NewsNigeriaPoliticsGenCos Lament As Debt Burden Hits ₦4trillion In Electricity Sector
Joy Ogaji, managing director of the Association of Power Generation Companies (APGC) has expressed concern over the financial sustainability of Nigeria’s electricity generation sector. In a press statement on Monday, Ogaji lamented over mounting debts, inadequate subsidy provisions, tariff shortfalls, and looming risks to the long-term viability of GenCos (generation companies). According to her, the sector is saddled with arrears approaching ₦4trillion—₦2trillion from 2024, ₦1.9trillion in legacy debts, and ₦1.2trillion accruing in the first half...










