Business A.M
No Result
View All Result
Tuesday, February 17, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Frontpage

Consumers kick as Discos’ collection rises to N438bn

by Admin
May 8, 2019
in Frontpage
The rise in the bill collection efficiency of electricity distribution companies to N438bn without a commensurate improvement in supply and metering has been criticised by consumers.
In the latest report on the performance of Discos, it was observed that the power distributors posted a 21 per cent increase in their bill collection efficiency in 2018 when compared to what the firms collected in 2017.
The power firms are currently computing their bill collection figures for the first quarter of 2019 and are expecting further increase.
However, their most recent performance report, which was put together by the Association of Nigerian Electricity Distributors and obtained by our correspondent in Abuja on Tuesday, showed that the power firms collected N438bn in 2018 out of the N661.6bn they billed consumers.
This represented a 21 per cent rise when matched against the N363bn the power firms collected in 2017, out of a total of N597.3bn that was issued as energy bill to consumers in that year.
But the rise in the collection efficiency of the Discos did not go down well with consumers, as they argued that the power firms had failed to provide meters and could have increased their electricity bill collection through illegal means.
They stated that although it was in the interest of the Discos to increase their collection efficiency, the power firms had yet to meet the expectations of consumers since the companies were taken over by private investors more than five years ago.
The Chairman, Nigeria Electricity Consumers Advocacy Network, Tomi Akingbogun, in an interview, said that the government should not yield to the call by the Discos for an increase in tariff, saying the firms had not performed creditably.
He said, “This is why we are saying that the government should not at any time increase tariff until when they (Discos) have released all the meters to all the consumers and enumeration done. However, we still believe that they (Discos) are still involved in sharp practices where they do improper billing.
“By this, I mean that they look at a building and just fix a tariff on it without justification and that can also increase their tariff collection because we’ve realised that they are given targets by their managers, area managers and others.”
Akingbogun added, “Many times, you see a situation where they start with N4,000 as a bill to a customer and before you know it, the rate rises to N45,000.
“This is not really an efficient way of collecting tariff, for while they believe they are collecting enough tariff, that is an illegal way of collecting tariff. So, we are having a lot of that to deal with.”
The NECAN chairman, however, noted that the release of meters to customers by Discos or Meter Asset Providers would boost the ability of power firms to collect electricity bills.
He urged the firms to deploy more meters as directed by the Nigerian Electricity Regulatory Commission, adding that a lot of customers across the country were still without meters.
Akingbogun said, “Meters should be released. When they release meters, their collection efficiency will increase more because a lot of their money being collected by their workers are not remitted to their accounts.”
Admin
Admin
Previous Post

Free movement, access to global markets for investors with international outlook

Next Post

Nigerian Breweries set to increase prices of products to cushion the effects of excise duties on revenue

Next Post

Nigerian Breweries set to increase prices of products to cushion the effects of excise duties on revenue

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025
SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

February 10, 2026

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Integration Is Africa’s Only Way Forward

Integration Is Africa’s Only Way Forward

February 17, 2026
NAICOM releases operational guidelines for insurtech firms, effective August 1

NAICOM aligns insurance reform with Nigeria’s $1tn economic vision 

February 17, 2026
Insurers urged to lead climate risk prevention as losses mount

Agricultural insurance gap opens new frontier for capital in emerging climate markets

February 17, 2026
NCC, CBN introduce instant refunds for failed airtime and data

NCC moves to modernise 26-year-old telecom policy

February 17, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Integration Is Africa’s Only Way Forward

Integration Is Africa’s Only Way Forward

February 17, 2026
NAICOM releases operational guidelines for insurtech firms, effective August 1

NAICOM aligns insurance reform with Nigeria’s $1tn economic vision 

February 17, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M