The Nigerian Electricity Regulatory Commission (NERC) has disclosed that neighboring West African countries Benin and Togo owe Nigeria approximately $8.5 million for electricity supplied during the second quarter of 2025. The revelation comes from NERC’s recently published Q2 report, highlighting concerns over international remittance performance and its impact on Nigeria’s power sector.
According to the report, six international bilateral customers received electricity from Nigerian generation companies but collectively remitted only $9.01 million out of a total $17.54 million invoiced by the Market Operator. This leaves an outstanding balance of $8.53 million, representing a remittance rate of just 51.33%.
NERC warned that these shortfalls are straining the Nigerian Electricity Supply Industry (NESI), which relies on timely payments to maintain operations and infrastructure. The commission emphasized that cross-border electricity supply arrangements, managed by the Transmission Company of Nigeria (TCN), must be backed by consistent financial commitments to remain sustainable.
In addition to international customers, domestic bilateral customers also underperformed, remitting only ₦1.4 billion out of ₦2.8 billion billed, a 50.10% remittance rate.