Connect with us

News

Togo, Benin, Niger Owe Nigeria $12.66m for Electricity Supplied in Three Months – NERC

The Nigerian Electricity Regulatory Commission (NERC) says Togo, Benin Republic and Niger Republic paid only $4.82 million out of a $17.48 million electricity bill in the first quarter of 2026…

Published

on

electricity price
Electricity gride
  • The Nigerian Electricity Regulatory Commission (NERC) says Togo, Benin Republic and Niger Republic paid only $4.82 million out of a $17.48 million electricity bill in the first quarter of 2026, leaving an outstanding debt of $12.66 million.
VN62

The Nigerian Electricity Regulatory Commission (NERC) has disclosed that three neighbouring countries—Togo, the Republic of Benin and Niger Republic—failed to pay a combined $12.66 million for electricity supplied by Nigerian Generation Companies (GenCos) during the first quarter of 2026.

According to NERC’s 2026 First Quarter Report, the countries were billed a total of $17.48 million for electricity supplied through bilateral agreements but remitted only $4.82 million, representing a payment performance of 27.57 per cent.

RECOMMENDED FOR YOU  Nairaland Server Is Down, Founder Gives Reason Nigeria's Largest Online Forum Is Shut Down

The commission stated that the three international customers made payments through the Market Operator (MO), while domestic bilateral customers recorded significantly better compliance by paying ₦5.82 billion out of ₦6.12 billion billed during the same period, representing a 95 per cent remittance rate.

Breaking down the international payments, NERC said Société Béninoise d’Energie Electrique (SBEE) of Benin Republic paid $4.05 million, covering electricity supplied by Ughelli and Paras power plants.

Niger Republic’s electricity company, Société Nigérienne d’Electricité (NIGELEC), remitted $1.87 million, while Compagnie Energie Electrique du Togo (CEET) paid $720,000.

Advertisement

The commission also revealed that during the quarter, both international and domestic bilateral customers settled part of their outstanding debts from previous billing cycles, with international customers paying $6.64 million and domestic customers remitting ₦2.59 billion.

RECOMMENDED FOR YOU  '2023 Election In Nigeria Has Proven That PVC Is Useless’ - Apostle Suleman Slams Nigerian Politicians

Meanwhile, NERC noted that Ajaokuta Steel Company Limited and its host community failed to make any payment on invoices totalling ₦866.26 million issued during the quarter. The regulator described the non-payment as a longstanding issue and said it has referred the matter to the Federal Government for intervention.

The report further showed that electricity distribution companies (DisCos) collected ₦597.56 billion out of the ₦756.93 billion billed to customers during the first quarter, resulting in a collection efficiency of 78.95 per cent, slightly lower than the 79.36 per cent recorded in the previous quarter.

RECOMMENDED FOR YOU  Benin: Boyfriend Cuts Off Own Manhood, Slices Girlfriend’s Stomach in Bloody Fight (VIDEO/PICTURES)

On electricity subsidies, NERC disclosed that the Federal Government incurred a ₦358.32 billion subsidy obligation due to non-cost-reflective tariffs across the country’s distribution companies. Although still substantial, the figure represents a ₦60.46 billion reduction compared to the ₦418.79 billion subsidy recorded in the fourth quarter of 2025.

Advertisement

According to the commission, the decline in subsidy payments was largely driven by lower electricity offtake by distribution companies during the period.

WhatsApp

Stay ahead with VerseNews. Get the latest breaking news, insightful analysis, and trending stories. Your go-to source for timely updates and unbiased reporting.

Advertisement

WATCH: Nigeria Newspaper Headline Today

Apply For Latest Job Openings

Trending

President Bola Tinubu 3 President Bola Tinubu 3
Politics19 hours ago

BREAKING: Tinubu Suspends Three Permanent Secretaries, Orders Arrest Over Fake Agency

President Bola Tinubu has suspended three permanent secretaries and ordered the arrest of George Buchi Nwabueze following the discovery of...

arsenal cov arsenal cov
Sports19 hours ago

Arsenal Begin Premier League Title Defence With 3-0 Win Over Coventry City

Arsenal started their Premier League title defence in style with a comfortable 3-0 win over newly promoted Coventry City at...

Victor Osimhen with Arsenal badge Victor Osimhen with Arsenal badge
Sports19 hours ago

Victor Osimhen To Arsenal: Why Wages And Galatasaray Price Could Decide Transfer

Victor Osimhen to Arsenal transfer update: See why wages, Galatasaray’s price, Arsenal’s striker search and Osimhen’s decision could determine the...

hull united hull united
Sports19 hours ago

Manchester United vs Hull City Today: Kick-Off Time, Team News, Prediction And How To Watch

Manchester United vs Hull City today: See kick-off time, Nigerian time, team news, predicted lineups, how to watch and match...

adeleke apc accord adeleke apc accord
Politics19 hours ago

Osun Election: How APC, Accord Spent Over N100bn Amid Vote Buying

APC and Accord allegedly deployed over N100bn in the Osun governorship election, with billions reportedly spent on vote buying, agents,...

ndleaaa ndleaaa
News19 hours ago

NDLEA Busts ₦39bn Cocaine Cartel, Arrests Influencer KC Luxury At Lagos Airport

NDLEA has arrested social media influencer KC Luxury over an alleged ₦39bn cocaine cartel after 184.5kg of cocaine was intercepted...

liverpool mancity badges liverpool mancity badges
Sports19 hours ago

Liverpool, Man City Face New Era as Salah and Guardiola Depart

Liverpool and Manchester City begin a new Premier League era without Mohamed Salah and Pep Guardiola, leaving both clubs facing...

obi tinubu atiku obi tinubu atiku
Politics19 hours ago

Peter Obi Challenges Tinubu, Atiku, Other 2027 Aspirants to Face Nigerians, Defend Their Records

Peter Obi has challenged Tinubu and other 2027 presidential hopefuls to defend their records, engage Nigerians directly and subject their...

UK visa UK visa
News19 hours ago

Nigerian Passport UK: NIS Sends Intervention Team To Clear Backlog, Who Can Apply

Nigerians in the UK with pending passport applications, new applications or passports close to expiry can benefit from the NIS...

big brother mail housemates big brother mail housemates
Big Brother Naija19 hours ago

BBNaija Season 11 Eviction: Full List Of Housemates At Risk This Week

BBNaija Season 11 eviction: See the full list of housemates at risk this week, who is safe, why Abi’s HoH...

Advertisement