Despite Nigeria’s ongoing electricity supply challenges, three West African countries—Benin, Togo, and Niger—failed to fully settle payments for power supplied in the fourth quarter of 2025, accumulating a combined debt of $9.55 million, equivalent to N13.07 billion.
This was revealed in the fourth quarter 2025 report released
by the Nigerian Electricity Regulatory Commission (NERC).
According to the report, Nigeria’s market operator issued
invoices totaling $20.44 million to international bilateral customers across
the three countries during the period. However, only $10.89 million was
remitted, representing a payment performance of 53.28 percent.
“The three international bilateral customers being supplied
by GenCos in the Nigerian electricity supply industry made a payment of $10.89
m against the cumulative invoice of $20.44 m issued by the MO for services
rendered in 2025/Q4, translating to a remittance performance of 53.28 percent,”
the report stated.
This indicates that for every $100 billed, just $53.28 was
paid, leaving an outstanding balance of $46.72—equivalent to the $9.55 million
deficit.
A breakdown of payments showed mixed performance among the
companies involved. Paras-SBEE in Benin paid $1.67 million out of its $2.45
million invoice (68.16 per cent), while Paras-CEET in Togo settled $1.46
million from a $2.18 million bill (64.97 per cent).
Transcorp-SBEE (Ughelli) in Benin recorded one of the lowest
remittances, paying only $0.46 million out of $3.74 million, representing 12.30
percent. In contrast, Transcorp-SBEE (Afam 3), also in Benin, showed stronger
compliance by remitting $3.21 million of its $3.90 million invoice (82.31
percent).
In Niger, Mainstream-NIGELEC paid $4.09 million out of the
$5.96 million billed (68.63 per cent), while Odukpani-CEET in Togo made no
payment on its $2.18 million invoice, recording a zero per cent remittance.
The report noted that the figures were based on reconciled
market settlements submitted to the commission as of April 2, 2026.
“The three international bilateral customers being supplied
by GenCos in the Nigerian electricity supply industry made a payment of $10.89m
against the cumulative invoice of $20.44m issued by the MO for services
rendered in 2025/Q4, translating to a remittance performance of 53.28 per
cent”, NERC report stated.
The disclosure underscores Nigeria’s ongoing difficulty in
recovering payments for electricity exports to neighboring countries, even as
domestic power supply remains inadequate.
The unpaid $9.55 million for a single quarter highlights a
growing revenue concern for the country’s power generation companies.
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