The Electricity Distribution Companies (DisCos) operating in Nigeria’s electricity supply industry generated N434.94 billion in revenue in the third and fourth quarters of 2022, data obtained from the National Bureau of Statistics (NBS) has shown.
The bureau revealed this in its “Nigeria Electricity Report”, detailing revenue generated by DisCos in the third and fourth quarters of 2022, released on Monday.
The NBS said in terms of revenue, N232.32 billion was generated by the DisCos in Q4 2022 compared to N202.62 billion in Q3 2022.
The figures show that the distribution companies generated a sum of N434.94 billion in total for both quarters.
The NBS said the revenue collected in the fourth quarter of 2022 rose by 16.02 per cent from N200.23 billion in Q4 2021. It added that the electricity supply in Q4 2022 stood at 5,611 (Gwh) from 5,024 (Gwh) in Q3 2022, showing a rise of 11.68 per cent.
“On a year-on-year basis, electricity supply declined by 3.48 per cent…
Connect with us on our socials: