….as metered customers grow by 10.86%
The National Bureau of Statistics, Nigeria’s national statistical system coordinating agency, has reported that revenue generated from electricity consumption in the first quarter of this year in the country rose to N247.33 billion, representing 20.81% growth when compared to the N204.74 billion raked in Q1 2022.
In its ‘Nigeria Electricity Report: Energy Billed, Revenue Generated And Customers By DISCOS Q1 2023’ posted on its website on Wednesday, the Bureau specifically reported that “on a year-on-year basis, estimated customers increased by 1.99% in Q1 2023 from 5.84 million in Q1 2022. Revenue collected by the DISCOs during the period was N247.33 billion from N232.32 billion in Q4 2022.”
It also disclosed that electricity customers with installed meters rose to 5.31 million in the first quarter of this year, representing an increase of 10.86% when compared to the 4.79 million recorded in the corresponding quarter of 2022.
According to the statistics agency, when analyzed on quarter-on-quarter basis, the total customer figures in Q1 2023 totalled 11.27 million, showing an increase of 1.89% from 11.06 million recorded in Q4 2022.
The electricity report reflected that on a year-on-year basis, customer numbers in Q1 2023 rose by 5.99% from 10.63 million reported in Q1 2022.
The Bureau stated: “Similarly, metered customers stood at 5.31 million in Q1 2023, indicating a growth of 3.61% from 5.13 million recorded in the preceding quarter.
“On a year-on-year basis, this grew by 10.86% from the figure reported in Q1 2022 which was 4.79 million. In addition, estimated customers during the quarter were 5.96 million in Q1 2023, higher by 0.40% from 5.93 million in Q4 2022”, it added.
The report also indicated that electricity supply was 5,852 (Gwh) in Q1 2023 from 5,611 (Gwh) in the previous quarter, but that on a year-on-year basis, electricity supply declined by 1.74% compared to 5,956 (Gwh) reported in the first quarter of last year.
