Nigeria Loses 4,100gw/h As Rising Gas Flaring Worsens Power Supply

Pricing, security, others affect gas delivery-Gas producers Indebtedness, limited gas supplies affect operations GenCos

Sabotage, others hinder gas flow CPP

Households, businesses suffer setback OGSPAN Ending gas flaring requires massive investments, others Expert

Reacting to the development, the Electricity Generating Companies, GenCos, which utilize gas for power generation in their power plants pointed to some fundamental challenges, especially limited gas supply and huge indebtedness.

The Executive Secretary of Association of Power Generation Companies, Dr. Joy Ogaji, said: We had just about 27 per cent of payment for our 2024 invoices. A shortfall of 63, excluding the N2.5 trillion debts owed the GenCos from 2015 to December 2023.