Latest data by the National Bureau of Statistics has shown that the rate of metered electricity customers stood at 5.13 million in the fourth quarter of 2022 from 5.02 million in Q3 2022, indicating a 2.00 percent growth rate.
Nevertheless, on a year-on-year basis, this grew by 7.37 percent from 4.77 million in Q4 2021. From that figure, the 11 electricity distribution companies (DisCos) generated N232.32 billion revenue in the Q4 2022 period, compared to N202.62 billion in Q3 2022.
The total number of estimated customers was 5.93 million in Q4 2022, higher by 0.34 percent from the 5.91 million reported in Q3 2022. On a year-on-year basis, this rose by 3.34 percent in Q4 2022 from the figure reported in Q4 2021, the NBS report showed.
The total customer numbers in Q3 2022 stood at 10.94 million from 10.81 million in Q2 2022, showing a rise of 1.20 percent. On a year-on-year basis, customer numbers in Q3 2022 declined by 1.19 percent from Q3 2021 (11.07 million). In Q3 2022, metered customers stood at 5.02 million from 4.96 million in Q2 2022, indicating a 1.33 percent increase.
