The Nigerian Electricity Regulatory Commission (NERC) has disclosed that none of the four international bilateral customers supplied by Nigerian power generation companies made payments towards the cumulative invoice of $14.19 million issued for services rendered in the first quarter of 2024.
According to the report released by NERC, the four foreign companies in question are Para-SBEE and Transcorp-SBEE in Benin Republic, Mainstream-NIGELEC in Togo, and Odukpani-CEET in Togo.
These companies failed to remit payments amounting to $3.15 million, $4.46 million, $1.21 million, and $5.36 million, respectively.
The report also highlighted that none of the bilateral customers within Nigeria made any remittances against the cumulative invoice of ₦1.86 million issued to them during the same period. 
Despite these lapses, NERC noted that some bilateral customers, both local and international, made payments towards outstanding Market Operator invoices from previous quarters.
A total of $5.96 million was received from two international customers, while eight local customers paid ₦505.71 million towards settling debts incurred before Q1 2024.
The commission expressed concern over what it termed “payment indiscipline” exhibited by both local and international bilateral customers.
It emphasized the need for the Market Operator, an arm of the Transmission Company of Nigeria (TCN), to invoke the market rules to address the issue.
In a related development, it was reported in May that international consumers failed to remit approximately $51.26 million for electricity exported from Nigeria in 2023.
Additionally, bilateral power consumers within Nigeria did not remit about N7.61 billion to the power sector in the same year.
NERC condemned the situation, urging the Market Operator to take necessary actions to curtail the non-payment trend.
The post Togo, Benin Owe Nigeria $14 Million For Electricity – FG appeared first on Naija News.
