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    Home»News»Niger owes Nigeria N4.22bn in electricity supply – NERC
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    Niger owes Nigeria N4.22bn in electricity supply – NERC

    RichieBy RichieAugust 11, 2023No Comments
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    WhatsApp Image 2023 08 11 at 10.47.55 AM
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    According to the most recent quarterly report from the Nigerian Electricity Regulatory Commission, Niger Republic currently has an outstanding debt of N4.22 billion ($5.48 million) owed to Nigeria for electricity supply.

    In the year 2022, approximately 70% of Niger’s electricity supply was procured from the Nigerian enterprise Mainstream, as indicated in a report from NIGELEC, the exclusive electricity provider in Niger.

    The electricity generated at the Kainji Dam in Niger State is the source of the electricity transmitted to Niger Republic.

    Niger is actively engaged in completing its inaugural dam project by 2025, aiming to reduce its reliance on Nigeria for energy.

    As detailed in the report, “None of the following international clients made any payments toward the cumulative $16.11 million invoice issued to them in 2023/Q1: Paras-SBEE ($3.46 million), Transcorp-SBEE ($3.85 million), Mainstream-NIGELEC ($5.48 million), and Odukpani-CEET ($3.32 million).”

    Read More:-  LG election: Yobe electoral commission postpones party primaries

    It is important to recall that on July 26, the military junta seized power from the democratically elected government in Niger.

    Following the lack of success in diplomatic efforts, the Niger junta severed diplomatic relations with Nigeria, leading to Nigeria’s decision to halt electricity supplies to Niger.

    The regional tension escalated, prompting ECOWAS to mandate the deployment of a standby military force due to the Niger junta’s refusal to reinstate democracy.

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