RipplesNigeria
Nigeria’s power-generating companies (GenCos) have issued a stark warning, highlighting that the accumulation of over ₦4 trillion in unpaid debts threatens to plunge the nation’s electricity supply into a critical crisis, prompting an emergency intervention by President Bola Tinubu. The escalating debt, comprising ₦2 trillion for power supplied in 2024 and ₦1.9 trillion in legacy […]
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Power Crisis: Tinubu to meet GenCos over N4trn debt
Timothy Enietan-Matthews
02:23
Nigeria’s power-generating companies (GenCos) have issued a stark warning, highlighting that the accumulation of over ₦4 trillion in unpaid debts threatens to plunge the nation’s electricity supply into a critical crisis, prompting an emergency intervention by President Bola Tinubu. The escalating debt, comprising ₦2 trillion for power supplied in 2024 and ₦1.9 trillion in legacy
