Nigeria’s electricity distribution companies collected 196.13 billion naira from customers in March 2026 out of total billings of 246.43 billion naira, leaving approximately 50.3 billion naira in uncollected revenue, according to commercial performance data released by the Nigerian Electricity Regulatory Commission.

The industry-wide collection efficiency for the month stood at 79.59 percent, a decline of 1.58 percentage points from the preceding month, even as the total volume of energy received by distribution companies increased by 6.02 percent compared to February 2026 to reach a value of 293.76 billion naira. Despite the larger energy inflow, billing efficiency fell to 83.89 percent, down 3.55 percentage points from February, meaning the Discos were billing a smaller proportion of the energy they received.

The average allowed tariff across the industry was 124.30 naira per kilowatt-hour while actual collections averaged 100.75 naira per kilowatt-hour, translating to a revenue recovery efficiency of 81.05 percent, a marginal improvement of 0.38 percentage points from February.

Ikeja Electric was the strongest performer, recording billings of 41.82 billion naira and collections of 40.30 billion naira, yielding a collection efficiency of 96.38 percent and the industry’s highest revenue recovery rate of 99.30 percent. Eko Disco followed with a revenue recovery rate of 95.73 percent after collecting 33.89 billion naira from billings of 38.65 billion naira. Benin Disco also performed strongly with a collection efficiency of 90.97 percent and a revenue recovery rate of 85.18 percent.

Billing efficiency leaders included Eko Disco at 92.30 percent, Port Harcourt Disco at 90.36 percent, and Ikeja Disco at 87.76 percent.

At the other end of the spectrum, Kaduna Disco recorded the weakest revenue recovery in the industry, collecting only 4.66 billion naira from billings of 12.10 billion naira for a collection efficiency of 38.54 percent and a revenue recovery rate of 35.65 percent. Jos Disco posted a collection efficiency of 57.94 percent and a recovery rate of 53.53 percent after collecting 6.74 billion naira from 11.63 billion billed. Yola Disco recorded the industry’s lowest billing efficiency at 58.68 percent.

Other operators produced mixed results: Abuja Disco at 81.09 percent revenue recovery, Enugu at 81.79 percent, Kano at 76.09 percent, Ibadan at 71.65 percent, and Yola at 58.58 percent.