Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • Reps Threaten To Arrest JAMB Boss Oloyede For Shunning Summon, Order Detention Of Officials Over Walkout
    • National Assembly Approves Tinubu’s $2.35bn External Loan Request
    • Senate Confirms Nomination Of All Service Chiefs
    • Court Orders Permanent Forfeiture Of $49,700 Recovered From Ex-INEC REC
    • UPDATED: Tinubu Reverses Maryam Sanda’s Pardon, Convict To Spend Just Six More Years In Prison
    • Kano Assembly Rejects Customs Recruitment, Says Lagos Got More Slots Than Northern States Combined
    • ‘We Can’t Overcome Terrorism With Weak Information Systems’, CDS Tells Senate
    • Gombe Among Only Seven States In Nigeria With Over 80% Health Budget Implementation – Report
    Facebook X (Twitter) Instagram
    NEWS POINT NIGERIANEWS POINT NIGERIA
    UBA 720X90
    • HOME
    • NEWS

      Reps Threaten To Arrest JAMB Boss Oloyede For Shunning Summon, Order Detention Of Officials Over Walkout

      October 29, 2025

      National Assembly Approves Tinubu’s $2.35bn External Loan Request

      October 29, 2025

      Senate Confirms Nomination Of All Service Chiefs

      October 29, 2025

      Court Orders Permanent Forfeiture Of $49,700 Recovered From Ex-INEC REC

      October 29, 2025

      UPDATED: Tinubu Reverses Maryam Sanda’s Pardon, Convict To Spend Just Six More Years In Prison

      October 29, 2025
    • COLUMN

      Dr Madu, The Shamaki Of Fika, Who Became A Doctor Through Providence – By Dr Hassan Gimba

      October 26, 2025

      Fashola’s Reality Check For APC Leadership – By Kazeem Akintunde

      October 26, 2025

      ‘Why Nigeria Needs More Universities, After All’ (2) – By Martins Oloja

      October 26, 2025

      Africa’s Power Addiction – By Jonathan Nda-Isaiah

      October 25, 2025

      Aparutu And His Life Coach – By Azu Ishiekwene

      October 24, 2025
    • EDUCATION

      FG Names Prof. Adamu Acting Vice-Chancellor To Steer UniAbuja For Three Months

      August 9, 2025

      13 Countries Offering Free Or Low-Cost PhD Programmes For Non-Citizens

      January 25, 2025

      NECO: Abia, Imo Top Performing States In Two Years, Katsina, Zamfara Come Last

      October 3, 2024

      NBTE Accredits 17 Programmes At Federal Polytechnic Kabo

      August 20, 2024

      15 Most Expensive Universities In Nigeria

      May 19, 2024
    • INTERNATIONAL

      Israel Kills 20 In Gaza attacks, Hamas Delays Handover Of Captive’s Remains

      October 29, 2025

      North Korea Test-Fires Cruise Missiles As Trump Visits South Korea

      October 29, 2025

      Despite Ceasefires, Israel Continues Attacks Around The Region

      October 28, 2025

      Tension As Lithuania Shoot Down Smuggler Balloons, Shut Belarus Border

      October 28, 2025

      ‘They Killed His Childhood’, West Bank Family Mourn Child Killed By Israel

      October 26, 2025
    • JUDICIARY

      FULL LIST: Judicial Council Recommends Appointment Of 11 Supreme Court Justices

      December 6, 2023

      Supreme Court: Judicial Council Screens 22 Nominees, Candidates Face DSS, Others

      November 29, 2023

      FULL LIST: Judicial Commission Nominates 22 Justices For Elevation To Supreme Court

      November 16, 2023

      Seven Key Issues Resolved By Seven Supreme Court Judges

      October 26, 2023

      FULL LIST: CJN To Swear In Falana’s Wife, 57 Others As SANs November 27

      October 12, 2023
    • POLITICS

      What Peter Obi May Lose If He Joins Coalition As VP Candidate

      May 25, 2025

      Atiku Moves To Unseat Wike’s Damagum As PDP Chairman, Backs Suswam As Replacement

      April 15, 2024

      Edo’s Senator Matthew Uroghide, Others Defect To APC

      April 13, 2024

      Finally, Wike Opens Up On Rift With Peter Odili

      April 2, 2024

      El-Rufa’i’s Debt Burden: APC Suspends Women Leader For Criticising Kaduna Gov

      March 31, 2024
    • SPORTS

      Reps Set To Probe Nigerian Football Federation Over FIFA Grants

      October 29, 2025

      Super Falcons Seal 2026 WAFCON Qualification With 3–1 Aggregate Win Over Benin

      October 29, 2025

      Peter Obi Slams NFF Over Abandoned FIFA-Funded Stadium As Fresh Allegations Of Misused Funds Surface

