The Federal Government’s debt to power generating companies (GenCos) has reached N6 trillion, causing a severe threat to Nigeria’s electricity supply.
Industry officials report that the massive debt is preventing GenCos from carrying out essential plant maintenance and purchasing enough gas for power generation.
This financial strain raises the risk of widespread and prolonged blackouts across the country.
Power generation firms are now urgently demanding payment from the government to prevent a total collapse of the national grid.
