Electricity Revenue Collection Increases To N761.17bn – NBS

The National Bureau of Statistics (NBS) yesterday said total electricity revenue collections increased to N761.17 billion in 2021.

In its document entitled: “Nigeria Electricity Report 2021: Energy Billed, Revenue Generated and Customers by DisCos,” NBS said in total, electricity billed in 2021 grew by 5.98per cent from 22,042.28 (Gwh) in 2020 to 23,360.59 (Gwh) in 2021.

The document added that last year, total revenue collected stood at N761.17 billion, an increase of 44.50 per cent compared to N526.77 billion in 2020.

Continuing, NBS said: “Moreover, the total number of customers recorded in 2021 was 10.51 million, higher than 10.37 million in 2020.

“The number of metered customers rose by 36.18per cent from 3.51 million in 2020 to 4.77 million in 2021, while estimated billing customers decreased by 16.32 per cent from 6.86 million in 2020 to 5.74 million in 2021.”

The Bureau said production of mineral products increased by 39.19 per cent from 64.29 million tons in 2020 to 89.48million tons last year.

According to its document, entitled: “Minerals Production 202,” noted that it was an improvement in production.

NBS added: “The aggregate production of mineral products in Nigeria in 2021 grew by 39.19per cent from 64.29 million tons recorded in 2020 to 89.48 million tons in 2021, indicating an improvement in production.”

The Bureau said on state profile analysis, Ogun State recorded the highest production in 2021 with 32.04 million tons, followed by Kogi with 18.40 million tons and Cross River with 11.64 million tons.

The data said the least was recorded in Borno with 231 tons, stressing that moreover, limestone, granite, and laterite were the three biggest minerals mined in 2021.