Nigeria is currently owed about $17.8 million (approximately ₦25.36 billion) by Togo, Niger and Benin Republic for electricity supplied through bilateral power agreements, according to the Nigerian Electricity Regulatory Commission (NERC).
Data from NERC’s third-quarter (Q3) 2025 report shows that the three neighbouring countries were billed a total of $18.69 million for power supplied during the period but remitted only $7.13 million. This left an outstanding balance of $11.56 million for the quarter. When combined with unpaid amounts from previous quarters estimated at $6.23 million, the total debt rose to $17.8 million.
The electricity was supplied by Nigerian grid-connected generation companies to utility firms in the three countries under international bilateral arrangements. While domestic bilateral customers recorded a strong payment performance of 87.61 per cent, international electricity offtakers paid just 38.09 per cent of their total invoices.
The international utilities involved in the transactions are Compagnie Énergie Électrique du Togo (Togo), Société Béninoise d’Énergie Électrique (Benin), and Société Nigérienne d’Électricité (Niger).
Meanwhile, within Nigeria, electricity distribution companies demonstrated improved remittance performance. NERC disclosed that DisCos paid ₦381.29 billion out of the ₦400.48 billion invoiced in Q3 2025, representing a payment rate of 95.21 per cent. The figures are based on reconciled settlements submitted as of December 18, 2025.
The growing debt from international power offtakers has continued to raise concerns about revenue recovery in Nigeria’s power sector, especially as local operators face liquidity challenges and rising operational costs.
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