The Electricity Distribution Companies (DisCos) operating in Nigeria’s electricity supply industry generated N434.94 billion in revenue in the third and fourth quarters of 2022, data obtained from the National Bureau of Statistics (NBS) has shown.
The bureau revealed this in its “Nigeria Electricity Report”, detailing revenue generated by DisCos in the third and fourth quarters of 2022, released on Monday.
The NBS said in terms of revenue, N232.32 billion was generated by the DisCos in Q4 2022 compared to N202.62 billion in Q3 2022.
