Presidency Moves to Settle N2tn Power Debt Amid Sector Reforms
The Presidency has begun internal approvals to resolve the N2tn debt owed to electricity generation companies, aiming for a resolution within the next quarter. A representative of the President’s Energy Adviser disclosed this at the 2025 NESI Stakeholders Meeting, noting that alternative debt instruments are under consideration due to fiscal constraints.
The move follows GenCos’ warnings over a growing N4tn debt and Senate concerns about monthly shortfalls of N200bn. Stakeholders welcomed the intervention, hoping it will ease liquidity pressures and support ongoing power sector reforms.
