Ikeja DisCo leads in January revenue recovery performance at 87.77%, says NERC
By Onu Okorie
The January 2026 Commercial Performance Factsheet for the DisCos released by the Nigerian Electricity Regulatory Commission NERC on Wednesday, April 8, 2026 has shown that Ikeja DisCo recorded the strongest revenue recovery performance at 87.77%.
The report also indicate that Eko closely trailed Ikeja DisCo with 87.87%, Port Harcourt recorded 79.39%, Benin 79.32% and Abuja 78.09% also delivered strong recovery performance. Others indicate that Ibadan recorded 75.81% while Enugu has 68.80% and Yola 67.40%, which shows moderate recovery levels.
Overall, the report put the performance of all the DisCos at 76.34% revenue collection in January 2026, or a total revenue collection of ₦204.74bn for the month.
Analysis of the report indicate that out of the total energy received by the DisCos at the cost of 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.
Further analysis revealed that 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.
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. 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.
