International customers – Niger, Benin, Togo – who purchase power from Nigeria remitted a total of N2.04bn in the first quarter of this year as their outstanding electricity bill to the Market Operator of the sector in Nigeria.

But special customers, Ajaokuta Steel Co. Ltd and its environs, did not make any payment in respect of the N0.27bn and N0.05bn invoices issued them by the Nigerian Bulk Electricity Trading Plc and the MO respectively, during the period of review.

The Nigerian Electricity Regulatory Commission disclosed this in its report for the first quarter of 2020.

It said a total of N4.05bn ($13.22m) invoices were issued by the MO to international customers including Societe Nigerienne d’electricite or NIGELEC; Societe Beninoise d’Energie Electrique or SBEE; and Compagnie Energie Electrique du Togo or CEET.

The commission stated that during the quarter, NIGELEC made a payment of ₦1.61bn ($5.27m) as part of its outstanding bills for the energy received from NBET and services rendered by the MO.

“Similarly, SBEE paid ₦0.43bn ($1.39m) in respect of services received from MO,” the commission added.

It stated that it was noteworthy that tariff shortfall (represented by the difference between actual end-user tariffs payable by consumers and the cost-reflective rates approved by NERC) had partly contributed to liquidity challenges being experienced in the industry.

It, however, stated that the settlement ratio to the expected Minimum Remittance Thresholds, having adjusted for tariff shortfall, indicated that power distribution companies needed to improve on their performance.

The PUNCH reported on Tuesday that power distributors failed to remit N119.88bn to the sector in the first quarter of the year.

“Whereas Discos were expected to make a market remittance of 46.09 per cent during 2020/Q1, only 32.53 per cent settlement rate was achieved within the timeframe provided for market settlement in the Market Rules,” the commission stated.

It said the Discos’ remittance level, regardless of the prevailing tariff shortfall, was still below the expected MRT and called on the power firms to improve on their performances.

Source: https://punchng.com/niger-benin-togo-pay-nigeria-n2-04bn-electricity-bill/

Arrrrrrrh

Imàgine that huge amount? all this huge amount they will be unfolding to me is like pouring water into a basket. Those money are invisible !!

Also, they will be extending thier hand of help to other countries while vast majority of Nigeria rurual areas don't have light.

What a government?

To pay?

Let them pay first

Irony of this, those people countries are enjoying the electricity more than Nigeria

Yet, no accountability... SMH

Biko DM me , Enlargement gel is available

Country wet dey give others electricity no even get up to 6 hours electricity per day. This country dey upside down

We don't even have the power to supply to this country...And the little that they give us, they tax us madly......


Imagine using a prepaid meter and you sub for N1000 for a paltry unit, that can't allow you to press your clothes with it more than 3times in a week.....

If this money is utilise correctly on Nigeria power sector there will be great positive change.

How a country that don't have steady power supply sell electricity to neighboring country is still a mystery.

Surely positive change is coming.

yanabasee:
We don't even have the power to supply to this country...And the little that they give us, they tax us madly......


Imagine using a prepaid meter and you sub for N1000 for a paltry unit, that can't allow you to press your clothes with it more than 3times in a week.....

Those countries de get light ooo

irony of life
we no get but we can give others electricity for the money, even the money sef I didn't see the use cus they are not using it to restore power for the country. this country is bleeped up

..


Children dey hungry yet papa carry food go give neighbors.... That's the case with Nigeria



Messed up country

how we go take get steady power supply when even the 4000megawatts self we don’t sell 2500 to foreign countries,i’m not even sure that the payments from those three countries combined reach what they generate in nigeria alone from crazy bills and unmetered billings.

International customers – Niger, Benin, Togo – who purchase power from Nigeria remitted a total of N2.04bn in the first quarter of this year as their outstanding electricity bill to the Market Operator of the sector in Nigeria.

A country that can not give power to its citizens.
Na only money � dey sabi

Make I run go collect my own share..

Robbing Peter to pay paul Government

So this 2billion will pay for one of the scanners they want to buy as indicated in the thread below, ok.
So, Nigeria needs about 299 debtors left so we can fund those port scanners.


Debtors pay up....

Where is the money? Nigeria indeed need better restructuring to function optimally.

We can not keep multiplying 5 by 5 and expecting something different from 25.

Average Nigerian neighborhood have access to 5hrs a day

Togo 24hrs
Ghana 24hrs
Benin 17hr+

Something is definitely wrong

This means that our moneies used to pay for electricity supply, is invalid and worthless, so they can give the light to the highest bidder, naija is a fuvk up nation

Damnnn niggarrrr
We are the real niggarrrrs of Africa

Noisy neighbors keep on paying their fuckkking debt

Bunch of fuckkking debtors

I have a friend who went to study in Benin. She said all the places she's been to in Benin are better than most places here in Nigeria in terms of electricity. It's so sad that we supply them but our power is epileptic.

slawormiir:
Damnnn niggarrrr
We are the real niggarrrrs of Africa

Noisy neighbors keep on paying their fuckkking debt

Bunch of fuckkking debtors

Now I know it's the fake slawormir. You're not good at impersonating.

Imagine that

helinues:
To pay?

Let them pay first

Irony of this, those people countries are enjoying the electricity more than Nigeria

paid
Their consumption rate is way below Nigeria, 500MW will be enough for their entire population

saucespecies:
If this money is utilise correctly on Nigeria power sector there will be great positive change.

How a country that don't have steady power supply sell electricity to neighboring country is still a mystery.

Surely positive change is coming.

We needfar more than 3 billion naira to fund our power sector.

Some stakeholders estimated n 2016 that the cost of fixing power is $900 billion over 30 years, at a rate of 30 billion a year.

Sparogatively, we give what we don't have in the name of doing business, yet we know sabi collect Money from customers finish.

The little one wey we see collect sef, e for better say make we no collect am than to loose am to these corrupt people wey dey government.

My Togo and Benin friends dey always dey tell me say
"we dey enjoy light 24/7 for our country"
...and I no go fit talk again.

Shame on who no get shame!
Shame on our failed leaders!

Nigerians

Omo..this better be propaganda.
Our power supply in the country is this bad and we can afford to give other countries from our meagre supply??

slawormiir:
Damnnn niggarrrr
We are the real niggarrrrs of Africa

Real Niggar what happened to your old account my G.

AprokoGirl:


Source: https://punchng.com/niger-benin-togo-pay-nigeria-n2-04bn-electricity-bill/

Nigeria supplies other African countries electricity whereas Nigeria has no electricity to give us at least 6hours a day electricity too bad