Niger, Benin, Togo owe Nigeria N5.8bn for power in 2020 – Report

The Republic of the Niger, Republic of Benin and Togolese Republic did not pay a N5.86 billion electricity debt in 2020 from an invoice of N16.31bn issued to them by the Nigerian Electricity Market (NEM) for the year.

According to the report for 2020 released by the Nigerian Electricity Regulatory Commission (NERC), the companies for each of the countries are Societe Nigerienne d’electricite (SNE), Societe Beninoise d’Energie Electrique (SBEE) and Compagnie Energie Electrique du Togo (CEET) respectively.

The remittances showed that the Nigerian Market Operator (MO) gave the countries N16.31bn from which they paid N10.45bn for the services received from MO, while N5.86bn was outstanding.

Ajaokuta Steel Company Ltd, termed a special customer in Nigeria, and its host community did not pay anything after consuming N1.08bn worth of electricity in the year. The invoice from Nigerian Bulk Electricity Trading (NBET) to the company was N930m, while that of MO was N150m. NERC recommended in the report that, “MO and NBET must activate the relevant safeguards against continued non-settlement of market obligations by these market participants.”

Also, in 2020 NERC issued five new generation licences and renewed three others which would add 667.70 megawatts (MW) to the grid. The new licences can add 235MW while the renewed licences were for 346MW capacity of electricity generation. It also gave approval to 33 Meter Asset Providers (MAPs) and certified 17 Meter Service Providers (MSPs).

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