TOGO, NIGER, AND BENIN OWE NIGERIA N25BN FOR ELECTRICITY: “38.09% REMITTANCE PERFORMANCE–NERC
GREATRIBUNTVNEWS–TOGO, Niger, and Benin collectively owe Nigeria $17.8 million (over N25 billion) for electricity supplied under bilateral arrangements, according to the Nigerian Electricity Regulatory Commission (NERC)
KEY ISSUES:
– Unpaid Balance : The three countries were invoiced $18.69 million for electricity supplied during Q3 2025, but only remitted $7.125 million, leaving an unpaid balance of $11.56 million.
– Legacy Debt : Outstanding debts from previous quarters amount to $6.23 million, pushing the total debt to $17.8 million (N25.36 billion).
– Low Remittance Performance : International customers achieved a remittance rate of 38.09%, compared to 87.61% for domestic bilateral customers.
– International Offtakers : Compagnie Énergie Électrique du Togo, Société Béninoise d’Énergie Électrique of Benin, and Société Nigérienne d’Électricité of Niger are the defaulting countries.
QUOTES:
– “The three international bilateral customers being supplied by GenCos in the NESI made a payment of $7.12m against the cumulative invoice of $18.69m issued by the MO for services rendered in 2025/Q3, translating to a remittance performance of 38.09 per cent” – NERC
– “The domestic bilateral customers made a cumulative payment of N3.19bn against the invoice of N3.64bn issued to them by the MO for services rendered in 2025/Q3, translating to 87.61 per cent remittance performance” – NERC
Meanwhile, Nigeria’s 11 electricity distribution companies remitted N381.29 billion to the Nigerian Bulk Electricity Trading Plc and the Market Operator in Q3 2025, from a total invoice of N400.48 billion, translating to a 95.21% payment rate. The figures were based on reconciled market settlements submitted to NERC as of December 18, 2025
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