Nigeria’s international electricity customers – Togo, Benin, and Niger – have accumulated a debt of $18.29 million for the electricity they consumed in 2022, according to the Nigerian Electricity Regulatory Commission (NERC). The international customers comprise Compagnie Energie Electrique du Togo of Benin Republic (CEET), Société Béninoise d’Energie Electrique (SBEE), and NIGELEC, the electric power generation and transmission utility in Niger.
NERC’s quarterly report for 2022 revealed that Nigeria exported a total value of electricity amounting to $50.9 million (N23.5 billion) during the same period. The report further detailed the invoices and remittances received by the market operators from the international customers.
Among the companies, Mainstream-NIGELEC remitted $5.44 million, while Transcorp-SBEE remitted $0.93 million. However, no remittance was made by Paras-SBEE and Odukpani-CEET during the period. The report also highlighted previous quarters, indicating the amounts invoiced and remitted by each company.
Despite the outstanding debt, Nigeria continues to supply electricity to its neighboring countries, and NERC is closely monitoring the situation to ensure payments are made in a timely manner. The issue of outstanding payments from international customers remains an ongoing challenge for Nigeria’s electricity sector.
