The Nigerian Electricity Regulatory Commission (NERC) has revealed that Benin and Togo still owe over half of what they were billed for electricity supplied by Nigeria in the second quarter of 2025.

In its Q2 2025 report, the commission stated that six international customers who receive power from Nigerian generation companies paid only $9.01 million out of a $17.54 million invoice issued by the Market Operator. This leaves an outstanding balance of about $8.53 million, translating to a 51.3 percent payment rate.

The report listed Benin’s Société Béninoise d’Énergie Électrique (SBEE), Togo’s Compagnie Energie Electrique du Togo (CEET), and Niger’s NIGELEC among the key international buyers. While NIGELEC remitted $2.59 million of its $3.71 million bill (nearly 70 percent), CEET made no payment for its $4.31 million debt. SBEE, which receives power from Transcorp and Paras Energy, also failed to clear all its invoices.

On the domestic side, bilateral customers paid N1.4 billion out of the N2.8 billion they owed, a 50.1 percent remittance rate. Transcorp (Ughelli)–SBEE was the only customer to fully pay its $5.47 million bill, while others like Paras–SBEE, Paras–CEET, and Odukpani–CEET made no payments.

NERC added that one domestic buyer, Trans-Amadi (OAU/FMPI), made partial payments to reduce debts from earlier quarters.

The commission warned that the continued low payment performance from both international and local customers threatens the liquidity of the Nigerian Electricity Supply Industry, putting pressure on generation companies and the Market Operator to sustain grid operations.