Benin, Togo, Niger owe Nigeria N17.45bn in electricity debts

Benin, Togo, and Niger collectively owe Nigeria N17.45 billion in electricity debts, as reported by the Nigerian Electricity Regulatory Commission (NERC). For the first quarter of 2026, these countries exhibited a remittance performance of only 27.57%, having paid just $4.82 million against a cumulative invoice of $17.48 million.

Specifically, Benin failed to remit payment on a $1.94 million invoice, while Togo did not pay its $1.67 million invoice. Niger, however, performed better, remitting $2.79 million against a $4.45 million invoice, translating to a 62.70% payment performance.

The report highlighted that domestic bilateral customers had a stronger payment performance, remitting 95% of their invoices during the same period. Additionally, the Ajaokuta Steel Company has not made any payments against a $676.88 million invoice issued by the Nigerian Bulk Electricity Trade Plc.