- No payments were received for electricity supply in Q2 2021
- ₦770 million invoices issued
The Nigeria Electricity Regulatory Commission (NERC) disclosed in its Second Quarter Report 2021 that the Republic of Benin, Niger Republic and Togo made zero payments for the electricity supplied to them from Nigeria in the second quarter 2021.
According to the report, the Nigeria Bulk Electricity Trader (NBET) and the Market Operator (MO) issued a total invoice of ₦770 million to the state-owned power firms Societe Nigerienne d’electricite (NIGELEC) in the Niger Republic; Societe Beninoise d’Energie Electrique (SBEE) in the Benin Republic; and Compagnie Energie Electrique du Togo (CEET) in the Republic of Togo. However, these countries made no payments in return.
“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).” the report stated.
“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.” the report noted.