Revenue generated by electricity Distribution companies dipped by N3bn in the first quarter of 2024, fresh data by the National Bureau of Statistics (NBS) has shown.
According to the Nigeria Electricity Report in the first quarter of this year published by the bureau recently, revenue collected by the DISCOs in Q1, 2024 was N291.62 billion, down from N294.95 billion in Q4 2023.
On a year-on-year basis, revenue generated in the reference period rose by 17.91%, up from N247.33 billion recorded in Q1 2023.
