International customers owe Nigeria Seventeen point Eight Million Dollars (an equivalent of over Twenty-Five billion Naira at the current exchange rate) for electricity supplied under bilateral arrangements.
The Nigerian Electricity Regulatory Commission (NERC), in its Third Quarter 2025 report, noted that Togo, Niger, and Benin were invoiced a total of Eighteen point Sixty-nine Million Dollars by the Market Operator for electricity supplied during the period; however, they remitted only Seven Point One Hundred and Twenty-five Million Dollars, leaving an outstanding balance of Eleven point Fifty0six Million Dollars.
The regulator identified the international offtakers as Compagnie Énergie Électrique du Togo, Société Béninoise d’Énergie Électrique of the Republic of Benin, and Société Nigérienne d’Électricité of the Republic of Niger.
Electricity supplied to the three countries was generated by grid-connected Nigerian generation companies and delivered through bilateral cross-border power arrangements.
NERC’s report stated that the remittance level represented a 38.09 per cent remittance performance, with more than half of the invoices remaining unpaid at the end of the quarter.
In contrast, NERC said domestic bilateral customers performed better, remitting Three point Nineteen Billion Naira out of the Three point Sixty-four billion naira invoiced to them during the quarter, representing a remittance rate of 87.61 per cent.
As part of its statutory assessment of the commercial performance of the electricity market, the Regulator noted that the figures were based on reconciled market settlements submitted to the commission as of December 18, 2025.
www.itvradiong.com/live
www.youtube.com/itvradiong
www.facebook.com/itvradiong
www.twitter.com/itvradiong
www.instagram.com/itvradiong
www.tiktok.com/@itvradiong
