By Milcah Tanimu
According to data from the National Bureau of Statistics (NBS), Nigeria’s Electricity Distribution Companies (DisCos) in the electricity supply sector reported a total revenue of N263 billion in the second quarter of 2023. The NBS released this information in its Nigeria electricity report, which provides details on energy billed, revenue generated, and customer statistics by DisCos for Q2 2023.
In Q2 2023, the DisCos collected N263.08 billion in revenue, up from N247.33 billion in the previous quarter (Q1 2023). On a year-on-year basis, this represents a significant increase of 39.63 percent compared to N188.41 billion generated in Q2 2022.
The report also highlighted customer statistics for the same period. The total number of customers in Q2 2023 reached 11.47 million, up from 11.27 million in Q1 2023, indicating a 1.84 percent increase. Year-on-year, customer numbers in Q2 2023 grew by 6.17 percent compared to 10.81 million in Q2 2022.
Metered customers in Q2 2023 numbered 5.47 million, which represents a 3.10 percent growth compared to 5.31 million in the previous quarter. On a year-on-year basis, this figure increased by 10.40 percent from 4.96 million in Q2 2022.
Additionally, estimated customers for the quarter were reported at 6.00 million, showing a 0.72 percent increase from 5.96 million in Q1 2023. Year-on-year, estimated customers in Q2 2023 grew by 2.58 percent compared to 5.85 million in Q2 2022.
Regarding electricity supply, the report noted that in Q2 2023, it reached 5,909.83 Gigawatt hours (Gwh), up from 5,851.87 Gwh in the previous quarter. On a year-on-year basis, this represents a substantial increase of 13.06 percent compared to 5,226.97 Gwh reported in Q2 2022.
