The National Bureau of Statistics (NBS) says electricity distribution companies (DisCos) in Nigeria made a total of N291.62 billion in the first quarter (Q1) of 2024.
The revenue by DisCos rose by 17.91 percent compared to the N247.33 billion recorded in Q1 of 2023, the bureau said.
NBS, in its latest report on electricity for Q1 2024, released on Sunday, also said there was a decline in electricity supply in the period reviewed.
According to the bureau, power supply dropped from 6,432.22 gigawats per hour (Gwh) in Q4 2023 to 5,769.52 (Gwh) in Q1 2024.
However, on a year-on-year basis, electricity supply decreased by 1.41 percent compared to 5,851.87 (Gwh) reported in Q1 2023, NBS said.
“Revenue collected by the DisCos during the period was N291.62 billion from N294.95 billion in Q4 2023, “ the report reads.
“On a year-on-year basis, revenue generated in the reference period rose by 17.91% from N247.33 billion recorded in Q1 2023.”
The NBS also said the total number of customers stood at 12.33 million in Q1 up from 12.12 million in Q4 2023 representing an increase of 1.78 percent.
