International customers from Togo, Benin and Niger Republic owe Nigeria the sum of $5.7 million for electricity supply in the third quarter (Q3) of 2024.
The international customers are Paras-SBEE and Transcorp-SBEE both from the Benin Republic; Mainstream-NIGELEC from Niger; and Odukpani-CEET from Togo.
The Nigerian Electricity Regulatory Commission (NERC) disclosed the figure in its latest quarterly report.
Under an international treaty, Nigeria sells electricity to neighbouring countries such as Benin Republic, Togo, and Niger Republic.
According to the report, market operators (MO) issued an invoice of $12.19 million to six firms – out of which $6.49 million was paid
“In 2024/Q3, the six (6) international bilateral customers purchasing power from the grid connected GenCos made a cumulative payment of $6.49 million against the $12.19 million invoice issued to them by the MO for services rendered in 2024/Q3,” NERC said.
“Similarly, the domestic bilateral customers made a cumulative payment of ₦1,566.51 million against the N2,100.79 million invoice issued to them by the MO for services rendered in 2024/Q34.”
In terms of outstanding invoices, the report said some bilateral customers (both domestic and international customers) made payments in Q3 2024 for outstanding MO invoices from previous quarters.
“Odukpani-CEET made a payment of $1.33 million towards outstanding invoices from previous quarters,” the commission said.
“Similarly, the MO received N31.51 million from the domestic bilateral customers (North-South/Star Pipe; N9.50 million and Trans-Amadi (OAU/FMPI); N22.01 million) towards outstanding invoices from previous quarters.”