Nigeria faces N9.41bn power debt as Benin, Niger, Togo struggle with payments …C0NTINUE READING HERE >>>
The Nigerian Electricity Regulatory Commission (NERC) has reported that international customers owe $5.79 million for electricity supplied in the second quarter of 2024.
The agency’s latest quarterly report details this debt, equivalent to N9.41 billion at the official exchange rate of N1626.32/$ as of October 10.
Nigeria faces N9.41bn power debt as Benin, Niger, Togo struggle with payments
Source: UGC
Nigeria exports electricity to various countries, including Niger, Togo, and the Republic of Benin and based on strategic agreements with neighbouring countries.
Earlier NERC data…
>
Leave a Reply