Details Emerge on How Niger, Benin, and Togo Paid Nigeria $50.36 Million for Electricity in 2023

A recent report released by the Nigerian Electricity Regulatory Commission (NERC) has shed light on the payment details of international bilateral customers from Niger, Benin, and Togo to the Nigerian Electricity Supply Industry (NESI) for electricity distribution in 2023.

According to the report, the three international customers made a total payment of $50.36 million, representing a 94.04% remittance performance. The payment breakdown is as follows:

Total Invoice: $53.55 million
Total Payment: $50.36 million
Remittance Performance: 94.04%

The customers who made these payments are:

Societe Beninoise d’Energie Electrique (Benin Republic)
Compagnie Energie Electrique du Togo (Togo)
Societe Nigerienne d’electricite (Niger)

In addition to the international customers, NERC data reveals that NESI has 19 active domestic bilateral customers. These customers received a total invoice of N10,320.84 million and made payments totalling N8,766.15 million, corresponding to a remittance performance of 84.94%.

Although the domestic customers made significant payments, there remains an outstanding balance of 15.06%, highlighting a notable gap in full remittance.

Last year, the Federal Government reported that international electricity consumers owed Nigeria approximately $51.26 million for electricity exported to them. In response, the government issued a mandate to system operators in the Nigerian power industry, directing them to supply no more than 6% of total available grid generation per hour to international customers or off-takers.