Discos Make One Trillion Naira Amid Grid Crisis, Unmetered Customers Hit 5.8m

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Despite the persistent epileptic power supply nationwide, revenue generation by electricity distribution companies in Nigeria surged to N1.1trn within the 12 months of 2023.
The National Bureau of Statistics on Monday disclosed the represents an increase of N234.4bn or 28.2 per cent from the N831bn generated by the power firms over a similar period in 2022.
A further analysis stated that the number of metered numbers increased by 9.38 per cent or 480,833 while the number of customers under estimated billings reduced slightly by 1.73 per cent to 5.8m.
As reported by Punch, the latest data came despite the sporadic power grid collapses recorded during the year.

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