Thursday, May 19, 2022

Togo, Benin And Niger Republic Owe Nigeria ₦700m In Unpaid Power Bills

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The Nigerian Electricity Regulatory Commission has said that the Republic of Benin, Niger Republic and Togo made no payment for the electricity supplied to them from Nigeria in the second quarter of 2021.

The NERC in its Second Quarter Report 2021, revealed that the power firms of the three nations and some other special customers were issued a total bill of N770m by the Nigerian Bulk Electricity Trading company and the Market Operator of the Transmission Company of Nigeria, but no payment was made.

Power firms in these neighbouring countries include Societe Nigerienne d’electricite – NIGELEC, in Niger Republic; Societe Beninoise d’Energie Electrique – SBEE, in Benin Republic; and Compagnie Energie Electrique du Togo– CEET, in Togo Republic.

The report read;

“During the quarter under review, NBET and MO issued a total of N0.77bn in respect of energy sold by NBET and services rendered by MO to the special (Ajaokuta Steel Co. Ltd and other bilateral customers) and international customers (Societe Nigerienne d’electricite – NIGELEC, Societe Beninoise d’Energie Electrique – SBEE and Compagnie Energie Electrique du Togo– CEET).

“No payment was made by these customers during the quarter under review. It is hoped that as the economy of these customers improves post-COVID-19 lockdown so that they will resume the settlement of their bills in full.”

Giving a report on performance of distribution companies in Nigeria with respect to the payment of electricity sold to them by the NBET, NERC revealed that apart from Eko Disco, none of the other Discos met their expected minimum remittance thresholds to NBET in the quarter under review.

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