Senate Flags N800bn Unpaid Debt to Power Generators, Warns of Escalating Power Sector Crisis - TV360 Nigeria

Senate Flags N800bn Unpaid Debt to Power Generators, Warns of Escalating Power Sector Crisis - TV360 Nigeria

The Senate Committee on Power has raised the alarm over a deepening liquidity crisis in Nigeria’s power sector, revealing that the Federal Government owes electricity generation companies (GenCos) approximately ₦800 billion so far in 2025. Chairman of the committee, Senator Enyinnaya Abaribe, made the disclosure on Saturday while addressing journalists during a power sector retreat organized by the Nigerian Electricity Regulatory Commission (NER…

Nigeria’s Power Sector Faces N800bn Shortfall In 2025 As Tariff Gaps Persist

Nigeria’s electricity industry is facing renewed financial pressure as the Federal Government’s failure to settle tariff shortfalls in 2025 has pushed outstanding obligations to electricity generating companies (Gencos) to an estimated N800 billion, according to the Senate Committee on Power. Speaking during a regulatory retreat organised by the Nigerian Electricity Regulatory Commission (NERC) in Ikot-Ekpene, […] The post Nigeria’s Power Sector…