- Nigeria’s West African neighbours are deep in debt from unremitted payments of electricity supplied in five years
- This huge amount of unpaid bills is detrimental to the smooth functioning of the power sector
- Distribution companies have to incur significant losses due to the failure of the consumers to pay their electricity bills.
Three of Nigeria’s West African neighbours – Republic of Benin, Niger and Togo owe the Nigerian Bulk Electricity Trading Company Plc and the power market operator the sum total of N22.55 billion in electricity bills.
This is according to quarterly reports and sales records data provided by Nigerian Electricity Regulatory Commission, as reported by Punch.
