Nigeria is yet to receive $17.8 million (over N25 billion at current exce rates) from Togo, Niger, and Benin for electricity supplied under bilateral arrangements, the Nigerian Electricity Regulatory Commission (NERC) has disclosed.
According to NERC’s Third Quarter 2025 report, the three international customers—Compagnie Énergie Électrique du Togo, Société Béninoise d’Énergie Électrique of Benin, and Société Nigérienne d’Électricité of Niger—were invoiced a total of $18.69 million by the Market Operator for power delivered during the quarter. However, only $7.125 million was remitted, leaving an unpaid balance of $11.56 million.
The report also highlighted legacy debts from previous quarters, amounting to $14.7 million. Payments of $7.84 million were made against these older invoices, leaving an outstanding balance of $6.23 million. Combined, the debt from previous and Q3 2025 invoices totals $17.8 million.
NERC noted that the electricity supplied to the three countries was generated by grid-connected Nigerian generation companies and delivered through bilateral cross-border power arrangements. The remittance performance for these international customers was 38.09 per cent, indicating that more than half of the invoiced amounts remained unpaid at the end of the quarter.
In contrast, domestic bilateral customers performed significantly better, remitting N3.19 billion out of N3.64 billion invoiced for the same period, a payment rate of 87.61 per cent.
The commission also reported that Nigeria’s 11 electricity distribution companies remitted a combined N381.29 billion to the Nigerian Bulk Electricity Trading Plc and the Market Operator during Q3 2025, out of a total invoice of N400.48 billion, representing a 95.21 per cent remittance rate.
NERC based these figures on reconciled market settlements submitted as of December 18, 2025, forming part of its statutory assessment of the commercial performance of Nigeria’s electricity market.
Wow, I cant believe Togo, Niger, and Benin still owe Nigeria that much for electricity! Should they pay up or negotiate?
Is it fair for Togo, Niger, and Benin to owe Nigeria $17.8m for electricity? Should there be consequences or understanding? Lets discuss!
Wow, should Togo, Niger, and Benin really owe Nigeria that much for electricity? Seems like a sticky situation!
Isnt it unfair that Togo, Niger, and Benin owe Nigeria $17.8m for electricity? Shouldnt there be a better system in place?