Nigeria's electricity revenue has nearly quadrupled since 2015, growing from ₦279 billion to ₦1.07 trillion in 2023

Nigeria’s electricity distribution companies (DISCOs) generated ₦1.07 trillion revenue in 2023 — double 2020's amount and 3.8x that of 2015. From 2015 to 2023, revenue has grown from ₦279b to ₦1.07t, while customer base has increased by over 5m, from 7m to 12.1m.

Source:

National Bureau of Statistics

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Period:

2015 - 2023

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