Power Discos Earn N1 Trillion Despite Power Supply Challenges, 5.8 Million Customers Still Without Meters

Electricity distribution companies earn N1 trillion despite power supply challenges, with 5.8 million customers lacking meters.

Ikeja Electricity Distribution Company: N218.6bn

The Eko Distribution Company: N52.8bn

The Abuja Electricity Distribution Company: N167.4bn

The Ibadan Electricity Distribution Company: N111.3bn,

Enugu Electricity Distribution Company: N82.5bn,

Yola ElectricityDistribution Company: N22.3bn

Benin Electricity Distribution Company: N84.6bn

Kaduna Electricity Distribution Company: N32.4bn

Jos Electricity Distribution Company: N38.9bn

Kano Electricity Distribution Company: N55.2bn

Port-Harcourt Electricity Distribution Company N74.7bn

The amount has risen to N1.065 trillion, showing a growth of N234.4 billion or 28.2 percent compared to the N831 billion generated by the power companies during a similar period in 2022.

The National Bureau of Statistics released the electricity report on Monday.

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