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Port Harcourt Disco Makes N6.3bn in One Month

Adaobi Rhema Oguejiofor 

The Port Harcourt Electricity Distribution Company (PHED) has recorded a revenue of about N6.3 billion from the collection of electricity bills in the month of May 2023, making it the highest revenue collection by the Company in its entire history.

According to the Disco, the N6.3 billion revenue represents a 71 percent increase in its collection efficiency, which is a new milestone in its performance, as opposed to the 66 percent collection efficiency of the previous month of April 2023. 

The Managing Director (MD) and Chief Executive Officer (CEO) of PHED, Dr. Benson Uwheru, expressed that the Company will continue to raise the bar in its service delivery by investing massively in infrastructure and other service-related operations. 

Uwheru affirmed that it was a new dawn in PHED, as the Management will not relax on its achievements. He commended the entire workforce for their creativity, innovation, and willingness to go the extra mile in their service delivery, while also admonishing staff on the need to work hard in order to sustain and surpass the new milestone.

In the words of the MD, “success is not only measured by revenue but by many other indices.”

The Head of Corporate Communications for PHED, Olubukola Ilevbare, revealed that the Company’s collection stood at N4.6 billion when the Managing Director took over the control of affairs last year.

He also explained that upon assumption of office on July 5th, 2022, the PHED Boss swiftly moved to transform the Company by improving the revenue position, reducing losses, strengthening corporate governance, and rewarding outstanding performances, as well as other customer-oriented initiatives. 

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