Nigeria’s Power Sector Faces N6.2 Trillion Debt Crisis as Premium Customers Abandon Grid
[NigerianEye - Nigeria] - 8/09/2025
Nigeria’s power sector is grappling with a worsening financial crisis, with the Federal Government’s liabilities projected to reach approximately N6.2 trillion by the end of 2025, driven by the rapid exit of premium customers from the national grid. The government is currently burdened with a N4 trillion legacy debt to power generation companies (GenCos), while new arrears have surged to N1.6 trillion as of August 2025 and are expected to climb to N2.2 trillion by December, bringing total liabilities to N5.6 trillion to date. According to sources at the Nigerian Electricity Regulatory (…)
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