From Wilson Okereke
The Senator representing Ebonyi South Senatorial district at National Assembly, Senator Professor Anthony Okorie Ani has charged Federal government to settle electricity generation companies with debt of N800b to revamp the sector. He made this known while fielding questions from newsmen shortly after a retreat jointly held by members of Senate Committee on Power and the Nigerian Electricity and Regulatory Commission (NERC) on Saturday 17th May, 2025 at Ikot Ekpene in Akwa Ibom State.
Senator Ani disclosed that the essence of the meeting was to deliberate on urgent reforms and strategy towards financial and operational stability of the sector thereby urged the relevant stakeholders to brainstorm on the solution to the lingering problem.
It was learnt that Nigerian government is currently indebted to Electricity generation companies with about N200b monthly, the act which has accumulated into N800b since the beginning of 2025 in addition to the outstanding debt of about N3trilion driven by insufficient subsidies from the government.
He added that the total debts, if paid would be a turning point to the companies comprising Generation Companies (GenCos) and the Distribution companies (DisCos) thereby appealed for the collaboration of the expertise in Nigeria’s power sector.