adsDespite significant revenue increases driven by aggressive Band A tariff hikes, Distribution Companies (DisCos) remain trapped in a web of legacy debts, grid failures, and metering shortfalls, which have left many Nigerians still suffering the brunt of an epileptic power supply.
The Nigerian Electricity Regulatory Commission (NERC), in April 2024, approved an increase in electricity tariffs from N66 to N225 per kilowatt-hour (kWh), which was later reviewed down to N206/kWh for customers under the Band A classification. These customers, according to the regulator, enjoy at least 20 hours of electricity supply daily, while customers who received electricity for fewer hours daily were left under the former tariff.
This increase led to a significant push-up in DisCos’ revenue, which soared to over N2 trillion in 2025.
Read also: Adelabu calls for critical review of DisCos licenses over investment shortfalls
BusinessDay’s analysis showed over a 175 per cent increase in DisCos’ revenue in four years, rising from N842.42 billion in 2022 to N2.32 trillion in 2025.adsads
