Nigeria Exports Electricity Worth N181.62bn from January to September 2024

According to data from the National Bureau of Statistics (NBS), Nigeria exported electricity valued at N181.62 billion from January to September 2024. The exports primarily went to neighboring countries, including Togo, Benin, and Niger Republic.

A quarterly breakdown reveals that N58.65 billion worth of electricity was exported in the first quarter, followed by N63.28 billion in the second quarter and N59.69 billion in the third quarter. 

This increase in electricity exports is notable, especially considering that the Nigerian Electricity Regulatory Commission (NERC) imposed restrictions in May to prioritize domestic electricity needs. The directive limited power exports to six percent of total grid electricity at any given time.

NERC's "Interim Order on Transmission System Dispatch Operations, Cross-border Supply and Related Matters," effective May 1, 2024, was signed by Chairman Sanusi Garba and Vice Chairman Musiliu Oseni