Power distribution companies failed to remit a total of N208.8bn to the Nigeria Electricity Supply Industry in 2022, according to the Federal Government.
The latest Fourth Quarter 2022 Report of the Nigerian Electricity Regulatory Commission as well as those from the First, Second and Third quarters showed that the Discos never made complete remittances all through the period.
There are about 11 power distribution companies in Nigeria responsible for distributing electricity to consumers in their respective franchise areas of operation.
The Discos were created in 2013 as part of Nigeria’s power sector reforms aimed at improving the efficiency and reliability of electricity supply across the country.
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