Togo, Niger, and Benin have accumulated debts exceeding N25 billion (about $17.8 million) for electricity purchased from Nigeria, the Nigerian Electricity Regulatory Commission (NERC) has revealed.

According to NERC’s Third Quarter 2025 report, these three neighboring countries were invoiced a total of $18.69 million for power supplied during the period, but only $7.125 million was paid. Combined with outstanding invoices from previous quarters, the total unpaid amount reached $17.8 million.

The commission identified the electricity buyers as Compagnie Énergie Électrique du Togo, Société Béninoise d’Énergie Électrique in Benin, and Société Nigérienne d’Électricité in Niger. The electricity supplied came from Nigeria’s grid-connected generation companies through cross-border bilateral agreements.

NERC noted that the payment rate from these international customers was just 38%, leaving the majority of invoices unsettled. In contrast, domestic electricity customers performed much better, remitting 87.6% of their invoices during the same period.

The regulator also highlighted that Nigeria’s 11 electricity distribution companies collectively paid N381.29 billion out of N400.48 billion invoiced to them in Q3 2025, achieving a high remittance performance of 95.2%.

NERC’s report is based on reconciled market settlements submitted as of December 18, 2025, forming part of its regular assessment of the commercial performance of the country’s electricity market.