The National Bureau of Statistics (NBS) has revealed that the number of electricity consumers in Nigeria rose to 12.12 million during the fourth quarter of 2023, marking a notable increase of 410,000 from the previous quarter. This surge represents a 3.46% growth in the consumer base.<\/p>\n
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The NBS Electricity Report for Q4 2023 underscores the steady expansion in Nigeria’s electricity market. Compared to the same period in 2022, the number of electricity customers saw a significant uptick of 9.59% year-on-year, reaching 12.12 million in Q4 2023.<\/p>\n
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Within the consumer segment, the report delineates between metered and estimated customers. In Q4 2023, metered customers totaled 5.61 million, showing a marginal decline from the previous quarter. Conversely, estimated customers experienced a 3.34% decrease, totaling 5.83 million during the same period.<\/p>\n
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In terms of revenue collection, electricity distribution companies amassed N294.95 billion in Q4 2023, indicating a substantial increase of 26.96% compared to the same period in 2022. This surge reflects the growing financial viability of the electricity sector.<\/p>\n
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Moreover, the report sheds light on the supply side dynamics. Electricity supply surged to 6,432 (Gwh) in Q4 2023, marking a significant 14.64% increase compared to Q4 2022. This surge in supply underscores efforts to enhance the reliability and availability of electricity across Nigeria.<\/p>\n
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The findings from the NBS Electricity Report provide valuable insights into the evolving landscape of Nigeria’s electricity sector. As the country continues to grapple with challenges in power generation, distribution, and access, initiatives aimed at bolstering infrastructure, improving service delivery, and enhancing revenue collection remain paramount for sustainable growth and development in the sector.<\/p>\n
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The rise in electricity consumers, coupled with increased revenue collection and supply, underscores the need for continued investment and reform efforts to ensure reliable, affordable, and accessible electricity for all Nigerians.<\/p>\n","protected":false},"excerpt":{"rendered":"
The National Bureau of Statistics (NBS) has revealed that the number of electricity consumers in Nigeria rose to 12.12 million during the fourth quarter of 2023, marking a notable increase of 410,000 from the previous quarter. This surge represents a 3.46% growth in the consumer base. The NBS Electricity Report for Q4 2023 underscores […]<\/p>\n","protected":false},"author":14,"featured_media":25364,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[],"class_list":["post-25363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/25363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=25363"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/25363\/revisions"}],"predecessor-version":[{"id":25365,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/25363\/revisions\/25365"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/25364"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=25363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=25363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=25363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}