
03/06/2025
In a renewed effort to stabilise Nigeria’s power sector, the Presidency has commenced internal approval processes aimed at resolving the longstanding N2 trillion debt owed to electricity generation companies (GenCos). This move is expected to reach a resolution before the end of the next quarter.
The disclosure was made during the second Nigerian Electricity Supply Industry (NESI) Stakeholders Meeting of 2025, convened by the Nigerian Electricity Regulatory Commission. The Office of the Special Adviser to the President on Energy confirmed that alternative debt instruments are under consideration, given prevailing fiscal constraints.
The Presidency acknowledged the urgency of addressing the legacy debt, which has placed significant financial strain on GenCos and negatively impacted electricity generation and supply across the country. Key fiscal authorities, including the Coordinating Minister of the Economy and the Debt Management Office, are reported to be aligned with the proposed financing strategy.
In a renewed effort to stabilise Nigeria’s power sector, the Presidency has commenced internal approval processes aimed at resolving the longstandin