- Sales deficit of N273.42 billion in 2020, compared to N230.96 billion in 2019
- customers in the country increased their debt to electricity distribution companies (DisCos) by 18.38 percent in 2020
- Despite the shortfall, DisCos will receive N487.2 billion in 2020
Just N542.73 billion of the N816.15 billion electricity bill provided to customers by the 11 Electricity Distribution Companies (DisCos) in 2020 was charged, according to a study obtained by Ripples Nigeria.
This equates to a sales deficit of N273.42 billion in 2020, compared to N230.96 billion in 2019.
Despite the shortfall, DisCos will receive N487.2 billion in 2020, a rise of 11.38 percent from the N487.2 billion charged in 2019.
Yola Disco, which had the lowest revenue of N10.74 billion, distributed only N18.72 billion in electricity bills to its customers.
Benin and Eko have received N45.66 billion and N84.66 billion in sales, respectively, but provided N85.97 billion and 107.67 billion in electricity bills to customers.
Consumers in Kaduna, Kano, and Port Harcourt were given 57.14 billion, 52.57 billion, and 61.79 billion in electricity, respectively, but only N21.53 billion, N33.84 billion, and N31.39 billion were billed.