Republics Of Benin And Niger Just Paid Nigeria 3.6 Billion Naira Electricity Bill
Incase you didn't know, Nigeria supplies electricity to neighbouring countries – Republics of Benin and Niger.
The two countries have been indebted for a while, but after they were threatened with disconnection by the federal government of Nigeria, they have now paid $10 million, about 3.6 billion naira.
It was also learnt that the countries made the payment through their respective power firms, with NIGELEC of the Republic of Niger paying $3.79 million, while the Community Electric du Benin of the Republic of Benin remitted $6.32 million to Nigeria’s electricity market.
On July 11, 2018, President Muhammadu Buhari joined operators in the power sector in calling on international customers receiving electricity from Nigeria to either pay their bills or be disconnected.
Nigeria sells power to the Republics of Togo, Niger and Benin, and classifies the West African countries as international customers.
Officials at the Federal Ministry of Power, Works and Housing said the international customers, paying for the power received from Nigeria in dollars, owed the country, a development that had increased the financial indebtedness to Nigeria’s power generation companies.
To avert being disconnected, it was gathered on Thursday that Benin and Niger made some payments and that the payment by both countries was disclosed to operators in Nigeria’s electricity industry at the August 2018 power sector stakeholders’ meeting by the Market Operator, an arm of the Transmission Company of Nigeria.
This was also confirmed in a report that was presented to stakeholders at the meeting by the market operators.
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