Despite a gradual increase in efficiency in bill collection, the debt profile of Nigerian electricity users stands at N385.7 billion as of 2023. This was revealed in the annual report and accounts by the Nigerian Electricity Regulatory Commission (NERC), as seen by Nairametrics.
According to the report, bill collection efficiency stood at 73.65%, with distribution companies (DisCos) receiving N1.07 trillion during the same period. The report also highlights that the distribution companies, which had an offtake performance capacity of around 94% from the national grid, issued N1.4 trillion in electricity bills but collected only N1.07 trillion.
This indicates a significant shortfall in payments despite improvements in bill collection efficiency.
(Nairametrics)
