Electricity Customers Grow To 12.1m In Q4, 2023 -NBS

By Sunday Etuka, Abuja

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The latest report from the National Bureau of Statistics (NBS) indicated that the total number of electricity customers in Q4 2023 stood at 12.12 million from 11.71 million recorded in Q3 2023, showing an increase of 3.46%.

NBS said, on a year-on-year basis, the customer numbers in Q4 2023 rose by 9.59% from 11.06 million reported in Q4 2022.

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The Bureau, in its report also said that metered customers stood at 5.61 million in Q4 2023, indicating a decrease in the growth rate of 1.32% from 5.68 million recorded in the preceding quarter.

“On a year-on-year basis, this grew by 9.38% from the figure reported in Q4 2022 which was 5.13 million”, it said.

Meanwhile, it said, estimated customers during the quarter were 5.83 million, showing a decrease of 3.34% from 6.03 million in Q3 2023.

On a year-on-year basis, it said, the estimated customers also decreased by 1.73% in Q4 2023 from 5.93 million in Q4 2022.

NBS disclosed that the revenue collected by the DISCOs during the period was N294.95 billion from N260.16 billion in Q3 2023.

On a year-on-year basis, it said, the revenue generated in the reference period rose by 26.96% from N232.32 billion recorded in Q4 2022.

The report also said that the electricity supply was 6,432. (Gwh) in Q4 2023 from 5,732 (Gwh) in the previous quarter.

However, it said, on a year-on-year basis, electricity supply increased by 14.64% compared to 5,611 (Gwh) reported in Q4 2022.

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