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
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