The Nigerian Government has revealed that Niger, Benin Republic and Togo are indebted to the country to the tune of $14.2 million in electricity bills debts in the First Quarter of 2024. This was according to the Nigerian Electricity Regulatory Commission, NERC Q1 report 2024.
This is as NERC asked the Electricity Market Operator under the Transmission Company of Nigeria to activate the relevant market rules to ensure the recovery of $14.2 million owed to Nigeria by international customers in Q1, 2024. The NERC is worried that the beneficiary countries being supplied electricity by Nigeria have failed to remit monies to the country. This was contained in the NERC s Q1, 2024 report.
recalls the three countries owed Nigeria N132.2 billion in electricity bills supplied to them from 2018 to the first quarter of 2023.
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