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.
According to reports, 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 regulator identified the international offtakers as Compagnie Énergie Électrique du Togo, Société Béninoise d’Énergie Électrique of the Republic of Benin, and Société Nigérienne d’Électricité of the Republic of Niger.