• Sunday, February 25, 2024
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Nigeria’s electricity customers hit 11.27mn in Q3 2023


The number of electricity-paying customers in Nigeria has experienced an increase, reaching 11.71 million in Q3 2023, up from 11.47 million in the previous quarter, according to the National Bureau of Statistics’ Electricity Report.

In addition, the report revealed that the number of metered customers rose to 5.68 million in the third quarter of 2023, indicating a 2.08 percent increase from the previous quarter.

The report read: “Total customer numbers in Q3 2023 stood at 11.71 million from 11.47 million in Q2 2023, showing an increase of 2.08 percent. On a year-on-year basis, customer numbers in Q3 2023 rose by 7.09 percent from 10.94 million reported in Q3 2022.

“Similarly, metered customers stood at 5.68 million in Q3 2023, indicating a growth of 3.77 percent from 5.47 million recorded in the preceding quarter. On a year-on-year basis, this grew by 13.07 percent from the figure reported in Q3 2022 which was 5.02 million.

“In addition, estimated customers during the quarter were 6.03 million, higher by 0.53 period from 6.00 million in Q2 2023. On a year-on-year basis, estimated customers increased by 2.02 percent in Q3 2023 from 5.91 million in Q3 2022.”

However, the revenue collected by the 11 electricity distribution companies (DisCos) in the period declined by 1.12 percent compared to the preceding quarter.

“Revenue collected by the DISCOs during the period was N260.16 billion from N263.08 billion in Q2 2023. On a year-on-year basis, revenue generated in the reference period rose by 28.40 percent from N202.62 billion recorded in Q3 2022.”

According to the NBS, electricity supply was 5,731.60 (Gwh) in Q3 2023 from 5,909.83 (Gwh) in the previous quarter. “However, on a year-on-year basis, electricity supply increased by 14.09 percent compared to 5,023.96 (Gwh) reported in Q3 2022.”