General
Billing, Collection Gaps Leave DisCos with N80.49bn Shortfall in February
By Adedapo Adesanya
Latest data from the Nigerian Electricity Regulatory Commission (NERC) showed that Nigeria’s electricity Distribution Companies (DisCos) recorded an N80.49 billion collection shortfall in February 2026.
According to NERC’s February factsheet on DisCos’ commercial performance, the 11 companies received N277.09 billion worth of electricity from the national grid.
The total energy received by the energy distribution firms increased by 17.64 per cent from January’s N235.53 billion. However, the DisCos billed customers N242.29 billion and collected only N196.68 billion.
This reflected a collection efficiency of 81.17 per cent and a billing efficiency of 87.44 per cent. Average recovery efficiency across all DisCos was 80.67 per cent.
The report also detailed a reduction in government subsidies to N24.03 per unit from N38.33 in January, indicating a N14.30 drop, so customers paid an average of N100.27 per unit against an allowed tariff of N124.30.
The commission further highlighted gains in tariff realisation, stating that “the actual average collection per kilowatt-hour increased to N100.27, representing a 16.64 per cent improvement compared to January 2026.”
This, it said, pushed recovery performance upward, noting that “overall revenue recovery efficiency rose to 80.67 per cent, an increase of 11.51 percentage points month-on-month.”
Providing a breakdown across utilities, the Commission stated that “Eko, Kano, and Abuja DisCos recorded the highest billing efficiencies at 97.20 per cent, 99.04 per cent, and 93.70 per cent, respectively.”
Conversely, it noted that “Yola and Kaduna DisCos recorded the lowest billing efficiencies at 66.09 per cent and 72.46 per cent respectively.”
On collections, the report said “Eko DisCo led with 94.12 per cent collection efficiency, followed by Abuja at 89.28 per cent,” while “Kaduna DisCo recorded the lowest collection efficiency at 49.27 per cent.”
In terms of cost recovery, the commission disclosed that “Eko DisCo achieved a recovery efficiency of 100.67 per cent, exceeding the allowed tariff benchmark,” while “Kaduna DisCo recorded the weakest recovery performance at 41.20 per cent.”
An analysis of the figures shows that compared to January, energy received rose by N41.56 billion (17.64 per cent), Billings fell by N25.79 billion (9.66 per cent), and Collections declined by N8.09 billion (3.94 per cent).
This indicates that although DisCos are becoming more efficient operationally, the sector is still grappling with weak demand, collection losses, and customer liquidity constraints.
The commission also disclosed that “reduced ATC&C loss targets averaging 16.64 per cent have been approved for 2026 to reflect the expected impact of DisCo investments made in 2025.”
It added that the February performance “demonstrates gradual improvements in commercial efficiency, though significant gaps remain in revenue realisation across the industry.”
General
EFCC Arrests Convicted Ex-Power Minister Saleh Mamman
By Modupe Gbadeyanka
The recently-convicted former Minister of Power, Mr Saleh Mamman, has been arrested by the Economic and Financial Crimes Commission (EFCC).
Chairman of the EFCC, Mr Ola Olukoyede, during a press briefing in Abuja on Tuesday, said the former senior government official was apprehended this afternoon along with two others accused of shielding him.
Earlier this month, Justice James Omotosho of the Federal High Court in Abuja convicted Mr Mamman for N33.8 billion fraud after he was found guilty of a 12-count charge brought against him by the EFCC. He was sentenced to 75 years in prison, though he was not present in court on the day of his sentencing.
Speaking with journalists today, Mr Olukoyede said the convict was arrested at 3:30 am on Tuesday in a house in Kano, where he was allegedly being protected.
“Ladies and gentlemen, you will recall that sometime in January 2025, we filed charges against the ex-minister of power for allegedly converting over N33 billion – money that was set aside for the Mambilla and Zungeru power projects,” Olukoyede said during a press briefing.
“About 14 to 15 months down the line, specifically on the 7th of this month, we secured convictions on all 12 counts. Because the defendant was not present, the issue of sentencing was shifted. And on the 13th of this month, he was sentenced in absentia.
“Since then, we decided to open our intelligence surveillance to the public, looking for him all over the place. I am happy to announce to Nigerians that at about 3:30 a.m. this morning, we arrested Mr Saleh Mamman somewhere in Kano. We have discovered that he was actually being protected all this while,” he said.
