Nigeria’s earnings from electricity exports to neighbouring West African countries fell by 17 percent in the first quarter of 2026, despite sustained regional demand for power, highlighting persistent payment challenges and supply constraints facing the country’s electricity sector.
Data from the Nigerian Electricity Regulatory Commission (NERC) showed that electricity export revenue declined to $4.82 million in the first quarter of 2026 from $5.8 million remitted in the same quarter of 2025, representing a drop of $0.98 million.
The three international bilateral customers supplied by electricity generating companies (GenCos) in the Nigerian Electricity Supply Industry (NESI) made the payment against the cumulative invoice of $17.48 million issued by the market operator (MO) for services rendered in the first quarter of 2026, translating to a remittance performance of 27.57 percent.
Nigeria exports electricity to Société Béninoise d’Énergie Électrique (SBEE), Compagnie Énergie Électrique du Togo (CEET), and Société Nigérienne d’Électricité (NIGELEC).
“These remittances are based on reconciled market settlement submitted to the commission as of June 24, 2026,” the Commission stated.
