gave a clear picture of how effectively DisCos are billing, collecting, and recovering revenue -key indicators for strengthening liquidity and improving service delivery across the Nigerian Electricity Supply Industry (NESI).
