Nigeria Faces N9.41bn Power Debt as Benin, Niger, Togo Struggle With Payments

Nigeria Faces N9.41bn Power Debt as Benin, Niger, Togo Struggle With Payments …C0NTINUE READING HERE >>>

Henzodaily.ng journalist Victor Enengedi has over a decade’s experience covering Energy, MSMEs, Technology and the stock market.

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…

>

Leave a Comment