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    Home»Nigeria news»Nigeria’s Power Grid on the Brink as GenCos Threaten Shutdown Over ₦4 Trillion Debt
    Nigeria news

    Nigeria’s Power Grid on the Brink as GenCos Threaten Shutdown Over ₦4 Trillion Debt

    adminBy adminApril 14, 2025No Comments3 Mins Read
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    And Andrew Haruna
    April 15, 2025 | Abija, Nigeria

    Part of the Nigeria’s Egeria is experiencing a disaster that is approaching as a generations (Gencos) ₦ 4 Trillion.

    Wrong things were made in a group by Croniel sam also, Chair of Board of The Matrite A group of strong groups (APGC)who indicated that the Federal State has a Gencos ₦ 2 trillion The power provided in 2024 and ₦ 1.9 trillion a donation of delivery.

    According to the shop, Gencos receives Less than 30% of their monthly invoices At the lights sent to the National Grid, I’ll make an endless treasure that threatens Nigeria electricity.

    You can have an interest

    “The problem may be able to sell Nigeria electric electricity to be deported,” the Bloy. “We are doing things that the forces can’t achieve their money due to paid, lack of creation to recover debtAnd the lack of Protected rules hit. “

    Gencos warned that a defective problem can solve SealFalling the army, and distract Power to build The size of the country.

    Forced on large construction and energy level

    APGC realized that though they gave strength to National Grid, There is no more than enough payment has been established, even with a temporary opening from July 2022.

    “In 2024, restorations have fallen under 30%, and the first shows since 2025 does not show update,” the words said. “This threatens only a generation but the immune system, economic growth, and the confidence of Nigeria Mighty power. “

    A vicious instructor is beaten with The Road Moneyseveral Company’s taxesAnd the external unitall that runs out the power of Gencos.

    Sign of Berbal Budget Falls

    Despite the courage of problems, Gencos became a complaint that ₦ 900 billion was written for electricity in 2025 budgets It’s not enough to make it possible for future money.

    You can have an interest

    “The use of electricity should be able to settle down always to solve the salary response, including To make a higher amount of money, Financial resourcesAPGC enabled, “ApGC recommended.

    The form of industrials suggest that lack of water in Nigeria makes The most likely to selldelayed the renewal Grid GratcyScyAnd keep the lights there to reach the reliability of millions of Nigeria.

    Gencos calls faster The intervention of the state By avoiding a complete stop, which makes businesses, to disrupt the trading, and add economic problems.

    “Time to take action now. Never finish the economy, in Nigeria failure,” APGC ended.

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