By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: Benin, Togo Owe Nigeria Over $11m for Electricity Supply in Q1 2025 – NERC
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | Benin, Togo Owe Nigeria Over $11m for Electricity Supply in Q1 2025 – NERC

Business

Benin, Togo Owe Nigeria Over $11m for Electricity Supply in Q1 2025 – NERC

Olaitan Sodiq
Olaitan Sodiq
Published: July 5, 2025
Last updated: July 5, 2025
3 Min Read
Share
Benin, Togo Owe Nigeria Over $11m for Electricity Supply in Q1 2025 – NERC | Daily Report Nigeria
SHARE
  • CEET and SBEE failed to remit majority of invoices for power supply

  • Only 33.7% of total $17.24m billed to international customers was paid

  • NERC warns persistent defaults threaten Nigeria’s electricity market stability

The Republics of Benin and Togo have defaulted on electricity payments to Nigeria, accumulating debts of over $11 million in the first quarter of 2025, according to the latest report from the Nigerian Electricity Regulatory Commission (NERC).

The two countries, through their national power companies — Société Béninoise d’Énergie Électrique (SBEE) and Compagnie Energie Electrique du Togo (CEET) — paid only a fraction of their invoices for electricity supplied under bilateral contracts.

Togo’s CEET, which received power through agreements with Odukpani and Paras Energy, made no payment at all during the quarter. Similarly, Benin’s SBEE, with contracts via Transcorp and Paras, only settled a portion of its obligations.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

The NERC report showed:

  • PARAS-CEET (Togo) remitted $0.63m of its $1.92m invoice.
  • TRANSCORP-SBEE (Afam 3) paid $0.3m out of $1.73m.
  • TRANSCORP-SBEE (Ughelli) settled $1.82m against a total bill of $4.97m.
  • ODUKPANI-CEET and PARAS-SBEE made no payment.

In total, only $5.8m of the $17.24m billed to six international bilateral customers was paid, representing a 33.70 per cent remittance rate. In contrast, Niger Republic’s NIGELEC, supplied by Mainstream Energy, fully paid its $3.03m invoice.

The repeated defaults by Benin and Togo have heightened concerns over the financial sustainability of Nigeria’s cross-border power trade. NERC has warned that persistent shortfalls could trigger supply cuts to both countries.

Domestic payment challenges persist

READ ALSO: Togo Cleared As Reps Probe Benin Republic Over Fake Degrees July 10

The report also revealed that while domestic performance was comparatively stronger, several Nigerian bilateral customers failed to meet their obligations.

Notable defaulters included:

  • Ajaokuta Steel Company, which failed to pay its N1.38bn (NBET) and N134.05m (MO) invoices.
  • NDPHC/SUNFLAG, TAOPEX/KAM INT, TAOPEX/Kam Steel, and Sapele/Phoenix, all of which made no payment.
  • Alaoju GENCO/APLE paid only N100 million of its N455.36m invoice (a 21.96% remittance rate).

Some customers, however, cleared their dues in full. MSTM/Inner Galaxy settled its N1.64bn invoice, while others made partial payments.

 

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:Benin Togo power supplyNigeria electricity debtTop story
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

Meet BBNaija 10/10’s First 15 Housemates — All Women, Men to Follow Sunday Night | Daily Report Nigeria
Meet BBNaija 10/10’s First 15 Housemates — All Women, Men to Follow Sunday Night
Entertainment
Real Madrid Eye €40m Plus Players Deal for Rodri | Daily Report Nigeria
Real Madrid Eye €40m Plus Players Deal for Rodri
News
President Tinubu Promises Super Falcons Grand Reception After WAFCON Win | Daily Report Nigeria
President Tinubu Promises Super Falcons Grand Reception After WAFCON Win
Sports
2024 WAFCON Individual Awards: Super Falcons Steal the Show | Daily Report Nigeria
2024 WAFCON Individual Awards: Super Falcons Steal the Show
Sports
Nkechi Blessing Says Unknown Admirer Once Pays Her ₦1M Weekly to Quit Acting Temporarily | Daily Report Nigeria
Nkechi Blessing Says Unknown Admirer Once Pays Her ₦1M Weekly to Quit Acting Temporarily
Entertainment

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

Tinubu Appoints Yemi Cardoso CBN Governor
Business

Nigeria’s External Reserves Soar to $36.89 Billion

June 9, 2025
Court Orders Ecobank to Pay N1bn to Ex-Oceanic Bank Workers | Daily Report Nigeria
Business

Court Orders Ecobank to Pay N1bn to Ex-Oceanic Bank Workers

June 11, 2025
Dollar To Naira Black Market Exchange Rate For Today
Business

Naira Slips Again as Nigeria’s Reserves Dwindle Despite Oil Revenue Surge

June 18, 2025
FCCPC to Monitor Price Hike by Marketers Nationwide | Daily Report Nigeria
Business

FCCPC to Monitor Price Hike by Marketers Nationwide

June 12, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?