GenCos Raises Alarm Over Exclusion from FG's N4trn Debt Verification Process
The Association of Power Generation Companies (GenCos) has raised concerns over their exclusion from the Federal Government’s ongoing debt verification and reconciliation process, which seeks to address the N4tn owed to generation companies in...
N5.6trn Debt Threatens Energy Supply as Gas Firms Cut Supply
Nigeria faces the threat of nationwide blackouts as gas companies reduce their supply to power plants due to an outstanding N5.6 trillion debt owed to power generation companies.
The development has raised concerns about the stability...
Nigeria’s power sector faces a deepening financial crisis that could push the Federal Government’s liabilities to about N6.2 trillion by the end of 2025, amid the rapid exit of premium customers from the national grid.
Nigeria’s struggle with electricity is not just about flickering bulbs or darkened homes. It is about the survival of industries, the health of small businesses, and the very foundation of national development.
The Nigerian Electricity Regulatory Commission, has issued an order mandating all electricity generation companies connected to the grid to implement Free Governor Control across their generating units, warning that non-compliance would attract heavy penalties, including disconnection from the grid.
The Minister of Power, Adebayo Adelabu, has warned that Nigeria’s power sector could face imminent collapse if urgent liquidity support is not provided to offset the N4tn debt owed to power generation companies.
