Nigeria’s power sector woes are worsening, with fresh data showing that Geregu and Transcorp Power owed gas suppliers a combined N216 billion in the first three months of 2025, a debt burden that risks choking electricity generation and derailing ongoing sector reforms.
In the period under review, total debt owed to gas suppliers by Nigeria’s two publicly listed power generation companies, Transcorp Power and Geregu Power, rose by N19.7 billion from the N196.5 billion recorded at the close of 2024.
The rising debt burden reflects a combin
