Nigeria Electricity Report Q1 2024: Energy Billed, Revenue Generated And Customers By DISCOS

Executive Summary

Total customer numbers in Q1 2024 stood at 12.33 million from 12.12 million in Q4 2023, showing an increase of 1.78%. On a year-on-year basis, customer numbers in Q1 2024 rose by 9.47% from 11.27 million reported in Q1 2023. Similarly, metered customers stood at 5.91 million in Q1 2024, indicating a growth of 5.38% from 5.61 million recorded in the pre ceding quarter. On a year-on-year basis, this grew by 11.26% from the figure reported in Q1 2023 which was 5.31 million. In addition, estimated customers during the quarter were 6.43 million, higher by 10.22% from 5.83 million in Q4 2023. On a year-on-year basis, estimated customers increased by 7.88% in Q1 2024 from 5.96 million in Q1 2023. Revenue collected by the DISCOs during the period was N291.62 billion from N294.95 billion in Q4 2023. On a year-on-year basis, reve nue generated in the reference period rose by 17.91% from N247.33 billion recorded in Q1 2023. Electricity supply was 5,769.52 (Gwh) in Q1 2024 from 6,432.22 (Gwh) in the previous quar ter. However, on a year-on-year basis, electricity supply decreased by 1.41% compared to 5,851.87 (Gwh) reported in Q1 2023. 

Data source: National Bureau of Statistics