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GenCos demand payment of N4tn debt, warn liquidity crisis threatens power supply

Power Generation Companies (GenCos) have appealed to the Federal Government and other stakeholders in the electricity value chain to urgently settle more than N4 trillion owed for power already generated and supplied to the national grid. The Chairman of the Board of Trustees of the Association of Power Generation Companies (APGC), Col. Sani Bello (rtd), […]

Federal Government Boosts Rural Power Supply with Mini-Grids

In an effort to improve electricity access in rural communities and provide relief from the recent removal of subsidy on petrol, the Federal Government has stepped up the deployment of mini-grids. These mini-grids, as announced by the Rural Electrification Agency (REA) in Abuja, will bring round-the-clock power supply to the communities where they are installed. […]

Public Debt in Nigeria Surpasses N49.95 Trillion, Requires Stronger Revenues

The Debt Management Office (DMO) has revealed that Nigeria’s total public debt has reached a staggering N49.95 trillion (equivalent to $108.30 billion) as of March. This, the DMO said, includes the combined external and domestic debts of the Federal Government, the 36 states, and the Federal Capital Territory (FCT). This significant increase in the country’s […]

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