Ajaokuta Steel risks power cut over N5.46bn debt

Ajaokuta Steel risks power cut over N5.46bn debt

Ajaokuta Steel Company and its host community face electricity disconnection due to N5.46bn unpaid debt, NERC reveals. Learn more about the Ajaokuta Steel Read More: https://punchng.com/ajaokuta-steel-risks-power-cut-over-n5-46bn-debt/

Ajaokuta Steel Faces Power Disconnection Over N5.46bn Unpaid Bills - NERC

The Ajaokuta Steel Company Limited and its host community could lose access to electricity over outstanding obligations of N5.46bn, according to the Nigerian Electricity Regulatory Commission. NERC disclosed this in its 2025 Annual Report, noting that neither the steel company nor the host community made any payment towards electricity invoices and service charges billed by […] The post Ajaokuta Steel faces power disconnection over N5.46bn unpai…