Togo, Niger, Benin Owes Nigeria Debt For Power Supply:

Togo, Niger, Benin Owes Nigeria:

Countries like Niger, the Republics of Togo, and Benin are said to be Nigeria’s debtors. the above countries mentioned owes Nigeria a total sum of N29.97bn for the electricity supply from January to September last year, according to the Nigerian Electricity Regulatory Commission.

Nigeria, has been supplying these countries with electricity through its transmission company, it supplies power to these countries, these countries are classified as international customers in the Nigerian power sector.

Niger’s power firm, ‘Societe Nigerienne d’electricite’ owes the sum total invoice of N3.01bn it received in the first quarter of 2019; N3.69bn in second quarter; and then N4.1bn in the third quarter.

‘Communaute Electrique du Benin’, a power firm owned that is owned by Togo and Benin,owes the sum total invoice of N9.74bn for the power supplied to it in first quarter; N7.16bn in second quarter; and then N2.27bn in the third quarter as well.

The international customers made no payment for the total outstanding debt in Q3.
NERC stated this in its quarterly report on friday.

“The Nigerian government has continued to engage the governments of neighbouring countries benefitting from the export supply to ensure timely payments for the electricity purchased from Nigeria,” it said.

The regulator said the financial viability and commercial performance of the Nigerian electricity supply industry continued to be a major and daily challenge.

According to the report, a total invoice of N179.66bn was issued to the power distribution companies of the above countries in debt, for the energy they received from the Nigerian Bulk Electricity Trading Plc and for service charge by the Market Operator in quarter 3, but only a sum of N58.81bn was settled for now.

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