The Nigerian Electricity Regulatory Commission, NERC, has disclosed that none of the four international bilateral customers being supplied by the power generation companies in Nigeria made payment against the cumulative invoice of $14.19m issued by the market operator for services rendered in the first quarter of 2024.
Nigeria sells electricity to neighboring countries, including Benin, Togo and Niger.
The international customers owing the Nigerian electricity supply industry include Para-SBEE in Benin Republic ($3.15m), Transcorp-SBEE in Benin Republic ($4.46m), Mainstream-NIGELEC in Togo ($1.21m), and Odukpani-CEET in Togo ($5.36m).
According to the NERC’s report, none of the four international customers made any payments for the electricity exported to them.
The report states:
“In 2024/Q1, none of the four (4) international bilateral customers serviced by the MO made any payment against the $14.19 million invoice issued to them by the MO for services rendered in 2024/Q1.
“Similarly, none of the bilateral customers within the country made any payment against the cumulative invoice of N1,860.11 million issued to them by the MO for services rendered in 2024/Q1.”
