We learnt that the debts were owed by the CEB of Benin Republic, and NIGELEC of Niger Republic, $101.46 million and $14.45 million, respectively.

Power supply to these two countries is being executed through the Federal Government wholly owned agencies, the Nigeria Bulk Electricity Trading Plc (NBET), and the Transmission Company of Nigeria (TCN).

The implication of the protracted debts include inadequate power supply to Nigerians arising from deprivation of funds for purchase of power from the Generation Companies (GenCos) by NBET, and paucity of funds for expansion of transmission facilities by TCN.