BLACKOUT LOOMS NATIONWIDE: GenCos Threaten Shutdown Over FG’s N4 Trillion Debt

A major power crisis may soon hit Nigeria as electricity generation companies (GenCos) have threatened to shut down operations over a staggering N4 trillion debt owed by the Federal Government. The companies say the continuous accumulation of unpaid bills has pushed them to the brink, making it increasingly difficult to keep the lights on across the country.

This looming shutdown could plunge the nation into a severe blackout, further compounding the struggles of businesses and households already battling unreliable electricity supply. The GenCos are demanding urgent intervention, warning that without immediate payment or concrete steps toward resolving the debt crisis, they may have no choice but to halt operations.

This development has raised serious concerns about the state of the power sector and the government's ability to meet its financial obligations, especially in a time when the economy is facing multiple pressures.