Nigerians may face worsening epileptic power supply as electricity generation companies say gas suppliers have threatened to halt supply over a N3.3 trillion debt.
The Chief Executive Officer of the Association of Power Generation Companies, Joy Ogaji,
attributed the power outage to the debt owed gas suppliers.
According to her, the country, which currently depends on supply from thermal plants powered by gas, is suffering gas shortages.
Speaking on the accumulated debts the Federal Government owes the Gencos, Ogaji said it had grown to N6.8 trillion as of the end of February 2026.
Ogaji revealed that from 2015 to December 2024, the debt profile grew to N4 trillion, with a shortfall of N200 billion in each month of 2025, making the whole debt grow to N6.6 trillion in January and N6.8 trillion in February.
Meanwhile, the Minister of Power, Adebayo Adelabu, who is occupied with his governorship ambition in Oyo State, said the issue is being addressed.
Since December last year Nigerians have been battling with epileptic power supply.
The hardship caused by the blackout has been worsened by the surge in the price of fuel and diesel to over N1,100 and N1,600 per liter, respectively, after Dangote Refinery raised its gantry price following the war between the United States, Israel and Iran, which pushed crude oil prices upwards.
