Incredible: Togo, Niger, Benin owe Nigeria N30bn for electricity
The Republics of Togo, Niger and Benin owe Nigeria a total of N29.97bn for the electricity supplied to them from January to September last year, according to the Nigerian Electricity Regulatory Commission.
Nigeria, through its electricity transmission company, supplies power to these countries, which are classified as international customers in the Nigerian power sector.
Niger’s power firm, Societe Nigerienne d’electricite, failed to pay a total invoice of N3.01bn it received in the first quarter of 2019; N3.69bn in Q2; and N4.1bn in Q3.
NERC said in its latest quarterly report released on Friday that the international customers made no payment for the total outstanding debt in Q3.
“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.
According to the report, a total invoice of N179.66bn was issued to the power distribution companies for energy received from the Nigerian Bulk Electricity Trading Plc and for service charge by the Market Operator in Q3, but only a sum of N58.81bn was settled.
The government-owned NBET buys electricity in bulk from generation companies through Power Purchase Agreements and sells through vesting contracts to the Discos, which then supply it to the consumers, while the MO is an arm of the Transmission Company of Nigeria.