Nigeria exported N181.62bn worth of electricity from January to September of 2024, analysis of data from the National Bureau of Statistics (NBS) has shown.
A breakdown showed that N58.65bn was exported to Togo, Benin and Niger Republic in the first quarter of 2024 followed by N63.28bn in the second quarter and N59.69bn in the third quarter.
This is despite the Nigerian Electricity Regulatory Commission (NERC) putting a cap on the electricity exportation to these countries in May in a bid to boost domestic markets.
In the order, the regulatory agency directed that power delivery to Nigeria’s neighbors must not exceed six per cent of total grid electricity at any point in time, stating that since the implementation of the April 2024 Supplementary Order, the commission had observed sub-optimal grid dispatch operation practices.
In a document tagged: ‘Interim Order on Transmission System Dispatch Operations, Cross-border Supply and Related Matters’, it stated that the directive will last for six months in the first instance before review.
