NERC: Niger, Benin Republic Owe Nigeria N15.5bn in Electricity Debt via thisdaylive
Niger and Benin Republics – two of the international customers Nigeria supply electricity to are yet to pay the country about N15.5 billion for electricity supplied to them between the fourth quarter of 2018 and the first quarter of 2019, the Nigerian Electricity Regulatory Commission has disclosed.
Historically, Niger and Benin Republics which get at least 300 megawatts of electricity from Nigeria everyday have defaulted in prompt payments for such supplies. Nigeria in 2018, reportedly threatened to disconnect both countries from its supply for their rising debts to her power sector. It had also indicated it would negotiate fresh supply terms with them to reflect the operational realities in her privatised power market.
NERC equally stated that the level of collection efficiency during the quarter under review indicated that a sum of N3.6 out of every N10 worth of energy sold during the first quarter of 2019 remained uncollected as and when due. It also noted that whereas the collection efficiency of the Discos ranged from 40 per cent as it was the case with Kaduna Disco to 84 per cent for Ikeja Disco, remittance performance however ranged from 10 per cent in Jos Disco to 43 per cent in Ikeja as well.
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