Nigeria’s bid to settle a crippling N2.7 trillion ($3.5 billion) debt owed to gas suppliers has drawn scepticism, with analysts warning that the move may provide only short-term relief while leaving the underlying dysfunction in the country’s electricity market unaddressed.
Nigeria’s gas-to-power debt is not new. Since the privatisation of generation and distribution assets in 2013, the electricity market has failed to achieve cost recovery. Tariffs, though rising, remain below the true cost of supply. Distribution companies (DisCos) often r
