WATCH THE VIDEO HERE By Adedapo Adesanya The Electricity Distribution Companies (DISCOs) in Nigeria collected N291.62 billion in revenue in the first quarter of 2024, 1.1 per cent lower than the N294.95 billion collected in Q4 2023. This is according to the National Bureau of Statistics (NBS) electricity report data for the first quarter of 2024. Analyzed year-on-year, the NBS data showed revenue generated in the reference period rose by 17.9 per cent from N247.33 billion recorded in Q1 2023. In terms of electricity supply, Nigeria recorded a total of 5,769.52 (Gwh) in Q1 2024, a drop of 10 per cent from 6,432.22 (Gwh)
Discos Revenue Drops 1.1% to N291.62bn in Q1 2024
