Togo, Niger, and Benin Owe Over N25 Billion to Nigeria for Electricity Supply — NERC


Togo, Niger, and Benin collectively owe Nigeria $17.8 million (over N25 billion at the current exchange rate) for electricity supplied under bilateral arrangements, the Nigerian Electricity Regulatory Commission (NERC) has revealed.

In its Third Quarter 2025 report, NERC stated that the three countries were invoiced a total of $18.69 million by the Market Operator for electricity supplied during the quarter, but they only remitted $7.125 million, leaving an unpaid balance of $11.56 million. 

Legacy invoices from previous quarters amounted to $14.7 million, of which $7.84 million was paid, leaving an outstanding debt of $6.23 million. The combined total of current and past debts is $17.8 million, equivalent to N25.36 billion at an exchange rate of N1,425 per dollar.

The international electricity offtakers are Compagnie Énergie Électrique du Togo, Société Béninoise d’Énergie Électrique of Benin, and Société Nigérienne d’Électricité of Niger. NERC noted that the electricity supplied was generated by grid-connected Nigerian generation companies and delivered through bilateral cross-border power agreements.

The commission also highlighted that domestic bilateral customers performed much better, paying N3.19 billion out of N3.64 billion invoiced during the quarter, representing a remittance rate of 87.61%. In comparison, the three international customers only achieved a 38.09% remittance performance.

Meanwhile, Nigeria’s 11 electricity distribution companies remitted N381.29 billion to the Nigerian Bulk Electricity Trading Plc and the Market Operator in Q3 2025, from a total invoice of N400.48 billion, translating to a 95.21% payment rate. The figures were based on reconciled market settlements submitted to NERC as of December 18, 2025.

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