The Federal Government of Nigeria and World Bank launched the $500m Distribution Sector Recovery Programme (DISREP) in February 2026 to stabilise Nigeria’s 11 electricity distribution companies (DisCos), cut aggregate technical, commercial and collection (ATC&C) losses from 33% toward the 21% national target, and close the metering gap. The programme includes World Bank-funded smart meters to be provided free of charge to consumers. It is separate from but complementary to the $750m DARES off-grid electrification programme.
Capital Details
Market Significance
Addresses the DisCo funding gap that has caused the privatisation-era Nigerian power sector to underperform — distribution is where the sector chain consistently breaks down. The CapEx provision account order (NERC/2026/062) is the first enforceable ring-fenced reinvestment obligation imposed on DisCos.
Risk / Considerations
DisCos have underperformed commercially for over a decade; the sector's structural problems (tariff inadequacy, gas supply gaps, grid constraints) cannot be solved by distribution investment alone.
Commercial Opportunity Intelligence
Connected Intelligence
Analyst Notes
Link to companion Policy record: Nigeria Electricity Act 2023 (document #19 from your earlier list — this programme is one of the Act's implementation instruments). Also link to DARES if that record exists in your database.