By Kelechi Onwujuba
Nigeria's electricity distribution companies (DisCos) recorded a modest improvement in commercial performance in March 2026, with industry-wide revenue recovery efficiency rising to 81.05 per cent, according to the latest Commercial Performance Factsheet.
The report showed that the power distribution segment generated ₦196.13 billion in revenue during the month, reflecting a collection efficiency of 79.59 per cent. The amount was collected from electricity bills issued to customers across the country.
Data from the factsheet indicated that billing efficiency stood at 83.89 per cent, with DisCos billing customers ₦246.43 billion worth of electricity out of the ₦293.76 billion energy received from the national grid during the period.
The improvement in recovery efficiency represents a 0.38 percentage-point increase compared to the previous month, signalling gradual progress in the sector's ability to convert billed energy into actual revenue.
Among the 11 electricity distribution companies, Ikeja Electric emerged as the best-performing utility, recording a recovery efficiency of 99.30 per cent in March.
Eko Electricity Distribution Company followed closely with a recovery efficiency of 95.73 per cent, while Benin Electricity Distribution Company secured third place with 85.18 per cent.
Industry analysts say improved billing accuracy, enhanced metering and stricter revenue collection measures are contributing to stronger commercial performance among leading DisCos.
The latest figures underscore ongoing efforts by operators and regulators to improve the financial sustainability of Nigeria's power sector, a key requirement for attracting investment and strengthening electricity supply across the country.
