Benin Republic and Togo owe Nigeria a combined total of $8.84 million for electricity consumed in the fourth quarter of 2024, the Nigerian Electricity Regulatory Commission (NERC) has revealed.
In a recent report, NERC outlined the payment remittances made by both domestic and international bilateral customers, as well as special customers, following invoices issued by the Market Operator in Q4 2024.
The report highlighted that six international bilateral customers, who are supplied electricity by Generation Companies (Gencos) in Nigeria, collectively paid $5.21 million against a cumulative invoice of $14.05 million, resulting in a payment performance of just 37.08 percent.