Percy Onyeka
According to data from the National Bureau of Statistics, the country’s supply of power decreased by 3% in the third quarter of 2023.
There was a reduction of 178.23 (Gwh) in the supply from 5,909.83 (Gwh) in Q2 of the same year to 5,731.60 (Gwh) in Q3.
This is covered in the bureau’s report, “Nigeria Electricity Report Q3 2023,” which addresses energy that distribution businesses bill, generate income from, and distribute to consumers.
According to studies, the Gwh (gigawatt hours) is a common unit of measurement for major electricity power plants’ output.
The report stated, “Electricity supply was 5,731.60 (Gwh) in Q3 2023 from 5,909.83 (Gwh) in the previous quarter.
“However, on a year-on-year basis, electricity supply increased by 14.09% compared to 5,023.96 (Gwh) reported in Q3 2022,” the bureau reported.
It also revealed that the number of electricity consumers in the country has risen to 11.71 million in Q3 2023.
This indicates an increase of 240,000 consumers as compared to 11.47 million users in Q2 2023, showing a 2.08% rise.
The report stated, “On a year-on-year basis, customer numbers in Q3 2023 rose by 7.09% from 10.94 million reported in Q3 2022.
“Similarly, metered customers stood at 5.68 million in Q3 2023, indicating a growth of 3.77% from 5.47 million recorded in the preceding quarter.”
The NBS added that on a YoY basis, “this grew by 13.07% from the figure reported in Q3 2022 which was 5.02 million.”
“On a year-on-year basis, revenue generated in the reference period rose by 28.40% from N202.62 billion recorded in Q3 2022.
Techrectory with Agency Report