General
UK Backs Pan-African Founder Support Programme at London Tech Week
By Adedapo Adesanya
The United Kingdom is deepening efforts to position itself as a preferred global expansion hub for African startups with the launch of the UK–Africa Ecosystem Week, a coordinated support programme to be delivered during London Tech Week.
Powered by the UK–Africa Sandbox and Ventures 54 in partnership with the UK Department for Business and Trade (DBT), the initiative is expected to provide African founders with structured support to navigate business, investment and networking opportunities in the UK market.
The programme is also backed by the UK Nigeria Tech Hub, the UK South Africa Tech Hub, London & Partners and the Mayor of London’s office, signalling growing institutional support for stronger commercial and technology ties between the UK and African innovation ecosystems.
According to the organisers, the initiative introduces a more coordinated approach to participation at London Tech Week, one of the world’s largest annual technology gatherings, which attracts over 100,000 participants across more than 500 events yearly.
Founders participating in the programme will gain access to curated sessions, concierge-style support services, dedicated workspaces, investor engagement opportunities and market entry guidance tailored to African technology companies seeking expansion into the UK.
A flagship UK–Africa Ecosystem Day will also bring together investors, policymakers, ecosystem builders and founders to discuss commercial expansion opportunities and partnerships between both regions.
Founder of Ventures 54 and UK-Africa Sandbox, Mr Anthony William Catt, said the initiative was developed in response to the increasing number of African startups travelling to London Tech Week over the last few years.
He explained that what started as informal networking gatherings under the London Africa Network had evolved into structured programming and has now scaled into a full week of activities aimed at helping founders maximise opportunities available within the UK ecosystem.
“This is about putting the right structure in place, so African founders have a dedicated support track to get the most out of the week and access the best of what the UK has to offer,” he said.
Speaking on the initiative, Acting His Majesty’s Trade Commissioner for Africa, Mr Ben Ainsley, described the UK as a natural destination for ambitious African startups due to its large technology ecosystem, deep venture capital market and access to global talent.
“The UK Government is committed to supporting high-growth international companies succeed in the UK and initiatives like the UK–Africa Sandbox demonstrate our focus on making it easier for African founders to access support and fully engage with the UK’s world-class innovation ecosystem.”
The programme is expected to attract delegations and founders from countries including Nigeria, South Africa, Kenya, Egypt, Algeria and Ghana.
Organisers added that the initiative would extend beyond London Tech Week through the broader UK–Africa Sandbox platform, which aims to support African founders entering the UK market while also creating pathways for UK startups seeking expansion opportunities across Africa.
General
Interswitch Deepens Support for Federal Revenue Collection on RevOP Platform
By Modupe Gbadeyanka
Efforts by the federal government to improve its revenue collection are being boosted by the adoption of Interswitch’s Revenue Assurance and Optimisation (RevOP) platform.
As a Payment Service Solution Provider (PSSP), the leading integrated payments and digital commerce company has used its platform to strengthen public sector payment infrastructure and support Treasury Single Account (TSA) collections in Nigeria.
Through its integration with the RevOP platform, Interswitch continues to enable secure, end-to-end processing of payments initiated via the portal. Transactions are seamlessly routed into the TSA framework, ensuring compliance with federal government financial regulations while supporting efficient and accountable revenue management.
Leveraging its robust payment infrastructure, Interswitch facilitates multiple payment channels, including card and digital payments, delivering a seamless and reliable experience for citizens, businesses, and government agencies, fulfilling their payment obligations.
Interswitch’s continued role on the platform builds on its longstanding experience in supporting critical national payment infrastructure and collaborating with regulatory and financial institutions to drive digital transformation across Nigeria’s public sector. Its infrastructure is designed to ensure high transaction uptime, real-time processing, and secure data handling, all essential for effective public revenue collection.
By deepening its participation on the RevOP platform, Interswitch further strengthens its position as a trusted partner within Nigeria’s evolving digital payments ecosystem, while continuing to support initiatives that promote fiscal transparency, operational efficiency, and sustainable governance across government institutions.
“Interswitch is proud to continue supporting the federal government’s drive toward greater transparency and efficiency in public revenue management.
“Our role on the RevOP platform reflects our commitment to delivering a secure, seamless, and compliant payment infrastructure that enables all stakeholders to meet their obligations with confidence,” the Managing Director for INCLUSIO at Interswitch, Mr Muyiwa Asagba, stated.
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