How GenCos’ $6trn debt, state electricity markets dominated 2025

Vanguardngr | 06-01-2026 06:12pm |

•$10bn annual investment required to revive sector, Azura MD By Obas Esiedesa, Abuja In 2025, despite persistent challenges of poor power supply, ageing infrastructure and deepening illiquidity, the Nigerian Electricity Supply Industry (NESI) was largely shaped by two defining developments: the mounting N6 trillion debt owed by the Federal Government to power generation companies (GenCos), and the growing

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