Nigeria’s electricity generation companies warn that mounting debts and gas supply cuts could worsen the country’s power crisis, leading to reduced electricity generation, longer outages and increased pressure on consumers
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As GenCos face cash shortfalls from low market remittances, gas producers have begun turning off fuel supplies, forcing plants like Ibom Power to shut down completely
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Chief Executive Officer of the Association of Power Generation Companies (APGC), Joy Ogaji
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Special Adviser to the President on Energy, Olu Verheijen
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Prolonged fuel shortages threaten to reduce overall generation capacity, increasing load shedding and grid instability across the country