Title: ₦5.6tn Debt Wahala: Gas Companies Cut Supply, Blackout Fit Land
Nigeria electricity sector dey shake as gas companies begin cut supply to power plants because of ₦5.6 trillion debt wey GenCos dey owe.
Dr. Joy Ogaji, CEO of APGC, talk say if government no settle di debt fast, blackout fit cover di country.
Tinubu bin promise ₦4tn bond programme for July but till now nothing don happen. From January to August 2025, another ₦1.6tn debt join di wahala.
Ogaji say government plan to issue promissory notes no clear, and investors dey fear risks like forex wahala, interest rate and liquidity problems.
Transmission Company of Nigeria say dem don restore about 4,000MW, but many plants still dey low.
Experts warn say if FG no act fast, homes, businesses, and economy go suffer.
