According to data from the National Bureau of Statistics (NBS), the Electricity Distribution Companies (DisCos) in Nigeria generated a total revenue of N263 billion in the second quarter of 2023.
This represents an increase from the N247.33 billion generated in the first quarter of the same year.
On a year-on-year basis, the revenue generated in the second quarter of 2023 rose by 39.63% compared to the N188.41 billion recorded in the second quarter of 2022.
The NBS report also revealed that the total number of customers for the DisCos in the second quarter of 2023 was 11.47 million, showing a 1.84% increase from the 11.27 million customers in the first quarter of the year.
On a year-on-year basis, the number of customers in the second quarter of 2023 increased by 6.17% compared to the 10.81 million customers in the second quarter of 2022.
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Furthermore, the report indicated that the number of metered customers in the second quarter of 2023 was 5.47 million, reflecting a growth of 3.10% from the 5.31 million customers in the previous quarter.
On a year-on-year basis, the number of metered customers increased by 10.40% compared to the 4.96 million customers in the second quarter of 2022.
The NBS also reported that there were an estimated 6.00 million customers during the second quarter of 2023, representing a 0.72% increase from the 5.96 million customers in the first quarter of the year.
The data from the NBS highlights the growth in revenue and customer numbers for the DisCos in Nigeria’s electricity supply industry.
“On a year-on-year basis, estimated customers increased by 2.58 per cent in Q2 2023 from 5.85 million in Q2 2022.
“Electricity supply was 5,909.83 (Gwh) in Q2 2023 from 5,851.87 (Gwh) in the previous quarter.
“However, on a year-on-year basis, electricity supply increased by 13.06 per cent compared to 5,226.97 (Gwh) reported in Q2 2022,” the report said.
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