The Nigerian Electricity Regulatory Commission (NERC) has revealed that Nigeria’s neighbours Togo, Niger and Benin owe the country $11.16 million for electricity supplied by electricity generation companies (GenCos) under bilateral arrangements in 2025.
The commission which made this known in its 2025 annual report, said the market operator (MO) issued invoices totalling $73.91 million to the international customers, but only $62.75 million was paid.
NERC listed the international offtakers as Compagnie Énergie Électrique du Togo, Société Béninoise d’Énergie Électrique of Benin, and Société Nigérienne d’Électricité of Niger.
“The international bilateral customers (i.e., Societe Nigerienne d’electricite – NIGELEC, Societe Beninoise d’Energie Electrique – SBEE and Compagnie Energie Electrique du Togo – CEET) received a total invoice of $73.91 million for ancillary services provided by the MO and made a total payment of $62.75 million, corresponding to a remittance performance of 84.90%,” NERC said.
The commission also reports that domestic bilateral customers remitted N12.75 trillion against N13.20 trillion invoiced by the market operator for services rendered in 2025.
According to NERC, the payment represents a 96.60 percent remittance performance.
The commission also said Ajaokuta Steel Co. Ltd and its host community, classified as a special customer, made no payment towards the N4.96 billion invoice issued by Nigerian Bulk Electricity Trading (NBET) Plc and the N500 million invoice issued by the MO during the period under review.
“The Commission has escalated the issue of continual non-payment of electricity bills by Ajaokuta to the relevant federal ministries to find a lasting solution. Failure to settle the obligations may put the Ajaokuta complex at risk of being…
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