Tag: N1tn

  • FG OWING GENCOS DEBT IN TUNE WITH N1tn in SIX MONTHS PERIOD

    FG OWING GENCOS DEBT IN TUNE WITH N1tn in SIX MONTHS PERIOD

    ‎ Recent Report from the Nigerian Electricity Regulatory Commission (NERC) say in the first half of 2025, federal government owed electricity generation companies over N1.05 trillion in power subsidy payments for both Q1 and Q2. The subsidy obligations increased due to the absence of cost-reflective tariffs, requiring the government to cover the gap between actual…