By Nchetachi Chukwuajah
The Nigerian Electricity Regulatory Commission (NERC) says Benin Republic, Togo, and Niger Republic owe Nigeria $11.57 million for electricity supplied by electricity generation companies (GenCos) under bilateral arrangements in the third quarter (Q3) of 2025.
The NERC disclosed this in its Q3 2025 report, noting that although an invoice of $18.69 million was issued by the market operator (MO), only $7.12 million was paid by the international customers, representing 38.09 per cent remittance performance.
It listed the international offtakers as Compagnie Énergie Électrique du Togo, Société Béninoise d’Énergie Électrique of the Republic of Benin, and Société Nigérienne d’Électricité of the Republic of Niger.
The report read, “The three international bilateral customers being supplied by GenCos in the NESI made a payment of $7.12 million against the cumulative invoice of $18.69 million issued by the MO for services rendered in 2025/Q3, translating to a remittance performance of 38.09%.”
The commission further noted that domestic bilateral customers remitted N3.19 billion against the invoice of N3.64 billion issued to them by the MO for services rendered in Q3 2025, representing an 87.61 per cent remittance performance.
The regulator said Ajaokuta Steel Co. Ltd and its host community, termed the special customer, did not make any payment towards the N1.03 billion invoice issued by Nigerian Bulk Electricity Trading (NBET) Plc and N100 million by MO, in Q3 2025.
The commission said the action continues a longstanding trend of non-payment by the customer, adding that the commission “has communicated the need for intervention on this issue to the relevant federal government authorities.”
