Discos generated N294bn as FG paid N253.7bn subsidy in Q4 2023
The 11 electricity distribution companies (DisCos) collected the sum of N294.95bn revenue out of the N399.69bn billed to their customers in the fourth quarter of 2023, a report by the Nigerian Electricity Regulatory Commission (NERC) has shown. The report stated that the revenue collected by the DisCos translated to a…