Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,552,179 members, 5,884,567 topics. Date: Tuesday, 29 September 2020 at 02:22 AM

Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists (17039 Views)

Nigeria May Stop Oil Production If Price Crash Persists –NNPC / Uncertainty Persists Over Lagos PDP Governorship Primaries / FG Secures Senator Nwaoboshi's Arrest Warrant Over Diversion Of N3.48bn (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by Omooba77: 9:03am On Jul 27
Three neighbouring countries bought a total amount of electricity worth $81.48bn from Nigeria in the last two years, even as many households and businesses in the country continued to suffer blackout, ’FEMI ASU reports

The invoices given to the Republics of Togo, Niger and Benin for the electricity supplied to them from Nigeria in 2018 and 2019 totalled $81.48bn, an analysis of data obtained from the Nigerian Electricity Regulatory Commission has shown.

Niger bought electricity worth $26.03bn in the two-year period while Togo and Benin imported $55.45bn electricity from Nigeria.

Power generation in the country has been hovering between 3,000 megawatts and 4,500MW in the past few years, despite the privatisation of the sector in 2013.

The national grid has continued to suffer system collapse over the years amid lack of spinning reserve that is meant to forestall such occurrences. Between November 1, 2013 and May 2020, the number of total grid collapse recorded was 83 while the grid partially collapsed 25 times.

However, Nigeria, through some of its power plants, sell electricity to the neighbouring countries, which are classified as international customers.

Niger’s power firm, Societe Nigerienne d’electricite, received a total invoice of N3.01bn for electricity supply from Nigeria in the first quarter of 2019; N3.69bn in Q2; N4.1bn in Q3; and N2.07 in Q4.

In 2018, NIGELEC received an invoice of $2.89bn in Q1; $3.56bn in Q2; $3.63bn in Q3: and $3.08bn in Q4.

Communaute Electrique du Benin, a power firm owned by Togo and Benin, received a total invoice of N9.74bn for the power supplied to it in Q1; N7.16bn in Q2; and N2.27bn in Q3 but none in Q4.

In 2018, CEB received an invoice of $9.04bn in Q1; $9.44bn in Q2; $8.48bn in Q3; and $9.32bn in Q4.

According to NERC’s quarterly reports, the international customers did not make any payments in each of the four quarters of 2019.

“During the quarter under review, the special and international class of customers made no payment to the Nigerian Bulk Electricity Trading Plc and the Market Operator,” NERC said in its fourth-quarter report.

“The Federal Government has continued to engage the governments of neighbouring countries benefitting from the export supply to ensure timely payments for the electricity purchased from Nigeria,” the regulator added.

The total amount of electricity generated by power plants on the national grid as of 6am on Saturday stood at 3,219MW, according to the Nigerian Electricity System Operator.

Nine of the 27 power plants did not generate any megawatts of electricity as of 6am on Saturday, with 2021.7MW generation capacity left unused.

The system operator put the nation’s installed generation capacity at 12,910.40MW; available capacity at 7,652.60MW; transmission wheeling capacity at 8,100MW; and the peak generation ever attained at 5,375MW.

“Among households, electricity access is still limited in Nigeria (around 56 per cent). Yet, access is often unreliable since electricity supply suffers from frequent outages,” the World Bank said in a recent report.

The report noted that rural areas were particularly hit by blackouts, where number of interruptions in supply were almost double of that in urban areas.

It said, “Electricity is reported to be a major constraint by businesses. Around 27 per cent of enterprises identify electricity as the main obstacle to doing business, which is more than twice the sub-Saharan Africa average.

“For business consumers, improved reliability of power will reduce losses due to outages, and reduce expenditure on alternative sources of energy.”

A former Managing Director of the Transmission Company of Nigeria, Mr Usman Mohammed, told our correspondent recently that power supply to Benin and Togo was disconnected in October 2019 because of the non-payment of the outstanding debt.

According to him, the amount of electricity being sold to international customers is around 300 megawatts, with Togo being supplied by Calabar Power Plant; Benin by Paras Energy & Natural Resources Development Limited; and Niger by Mainstream Energy Solutions Limited.

The government-owned NBET buys electricity in bulk from generation companies through Power Purchase Agreements and sells through vesting contracts to the Discos, which then supply it to the consumers, while the Market Operator is an arm of the TCN.

According to NERC, the financial viability of the Nigerian electricity supply industry is still a major challenge threatening its sustainability.

It said, “As highlighted in the preceding quarterly reports, the liquidity challenge is partly due to the non-implementation of cost-reflective tariffs, high technical and commercial losses exacerbated by energy theft and consumers’ apathy to payments under the widely prevailing practice of estimated billing.”

It added that the severity of the liquidity challenge in the industry was reflected in the settlement rates of the energy invoices issued by NBET to each of the Discos, as well as the non-payment by the special and international customers.

https://punchng.com/nigeria-exports-81-48bn-electricity-on-credit-as-countrys-blackout-persists/

5 Likes

Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by articleme(m): 9:04am On Jul 27
hmmm

4 Likes

Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by Omooba77: 9:07am On Jul 27
No qualms, we are only doing big brother Africa..............................
Corruption will continue to persist with all these abnormalities

34 Likes

Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by Omooba77: 9:19am On Jul 27
articleme:
hmmm

A man and family is hungry, but keep on giving his food to neighbor.

Yet PHCN will be loading us with Estimated billings and we mumu Nigerians pay for unused light.

N36450000000000.00 ............................This is about N36.45 Trillion naira.......................Much more than our yearly budgets.....................
God bless Nigeria.................................And Buhari and co imposing taxes on us............................

