Niger, Benin Republic paid $159.8m to Nigeria for power supply.

As Nigerians battle with unstable power supply, two countries, Niger and Benin Republics have paid $159.8million for power from Nigeria, according to reports published by The Sun Newspaper.

This came to light on Monday in Jos at the 15th monthly meeting of the Minister of Power, Works and Housing, Babatunde Fashola, with operators of the Power Sector. In the Communique issued at the end of the meeting, the Nigerian Bulk Electricity Trader (NBET), reported that two international customers, Republic of Niger and Benin Republic paid about $159.8million for power from Nigeria.

The Communique states: “NBET reported on international customer payments, stating NIGELEC (Republic of Niger) and CEB (Republic of Benin) had made payments for power of $159,773, 116.61 (with a combined balance still outstanding of $92,315,986.20). The payments have been duly remitted to the Generating Companies and Service Providers who had provided the generation and transmission services”.

Mr Raji Fashola, Nigeria Minister of Works & Power.Photo by:sweetcrudeoirrepoerts.com