NERC Reveals $5.7M Electricity Debt: Togo, Benin, Niger Analysis
The Nigerian Electricity Regulatory Commission (NERC) has reported that international customers from Togo, Benin, and Niger Republic owe Nigeria $5.7 million for electricity supplied during the third quarter of 2024.
These international customers include:
- Paras-SBEE and Transcorp-SBEE: Both from Benin Republic.
- Mainstream-NIGELEC: From Niger Republic.
- Odukpani-CEET: From Togo.
In the previous quarter (Q2 2024), NERC reported that international bilateral electricity customers in Benin Republic and Togo owed Nigeria $5.79 million for energy consumed.
The consistent accumulation of unpaid electricity bills by these neighboring countries poses a significant financial challenge to Nigeria’s power sector.
It underscores the need for enhanced payment mechanisms and stricter enforcement of bilateral agreements to ensure the sustainability of cross-border electricity supply.
For a comprehensive understanding of the financial and operational performance of Nigeria’s electricity supply industry during this period, you can refer to NERC’s Third Quarter 2024 Report.