Debt Crisis Forces Nigerian Power Plants Offline, Worsening Blackouts
Operators Buckle Under Financial Strain NIGERIA’S electricity generation sector is facing renewed strain as several power plants shut down due to debts estimated at ₦6.8 trillion. The situation reflects years of accumulated liabilities owed to generation companies, driven largely by tariff shortfalls and weak remittances within the power market, according to a report by Bloomberg. […]
