- Togo, Benin and Niger Republic are in debt to the tune of N4.1 trillion in electricity bills.
- Nigeria currently supplies about 6 per cent of electricity generated in the country to the Republic of Benin, Togo, and Niger through the Nigeria Bulk Electricity Trading, NBET Plc.
The revelation was contained in a letter sent by the House of Representatives on Public Account Committee to the Managing Director of Nigeria Bulk Electricity Trading, NBET Plc, Dr Nnaemeka Eweluka disclosed that Togo, Benin and Niger Republic are in debt to the tune of N4.1 trillion in electricity bill. According to the letter signed by the Chairman of the Committee, Hon. Oluwole Oke, the Managing Director of NBET, is expected to appear alongside Dr Marilyn Amobi, who served as MD/CEO from 2016 to 2020. In the report, the house committee accused the former MD, Amobi, of non-rendition of the Audited Accounts for the years 2014, 2015, 2016, 2017, 2018, and 2019.
Also, Nigeria supplies about 6 per cent of electricity generated in the country to the Republic of Benin, Togo, and Niger through the Nigeria Bulk Electricity Trading, NBET Plc. The managing director of NBET, the federal government, is working on structures to enhance power distribution in the country. Most power-generating companies are in the southern part of the country primarily because of gas with one in the south-east; of course, we have the hydros in Niger state”.
The MD added that Nigeria could generate up to a capacity of about 14,000 megawatts despite the 4,000 to 5,000 megawatts generated daily. However, he said, “To address this gap between what is available and what the system can carry, there are a number of intervention projects that the government is currently pursuing, including the presidential power initiatives in partnership with Siemens”.