₦airaland Forum

Nigeria’s international electricity customers, Benin Republic, Niger and Togo failed to make any payment to the Market Operator (MO) out of the $14.19 million electricity bill in the first quarter of 2024. The Nigeria Electricity Regulatory Commission (NERC) disclosed this in its report for the first quarter of 2024.

A breakdown of the figure according to NERC disclosed that the international customers, PARAS-SBEE owed $ 3.15 million, Transcorp- Société Béninoise d’Energie Electrique (SBEE) owed $4.46 million, Mainstream- Nigerien Electricity Society (NIGELEC) power utility firm in Niger Republic owed $1.21 million while Odukpani- Compagnie Energie Electriques du Togo (CEET) owed $ 5.36 million.

Similar to the international bilateral customers, the bilateral customers within Nigeria still did not make any payment of the N1.86 billion billed in the quarter. The NERC stated in the report. The report also indicates that both local and international bilateral electricity customers have made payments for previous outstanding quarters. It noted that the two international bilateral customers paid approximately $5.19 million, while eight bilateral customers within Nigeria paid around N505.71 million.

The total revenue collected by all Distribution Companies (DisCos) during the period amounted to ₦291.62 billion, out of ₦368.65 billion billed to customers. The total energy received by all DisCos was 7,171.93 GWh, while the energy billed to end-use customers was 5,769.52 GWh, resulting in an overall billing efficiency of 80.45 percent.

Ikeja DisCo led the revenue collection with ₦57.88 billion, followed by Eko DisCo with ₦48.74 billion. Yola DisCo collected the least revenue at ₦5.46 billion. Other notable collections include: Abuja DisCo with ₦48.60 billion, Ibadan DisCo with ₦30.35 billion, Benin DisCo with ₦22.46 billion, Enugu DisCo with ₦21.24 billion, and Port Harcourt DisCo with ₦20.39 billion. Additional collections were Kano DisCo at ₦13.62 billion, Jos DisCo at ₦13.29 billion, and Kaduna DisCo at ₦9.60 billion.

https://theafricadailypost.com/317629/regions/west-africa/togo-benin-and-niger-owe-nigeria-14-19-million-in-electricity-debt/

Nigeria we like forming giant of Africa for this small small African countries. Please they should pay us our money, we need it now.

That's huge

EreluRoz:
Nigeria we like forming giant of Africa for this small small African countries. Please they should pay us our money, we need it now.

better owed than being paid to the looting government of Nigeria. At least Nigerians in those country may benefit a little from it.