March 3, 2024
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ELECTRICITY

Nigeria’s Electricity Consumers Surged to 11.7 Million in Q3 2023 – Report

Nigeria’s National Bureau of Statistics (NBS) has reported a surge in the number of electricity consumers, revealing an increase of 240,000 from 11.47 million in the second quarter of 2023 to 11.71 million in the third quarter of the same year.

This represents a 2.08% rise, as disclosed in the NBS’s Nigeria Electricity Report for Q3 2023 released in Abuja on Thursday.

The comprehensive review focuses on key aspects such as energy billed, revenue generated, and customer statistics attributed to distribution companies (DisCos) during the specified period.

On a year-on-year basis, the NBS highlights a substantial 7.09% increase in the number of electricity customers during Q3 2023 compared to the same period in 2022, rising from 10.94 million to 11.71 million.

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Q3 2023 witnessed a notable growth in metered customers, reaching 5.68 million from the 5.47 million reported in Q2 2023, marking a 3.77% increase.

On a year-on-year basis, this figure experienced a substantial rise of 13.07% from the 5.02 million recorded in Q3 2022.

The NBS also reported that estimated electricity customers in Q3 2023 stood at 6.03 million, reflecting a 0.53% increase from the six million recorded in Q2 2023.

Additionally, on a year-on-year basis, estimated customers exhibited a 2.02% growth in Q3 2023 compared to the 5.91 million recorded in the same quarter of 2022.

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