The Nigerian Electricity Regulatory Commission, NERC, generated N5.63 billion as revenue.
The Commission disclosed this in its just lately launched Q2 2023 Electricity on Demand report earlier this week.
It spent N2.46 billion as expenditure in Q2 2023.
According to the NERC report, in 2023/Q2, the Commission generated revenue of N5.63 billion, exhibiting a rise of N0.90 billion (19.12 per cent) in comparison with the N4.73 billion revenue in the earlier quarter (2023/Q1).
During the identical interval, the Commission’s whole expenditure elevated by N0.66 billion (36.80 per cent), rising from N1.80 billion in 2023/Q1 to N2.46 billion in 2023/Q2.
The Commission maintained a optimistic web money circulation of N3.17 billion in the quarter.
The determine represented the sixteenth consecutive quarter with optimistic money circulation, highlighting the Commission’s robust monetary efficiency.
