Revenue collected by electricity distribution companies in Nigeria 2023, by company

Published by
Doris Dokua Sasu,
Jan 30, 2024
As of the third quarter of 2023, the electricity distribution company in Ikeja, in Nigeria, received over 57 billion Nigerian naira (NGN) (roughly 64 million U.S. dollars) in revenue. This was against a total billing of 58.4 billion NGN. Moreover, Eko and Abuja contributed some 44 billion NGN and 41 billion NGN to the total electricity revenue, respectively. Overall, the Nigerian electricity companies registered an electricity income of approximately 268 billion NGN in the said quarter.

Revenue received from electricity distribution in Nigeria as of the third quarter of 2023, by company (in billion Nigerian naira)

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Release date

December 2023

Region

Nigeria

Survey time period

Q3 2023

Special properties

collected revenue; 11 distribution companies (DisCos)

Supplementary notes

Currency conversion rate as of 30.01.2024.

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