Nigeria is owed $8.84 million by Benin Republic and Togo for the power used during the fourth quarter of 2024. This was revealed by the Nigerian Electricity Regulatory Commission in the market operator’s fourth quarter report for 2024.CONTINUE FULL READING>>>>>
The six foreign bilateral clients that Gencos serves in Nigeria’s electricity supply sector “made a payment of $5.21 million against the cumulative invoice of $14.05 million issued by the Market Operator for services rendered in 2024/Q4,” according to the report. This represents a 37.08 percent remittance performance. Transcorp-SBEE (Ughelli) in Benin paid $1.71 million out of $3.59 million, Transcorp-SBEE (Afam 3) paid $0.90 million out of its $1.2 million invoice, Odukpani-CEET in Togo owes $2.37 million, and Paras-SBEE in the Benin Republic ($2.65 million) and Paras-CEET in Benin ($1.64 million).
