GenCos dismiss NLC’s ‘extortion’ allegations, warn of sector liquidity crisis

Ripplesnigeria | 19-02-2026 10:15pm |

Nigeria’s power generation companies have dismissed allegations by the Nigeria Labour Congress (NLC) that electricity firms are engaged in “institutionalised extortion,” describing the claims as misleading and harmful to efforts aimed at stabilising the country’s fragile power sector. In a statement issued Wednesday, the Chief Executive Officer of the Association of Power Generation Companies (GenCos),

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