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Nigeria’s electricity debt to neighbouring countries exceeds N17.45 billion as payment challenges persistInternational customers remitted only 27.57% of electricity invoices, highlighting significant liquidity issues in Nigeria’s power sectorDomestic bilateral customers achieved a 95% payment rate, contrasting with poor remittance performance of foreign counterparts
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Nigeria’s electricity debt burden has continued to mount, with three neighbouring West African countries owing about N17.45 billion for electricity supplied in the first quarter of 2026.
A new report by the Nigerian Electricity Regulatory Commission (NERC) revealed that customers in the Benin Republic, Togo and the Niger Republic paid only 27.57% of the $17.48 million billed for electricity during the period, leaving an outstanding balance of $12.66 million, equivalent to about N17.45 billion at an exchange rate of N1,378/$.
The latest figures underscore the persistent payment challenges facing Nigeria’s power sector
