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Nigeria's electricity distribution companies reported N193 billion revenue in Q3 2021 - NERC

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A report by the regulator shows the firms earned the cash out of N273 billion they projected from July through September.

The document released by the regulator on Monday showed the power firms earned the cash out of a total of N273 billion they projected from July through September.

The Q3 2021 figure “represents a collection efficiency of 70.89 percent as compared to 68.9 percent recorded in 2021/Q2,” according to the NERC, which established deployment of meters through the National Mass Metering Programme funded through the Central Bank of Nigeria and the continuation of the Meter Asset Provider scheme as the main drivers of performance.Ibadan DisCo accounted for the biggest revenue at N24.6 billion, a N3.83 billion jump over Q2 revenue of N20.81 billion.

 

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Nigeria electricity distribution the poorest in Africa.

By crazy bill, extortion , and criminal way of stealing from the masses

Why wont the thieves declare such profit when people are paying for darkness instead of light.

Dem werey just dey increase tariff dey go.

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