But the government hasn’t been able to use this to improve the supply of power.

According to a statistical analysis by DAILYPULSE, since 2015, the Nigerian government’s revenue has increased through distribution businesses.

But the government hasn’t been able to use this to improve the supply of power.

According to the analysis, the distribution businesses reported N278 billion in income in 2015; by 2023, that figure had increased to N1.065 trillion; and by the halfway point of 2024, it had reached N682 billion.

Checks reveal that the amount of electricity provided per client has decreased despite this steady increase in income, which suggests that with more consumers, more money is being earned.

The National Bureau of Statistics reports that in 2015, there were 6.99 million consumers nationwide, but 20,337 gigawatt-hours of power were produced.

In 2016, the number increased to 7.35 million consumers; nevertheless, electricity generation decreased to 19,044 GWh despite the increase in users. Customers surged to 7.95 million in 2017, yet electricity generation barely increased to 19,432.

The overall number of customers for the year increased to 8.63 million, even if the quarterly estimate for GWh showed a spike in power generation to 21483 for the entire year. In 2023, 23924 GWh were produced in total, but there was an increase in consumers to 12.118 million, indicating a higher demand.

A total of 11,381 GWh were generated in the first and second quarters of 2024, but only 12.99 million users used this energy.

The generating capacity per customer was 0.002909 GWh in 2015; by the halfway point of 2024, it had declined to 0.001974 GWh.

This is especially the case given that, between 2020 and 2022, the country’s Power Ministry only disbursed 49% of its capital budget.

For the electricity ministry’s capital needs in 2020, N128 billion was planned; only N68.7 billion of that amount was released. In 2021, N206 billion was projected; only N164.3 billion of that amount was released.

In 2022, the total was N296 billion; however, only N75.7 billion was made available.

The Nigerian Senate was informed in 2015 that the country spent N2.74 trillion on electricity between 1999 and 2015.

According to a different study, the nation spent N1.7 trillion on electricity between 2018 and 2020. According to a different study, Buhari spent nearly $7.5 billion on transmission alone, yet the issue with the electricity industry has not been resolved.

The sums shown above do not include the N1.5 trillion that the Central Bank of Nigeria (CBN) has loaned to DisCos and GenCos, nor the recurring budgets that have been allocated throughout time.

According to data, Nigeria’s generation capacity has not kept up with the country’s growing demand for power.

Nigeria’s power industry has been plagued by ongoing system outages and a chronic shortage of infrastructure, according to several reports.