National Economy
Sunday, August 31, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Business

Electricity Consumers Increase To 11.71m In Q3 2023 – NBS

by  BUKOLA ARO-LAMBO and Olushola Bello
2 years ago
in Business, News
Reading Time: 2 mins read
Electricity
Share on FacebookShare on TwitterShare on Telegram

The number of electricity consumers rose by 240,000 from 11.47 million in the second quarter of 2023 to 11.71 million in the third quarter of 2023.

The National Bureau of Statistics (NBS) stated in its Nigeria’s electricity report for the third quarter of 2023 released in Abuja on Thursday, that the increase was by 2.08 per cent.

The review focuses on energy billed, revenue generated, and customers by DISCOS under the reviewed period.

It stated that on a year-on-year basis, the number of electricity customers increased by 7.09 per cent in Q3 2023 from 10.94 million reported in Q3 2022.

You May Like

Federal Gov’t Unveils Boards Of South, West, North Dev’t Commissions

Police Arrest Suspected Cult Kingpin, 3 Vandals In Akwa Ibom Raids

It said Q3 2023, the number of metered customers stood at 5.68 million from the 5.47 million recorded in Q2 2023, this indicated a 3.77 per cent increase.

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

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

“On a year-on-year basis, estimated customers increased by 2.02 per cent in Q3 2023 from the 5.91 million recorded in Q3 2022.”

The NBS also said that electricity distribution companies collected N260.16 billion in revenue in Q3 2023 compared to the N263.08 billion they collected in Q2 2023 .

It added that on a year-on-year basis, revenue collected rose by 28.40 per cent over the N202.62 billion collected in the third quarter of 2022.

It stated that electricity supply dropped to 5,731.60 (Gwh) in the third quarter of 2023 from 5,909.83 (Gwh) recorded in the second quarter of the year.

However, the report said on a year-on-year basis, electricity supply increased by 14.09 per cent in Q3 2023 compared with the 5,023.96 (Gwh) reported in the Q2 2022. 

 

 

Tags: ElectricityElectricity Consumers Increase
ShareTweetShare
Previous Post

Softalliance Attains 4 ISO Certifications

Next Post

‘Environmental Factors Wipe Out 3m Nigerian Businesses’

ANOTHER GOOD READ

Federal Gov’t Approves ₦142bn For Bus Terminals In 6 Geopolitical Zones
Business

Federal Gov’t Unveils Boards Of South, West, North Dev’t Commissions

1 day ago
Manager, 2 Others Nabbed For Alleged Theft, Vandalism At Abia Firm
News

Police Arrest Suspected Cult Kingpin, 3 Vandals In Akwa Ibom Raids

2 days ago
‘How I Became Bank Manager At 27’ — Tony Elumelu
Business

‘How I Became Bank Manager At 27’ — Tony Elumelu

2 days ago
Mixed Reactions Trail Federal Govt’s Passport Fee Hike
News

Mixed Reactions Trail Federal Govt’s Passport Fee Hike

2 days ago
Oyo Gov’t Denies False Pensioner Verification Notice
News

Oyo Gov’t Tackles APC Over N300bn ‘Fresh’ Loan Claim

2 days ago
US Says Nigeria’s N70,000 Minimum Wage Below Poverty Income Level
Business

Passport Now Costs More Than Minimum Wage’, Obi Slams Federal Gov’t Over Fees Hike

2 days ago
Next Post
‘Environmental Factors Wipe Out 3m Nigerian Businesses’

‘Environmental Factors Wipe Out 3m Nigerian Businesses’

Most Recent

Federal Gov’t Approves ₦142bn For Bus Terminals In 6 Geopolitical Zones

Federal Gov’t Unveils Boards Of South, West, North Dev’t Commissions

August 29, 2025
Manager, 2 Others Nabbed For Alleged Theft, Vandalism At Abia Firm

Police Arrest Suspected Cult Kingpin, 3 Vandals In Akwa Ibom Raids

August 29, 2025
‘How I Became Bank Manager At 27’ — Tony Elumelu

‘How I Became Bank Manager At 27’ — Tony Elumelu

August 29, 2025
Mixed Reactions Trail Federal Govt’s Passport Fee Hike

Mixed Reactions Trail Federal Govt’s Passport Fee Hike

August 29, 2025
Oyo Gov’t Denies False Pensioner Verification Notice

Oyo Gov’t Tackles APC Over N300bn ‘Fresh’ Loan Claim

August 29, 2025
US Says Nigeria’s N70,000 Minimum Wage Below Poverty Income Level

Passport Now Costs More Than Minimum Wage’, Obi Slams Federal Gov’t Over Fees Hike

August 29, 2025
Global Airlines Group Pushes To Raise Pilot Retirement Age To 67

Global Airlines Group Pushes To Raise Pilot Retirement Age To 67

August 28, 2025
Dangote Hails Tinubu Over NNPCL Leadership Choice

Dangote Signs $2.5bn Deal To Build Fertiliser Plant In Ethiopia

August 28, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy