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GenCos Warn of Imminent Blackout as ₦4 Trillion Debt Cripples Power Sector
Electricity generation companies (GenCos) across Nigeria have issued a critical warning, stating that the power sector is on the verge of collapse due to a staggering ₦4 trillion debt.....KINDLY READ THE FULL STORY HERE▶
Operating under the Association of Power Generation Companies (APGC), the GenCos revealed on Monday that they may be forced to halt operations if the financial crisis facing the sector is not swiftly addressed. The statement, signed by Col. Sani Bello (retd.), Chairman of APGC’s Board of Trustees, emphasized the urgent need for government intervention.
According to the GenCos, the persistent non-payment for electricity already generated and fed into the national grid is pushing the sector towards total failure. They criticized the Nigerian Bulk Electricity Trading Plc (NBET) and other stakeholders for consistently prioritizing other service providers in payment structures, leaving the GenCos with only a fraction (9–11%) of their entitlements under the current “waterfall arrangement.”
In their release titled “Over ₦4 Trillion Unpaid Invoices Threaten GenCos’ Imminent Shutdown,” the companies decried the government’s failure to implement a sustainable financial strategy for the electricity supply industry. They highlighted that their operational capacity has been severely weakened by chronic liquidity issues, which are now at the core of the power sector’s worsening condition.
The GenCos warned that without immediate corrective actions, a total shutdown of generation plants could soon occur, posing a serious national security threat and plunging the country into darkness.
The crisis was further underscored by revelations from Minister of Power, Adebayo Adelabu, in February. He disclosed that the federal government owes over ₦4 trillion in total—₦2 trillion in legacy debts to GenCos, ₦1.9 trillion as a backlog of electricity subsidies for 2024, and ₦450 billion to Distribution Companies (DisCos).
The GenCos are now calling on the federal government and key stakeholders to act with urgency and decisiveness to avert an impending disaster in Nigeria’s power sector.
A participant of Pastor Jerry Eze’s popular online prayer broadcast, New Season Prophetic Prayers and Declarations (NSPPD), named Sandra Okpara, has taken to social media to appeal for help in recovering a mistaken bank transfer.....KINDLY READ THE FULL STORY HERE▶
In a viral video detailing the incident, Sandra explained that hours after participating in the morning service, taking communion, and paying her regular offering, she attempted to fund a voucher purchase by transferring N1,640,200 to her personal Zenith Bank account. Instead, the heavy sum was erroneously sent to the church account.
Making a public appeal to anyone with contacts at Streams of Joy International, the single mother of two stressed that the funds do not belong to her and that the rightful owners have already begun demanding the money.
Esther Umoh, a media aide to Nigeria Democratic Congress (NDC) presidential candidate Peter Obi, has strongly refuted claims that peaceful protesters were behind the recent violent assault on their convoy in Benue State. Speaking out via a statement on her official X account, Umoh alleged that the Special Assistant on Youth to the Benue State Governor was actively embedded with the thugs who launched the attack along the Gboko-Makurdi Expressway in Makurdi. According to her account, the incident unfolded shortly after Obi touched down in the state capital while en route to Yelwata to extend condolences and assess communities devastated by the deadly June 13, 2025 attack.....KINDLY READ THE FULL STORY HERE▶
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“‘I Deeply Regret My Words’: Borno Commissioner Backtracks And Apologizes For Controversial ‘Break Finger’ Remark”
The Borno State Commissioner for Poverty Alleviation, Youths and Sports, Hon. Saina Buba, has formally retracted and apologized for a controversial statement he made during a public engagement hosted by the City Boy Movement in Maiduguri. The commissioner had previously drawn intense public backlash and criticism following remarks where he threatened, “Whoever shows us a finger, we will show him a finger… Whoever dares to show us a finger again, we will break his finger.” Although he initially defended the comment by claiming it was not directed at the opposition and asserted that an apology was unnecessary, the commissioner has since reversed his stance.....KINDLY READ THE FULL STORY HERE▶
During a press briefing with journalists at his office in Maiduguri, Hon. Buba completely withdrew the remark and issued an apology to anyone offended by the rhetoric. He explicitly noted that his words were never meant to infringe upon or undermine the constitutional rights of Borno State citizens regarding their freedom of choice and association under the Nigerian Constitution. Furthermore, he clarified that his statements were not meant to be interpreted literally, but due to the ongoing public anxiety and concern, a formal retraction was necessary.
The commissioner also emphasized that his fiery rhetoric does not reflect the core principles of the ruling All Progressives Congress (APC) or the governance style and administration of Governor Babagana Umara Zulum. He reiterated that the state government stays firmly dedicated to safeguarding the rights of all residents and upholding democratic values.
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