NBS, however, noted that on a year-on-year basis, electricity supply declined by 1.74 % compared to Q1 2022
By Kehinde Okeowo
The National Bureau of Statistics (NBS) has said power supply in Nigeria and revenue generated by Electricity Distribution Companies (DisCos) increased in the first quarter of 2023 (Q1 2023).
This was made known via NBS generated Nigeria Electricity Report for the first quarter of this year, which was released in Abuja on Wednesday, June 21.
According to the DAILY POST, power supply in Nigeria in Q1 2023 increased to 5,852 gigawatt hours, representing a 241 Gwh rise from 5,611 (Gwh) recorded in the fourth 2022 (Q4 2022).
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However, the report noted that on a year-on-year basis, electricity supply declined by 1.74 per cent compared to 5,956 (Gwh) reported in the first quarter of 2022 (Q1 2022).
Similarly, the report said revenue from the DisCos in Q1 2023 was N247.33 billion compared to the N232.32 billion collected in Q4 2022.
The report said on a year-on-year basis, revenue generated rose by 20.81 per cent from N204.74 billion recorded in Q1 2022.