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Nigerian electricity consumers increase by 240,000 in Q3 2023 –NBS

*The National Bureau of Statistics, in its latest electricity report, also discloses the number of metered electricity consumers stood at 5.68 million as of Q3 2023 from the 5.47 million recorded in Q2 last year, indicating a 3.77 percent increase

Isola Moses | ConsumerConnect

The National Bureau of Statistics (NBS) has disclosed the number of electricity consumers in Nigeria increased by 240,000 from 11.47 million in the second quarter (Q2) 2023 to 11.71 million in the third quarter (Q3) 2023.

ConsumerConnect reports the NBS stated this in its Nigeria’s electricity report for the third quarter of 2023, released Thursday, February I, 2024, in Abuja, FCT.

The statistical regulatory agency said increase in the number of power consumers in the West African country as of Q3 last year was by 2.08 percent.

According to NBS, the review focused on energy billed, revenue generated, and customers by distribution companies, DisCos, under the reviewed period.

The NBS report also noted that on a year-on-year basis, the number of electricity customers increased by 7.09 percent in Q3 2023 from 10.94 million reported Q3 2022.

It also said in Q3 2023, the number of metered electricity consumers stood at 5.68 million from the 5.47 million recorded in Q2 2023, indicating a 3.77 percent increase.

The agency stated: “On a year-on-year basis, the figure grew by 13.07 per cent from the 5.02 million reported in Q3 2022.”

Similarly, estimated electricity customers stood at 6.03 in Q3 2023, showing an increase of 0.53 percent over the six million recorded in Q2 2023, said the report.

The NBS electricity report said: “On a year-on-year basis, estimated customers increased by 2.02 percent in Q3 2023 from the 5.91 million recorded in Q3 2022.”

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