Africa Business Radio

The Nigerian Electricity Regulatory Commission says that three neighbouring countries did not make any payment for the second quarter of 2021. The NERC revealed that Togo, Benin Republic, and Niger and some other special customers were issued a total bill of N770m by the Nigerian Bulk Electricity Trading company and the Market Operator of the Transmission Company of Nigeria. The report however stated that no payment was made, adding that it is hoped the outstanding will still be paid when things begin to look up for those economies, as the pandemic played a great role in the non-remittance experienced. The Commission further stated that it has through the applicable orders set a minimum remittance threshold for each Disco having adjusted for their tariff shortfall.