…International power buyers achieve 84.90% remittance rate
Nigeria’s electricity sector recorded substantial revenue growth in 2025, with the country earning approximately N87.85 billion ($62.75 million) from power exports to neighbouring Niger, Togo, and Benin Republic, while domestic distribution companies saw their collections surge to N2.31 trillion.
According to the Nigerian Electricity Regulatory Commission’s 2025 Annual Report, the Market Operator issued a combined invoice of $73.91 million to three international utilities. The off-takers remitted $62.75 million, representing an 84.90 percent remittance performance and leaving an outstanding balance of $11.16 million.
Domestic bilateral customers demonstrated better payment discipline, receiving a combined invoice of N13.20 billion and settling N12.75 billion, achieving a 96.60 percent remittance rate.
The 11 electricity distribution companies recorded aggregate revenue collections of N2.31 trillion against total bills of N2.98 trillion issued to end-use consumers, achieving a national collection efficiency of 77.60 percent. This left approximately N669.49 billion in uncollected revenue.
Eko Disco led the nation with an 87.90 percent collection efficiency, recovering N424 billion out of N482.35 billion billed. Ikeja Electric followed closely at 87.89 percent, collecting N440.86 billion from N501.61 billion in issued bills.
Conversely, utilities in the northern region struggled significantly, with Kaduna Disco recording the lowest collection efficiency at 45.68 percent, collecting only N51.38 billion out of N112.48 billion billed.
Despite the revenue growth, generation performance remained weak. The average available capacity from grid-connected plants stood at 5,398.33MW in 2025, translating to a Plant Availability Factor of just 39.62 percent.
This means over 60 percent of the country’s installed generation capacity was unavailable for dispatch. Total electricity generated was 39,208.68GWh, with hydropower plants contributing 32.66 percent of total output.
For wholesale grid market obligations, Nigerian Bulk Electricity Trading Plc and the Market Operator issued a total gross invoice of N1.721 trillion to the distribution companies for energy supply and administrative costs.
The Discos remitted N1.632 trillion back into the market, translating to a 94.80 percent remittance performance. Eko, Ikeja, and Port Harcourt Discos attained 100 percent remittance compliance to NBET, while Kaduna Disco recorded the lowest at 40.13 percent.
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