Nigeria: Nerc Flays Weak Foreign Remittances, Seeks FG’s Intervention Over Ajaokuta Steel Debt

The Nigerian Electricity Regulatory Commission (NERC) has raised concern over weak remittance performance by international bilateral customers in Nigeria’s power market, while also calling for federal government intervention over the longstanding non-payment by Ajaokuta Steel Company Limited and its host community.

In its latest quarterly reports, NERC classified Ajaokuta Steel and the host community as a special customer and disclosed that they failed to make any payment towards invoices issued…