The Nigerian Electricity Regulatory Commission (NERC) says Togo, Niger and Benin Republic owe Nigeria $11.57 million for electricity supplied under bilateral agreements in the third quarter of 2025.

 

 

 

In its Q3 2025 market report, NERC said the Market Operator (MO) issued invoices totalling $18.69 million to international customers, but only $7.12 million was paid, representing a remittance performance of 38.09 percent. The international offtakers were listed as Compagnie Énergie Électrique du Togo, Société Béninoise d’Énergie Électrique of Benin Republic, and Société Nigérienne d’Électricité of Niger Republic.

 

 

 

 

“The three (3) international bilateral customers being supplied by GenCos in the NESI made a payment of $7.12 million against the cumulative invoice of $18.69 million issued by the MO for services rendered in 2025/Q3, translating to a remittance performance of 38.09%,” the report said.

 

 

 

NERC added that domestic bilateral customers remitted ₦3.19 billion against the ₦3.64 billion invoices issued for the quarter, equivalent to an 87.61 percent performance. The commission noted that some customers also settled arrears from previous quarters, with the MO receiving $7.84 million from international buyers and ₦1.29 billion from domestic customers.

 

 

 

 

However, NERC said Ajaokuta Steel Co. Ltd and its host community, classified as a special customer, failed to make any payment toward the ₦1.03 billion invoice issued by the Nigerian Bulk Electricity Trading (NBET) Plc and the ₦100 million issued by the MO. The commission said the non-payment continued a longstanding pattern and that it had called for federal government intervention.