LAGOS – Niger, Benin Republic and Togo are indebted to Nigeria to the tune of $14.2 million in electricity bills debts in the First Quarter of 2024,the Nigerian Electricity Regulatory Commission, NERC has said.
The agency, in its quarter half report of 2024,is activating the relevant market rules to ensure the recovery of $14.2 million owed to Nigeria by international customers in the period in view
The agency expressed worry that the beneficiary countries being supplied electricity by Nigeria have failed to remit monies to the country.
It added: “None of the four international bilateral customers being supplied by Generation Companies (Gencos) in the NESI made payment against the cumulative invoice of $14.19 million issued by the MO for services rendered in 2024/Q1.
“As indicated in previous reports, the commission expects the MO to invoke the provision of the market rules to curtail the payment indiscipline being exhibited by local and international bilateral customers.”
According to the report, two international customers paid a cumulative arrears of $5.96 million in debt owed Nigeria.