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VI
Recovery Efficiency Slumps as Discos Collect N208bn from N253bn Billing
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THISDAYLIVE
From the total billings of N252.87 billion, the Discos collected N208.15 billion, leaving about N44.72 billion uncollected during the month.
Consequently, overall revenue recovery efficiency fell to 77.31 per cent, down by 4.80 percentage points from April.
The company collected N34.59 billion, representing a collection efficiency of 85.37 per cent, while recording a revenue recovery efficiency of 91.54 per cent.
At the other end of the spectrum, Kaduna Electricity Distribution Company posted the weakest revenue recovery performance.
Also, Jos Electricity Distribution Company struggled, recording a collection efficiency of 51.20 per cent and a revenue recovery efficiency of 45.38 per cent after collecting N5.99 billion from N11.70 billion billed.