Nigeria Electricity Report Q3 2023

Key Highlights

Total customer numbers in Q3 2023 stood at 11.71 million from 11.47 million in Q2 2023, showing an increase of 2.08%. On a year-on-year basis, customer numbers in Q3 2023 rose by 7.09% from 10.94 million reported in Q3 2022. Similarly, metered customers stood at 5.68 million in Q3 2023, indicating a growth of 3.77% from 5.47 million recorded in the preceding quarter. On a year-on-year basis, this grew by 13.07% from the figure reported in Q3 2022 which was 5.02 million.

In addition, estimated customers during the quarter were 6.03 million, higher by 0.53% from 6.00 million in Q2 2023. On a year-on-year basis, estimated customers increased by 2.02% in Q3 2023 from 5.91 million in Q3 2022. Revenue collected by the DISCOs during the period was N260.16 billion from N263.08 billion in Q2 2023. On a year-on-year basis, revenue generated in the reference period rose by 28.40% from N202.62 billion recorded in Q3 2022.

Electricity supply was 5,731.60 (Gwh) in Q3 2023 from 5,909.83 (Gwh) in the previous quarter. However, on a year-on-year basis, electricity supply increased by 14.09% compared to 5,023.96 (Gwh) reported in Q3 2022.


Data source: National Bureau of Statistics