The National Bureau of Statistics (NBS) said electricity Distribution Companies (DisCos) collected N391.72 billion revenue in the second quarter of 2024 (Q2 2024).
Its document titled: “Electricity Report Q2 2024”, which made the disclosure also said the revenue increased by 48.90% on a year-on-year basis from N263 billion the corresponding quarter of 2023.
NBS said: “Revenue collected by the DISCOs during the period was N391.72 billion from N291.62 billion in Q1 2024.
”On a year-on-year basis, revenue generated in the reference period rose by 48.90% from N263.08 billion recorded in Q2 2023”.
NBS also said total customer numbers in Q2 2024 stood at 12.99 million from 12.33 million in Q1 2024, showing an increase of 5.35%.
According to the report, on a year-on-year basis, customer numbers in Q2 2024 rose by 13.24% from 11.47 million reported in Q2 2023.
It stated metered customers stood at 5.92 million in Q2 2024, indicating a growth of 0.25% from 5.91 million recorded in the pre ceding quarter.
NBS said on a year-on-year basis, this grew by 8.18% from the figure reported in Q2 2023 which was 5.47 million.
It added that estimated customers during the quarter were 7.07 million, higher by 10.04% from 6.43 million in Q1 2024.
NBS said on a year-on-year basis, estimated customers increased by 17.86% in Q2 2024 from 6.00 million in Q2 2023.
The data added that “Electricity supply was 5,612.52 (Gwh) in Q2 2024 from 5,769.52 (Gwh) in the previous quar ter.
”However, on a year-on-year basis, electricity supply decreased by 5.03% compared to 5,909.83 (Gwh) reported in Q2 2023”.