69 Likes 6 Shares

Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by Maple51: 9:20am On Jul 27
Are you sure of these figures? They look very large So we get all these electricity and we never see light for my street for 1 month now

For less than your sub money, learn to build any kind of website with WP (#1,999) and start building websites in 2 days! Click my name for details

8 Likes 1 Share

Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by Omooba77: 9:23am On Jul 27
Maple51:
Are you sure of these figures? They look very large So we get all these electricity and we never see light for my street for 1 month now

$81.48 bn equivalent to N36. 5 Trillion naira

21 Likes 1 Share

Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by brosom(m): 9:25am On Jul 27
yeye dey smell for this country, nonsense ingredient.
Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by OLDESTWARRIBOY: 9:25am On Jul 27
People for this country never see light finish but dem still dey share give other countries.

Everything for this country na cast

11 Likes 1 Share

Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by Jack500: 9:25am On Jul 27
Giving out what u don't have!

Senseless leaders

3 Likes 1 Share

Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by DamZik(m): 9:25am On Jul 27
What positive difference has APC made in Nigeria. African most corrupt political party. Shame on Buhari and his zombies.

28 Likes 2 Shares

Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by Nobody: 9:25am On Jul 27
Why not use it to their citizens.
At least we don't owe them here
Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by Toscarele: 9:25am On Jul 27
Yet the Zonebees refuse to let themselves be cleansed of the curse they are bringing upon themselves

14 Likes

Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by Racoon(m): 9:25am On Jul 27
Giant of Africa indeed.
Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by cRobo: 9:26am On Jul 27
what a country
Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by temptnow: 9:26am On Jul 27
Someone laid curse on Nigeria, we must find out what happened in the past,

cos if Fela should wake up again the only change he will meet is GSM phone nothing else

39 Likes

Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by chatinent(m): 9:27am On Jul 27
A failed state.

1 Like 1 Share

Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by Openbusiness4: 9:27am On Jul 27
Where are those NDDC anti-corruption crusaders oh?

$81.48 billion = N38 trillion naira approx.

Where is your outrage? Where is your voice against this monumental ineptitude and mind-blowing staggering corruption. If a common Nigerian citizen as much as owe Nepa bill of N10K, dey will bring ladder and cut your light. As a prepaid meter user, once d units finish, light don go b dat. NEPA has never recharge my meter on credit before. Na money before service. Where is your rage and call for probe and punishment? I'm not supporting corruption, never have, never will. But I will never support chasing after small thieves and leaving the bigger thieves to continue stealing this country to death.

N38 trillion naira minus 90 billion naira = N37,910,000,000,000 trillion naira.

Where are those one-sided Buhari anti-corruption fighters? Come and see another one oh. We have not even talk about the 48 million barrels of oil that has been siphoned to China. That's the one we know oh, what of the ones we don't know.

14 Likes

Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by rawswag(m): 9:27am On Jul 27
lots of places in Nigeria are not even connected to the national grid
lots of places are not even enjoying 20hrs of electricity
yet we are exporting electricity worth 36.5 trillion
wow

5 Likes

Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by jojofola: 9:27am On Jul 27
Na sufferheads plenty for Naija!!

Can you just imagine the rubbish.
Dem dey loan outside countries stable light.
And dem dey bill us with terrible power supply.

Tomorrow go come, dem go share 1k give people make dem carry placards of "Our Darling Daddy" cheesy

Pesin wey do us don turn dust tey tey

13 Likes

Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by oluseyiforjesus(m): 9:27am On Jul 27
With wat God blessed Nigeria with, we shouldn't be suffering like this......

8 Likes

Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by Nathphil(m): 9:28am On Jul 27
And light no even dey here
Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by noble71(m): 9:28am On Jul 27
cool
Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by Codes151(m): 9:28am On Jul 27
Maple51:
Are you sure of these figures? They look very large So we get all these electricity and we never see light for my street for 1 month now
na so na.

For our side. Them get dedicated lines for big men. 24/7 light.

Our normal light, na epileptic

5 Likes 1 Share

Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by OkhaiAsein(m): 9:28am On Jul 27
font=Times New Roman]meanwhile I'll design a brand logo and flyer for your business for just 3k[/font]
Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by FakeMillionaire: 9:28am On Jul 27
9ja matter tire me.....i enter Paris and i asked d hotel manager weda dem dey take light for d hotel,d man luk me nd asked which country i come frm and i say 9jeria....he laughed and said "when God said let there b light nigeria was not among" i jus faint.

7 Likes

Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by mariahAngel: 9:29am On Jul 27
grin

Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by SmartPolician: 9:29am On Jul 27
Nigeria is playing a big brotherly role while her people suffer. Being an elder comes at a cost cheesy

After all, the US is expending huge sums through UN, WHO and USAID to cater for poor countries that will still turn around to insult them

Mind you, everyone in the US isn't rich, but they keep shouldering the responsibilities of weak and poor countries.

Just like the US to the world, Nigeria is a sub-Sahara African big brother grin grin grin

6 Likes

Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by Rgade: 9:29am On Jul 27
lipsrsealed
N81bn Not dollars.
How on Earth did Nigeria generate and transmit $81bn worth of electricity in 2 years undecided
We have that capacity and we're still doing up NEPA.
Op get your affairs in order.

9 Likes

Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by Patrioticman007(m): 9:29am On Jul 27
Omooba77:


$81.48 bn equivalent to N36. 5 Trillion naira

BB Naija
Re: Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists by OkhaiAsein(m): 9:29am On Jul 27
good one
.
font=Times New Roman]meanwhile I'll design a brand logo and flyer for your business for just 3k[/font]

(1) (2) (3) (4) (Reply)

Bakare Attacks Lagos Over N72m Land Charge / Vehicle Rams Into Amaechi 's Convoy. / Jang Shuns PDP Reconciliation Committee

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2020 Oluwaseun Osewa. All rights reserved. See How To Advertise. 97
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.