Nigerians face a worsening power crisis as gas producers halt supply to generation companies (GenCos) due to a staggering N2.7 trillion debt.
This is as stakeholders in the nation’s power sector have flayed the continuous increase in the debt profile of generation companies to gas suppliers even after the increase in electricity tariff to Band A customers
The debt bludgeoned from N2 trillion as at March 2024, to N2.7 trillion as confirmed by the chief executive officer of the…
>
