Togo, Niger, and Benin owe Nigeria $17.8m, an equivalent of over N25bn at the current exchange rate, for electricity supplied under bilateral arrangements, the Nigerian Electricity Regulatory Commission has said.
In its Third Quarter 2025 report, NERC disclosed that the three international customers were invoiced a total of $18.69m by the Market Operator for electricity supplied during the period, but they remitted only $7.125m, leaving an outstanding balance of $11.56m.
Similarly, the international bilateral customers had legacy invoices of $14.7m, out of which they paid $7.84m, leaving a balance of $6.23m. News men reports that the debt incurred from the previous quarters and that of Q3 2025 amounted to $17.8m. This is N25.36bn at an exchange rate of N1,425 to a dollar.
The Commission disclosed that Nigeria’s 11 electricity distribution companies remitted a combined N381.29bn to the Nigerian Bulk Electricity Trading Plc and the Market Operator in Q3 2025, out of a total invoice of N400.48bn, translating to a remittance performance of 95.21 per cent, further saying that the figures were based on reconciled market settlements submitted to the commission as of December 18, 2025, as part of its statutory assessment of the commercial performance of the electricity market.
