Estimated Electricity Customers Rise To 6.43 Million Q1 2024 — NBS

The number of estimated electricity customers rose by 10.22 per cent to 6.43 million in Q1 2024, according to data from the National Bureau of Statistics (NBS).

The NBS report, ‘Electricity Report for the first quarter (Q1) of 2024’ released on Tuesday in Abuja, said the increase was against the 5.83 million recorded in Q4 2023.

“On a year-on-year basis, estimated customers increased by 7.88 per cent in Q1 2024 from the 5.96 million recorded in Q1 2023,” it stated.

The review focuses on energy billed, revenue generated, and customers by electricity distribution companies under the reviewed period.

The number of electricity consumers rose by 210,000 from 12.12 million in the fourth quarter of 2023 to 12.33 million in the first quarter of 2024. The increase was by 1.78 per cent.

It stated that on a year-on-year basis, the number of electricity customers increased by 9.47 per cent in Q1 2024 from 11.27 million reported in Q1 2023.

It said in Q1 2024, the number of metered customers stood at 5.91 million compared with the 5.61 million recorded in Q4 2023, this indicated a 5.38 per cent increase.

“On a year-on-year basis, the figure grew by 11.26 per cent from the 5.31 million reported in Q1 2023,’’ it said.

The NBS also said that electricity distribution companies collected N291.62 billion in revenue in Q1 2024 compared with the N294.95 billion they collected in Q4 2023.

It added that on a year-on-year basis, revenue collected rose by 17.91 per cent over the N247.33 billion collected in Q1 2023.

It stated that electricity supply was 5,769 (Gwh) in the first quarter of 2024 from 6,432 (Gwh) recorded in the fourth quarter of 2023.

However, the report said on a year-on-year basis, electricity supply decreased by 1.41 per cent in Q1 2024 compared with the 5,851 (Gwh) reported in Q1 2023.