International power buyers achieve 84.90% remittance rate
Emmanuel Addeh in Abuja
Nigeria’s power sector generated significant cross-border and domestic revenues in 2025, receiving a total of approximately N87.85 billion ($62.75 million) at an exchange rate of N1,400/dollar in electricity tariff payments from its international bilateral customers in Niger, Togo, and the Republic of Benin.
Official figures extracted from the just released 2025 Annual Report of the Nigerian Electricity Regulatory Commission (NERC) revealed that the Market Operator (MO) issued an aggregate invoice of $73.91 million to three neighbouring international power utilities.
The utilities include: Société Beninoise d’Energie Electrique of Benin, Compagnie Energie Electrique du Togo, and Société Nigerienne d’electricité of Niger.
