DisCos Record N273.42 Billion Shortfall In 2020

The 11 Electricity Distribution Companies  across Nigeria have recorded a shortfall of N273.42 billion in 2020.

The companies cumulatively received a total of N542.73 billion out of N816. 15 billion they billed their consumers.

This, however, is an increase of N42.46 billion from the total of N230.96 billion shortfall recorded in 2019.

Also, the amount the DisCos generated from their consumers in 2020 increased by N55.49 billion from the N487.24 billion recorded in 2019.

This was contained in the National Electricity Regulatory Commission (NERC) in its 2020 financial report.

According to the report, “Ikeja Disco led the pack raking the highest amount of electricity bill from customers. It received N105.23 billion in 2020.

“Yola Disco, however, received the lowest revenue in the year under review. It got N10.74 billion during the period.

“Eko DisCo made revenue of N84.7 billion, followed by Abuja DisCo with N82.6 billion.

Ibadan DisCo also recorded N61.8 billion within the period under review.

“Enugu DisCo recorded revenue of N47.83 billion while Benin and Jos DisCos received N45.66 billion and N17.44 billion respectively.

“Kaduna, Kano and Port Harcourt DisCos got N21.53 billion, N33.84 billion and N31.4 billion respectively from their electricity consumers.”

Recall that NERC had announced at the beginning of the year that 62.63% of electricity customers in Nigeria were under the estimated billing package as of September 2020.