• Power sector debts hit N809bn

    Power sector debts hit N809bn

    It was gathered that the indebtedness to Nigeria’s power sector as a whole is worth N809bn, industry operators have revealed.

    According to the chief executive officers and senior management members of the Niger Delta Power Holding Company; Association of Nigerian Electricity Distributors, an umbrella body of the power distribution companies; Nigerian Electricity Regulatory Commission; gas producers; as well as power generation companies, the power sector may collapse soon if nothing serious is done to clear the debt.

    The operators spoke at the […]