Electricity Distribution Companies (Discos) in the country raked in a total of N2.4 trillion as revenue between 2015 and 2020.
This is according to the June Electricity Report, which presents statistics on electricity from 2015 to 2020, by the National Bureau of Statistics (NBS).
The report further indicated that the trajectory of metered customers had shown annual positive growth rates consecutively except in 2020.In 2015, metered customers were 3.15 million and rose slightly by 0.23 per cent in 2016.
This also increased in 2017 and 2018 with 3.57 million and 3.58 million customers respectively.Metered customers in 2019 stood at 3.80 million, showing a 5.96 per cent growth rate, yet lower in 2020 when 3.51 million customers were metered.
According to the NBS, revenue generated by the DisCos in 2015 stood at N278.89 billion and rose to N303.03 billion in 2016, showing an 8.65 per cent growth rate.Also, in 2017, revenue generated increased by 22.25 per cent to N370.46 billion and further rose by 19.48 per cent in 2018 to N442.63 billion.
It further increased by 9.03 per cent in 2019, to N482.61 billion as well as a sustained positive growth of 9.15 per cent when N526.77 billion was collected in 2020.
The report focuses on customer numbers, metered customers, estimated billing customers, and most importantly, electricity supply and revenue collected under the reviewed period.
