Nigeria’s power sector is feeling the squeeze as unpaid electricity debts from neighboring West African nations mount, deepening financial pressures on the cash-strapped industry.
Data from the Nigerian Electricity Regulatory Commission (NERC) revealed Niger, Benin, and Togo owe Nigeria a combined $35 million (N55 billion) for power supplied in 2024.
A breakdown of the debts showed that Togo topped with $15.61 million, Benin followed with $15.48 million and Niger with $3.42 million in 2024.
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