power sector

  1. Tinubu Approves ₦3.3trn Payment Plan to Restore Reliable Power Supply

    Nigeria Tinubu Approves ₦3.3trn Payment Plan to Restore Reliable Power Supply

    The Digest: President Bola Tinubu has approved a ₦3.3 trillion payment plan to settle long-standing debts in Nigeria's power sector, spanning February 2015 to March 2025. The government said 15 power generation companies have signed settlement agreements valued at ₦2.3 trillion, with ₦501...
  2. Businesses Bleed as Worsening Blackout Cripples Small Enterprises Across Nigeria

    Nigeria Businesses Bleed as Worsening Blackout Cripples Small Enterprises Across Nigeria

    The Digest: Nigerians across major cities are counting heavy losses as widespread blackout and load shedding persist, with many small businesses shutting down and households abandoning bulk food purchases due to inability to power refrigerators. The electricity supply crisis intensified in...
    • Nigeria News
    • Article
    • 2 min read
    • electricity crisis power sector small businesses
    • Category: Business
  3. Nigeria's Power Sector on Brink of Collapse - GenCos Warn, Owed N6.2 Trillion

    Nigeria Nigeria's Power Sector on Brink of Collapse - GenCos Warn, Owed N6.2 Trillion

    The Digest: The Association of Power Generation Companies (GenCos) has sounded a distress alarm, warning that Nigeria's power sector is on the verge of collapse due to unpaid capacity payments totalling over N6.2 trillion. According to a statement by CEO Dr Joy Ogaji, only 35% of payments for...
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