DisCos’ revenue rises 450% as debt profile hits N700bn

*Supply grows by 4.8%  *Available plant capacity falls by 41% *13 years of privatisation yield little results *FG turns to bonds to tackle N6trn debt *Power supply has improved, Power Minister insists *Consumers, experts react

Revenue collected by Nigeria’s electricity Distribution Companies (DisCos) rose by about 450 per cent in eight years, from N218.16 billion in the first half of 2018 to N1.2 trillion in the corresponding period of 2026, far outpacing growth in electricity supply over the period.
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Data from the Nigerian Electricity Regulatory Commission (NERC), analysed by Financial Vanguard...