Nigeria’s international electricity customers have failed to pay a total of $14.19 million in unpaid electricity bills for the first quarter of 2024, according to a report by the Nigerian Electricity Regulatory Commission (NERC).
The report also stated that local bilateral customers owed N1.86 billion in unpaid electricity bills for the same period.
However, it was noted that both local and international bilateral electricity customers made payments for previous quarters owed, with international customers paying $5.19 million and local customers paying N505.71 million.
The report also highlighted the remittance performance of Distribution Companies (DisCos) in the first quarter of 2024, which stood at 96.93%, a significant improvement from the 69.88% recorded in the fourth quarter of 2023.
