Revenue collected by electricity distribution companies in Nigeria 2023, by company

Published by
Doris Dokua Sasu,
Nov 27, 2024

As of the second quarter of 2024, the electricity distribution company in Ikeja (IEDC), in Nigeria, received over 80 billion Nigerian naira (NGN) (roughly 47.4 million U.S. dollars) in revenue. Moreover, Eko and Abuja contributed some 68 billion NGN and 64 billion NGN to the total electricity revenue, respectively.

Revenue received from electricity distribution in Nigeria as of the 2nd quarter of 2024, by company (in billion Nigerian naira)

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Release date

October 2024

Region

Nigeria

Survey time period

Q2 2024

Special properties

collected revenue; 11 distribution companies (DisCos)

Supplementary notes

Currency conversion rate as of 27.11.2024 at 1 USD = 1.69 NGN.

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Topics

Electricity in NigeriaElectricity market worldwideElectricity in EuropeElectricity in Ghana
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