• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Energy

Electricity supply by Discos declines by 10.3% in Q1, 2024 – NBS 

Aghogho Udi by Aghogho Udi
June 23, 2024
in Energy, Sectors
Nigeria to fix irregular power supply in 40 years- Senate, Customers to pay for metering through cost of tariff- NERC
Share on FacebookShare on TwitterShare on Linkedin

The total volume of electricity supply by Discos to customers in the first quarter of 2024 declined by 10.3% from 6,432.22 (Gwh) in Q4, 2023 to 5,769.52 (Gwh) in the first three months of this year.  

This is according to the Nigeria Electricity Report in the first quarter of this year published by the National Bureau of Statistics (NBS).  

However, on a year-on-year basis, electricity supply decreased by 1.41% compared to the 5,851.87 GWh reported in Q1 2023.  

RelatedStories

Wale Edun pushes finance ministry directors to deliver 7% GDP growth 

Nigeria’s rebased GDP and Q1 2025 growth signal economic transformation – Wale Edun 

July 23, 2025
GDP

Rebasing shrinks Nigeria’s debt-to-GDP to 39.4% in Q1 2025, below FG limit of 40%  

July 22, 2025

Ikeja Disco distributed the highest electricity in the quarter under review at 908 (GWh) trailed by Eko and Abuja Disco at 849 (GWh) and 846 (GWh).  

Revenue collection by Discos in Q1 

Revenue collected by the DISCOs in Q1, 2024 was N291.62 billion, down from N294.95 billion in Q4 2023. On a year-on-year basis, revenue generated in the reference period rose by 17.91%, up from N247.33 billion recorded in Q1 2023. 

Ikeja, Eko and Abuja Discos topped in terms of revenue collection in the quarter receiving N57.87 billion, N48.74 billion and N48.60 billion respectively.

On the other hand, Kaduna, Kano and Yola Discos raked in the lowest revenue at N9.60 billion, N13.6 billion and N5.4 billion respectively. 

Number of electricity customers 

Furthermore, total customer numbers in Q1 2024 stood at 12.33 million, up from 12.12 million in Q4 2023, representing an increase of 1.78%.

On a year-on-year basis, customer numbers in Q1 2024 rose by 9.47%, compared to the 11.27 million reported in Q1 2023. 

Similarly, the number of metered customers stood at 5.91 million in Q1 2024, indicating a growth of 5.38% from the 5.61 million recorded in the preceding quarter.

On a year-on-year basis, this figure grew by 11.26% from the 5.31 million reported in Q1 2023. 

When compared by Discos, Ibadan Disco had the highest number of metered customers at 1.06 million followed by Ikeja Disco and Abuja Disco with 919 thousand and 892 thousand respectively.

The Disco with the least number of metered customers were Kano, Kaduna and Yola Discos with 211 thousand, 206 thousand and 126 thousand respectively. 

Additionally, estimated billed customers during the quarter totalled 6.43 million, an increase of 10.22% from the 5.83 million in Q4 2023.

On a year-on-year basis, estimated customers increased by 7.88% in Q1 2024, up from 5.96 million in Q1 2023. 

Ibadan also recorded the highest number of estimated billed customers at 1.41 million followed by Enugu Disco at 765 thousand and Yola Disco at 690 thousand.  

Recent efforts to decrease the metering gap in Nigeria 

Recently, the Nigerian Electricity Regulatory Commission (NERC) approved N21 billion to purchase electricity meters for Band A customers to decrease the metering gap.

Furthermore, the World Bank recently approved a $500 million loan for the electricity sector part of which will be used for mass metering across the country.  

 


Follow us for Breaking News and Market Intelligence.
Tags: Band A customersDISCOSelectricity supplymetering gap in NigeriaNBSQ1 2024
Aghogho Udi

Aghogho Udi

My name is Aghogho Udi, a writer, journalist, and researcher, deeply intrigued by the political economy of Nigeria and the broader African context. My focus lies in shedding light on the intricate connections between macroeconomics and politics, offering valuable insights that foster comprehension of Africa's prevailing economic landscape and the world in general.

Related Posts

Wale Edun pushes finance ministry directors to deliver 7% GDP growth 
Economy

Nigeria’s rebased GDP and Q1 2025 growth signal economic transformation – Wale Edun 

July 23, 2025
GDP
Economy

Rebasing shrinks Nigeria’s debt-to-GDP to 39.4% in Q1 2025, below FG limit of 40%  

July 22, 2025
GDP
Economy

Rebased GDP report shows Nigeria’s economy hits N372.82 trillion in 2024 – NBS 

July 21, 2025
FDI, foreign direct investment, Covid-19: Nigerian government explains how it will fund proposed N2.3 trillion stimulus
Breaking News

Nigeria’s GDP grows by 3.13% in Q1 2025 – NBS

July 21, 2025
NERC's new meter pricing sparks divergent opinions among industry and consumers 
Energy

Enugu slashes electricity tariff for Band A customers to N160/kWh, effective August 1 

July 21, 2025
NERC adopts new tariff tool for mini-grid regulation  
Energy

EKEDC, IKEDC, AEDC top remittance chart as DisCos pay N1.18 trillion in 2024 – NERC 

July 14, 2025
Next Post
Nigerian Gold Bars add over $5 million to Nigeria’s foreign reserve assets – Dele Alake 

Nigerian Gold Bars add over $5 million to Nigeria’s foreign reserve assets - Dele Alake 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

first bank








DUNS

Recent News

  • Aradel upgrades Chairman’s annual pay to $68,750, reveals new sitting allowance and Directors’ fees 
  • Early flier, FirstHoldco reports N169.6 billion pretax profit in Q2 2025  
  • AfDB commits $1.2 million for Nigeria’s battery energy storage feasibility study 

Follow us on social media:

Recent News

Aradel Holdings profits soar 5 folds to N259 billion in 2024

Aradel upgrades Chairman’s annual pay to $68,750, reveals new sitting allowance and Directors’ fees 

July 30, 2025
First Bank

Early flier, FirstHoldco reports N169.6 billion pretax profit in Q2 2025  

July 30, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics