The Republics of Togo, Niger and Benin owe Nigeria a total of N29.97bn for the electricity supplied to them from January to September last year, according to the Nigerian Electricity Regulatory Commission.

Nigeria, through its electricity transmission company, supplies power to these countries, which are classified as international customers in the Nigerian power sector.

Niger’s power firm, Societe Nigerienne d’electricite, failed to pay a total invoice of N3.01bn it received in the first quarter of 2019; N3.69bn in Q2; and N4.1bn in Q3.

Communaute Electrique du Benin, a power firm owned by Togo and Benin, did not pay N9.74bn for the power supplied to it in Q1; N7.16bn in Q2; and N2.27bn in Q3.

NERC said in its latest quarterly report released on Friday that the international customers made no payment for the total outstanding debt in Q3.

“The Nigerian 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,” it said.

The regulator said the financial viability and commercial performance of the Nigerian electricity supply industry continued to be a major challenge.

According to the report, a total invoice of N179.66bn was issued to the power distribution companies for energy received from the Nigerian Bulk Electricity Trading Plc and for service charge by the Market Operator in Q3, but only a sum of N58.81bn was settled.

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 MO is an arm of the Transmission Company of Nigeria.

NERC said, “Although the Discos fully met the minimum remittance for MO, the average aggregate remittance performance to NBET was 32.73 per cent, with performance level ranging from 19.43 per cent (Jos) to 50.03 per cent (Eko).

“This is slightly lower than the minimum remittance threshold prescribed in the orders on minimum remittance issued to all Discos in July 2019 with Enugu and Ikeja failing to meet their remittance obligation during the period.”

The regulator added that following the commencement of enforcement of the minimum remittance order, all Discos had since fully complied with their respective minimum remittance thresholds.

“Notwithstanding the slight progress recorded in the third quarter of 2019, the financial viability of the Nigerian electricity supply industry is still a major challenge threatening its sustainability,” it added.

Last month, the West African Gas Pipeline Company Limited said it was resuming its supply of natural gas from Nigeria to its customers in Republic of Benin, Togo and Ghana.

WAPCo disclosed this while announcing the successful completion of the cleaning and inspection of its 20’’ offshore pipeline from Badagry in Nigeria to Takoradi in Ghana.

WAPCo is the operator of the West African Gas Pipeline, which was built to supply natural gas from Nigeria to customers in Republics of Benin, Togo and Ghana.

Source: https://punchng.com/togo-niger-benin-owe-nigeria-n30bn-for-electricity/

Wen will Nepa even carry ladder to go and cut their own light?? Shebi if its here now dey'll carry ladder up and down

N30bn ?

Chicken change

That's in Nigeria politicians voice

Davdo money

Believe any of the lies from our nation at your own peril ...any thing concerning Nigeria's finance Spilled in the open is always filled with blatant lies


(To the King of Buhari Sheeple below me)

For you to have the belief that someone will jump up that bokoharam is killing our citizens shows how low and delissusional you are

When your government say they allocate a certain amount of budget to a project,how much do they actually use?

They tell us billions of naira for road ,water and health,yet these project turn out to be substandard or abandoned


The only thing The Nigerian Government is very swift to act on is Calling out big sums to the public

And Gullible idiots like you who have nothing to do this morning than to quote me will accept the government words

You are surely the king of Buhari Sheeple

You are the one who needs Deliverance
Recieve it !!!

slyfox35:
Believe any of the lies from our nation at your own peril ...any thing concerning Nigeria's finance Spiller in the open is always filled with blatant lies

But if they say bh bombed 100 soldiers u will jump up excitedly. Smh. Go for deliverance

Audio money

And una never cut their light but if bobos owe una 2k una go climb ladder

You never eat Belle Full dey dish out light. Since 3 months I never get light.

Nbote:
Wen will Nepa carry ladder to go and cut their own light??

Hahahahaha

Den owe Nigeria Nepa 30 Billion nothing happen.

If a Nigerian owe Nepa 10k den go cut of the light.

The 30 Billion Gang..

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Offer lasts for a limited period only.

We don't have enough and we are still giving people from the one we should be managing.....pls cut them off .....let's enjoy our light.

Pay ur debt now

The debt is massive

allthingsgood:


But if they say bh bombed 100 soldiers u will jump up excitedly. Smh. Go for deliverance

Allow this rebel to continue his madness.

allthingsgood:


But if they say bh bombed 100 soldiers u will jump up excitedly. Smh. Go for deliverance

the guy is a sadist

What electricity? We don't even have enough to power Nigeria

Why won't they owe Nigeria when their brother is at the affair of Nigeria. I even expected Chad and Sudan to be among. Yet we are still borrowing up and down.

ikorodureporta1:
The Republics of Togo, Niger and Benin owe Nigeria a total of N29.97bn for the electricity supplied to them from January to September last year, according to the Nigerian Electricity Regulatory Commission.

Nigeria, through its electricity transmission company, supplies power to these countries, which are classified as international customers in the Nigerian power sector.

Pay up!

Are we not mad like this, we haven't finished supplying Nigeria we r supplying countries that enjoy more hours of electricity than us

Wonder why I don't use the phrase " you can't give what you don't have".

Because the reverse is the case in Nigeria, it is only Nigeria that give what they don't have. How can we give electricity when we don't have one, and how can we have money outside and still complain of no money to the tune of borrowing from China...
Nigeria government matter is beyond prayer.


Even the money to will be looted as soon as it entered Nigeria coffer

Hmmm.... BT why are you telling us this? Do u expect us to carry ladder go cut their wire ni or start #payurdebt on twitter?.. Useless info, iranu...

It's just a pity that we cannot cut them off because of the way we got the light or else we would have cut the off