The Nigerian Government has disclosed that Niger, Benin Republic, and Togo owe the country $14.2 million in unpaid electricity bills for the first quarter of 2024.
This information was revealed in the Nigerian Electricity Regulatory Commission’s (NERC) Q1 2024 report.
NERC has instructed the Electricity Market Operator (MO) under the Transmission Company of Nigeria to enforce market rules to recover the $14.2 million owed by these international customers.
The regulator expressed concern over the beneficiary countries’ failure to remit payments for electricity supplied by Nigeria.
The report stated, “None of the four international bilateral customers being supplied by Generation Companies (Gencos) in the NESI made payment against the cumulative invoice of $14.19 million issued by the MO for services rendered in Q1 2024.”
NERC emphasized the need for the MO to enforce market rules to address the payment indiscipline exhibited by local and international bilateral customers.
However, the report also noted that two international customers had paid a cumulative arrears of $5.96 million in debt owed to Nigeria.
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