Nigeria DisCos Revenue Up 450% as Power Supply Remains Flat at 4.8%

Thirteen years after privatisation, Nigeria's electricity distribution companies have recorded a 450 percent revenue increase to ₦1.2 trillion, yet actual power supply has stagnated at 4.8 percent, according to new sector data. The divergence is described as a damning indictment of the privatisation model and is reshaping the energy investment case for Nigeria's tech ecosystem.