The Nigerian Electricity Regulatory Commission (NERC) says Benin Republic, Togo and Niger owe Nigeria a total of $11.57 million for electricity supplied under bilateral power arrangements in the third quarter (Q3) of 2025.
In its Q3 2025 report, NERC disclosed that the market operator (MO) issued a cumulative invoice of $18.69 million to the three countries for electricity generated by Nigerian power generation companies (GenCos).
However, only $7.12 million was paid within the period, representing a 38.09 per cent remittance performance.
The international electricity offtakers listed by the commission are Compagnie Énergie Électrique du Togo, Société Béninoise d’Énergie Électrique of Benin Republic, and Société Nigérienne d’Électricité of Niger Republic.
According to the regulator, the shortfall leaves an outstanding balance of $11.57 million owed to Nigeria for electricity supplied during the quarter.
On domestic bilateral transactions, NERC reported that local customers remitted ₦3.19 billion out of the ₦3.64 billion invoiced by the market operator for Q3 2025, translating to a 87.61 per cent remittance rate.
The commission also noted that some bilateral customers made additional payments for outstanding invoices from previous quarters.
During the period, the market operator received $7.84 million from international customers and ₦1.299 billion from domestic customers as settlement of prior debts.
Meanwhile, Ajaokuta Steel Company Limited and its host community, classified as a special customer, failed to make any payment towards electricity invoices issued in the quarter.
NERC said Nigerian Bulk Electricity Trading (NBET) Plc issued the company an invoice of ₦1.03 billion, while the market operator issued ₦100 million, with no remittance recorded.
The commission described the non-payment as a recurring issue and said it has formally communicated the need for government intervention to relevant federal authorities.