5.92m Electricity Consumers Metered in Q2 2024 

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A total of 5.92 million electricity consumers were metered in Q2 2024, a growth of 0.25 per cent over the 5.91 million recorded in the preceding quarter.

This was contained in the latest report of the National Bureau of Statistics (NBS) which states that the figure, on a year-on-year basis, was 8.18 per cent over the 5.47 million metered in Q2 2023.

In the report, Electricity Report Q2 2024, the NBS states the estimated number of customers during the quarter was 7.07 million, higher by 10.04 per cent from 6.43 million in Q1 2024.

On a year-on-year basis, estimated customers increased by 17.86 per cent in Q2 2024 from 6.00 million in Q2 2023 and the revenue collected by the Discos during the period was N391.72 billion from N291.62 billion in Q1 2024.

On a year-on-year basis, revenue generated in the reference period rose by 48.90 per cent over N263.08 billion recorded in Q2 2023.

Electricity supply was 5,612.52 (Gwh) in Q2 2024 from 5,769.52 (Gwh) in the previous quarter. However, on a year-on-year basis, electricity supply decreased by 5.03 per cent compared to 5,909.83 (Gwh) reported in Q2 2023

The total number of electricity customers in Nigeria increased to 12.99 million in Q2 2024 from 12.33 million in Q1 2024, a 5.35 per cent increase

Year-on-year, customer numbers in Q2 2024 rose by 13.24 per cent from 11.47 million reported in Q2 2023.

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