Data Speak: Nigeria’s electricity customers increased but revenue reduced

THE National Bureau of Statistics has said that the number of electricity customers in Nigeria increased to 11.71 million in the third quarter of 2023.

The revenue from the customers within the quarter was N260.16 billion. The amount was lower than the N263.08 billion generated by the distribution companies in the second quarter of the year when the electricity customers were 11.47 million.

In addition, the energy supplied within the quarter dropped to 5,731.60 (Gwh) in Q3 2023 from 5,909.83 (Gwh) in the previous quarter.

The NBS also reported that metered customers in the quarter under review stood at 5.68 million. This indicates a growth of 3.77 per cent from 5.47 million recorded in the preceding quarter.




    Also, estimated customers during the quarter were 6.03 million, higher by 0.53 per cent from 6.00 million in Q2 2023.

    In the third quarter, the Ikeja, Eko and Abuja DisCos collected the highest revenue with N56.8 billion, N42.5 billion and N39.9 billion, respectively. However, Yola and Kaduna DisCos generated the lowest revenue, with N5.59 billion and N7.57 billion, respectively.  

    The ICIR reported how Lagos, Enugu and six other states commenced the implementation of the Electricity Act. The Act was signed into law by President Bola Ahmed Tinubu on 6 June 2023 to accelerate Nigeria’s energy transition process and consolidate the Nigerian Electricity Supply Industry (NESI) regulation for optimum functionality and effective service delivery. 

    Also, another report disclosed how the Nigerian Electricity Regulatory Commission (NERC) approved new electricity tariffs for the 11 DisCos in the country. 

     

    Kehinde Ogunyale tells stories by using data to hold the government into account. Shoot him a mail at [email protected] or Twitter: Prof_KennyJames

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