      October 28, 2025

      Timber Warns Premier League Leaders Arsenal Against Complacency

      October 28, 2025

      ‘Nigeria Will Go To World Cup’, Coach Chelle Vows

      October 26, 2025
    • MORE
      • AFRICA
      • ANALYSIS
      • BUSINESS
      • ENTERTAINMENT
      • FEATURED
      • LENS SPEAK
      • INFO – TECH
      • INTERVIEW
      • NIGERIA DECIDES
      • OPINION
      • Personality Profile
      • Picture of the month
      • Science
      • Special Project
      • Videos
      • Weekend Sports
    NEWS POINT NIGERIANEWS POINT NIGERIA
    UBA 720X90
    Home - Electrcity Crisis Looms As GenCos Threaten Shutdown, Say Patriotism Can’t Keep Lights On

    Electrcity Crisis Looms As GenCos Threaten Shutdown, Say Patriotism Can’t Keep Lights On

    By Sadiq AbdullateefJuly 22, 2025
    Abuja Blackout

    NIGERIA’s power generation companies (GenCos) have raised the alarm over a worsening liquidity crisis, warning that the national power grid is at risk of collapse due to over ₦5.2 trillion in unpaid debts.

    His Royal Highness

    In a statement released on Monday made available to News Point Nigeria, the Chief Executive Officer of the Association of Power Generation Companies (APGC), Dr Joy Ogaji, said GenCos can no longer rely on “patriotism” to keep power plants running.

    “We have shown patriotism for years, but that alone cannot keep the turbines running. The lights will soon go out if urgent action is not taken,” Ogaji warned.

    UBA

    Ogaji revealed that the power generation sector is currently owed:

    ₦1.9 trillion in legacy debts dating back to 2015,

    Independence Day

    ₦2 trillion in unpaid 2024 invoices, and

    ₦1.2 trillion for electricity supplied in the first half of 2025 bringing the total outstanding debt to over ₦5.2 trillion.

    Happy Birthday

    She said there is no viable repayment plan in place, and the 2025 federal budget of ₦900 billion for power does not cover even a third of what is owed and worse, is not yet cash-backed as of July 21.

    “This isn’t a subsidy regime. This is debt accumulation,” she said. “Electricity is being consumed in full, but payments are not being made accordingly.”

    Nigerian TAX Reform - Federal Goverment

    Ogaji added that the GenCos have had to seek alternative funding outside the electricity market to pay for gas and other critical operations, describing the situation as unsustainable.

    “Expanding capacity in this market only means more financial exposure, maintenance risk, and unreturned investment. We are close to a tipping point,” she said.

    The APGC also criticized the planned tariff reduction by the Nigerian Electricity Regulatory Commission (NERC) from ₦209 to ₦160/kWh for Band A customers starting August 1, warning that it rests on flawed subsidy assumptions and would further weaken the sector’s financial viability.

    National Orientation Agency Page UP
    National Orientation Agency - Down

    Reacting to the concerns, Minister of Power, Adebayo Adelabu, through his media aide Bolaji Tunji, acknowledged the grave financial strain and said the government was working to defray part of the debt.

    “The Minister has raised the issue with the relevant authorities. There’s a process in motion to settle some of the outstanding debt,” Tunji said in an interview Monday.

    However, he gave no clear timeline for payment.

    Rano Capital

    This isn’t the first time GenCos have sounded the alarm.

    In May, the Federal Government reportedly met with the operators and promised immediate payments, including a direct meeting with President Bola Tinubu.

    Tunji had said at the time that a “substantial portion” would be paid immediately and the balance via financial instruments like promissory notes within six months.

    More than two months later, Ogaji said none of those promises have materialized.

    Industry experts warn that if GenCos carry through with threats to reduce output or shut down operations, Nigeria may face nationwide blackouts.

    “This is more than a financial issue. It’s a national emergency. Without urgent intervention, the system could collapse,” one sector analyst said.

    Gencos Minister Power
    Share. Facebook Twitter WhatsApp LinkedIn Telegram Email

    Related Posts

    Reps Threaten To Arrest JAMB Boss Oloyede For Shunning Summon, Order Detention Of Officials Over Walkout

    October 29, 2025

    National Assembly Approves Tinubu’s $2.35bn External Loan Request

    October 29, 2025

    Senate Confirms Nomination Of All Service Chiefs

    October 29, 2025

    Court Orders Permanent Forfeiture Of $49,700 Recovered From Ex-INEC REC

    October 29, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Latest Posts

    Reps Threaten To Arrest JAMB Boss Oloyede For Shunning Summon, Order Detention Of Officials Over Walkout

    October 29, 2025

    National Assembly Approves Tinubu’s $2.35bn External Loan Request

    October 29, 2025

    Senate Confirms Nomination Of All Service Chiefs

    October 29, 2025

    Court Orders Permanent Forfeiture Of $49,700 Recovered From Ex-INEC REC

    October 29, 2025

    UPDATED: Tinubu Reverses Maryam Sanda’s Pardon, Convict To Spend Just Six More Years In Prison

    October 29, 2025
    Advertisement
    WIDGET ADS
    News Point NG
    © 2025 NEWS POINT NIGERIA Developed by ENGRMKS & CO.
    • Home
    • About us
    • Disclaimer
    • Our Advert Rates
    • Privacy Policy
    • Terms of Use

    Type above and press Enter to search. Press Esc to cancel.

    Join Us On WhatsApp