News
Darkness looms in Nigeria as GenCos threaten shutdown over unpaid N4tn debt
There is looming darkness in Nigeria as power generation companies threaten a showdown.
This is as unpaid debts from the federal government and other market operators surged to over N4 trillion.
Chairman of the Boardof Trustees of the GenCos, Rtd. Colonel Sani Bello, made threats known to journalists in Abuja on Monday.
GenCos lamented that the mounting liabilities were crippling their ability to operate and threatening a total shutdown of electricity generation in Nigeria.
“The power generated by GenCos has continued to be consumed in full without corresponding payment.
“This situation has dire consequences for the GenCos and, by extension, the entire power value chain,” he said.
Of the N4tn owed, N2tn is for electricity generated in 2024, while N1.9tn represents legacy debts.
GenCos noted that the 2025 national budget’s N900 billion allocation for the power sector is grossly inadequate to address those arrears and sustain future payments.
Bello described the situation as “a clear departure from existing terms of the Power Purchase Agreement,” adding that under current conditions, GenCos only receive about 9–11 ppercent of their invoices, while regulatory bodies and other service providers are paid in full.
The GenCos also highlight the sharp decline in collection rates— below 30 percent in 2024— which they say has worsened the liquidity crisis.
“The crises from cash liquidity are on the top burner and have reduced GenCos’ ability to continue to perform their obligations,” he said.
Further compounding the issue are operational costs denominated in U.S. dollars and limited access to forex.
“The importance of a specialised window or stable dollar allocation option for the GenCos cannot be overemphasised,” Bello said.
GenCos added that they were demanding urgent government action, including full settlement of outstanding invoices, reprioritization of the waterfall payment structure, and guarantees backed by institutions like the World Bank and AfDB.
“There is a need for a coordinated approach by all stakeholders to address the liquidity issue realistically and sustainably. This request requires urgent attention,” he added.
The Minister of Power, Adebayo Adelabu, has yet to respond to the matter as of the time of filing this report.
The Kaduna State Police Command has revealed the identity of the man who caused panic after charging towards President Bola Tinubu during his visit to the state.
According to the police, the suspect has been identified as Umar Mohammed, a resident of Anguwan Muazu in Kaduna.
The incident happened during the commissioning of a 300-bed specialist hospital in Millennium City.
As President Tinubu was addressing the audience, Mohammed suddenly broke through the crowd and rushed toward him, triggering a swift response from security operatives.
The moment left Tinubu visibly shocked, as seen in a widely shared video showing his startled reaction and the confusion among his security team.
Police later disclosed that the man has a mental health condition he has lived with since birth.
They described his actions as unplanned and driven by excitement, adding that he was unarmed and posed no real threat after being restrained.
Despite the scare, the event continued as planned.
Governor Uba Sani led the inauguration of the hospital, which is expected to boost healthcare access in Kaduna.
Video credit: TVC (Twitter)
News
Hardship: Govs Agree to Dismantle Illegal Road Blocks, Multiple Taxes
The communique was signed by NGF Chairman and Governor of Kwara State, AbdulRahman AbdulRazaq.
Governors of the 36 states of the federation have agreed to dismantle illegal road blocks and multiple taxes across the country.
They made the resolution after a meeting of the Nigeria Governors’ Forum (NGF) in Abuja, which ended early Thursday.
The governor of Lagos State, Babajide Sanwo-Olu, who read the communique at the end of the meeting, said that the governors resolved to dismantle illegal road blocks and multiple taxes, which they said contributed to food inflation in the country.
The communique was signed by NGF Chairman and Governor of Kwara State, AbdulRahman AbdulRazaq.
(ThisDay)
News
TCN Records 42 Incidents of Transmission Lines Vandalisms Within Seven Months
The major effect of the vandalism is the disruption of power supply across the Nigeria Electricity Supply Industry, as the generated power from the generation station could not be wheeled to the distribution ends.
The Transmission Company of Nigeria (TCN) recorded 42 vandalism incidents on its infrastructures between January to June 2025 and which affected a total of 178 transmission towers nationwide.
The General Manager of Transmission Service at TCN, Mr Ali Sharifa, who made this known yesterday in Keffi, Nasarawa State, lamented that 2024 and 2025 have been the most trying times for TCN concerning vandalism of its transmission line infrastructure by non-state actors.
“A total of 86 towers were vandalized in 2024, with 26 towers completely down, which left affected states in total darkness. While in the first and second quarters of 2025, a total of 42 acts of vandalism were recorded affecting a total of 178 towers,” he said.
He emphasized that the major effect of the vandalism is the disruption of power supply across the Nigeria Electricity Supply Industry, as the generated power from the generation station could not be wheeled to the distribution ends.
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