NewStats: 3,262,147 , 8,176,201 topics. Date: Saturday, 31 May 2025 at 11:07 PM 6l4np

Benin Republic and Togo owe Nigeria $8.84m for the electricity consumed in the fourth quarter of 2024, The PUNCH reports.

The Nigerian Electricity Regulatory Commission revealed this in a report highlighting the remittances made by bilateral customers (domestic and international) and special customers for invoices issued in 2024/Q4 by the Market Operator.

According to the report, the six international bilateral customers being supplied by Gencos in the Nigerian electricity supply industry “made a payment of $5.21m against the cumulative invoice of $14.05m issued by the Market Operator for services rendered in 2024/Q4,” translating to a remittance performance of 37.08 per cent.

The international companies are Paras-SBEE in Benin Republic ($2.65m); Paras-CEET also in Benin ($1.64m); Transcorp-SBEE (Ughelli) in Benin paid $1.71m out of $3.59m; Transcorp-SBEE (Afam 3) paid $0.90m out of its $1.2m invoice; Odukpani-CEET in Togo owes $2.37m.

The report showed that only Mainstream-NIGELEC paid off the entire $2.60m invoice issued to the company by the market operator.

NERC added that the domestic bilateral customers made a cumulative payment of N1.25m against the invoice of N1.98m issued to them by the market operator for services rendered in the last quarter of 2024, translating to 63.36 per cent remittance performance.

“It is noteworthy that some bilateral customers (both domestic and international customers) made payments during 2024/Q4 for outstanding MO invoices from previous quarters. Paras-CEET, Pars-SBEE and Transcorp-SBEE made payments of $0.98m $0.7m, and $1.3m respectively, towards outstanding invoices from previous quarters.


“Similarly, the MO received N135.81m from the domestic bilateral customers [NDPHC-Weewood: N21.17m; North South/Star Pipe: N11m; Taopex: N83m; and Trans-Amadi (OAU/FMPI): N20.74m towards outstanding invoices from previous quarters.

The regulator reports that the special customer, Ajaokuta Steel Co. Ltd, and the host community did not make any payment towards the N1.27bn (NBET) and ₦0.11bn (MO) invoices received in 2024/Q4.

“This continues a longstanding trend of non-payment by this customer, and the commission has communicated the need for intervention on this issue to the relevant FGN authorities.

The NERC also stated in the document that electricity distribution companies in Nigeria generated N509.84bn in the last three months of 2024. It said this represents 77.44 per cent of the N658.40bn that was billed to customers within the fourth quarter of last year.

“The total revenue collected by all DisCos in 2024/Q4 was N509.84bn out of the N658.40bn that was billed to customers. This translates to a collection efficiency of 77.44 per cent. In comparison, the total revenue collected by all DisCos in 2024/Q3 was N466.69bn out of the N626.02bn billed to customers, which translated to a 74.55 per cent collection efficiency.

“The 77.44 per cent collection efficiency recorded in 2024/Q4 is +2.89pp higher than the collection efficiency recorded in 2024/Q3,” the NERC said.

Source: https://punchng.com/Benin-Togo-owe-Nigeria-$8.8m-electricity-debt-FG

1. So we should cut them off.

2. For anyone wondering, we supply 6% of the electriicty we generate to other countries.

Nigeria has capped electricity exports to neighboring countries (Benin, Niger, and Togo) to 6% of its total grid electricity at any point in time

source

It's been there since last year by the by...

3. And yes, it is charged at full price.

This is a good move from the FG.

Nigeria has been supplying them electricity for years, it's only right they pay for what they consumed.

That one na pocket money for Seyi… “my father is the best president” Miscreant!

Message their s, let's see if they'll pay back 🤣

Nigeria is mad. Why can't them install metre like the ones we use at home. Buy your token at band AAA once it finishes the light goes off

Is that the reason we are not having light?

Nigeria gives benevolently and we no dey complain.

This same countries provide their people with 24/7 electricity. While Nigeria the Vendors are living in absolute darkness.. what a SHAME

But common Nigerian man will owe just one month electricity bill and those morons will be quick to disconnect the light without mercy. Mtchew

No be nigeria again? SMH

I used to underestimate that street quote "if person explain Nigeria give you, and you understand, the person no explain well give you be that"


How on earth would I believe that Nigeria supplies Benin/Togo with electricity?

Last year I was in these two countries for about 3 months. During my time there, I can count the number of times that the power went off.. Even when our national grid collapsed for days, there was still steady power.

Like how?

What magic is Nigeria doing, that is enabling these countries to have steady power, that we can't do for ourselves?

And you need to even see the infrastructure that enables them to have light 24/7... Nothing special.

Everyone taps light directly from the pole and they have their prepaid meters outside their houses, sometimes at the main road sef...

We are not interested
All na story
If it were Nigerian citizens owing , Una for don dey carry ladder up and down to disconnect

FG should go after them and get our money.

No country should owe us and get away with it.

Atarakpa:
Nigeria is mad. Why can't them install metre like the ones we use at home. Buy your token at band AAA once it finishes the light goes off

Benin and Togo will by it and they won't know

How much Naija owe World Bank in debt. Add it to the total and 'naija processing fee'.

We are not interested
All na story
If it were Nigerian citizens owing , Una for don dey carry ladder up and down to disconnect

Salewa97:
This is a good move from the FG.

Nigeria has been supplying them electricity for years, it's only right they pay for what they consumed.

And to what extent do you think your government has been paying for all the services they've been getting from other countries?

Is $8.8m compared to the money you're owing China alone? Don't be carried away by the emotions of the government, abeg!

That idiot Adelabu should collect the money and build another 2/3k MHz now abi nah pocket money for them all?[color=#000099][/color]

adenigga:




Source: https://punchng.com/Benin-Togo-owe-Nigeria-$8.8m-electricity-debt-FG

Who we go ask
How much una owe them.. balance

ceejay80s:

Being and Togo will by it and they won't know

nah for naija here you go install the metre

Looking at nairaland comments/contributions, it's patently obvious that there is no way Nigeria can be a viable democracy, there are just too many stupid people

Someone who is selfishly and lazily underutilizing their brain at 40, 50% capacity is entitled to the same full vote as the other guy maximizing his mental powers 100% of his waking hours? And the mentally lazy and stupid people are in the majority? It's basically a recipe for chaos, which is exactly what we have in Nigeria today

Make Una just dey playyyy!! Togo make sure say you hold dat money tight

We no get power but una dey give power.

We can't cut them off... If we do, dem go vex build their power dam

Electricity wise, we are not self sufficient. Before we start wasting state fund to Egypt, let’s approach Benin to teach us how they manage what we transmit to them to achieve the relative stability Nigerians laud their country for when they visit. Our problem is never creation but management issues.

EpicDude123:
This same countries provide their people with 24/7 electricity. While Nigeria the Vendors are living in absolute darkness.. what a SHAME

There is hydrodiplomacy and power purchase agreement. Nigeria receive water supply from these upstream countries for her hydroelectric power generation. Niger Republic even threatened to cut off the water supply to Nigeria during the ECOWAS saga..

Atarakpa:
nah for naija here you go install the metre

Ok better

And you are giving them free light why we pay through our nose

Unbelievable.... FG should send Kamaruddin and team immediately with ladder 🪜 and Hilux van to go and cut their light 🕯️...

They can cut anything light 🚨