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According to the Nigerian Electricity Regulatory Commission (NERC), the international customers being supplied by Generation Companies (GenCos) made a payment of US$14.81 million against the cumulative invoice of US$34.78 million issued by the market operators for services rendered in first and second quarter of 2025.
International bilateral customers including Société Béninoise d’Énergie Électrique (SBEE) from the Benin Republic, Compagnie Energie Electrique du Togo (CEET) from Togo and Société Nigerienne d’Electricité (NIGELEC) from the Niger Republic owe Nigeria a total of US$19.97 million debt as payment for electricity supplied to them in first six months of 2025.
According to the Nigerian Electricity Regulatory Commission (NERC), the international customers being supplied by Generation Companies (GenCos) made a payment of USD 14.81 million against the cumulative invoice of USD 34.78 million issued by the market operators for services rendered in first and second quarter of 2025.
A breakdown of the total debt indicate that Paras-SBEE paid nothing of the USD 2.42 million and USD 2.77 million invoice issued to them in the first and second quarter (January-June) of the year; Paras -CEET paid USD 0.63 million in first quarter, out of US$1.92 million and paid nothing of USD 2.02 million invoice in second quarter.
Transcorp-SBEE (Ughelli) paid USD 1.82 million and USD 5.47 million for USD 4.97 million and USD 5.47 million invoice received respectively in the two quarters. Transcorp SBEE (Afam) also paid USD 0.30 million and US$0.95 million for USD 1.73 million and USD 1.28 million invoices received in the period.
Mainstream-NIGELEC in the two quarters paid USD 3.03 million and USD 2.69 million, out of USD 3.04 million and USD 3.71 million invoices received. Also, Odukpani- CEET paid nothing for USD 3.16 million and USD 2.29 million invoices received in the first two quarters of the year.
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Also, many Nigerian electricity consumers defaulted in the payment for electricity supplied to them in the period, from January to June 2025, to the tune of N368.26 billion. The report showed that the eleven Distribution Companies collected a total of N1.11 trillion out N1.48 trillion billed in the period.
