By Adekunle Adekoya
Our country, Nigeria, is a wonderful one. In fact, there is no other country like ours on the face of this earth. What works seamlessly elsewhere is like rocket science here, and vice-versa. For many years, we imported what we have and have tried to export what we don’t have.
The unusualness of Nigeria reared its head a few days ago when the Nigeria Electricity Regulatory Commission, NERC, published data on the state of affairs in our electricity industry.
The data, in part, revealed that revenue accruing to the electricity distribution companies, called DISCOs, soared by 666% in 10 yrs, while electricity supply grew just 32% within the same period. Properly spelt, the data showed that DISCOs’ revenue rose from N302.93 billion in 2016 to N2.3188 trillion in 2025, an increase of about 666 per cent.












