Tag: Nigerian electricity crisis

Gas firms sustain power supply with 180bscf despite N2.7tn debt

Business Damilola Bayonle -
Despite grappling with a staggering N2.7 trillion legacy debt, gas companies in Nigeria have continued to keep the country’s...

Power Sector Nearing Collapse Over Unpaid Debts – Minister

Business Damilola Bayonle -
Nigeria’s Minister of Power, Adebayo Adelabu, has issued a stark warning that the country’s electricity sector faces imminent collapse...

FG Targets N2tn Power Sector Debt Clearance Amid Energy Crisis

Business Damilola Bayonle -
In a bold move to avert an imminent collapse of Nigeria’s already fragile electricity sector, the Presidency has pledged...

3,000MW Govt Power Plants Idle, Blackouts Worsen

Business Damilola Bayonle -
Despite Nigeria’s ongoing efforts to tackle power shortages, a critical segment of the country’s electricity generation capacity under government...