Nigeria’s electricity distribution companies (DisCos) remitted a total of N77.99 billion in the fourth quarter of 2025, representing 91.19% of their financial obligations to the market.
This is according to the latest quarterly report released by the Nigerian Electricity Regulatory Commission (NERC).
The performance reflects a slight decline compared to the third quarter of 2025, raising concerns about liquidity and operational efficiency within Nigeria’s power sector.
The NERC report shows that DisCos recorded a marginal drop in remittance performance in Q4 2025 compared to the previous quarter.
While most operators met their obligations, a few companies posted significant shortfalls.
Despite the decline, NERC noted that the majority of DisCos met 100 per cent of their remittance obligations during the period.
President Bola Ahmed Tinubu, in June 2023, assented to the Electricity Act 2023, a landmark legislation originally passed by the National Assembly in July 2022.
However, despite these structural reforms, Nigeria’s electricity sector continues to grapple with deep-rooted financial challenges, particularly around pricing and cost recovery.
The Market Operator (MO) plays a central role in the electricity market by issuing invoices to DisCos for energy transmission and administrative services within the NESI.
Naijaonpoint earlier reported that DisCos are facing renewed financial pressure following a directive by the NERC requiring them to refund N20.33 billion to customers who purchased prepaid meters under the Meter Asset Provider (MAP) scheme.
FG said the president wants electricity subsidy costs to be explicit, practical and transparent, warning that no level of government should carry hidden or unpaid obligations.
