The federal government has revealed that neighbouring Togo and Benin are two of the four international bilateral customers owing the country to the of tune $14.19m, approximately over N22bn, for electricity supplied by the power generation companies in the Nigerian electricity supply industry.
The revelation is contained in a publication by Nigerian Electricity Regulatory Commission, NERC.
The debts are for services rendered in the first quarter of 2024, with the debtor
foreign companies and amounts indiviiduals owned listed.
The report has it that: Para-SBEE in Benin Republic ($3.15m), Transcorp-SBEE in Benin ($4.46m), Mainstream-NIGELEC in Togo ($1.21m), and Odukpani-CEET in Togo ($5.36m).
Beyond that, it said no remittances were made by bilateral customers within the country against the cumulative invoice of N1.86m issued to them by the market operator for services rendered in Q1 2024.
It, however, said that some bilateral customers (both local and international customers) made payments during the quarter for outstanding Market Operator invoices from previous quarters.
“Cumulatively, a total of $5.96m was paid by two international customers. Similarly, the market operator received N505.71m from eight local bilateral customers as payment towards debts that were incurred pre-2024/Q1,” the report stated.
