
DisCos and misery of universities
Nigeria’s electricity distribution companies (DisCos) recorded their highest quarterly revenue since privatisation in the first quarter (Q1) of 2025, despite persistent complaints over poor power supply across the country.
Data released by the Nigerian Electricity Regulatory Commission (NERC) show that the 11 DisCos raked in a total of N553.63 billion between January and March 2025, a nine percent increase from the N508 billion reported in the last quarter (Q4) of 2024.
The rise in revenue comes at a time when millions of Nigerians contin