Benin, Niger pay $159m to Nigeria for power

Nigeria government says Republics of Benin and Niger have paid about $159 million as electricity charges to the Nigeria Bulk Electricity Trading Plc.

The government added that both countries had a combined balance of $92.3 million (N28.22bn) to pay to the NBET, adding that the payments made were remitted to the power generation companies and service providers in Nigeria.

The Minister of Power, Works and Housing, Babatunde Fashola said the two African countries made the payments through their power companies, NIGELEC of the Republic of Niger and Community Electric du Benin of the Republic of Benin.

The payments have been duly remitted to the generating companies and service providers who had provided the generation and transmission services.”