Nigeria’s electricity crisis may worsen in the coming weeks as gas suppliers have reportedly halted supply to several thermal power plants over an estimated ₦3.3 trillion debt owed by power generation companies.
The Chief Executive Officer of the Association of Power Generation Companies, Dr Joy Ogaji, disclosed that the mounting debt has forced gas suppliers to suspend supply, a development that could significantly disrupt electricity generation across the country.
According to Ogaji, most of Nigeria’s power plants rely heavily on gas-fired generation, meaning any interruption in supply could lead to a reduction in power output and worsen the existing electricity shortage.
Industry stakeholders say the debt crisis within the power sector has been a longstanding challenge affecting the stability of electricity production, with generation companies often struggling to meet financial obligations due to liquidity problems in the power value chain.
Energy experts warn that if the issue is not urgently addressed, the halt in gas supply could result in widespread power disruptions, affecting households, businesses, and critical infrastructure nationwide.
Authorities and stakeholders in the power sector are expected to engage in discussions aimed at resolving the debt dispute and restoring gas supply to ensure stable electricity generation.
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