N501bn bond not enough to clear N6.6trn power debt—GenCos warn of blackout
[NigerianEye - Nigeria] - 19/02/2026
The Chief Executive Officer of the Association of Power Generation Companies, GENCOs, Dr. Joy Ogaji, has said the Federal Government’s N501 billion power sector bond is insufficient to settle the mounting legacy debt owed to electricity generation companies. Speaking during an interview on Arise Television on Thursday, Ogaji disclosed that the power sector’s legacy debt, which stood at N4 trillion in December 2024, is projected to hit about N6.6 trillion by the end of February 2026. According to her, the debt burden has continued to rise by about N200 billion monthly, worsening liquidity (…)
... Article published by "NigerianEye" (Nigeria), read more
For any information or claim on this article, see directly with the newspaper.
In Nigerian newspapers
Fishing grand finale: Aliyu donates car, Hajj seat, motorcycle to winners
The 61st edition of the Argungu International Fishing and Cultural Festival ended on Saturday evening at the (…)
[Blueprint] - 15/02/2026
Osayi-Samuel says he would have encouraged Arsenal star Eze to pick Nigeria over England
TheNiche Osayi-Samuel says he would have encouraged Arsenal star Eze to pick Nigeria over England Osayi-Samuel also (…)
[TheNiche] - 12/02/2026
Insecurity: Special military forces will be deployed to Kwara, Niger – CDS
The Chief of Defence Staff (CDS), General Olufemi Oluyede, has disclosed that special forces will be deployed to (…)
[Daily Trust] - 10/02/2026
Senate panel questions accountant-general over contractors’ unpaid dues, zero capital releases to MDAs
Shamseldeen Ogunjimi, accountant-general of the federation, faced tough questioning from the senate committee on (…)
[NigerianEye] - 12/02/2026
Nigerian police officers make over ₦700,000 from job seekers in phoney constables recruitment
Two serving police officers attached to the State Criminal Investigation and Intelligence Department (SCIID) at the (…)
[Hallmark] - 13/02/2026
