President Bola Ahmed Tinubu’s government has reiterated its commitment to settle the country’s ₦2 trillion legacy debt owed to electricity generation companies by the conclusion of the third quarter of 2025.
A spokesperson for the Special Adviser to the President on Energy, Eriye Onagoruwa, conveyed this promise on Monday during the second Nigerian Electricity Supply Industry Stakeholders Meeting of 2025, which the Nigerian Electricity Regulatory Commission (NERC) organised.
Onagoruwa stated that the presidency acknowledges the critical need to resolve the debt overhang, which has burdened GenCos and hindered electricity supply across the nation, potentially resulting in the shutdown of the country’s power sector.
