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    Nigeria’s Power Sector Records 11.4m Customers in Q2

    September 12, 2023 - This Day


      Emmanuel Addeh in Abuja

      The total customer numbers in Nigeria's electricity supply industry rose to 11.47 million in the first quarter of 2023, from the previous 11.27 million in the first quarter, showing an increase of 1.84 per cent.

      New data from the National Bureau of Statistics (NBS), also showed that on a year-on-year basis, customer numbers in Q2, 2023 rose by 6.17 per cent from 10.81 million reported in the same period in 2022.

      Similarly, metered customers stood at 5.47 million in Q2, 2023, indicating a growth of 3.10 per cent, the NBS report noted, from 5.31 million recorded in the preceding quarter.

      On a year-on-year basis, this grew by 10.40 per cent from the figure reported in Q2, 2022 which was 4.96 million.

      " In addition, estimated customers during the quarter were 6 million, higher by 0.72 per cent from 5.96 million in Q1, 2023.

      "On a year-on-year basis, estimated customers increased by 2.58 per cent in Q2, 2023 from 5.85 million in Q2, 2022,"the bureau said.

      On revenue collected by the Distribution Companies (Discos) during the period, the NBS pegged it at N263.08 billion, up from N247.33 billion in Q1, 2023.

      "On a year-on-year basis, revenue generated in the reference period rose by 39.63 per cent from N188.41 billion recorded 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 NBS stated.


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