Nigeria's electricity revenue in H1 2024 was 5.3x that of H1 2015

Over the years, Nigeria has seen significant increases in electricity revenue.

Revenue surged from ₦129 billion in 2015 to ₦683 billion in H1 2024, while the number of customers has doubled from 6.5 million to 13 million.

This 428% increase in revenue highlights rising consumption and tariff hikes.

Source:

National Bureau of Statistics

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Period:

H1 2015-H1 2024

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Eskom’s average electricity tariff in cents per kilowatt hour (c/kWh), 2013/14—2023/24

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Eko DisCo has a relatively high metering rate of 63.92% despite having fewer registered customers.
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While Kano soared with 331% growth in Q1 2025, Ibadan's deployments hit 42,685, marking a superior numerical increase of 5,596

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Aba DisCo more than doubled its metered customers, increasing by 116.87%.
Ikeja DisCo, despite being a top performer overall, saw a 23.62% drop in meter installations.
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Cape Verde has the highest electricity fluctuations, averaging 6056.4 kWh

The Gambia, Guinea-Bissau, Niger, Sierra Leone, and Guinea had the most stable electricity supply from 2000 to 2021.
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