Nigeria is owed $9.55 million by Benin, Togo and Niger after the three countries failed to fully pay for electricity supplied in the fourth quarter of 2025, according to data from the Nigerian Electricity Regulatory Commission.

The commission’s latest market report shows that Nigeria billed a total of $20.44 million for cross-border electricity supply during the period. However, only $10.89 million was paid, representing just over half of the total invoice and leaving a significant unpaid balance.

The electricity was supplied through bilateral agreements involving Nigerian power generation companies and the national utilities of the three neighbouring countries. In Benin, electricity was delivered to Société Béninoise d’Energie Electrique, while Togo’s supply went to Compagnie Energie Electrique du Togo. Niger received its own supply through Société Nigerienne d’Electricite.

Payment performance varied across the different contracts. Some arrangements recorded moderate remittances, with certain deals paying more than half of their invoices. Others performed poorly, including at least one contract that recorded no payment at all during the quarter.

Despite the shortfall from neighbouring countries, domestic customers within Nigeria performed better, paying over 80 percent of their total electricity bills for the same period.

The regulator noted that the figures are based on reconciled settlement data submitted as of April 2026.

The report highlights ongoing challenges in recovering payments for electricity exports, even as Nigeria continues to depend on revenue from its power generation sector.