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Benin, Togo Owe Nigeria $8.8m Electricity Debt~ FG
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7/31/2025, 5:00:00 PM
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3/25/2025, 12:59:12 PM
By Eniekenemi Atoukudu - 3/25/2025, 12:50:31 PM
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Benin Republic and Togo have yet to pay Nigeria $8.84 million for electricity consumed in the fourth quarter of 2024. According to a report by the Nigerian Electricity Regulatory Commission (NERC), the outstanding debt was highlighted in the remittance records of bilateral (domestic and international) and special customers for invoices issued by the Market Operator in Q4 2024. The report reveals that six international bilateral customers supplied by Nigerian power generation companies (Gencos) paid only $5.21 million out of a total invoice of $14.05 million, representing a 37.08% remittance rate. Among the international customers, Paras-SBEE in Benin Republic paid $2.65 million, Paras-CEET in Benin paid $1.64 million, while Transcorp-SBEE (Ughelli) in Benin settled $1.71 million out of its $3.59 million invoice. Transcorp-SBEE (Afam 3) paid $0.90 million out of $1.2 million, while Odukpani-CEET in Togo still owes $2.37 million. The only full payment came from Mainstream-NIGELEC, which cleared its $2.60 million invoice. On the domestic front, NERC stated that local bilateral customers remitted N1.25 million out of the N1.98 million billed, achieving a 63.36% remittance rate.
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