Discos

NASS raises eyebrow over monthly N200bn owed to DisCos

By Matthew Denis The National Assembly has raised urgent concerns over the deepening financial crisis in the nation’s electricity sector, revealing that the federal government is accumulating nearly N200 billion in unpaid bills to power generation and distribution companies every…

FG set to restructure two underperforming DisCos

…We can no longer fold our hands over inadequacies of underperforming DisCos — FG By Seun Ibiyemi The Federal Government has kicked off a major reform in Nigeria’s electricity distribution sector with a pilot restructuring of two underperforming Distribution Companies…

DisCos achieve 94.61% energy offtake in Q4 2024 — NERC

By Seun Ibiyemi The Nigerian Electricity Regulatory Commission (NERC) has reported that electricity distribution companies (DisCos) collectively attained an energy offtake rate of 94.61 per cent in the fourth quarter (Q4) of 2024. This update, published in the Commission’s recently…

DisCos generate N509bn amidst multiple grid collapses

Electricity consumers paid a total of N509.84 billion in the fourth quarter of 2024 despite experiencing five national grid collapses within the same period. The Nigerian Electricity Regulatory Commission (NERC) disclosed in its latest report that there were three instances…

DisCos failed to collect N60bn bills in December — NERC

By Seun Ibiyemi The Federal Government, through the Nigerian Electricity Regulatory Commission (NERC), has reported that the country’s 12 electricity distribution companies (DisCos) failed to collect approximately ¦ 60 billion in electricity bills in December 2024. This information was disclosed…

Let the DisCos die for Nigerians to have light

By Michael Owhoko, Ph.D The unending darkness permeating Nigeria today, unarguably, was the mistake of 2013 when majority stakes in the electricity distribution companies (DISCOs) were sold to private investors as part of larger efforts to improve electricity supply, which…