BUSINESS

Nigeria’s Electricity Supply Increased By 14.64 In 2023 – NBS

Nigeria’s electricity supply increased by 14.64 per cent in the fourth quarter of 2023 on a year-on-year basis.

This was disclosed by the National Bureau of Statistics’ latest electricity report.

The report said the country’s electricity supply surged to 6,432 gigawatt-hours in Q4 2023 from 5,732gwh in the previous quarter. Also, the figure represents an increase compared to 5,611Gwh reported in Q4 2022.

READ ALSO: Naira Appreciation: Price Of Goods Not Reducing – Accord Party Tells FG

Meanwhile, the electricity supply has dropped drastically since January 2024.

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The Minister of Power, Adebayo Adelabu, lamented that a 4,000-megawatt power supply for a country with an estimated population of over 200 million is unacceptable.

He blamed gas constraints for the drop in power supply nationwide.

However, the recent hike in tariff for electricity Band A customers getting 20 hours of power supply has continued to raise dust among Nigerians battling epileptic power.

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Nobert Okechukwu

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