The Nigerian Electricity Regulatory Commission (NERC) has disclosed that Togo, Niger, and the Republic of Benin owe Nigeria $11.57 million for electricity supplied by generation companies (GenCos) under bilateral agreements in the third quarter (Q3) of 2025
According to NERC’s Q3 2025 report, the market operator (MO) issued invoices totaling $18.69 million to the international customers, but only $7.12 million was received, representing a remittance rate of 38.09 percent.
The international offtakers include Compagnie Énergie Électrique du Togo, Société Béninoise d’Énergie Électrique of Benin, and Société Nigérienne d’Électricité of Niger.
“The three international bilateral customers being supplied by GenCos in the NESI made a payment of $7.12 million against the cumulative invoice of $18.69 million issued by the MO for services rendered in 2025/Q3, translating to a remittance performance of 38.09%,” the report stated.
Domestically, bilateral customers remitted N3.19 billion against an invoice of N3.64 billion, translating to an 87.61 percent payment performance for Q3 2025. Some customers also made payments toward outstanding invoices from previous quarters, with the MO receiving $7.84 million from international customers and ₦1,299.66 million from domestic customers.
“The three (3) international bilateral customers being supplied by GenCos in the NESI made a payment of $7.12 million against the cumulative invoice of $18.69 million issued by the MO for services rendered in 2025/Q3, translating to a remittance performance of 38.09%,” the report reads.
The report further highlighted that Ajaokuta Steel Co. Ltd and its host community, classified as special customers, failed to pay their invoices of N1.03 billion issued by Nigerian Bulk Electricity Trading (NBET) Plc and N100 million by the MO during the quarter.
NERC noted that this non-payment issue is longstanding and stated that it has sought intervention from the relevant federal government authorities to resolve the matter.
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 has disclosed that Togo, Niger, and the Republic of Benin owe Nigeria $11.57 million for electricity supplied by generation companies (GenCos) under bilateral agreements in the third quarter (Q3) of 2025.){kind=link}