FG Settles N333bn Debt Owed to Power Firms

FG Settles N333bn Debt Owed to Power Firms

The Federal Government has paid N333 billion to clear verified legacy debts owed to eight electricity generation companies. The cash disbursement covers 17 individual power plants across the country under the Presidential Power Sector Financial Reforms Programme. State administrators finalized the payout to relieve severe illiquidity across the domestic power value chain. The transaction completes…

Read Full News
The Decentralised Grid: How Small Businesses and Estates are Quietly Divorcing the National Grid

$3.6b World Bank Loans Fail to Revive National Grid

Nigeria’s national electricity grid continues to collapse despite receiving 3.6 billion dollars in World Bank loans over the last decade. A comprehensive review of development finance reveals that massive capital injections failed to fix the country’s chronic transmission and distribution failures. The multi-billion-dollar funding aimed to stabilise power supplies, expand the national grid, and bring…

Read Full News