₦airaland Forum

None of the four international bilateral customers being supplied by the power generation companies in the Nigerian electricity supply industry made payment against the cumulative invoice of $14.19m issued by the market operator for services rendered in the first quarter of 2024.

The Nigerian Electricity Regulatory Commission revealed this in a report sighted by our correspondent.

The foreign companies are 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).

NERC added that 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, noted 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.

The commission said it was expecting the market operator to invoke the provisions of the market rules to curtail what it called the payment indiscipline being exhibited by local and international bilateral customers.

In May, it was reported that international consumers failed to remit about $51.26m to Nigeria for electricity exported from Nigeria to power users in 2023.

The Federal Government revealed this in the industry data showing the non-remittances by consumers.

Also, the bilateral power consumers did not remit about N7.61bn to the Nigerian power sector in 2023.

NERC condemned the development, describing it as payment indiscipline that must be curtailed by the Market Operator, an arm of the TCN, which is the firm in charge of Nigeria’s power export.

An analysis of the government’s industry data indicated that the international consumers failed to remit $16.11m, $11.97m, $11.16m, and $12.02m to Nigeria for the electricity exported to them in the first, second, third, and fourth quarters of 2023, respectively.

Source: https://punchng.com/Togo-Benin-owe-Nigeria-$14m-for-electricity-FG

FG that is owing NNPC?
Nigeria can only be better if we become a Nation and not a Country..,......
Only Yoruba will understand dis
Orile'de people of the same language n culture.........

Why will they make payment when they can easily bribe federal Government officials with money, maybe they have even paid and snake have eaten it up as usual.
Nigeria Government and Africa Government are like 5 and 6 when it comes to corruption.

When are we going to collect our debts from them and use it to sort the ones we owe Chinese and World Bank. Cos our gbese under this APC government is plenty.

Stupid country

So I should celebrate or what...?


My country is owing others 91 billion dollars and you're informing me of Togo


Nonsense

Light wey we no get na him we dey carry do giveaway to other countries.

And most surprising thing is these countries have better light than us here.

adenigga:
Source: https://punchng.com/Togo-Benin-owe-Nigeria-$14m-for-electricity-FG

just $14m, can they account for past payments

On a light note, NEPA should get their ladder up to disconnect their wire.

Alright, Nigeria my kwantry

Okay,they should help us hold it until this jegudujera gofament leaves
Because Tinubu will waste the money.

Hope one useless senator won't go behind and claim what doesn't belong to his generation.

Politicians are thieves!

FG means Failed Government.

Cut their supply abeg, light wey never reach us Una still dey supply ppl wey no won pay.

Am sure some officials seff go don collect money low-key wey no dey official. Lol

Cut it jare, bo be so una dey do us wey get the light. Make dem seff sort reconnection fee. Lol

Nigeria should stop moaning about supplying energy to these countires becuase thie infrasture is better managed and their people ae more hopefu than this country with resources that someone alone is privatising.

Who acquaired who? NNPC Retail or OVH?[color=#990000][/color]

Disconnect them what are you waiting for

Toh

And people like my friend are quick to throw Naija under the bus in any argument. E. G, common Togo and ghana is better than Nigeria. They have light etc.

I must show him this headline.

They should pay up or you disconnect them.......quit acting like pussy and provide steady electricity for your citizens, stop feeding other countries while you are hungry, it is unwise!!!

Ghana don pay theirs?

Disconnect their lights

K

Let them build their dam na
U give them electricity because u don't want them to build their dam.... Make dem pay up Sha, FG 2 dey generous if na China now dem go Don seize Benin republic president private jet

Idiots , una papa

But the useless mannequin used taxpayers $150M to buy presidential plane.
Who wicked

Let's use loan shark style to recover our loan from them

adenigga:
Source: https://punchng.com/Togo-Benin-owe-Nigeria-$14m-for-electricity-FG

Make una carry ladder to disconnect them now 😾

omoadeleye:
Let's use loan shark style to recover our loan from them

What if China does the same to us?

Kaa4:
Nigeria should stop moaning about supplying energy to these countires becuase thie infrasture is better managed and their people ae more hopefu than this country with resources that someone alone is privatising.

Who acquaired who? NNPC Retail or OVH?[color=#990000][/color]

Why not try to understand stuffs before ranting. NNPC acquired OVH that owns all the retail stations of oando. That's why you see all OandO filing station now branded as NNPC retail. NNPC now own OVH 100%. What NNPC has done now is to allow their new company OVH to run the filing station professionally with an expat heading the business. I'm sure some people in NNPC is not happy with this.
On Power supply to Togo and Benin, there is an existing bilateral agreement for Nigeria to generate power on River Nigeria and sell power to the Countries along the River Niger. In exchange, these countries agreed not to build any Dam on River Niger. If they build Dam, there won't be enough water in River Niger in Nigeria, this will I turn affect our electricity generation Kanji Dam, irrigation etc check why River Euphrate dried up.
Na diplomacy