Nigeria is facing a widening shortfall in electricity export revenue as neighbouring countries, Togo, Benin, and Niger, failed to remit over $40 million in power supply bills between 2022 and 2024, according to data from the Nigerian Electricity Regulatory Commission (NERC).
This has put more pressure on the nation’s cash-strapped power sector, which is failure to provide adequate electricity for over 200 million citizens.
NERC’s 2024 annual report revealed that the Nigerian Market Operator (MO) issued a $56.07 million invoice to three in
