Benin Republic and Togo owe Nigeria $8.84m for the electricity consumed in the fourth quarter of 2024, The PUNCH reports.
The Nigerian Electricity Regulatory Commission revealed this in a report highlighting the remittances made by bilateral customers (domestic and international) and special customers for invoices issued in 2024/Q4 by the Market Operator.
According to the report, the six international bilateral customers being supplied by Gencos in the Nigerian electricity supply industry “made a payment of $5.21m against the cumulative invoice of $14.05m issued by the Market Operator for services rendered in 2024/Q4,” translating to a remittance performance of 37.08 per cent.
The international companies are Paras-SBEE in Benin Republic ($2.65m); Paras-CEET also in Benin ($1.64m); Transcorp-SBEE (Ughelli) in Benin paid $1.71m out of $3.59m; Transcorp-SBEE (Afam 3) paid $0.90m out of its $1.2m invoice; Odukpani-CEET in Togo owes $2.37m.
The report showed that only Mainstream-NIGELEC paid off the entire $2.60m invoice issued to the company by the market operator.
