According to the latest report from the (NERC) Nigerian Electricity Regulatory Commission,
Benin and Togo have failed to pay over $11 million owed to Nigeria for electricity supplied in
Q1 2025.
Bilateral customers from both countries SBEE (Société Béninoise d’Énergie Électrique) and
CEET (Compagnie Energie Électrique du Togo) only made partial payments.
CEET, which receives power from Odukpani and Paras Energy, made no payment at all,
while SBEE, with contracts through Transcorp and Paras, paid only a portion of its debt.
The report lists several defaulters, including PARAS-CEET (Togo), which paid only $0.63
million out of a $1.92 million bill; TRANSCORP-SBEE (Afam 3), which remitted $0.3 million
from a $1.73 million invoice; and TRANSCORP-SBEE (Ughelli), which paid $1.82 million out
of $4.97 million. Meanwhile, ODUKPANI-CEET and PARAS-SBEE made no payments at all.
The report reveals that out of the $17.24 million invoiced to six international bilateral
electricity customers, only $5.8 million was paid reflecting a remittance rate of just 33.70%.
Niger Republic’s NIGELEC, which receives power through Mainstream Energy, was the only
customer to fully settle its $3.03 million invoice.
In contrast, Benin’s SBEE and Togo’s CEET collectively owe over $11 million, with little to no
payments made.
These defaults reflect a broader pattern of poor remittance compliance among Nigeria’s
international electricity buyers, raising concerns about the sustainability of cross-border
power trade.
NERC has repeatedly warned of cutting electricity supply to Benin and Togo, stating that
their continued non-payment threatens the stability of Nigeria’s power sector.
Domestically, while overall performance was better, challenges remain. Some bilateral
customers defaulted, made partial payments, or only cleared old debts.
MSTM/Inner Galaxy fully paid its N1.64 billion invoice, but several others failed to make any
payments despite owing large sums. These include NDPHC/SUNFLAG, TAOPEX/KAM INT,
TAOPEX/Kam Steel, and Sapele/Phoenix.
Partial defaulters included NDPHC/WEEWOOD, which paid N71.74 million out of N104.03
million; NORTH SOUTH/STAR PIPE, with N21.51 million paid from N32.39 million; and
Trans Amadi (OAU) and Trans Amadi (FMPI), which jointly remitted N23.57 million of
N35.98 million. Alaoju GENCO/APLE paid just N100 million out of N455.36 million
representing a remittance rate of 21.96%.
