BusinessDay

Four charts that show Nigeria’s electricity sector performance in 6 years

Over the years, the Nigerian electricity sector has faced a number of fundamental issues, including technical and commercial misalignment.

The technological imbalance is primarily due to a lack of infrastructure, according to experts.

This explains why the country creates more power than it can send through the transmission company (TCN), and ironically, sends more power than DisCos can collect the bills for.

The Nigerian Bureau of Statistics has issued a report on the state of the sector captured in the charts that follow.

Revenue collection

The entire amount of money made by distribution firms in 2020 was N526.8 million, according to the latest National Bureau of Statistics data.

The report said that this is the most money raised in the last six years.

Number of metered customers

Except for 2020, the trend of metered users has exhibited annual positive growth rates in a row.

In comparison to other DisCos, Abuja Electricity Distribution Company (AEDC) has the most metered consumers in 2020.

Read also: Africa requires $35 billion annual investment to meet electricity need – Sylva

According to the report, this was followed by Ibadan Electricity Distribution Company (IBEDC) with 671,035, and Yola Electricity Distribution Company (YEDC) with 71,867.

Electricity supply

The price of electricity delivered to clients during the review period has been fluctuating. In 2015, Nigeria supplied 20,337.40 Gigawatt hours (GWh) of electricity.

The IEDC had the most electricity with 4,158.87 GWh, followed by EKEDC and IBEDC with 3,097.87 GWh and 2,841.08 GWh, respectively, according to the report. With 2,388.00 GWh, AEDC came in fourth, while YEDC came in last with 557.00 GWh.

Number of customers

As indicated in the graph, the number of customers of Nigeria’s electricity distribution companies has risen steadily over the last six years.

According to NBS, when the number of consumers by DisCos was disaggregated between 2015 and 2020, IBEDC had the greatest customer numbers compared to other DisCos.

Get real time updates directly on you device, subscribe now.