Electricity Distribution Companies (Discos) in Nigeria have recorded an increase in earnings from the N526.77 billion revenue in 2020, to a total revenue of N761.17 billion, which amounts to a 44.5% increase, according to the National Bureau of Statistics (NBS) new Nigeria Electricity Report 2021.
The report was released in Abuja on Monday.
The report noted that electricity customers increased from 10.37 million in 2020 to 10.51 million in 2021, while the number of metered customers rose by 36.18 per cent from 3.51 million in 2020 to 4.77 million in 2021.
Meanwhile, estimated billing customers decreased by 16.32 per cent from 6.86 million in 2020 to 5.74 million in 2021.
The report also showed that in total, the electricity bill in 2021 grew by 5.98 per cent from 22,042.28 (Gwh) in 2020 to 23,360.59 (Gwh) in 2021.
It said that the Abuja Electricity Distribution Company (AEDC) recorded the highest number of metered customers in 2021 at 701,781, while Yola Electricity Distribution Company (YEDC) recorded the least with 65,098.
Similarly, it added that Ikeja Electricity Distribution Company (IEDC) recorded the highest electricity supply in 2021 with 4,088.62 Gwh, while YEDC recorded the lowest at 422.00 Gwh.
In the meantime, the report said the highest revenue collected was by IEDC with 155,012.01 million while the least collection was recorded in YEDC with 9,804.00m million.