The National Bureau of Statistics (NBS) has revealed that Nigeria’s Distribution Companies (DisCos) electricity made a total of N291.62 billion in the first quarter (Q1) of 2024.
Making the submission in its latest report on electricity for Q1 2024, released on Sunday, June 23, NBS said there was a decline in electricity supply in the period reviewed.
The revenue by DisCos rose by 17.91 percent (N291.62 billion) compared to the N247.33 billion recorded in Q1 of 2023, the bureau said.
According to NBS, power supply dropped from 6,432.22 gigawatts per hour (Gwh) in Q4 2023 to 5,769.52 (Gwh) in Q1 2024.
However, on a year-on-year basis, electricity supply decreased by 1.41 percent compared to 5,851.87 (Gwh) reported in Q1 2023, statistics showed.
“Revenue collected by the DisCos during the period was N291.62 billion from N294.95 billion in Q4 2023, “ the report reads.“On a year-on-year basis, revenue generated in the reference period rose by 17.91% from N247.33 billion recorded in Q1 2023.”
The NBS also said the total number of customers stood at 12.33 million in Q1 — up from 12.12 million in Q4 2023 — representing an increase of 1.78 percent.
“On a year-on-year basis, customer numbers in Q1 2024 rose by 9.47% from 11.27 million reported in Q1 2023,” the bureau said.
“Similarly, metered customers stood at 5.91 million in Q1 2024, indicating a growth of 5.38% from 5.61 million recorded in the preceding quarter.
“On a year-on-year basis, this grew by 11.26% from the figure reported in Q1 2023 which was 5.31 million.”
