Nigeria exported ₦58.65 billion (around $39m) worth of electricity to its neighbours in West Africa in the first quarter of 2024. The total value of exported electricity from Nigeria in 2022 was $50.98m and its exports of “energy goods” in Q4 2023 stood at ₦31.04 billion (around $20.5m). Nigeria: Cross-border customers owe more than $50m for electricityReducing electricity exports from NigeriaLast month, the Nigerian Electricity Regulatory Commission (NERC) said international electricity consumers owe it more than $50 million for electricity it provided last year. From 1 May, NERC started to cap electricity exports to Benin, Niger and Togo. See the National Bureau of Statistics (NBS) Foreign Trade in Goods Statistics (Q1 2024) report.

Source: The North Africa Journal June 19, 2024 12:25 UTC