Distribution companies across Nigeria failed to convert a significant portion of the electricity they received into actual cash in June 2026, leaving a gap of N123.87bn between the value of energy supplied to them and the revenue they collected.
According to the latest commercial performance factsheet released by the Nigerian Electricity Regulatory Commission on Thursday, the DisCos received energy valued at N315.73bn during the month. However, they only managed to collect N191.86bn from customers.
The difference of N123.87bn represents the amount that did not return as cash to the power distribution companies, the only group collecting revenue for the entire value chain.
The figures show a clear worsening of the collection situation. Total revenue collected dropped by 7.82 per cent from the previous month, falling faster than the decline in energy received, which stood at 4.02 per cent.
Collection efficiency also slipped to 79.71 per cent, down 2.61 percentage points from May.
