Reported by: Agande Richard Aondofa | Edited by: Henry Owen | Stone Reporter News
Dateline: Abuja, Nigeria — November 4, 2025
Nigeria’s electricity generation companies (GenCos) have suffered a staggering loss of over ₦2.31 trillion between 2013 and September 2025, due to power that was available for generation but never utilized, according to the Association of Power Generation Companies (APGC).
Fresh figures presented by the APGC’s Managing Director, Joy Ogaji, reveal that the sector lost approximately ₦119 billion between January and September 2025, with an average of 2,221 megawatts stranded monthly.
Despite having an installed generation capacity that often exceeds 6,000 megawatts, only about 4,500 megawatts are regularly transmitted through the national grid. The remaining power—enough to boost industrial output and provide electricity to millions of homes—remains unused due to grid and operational bottlenecks.
Ogaji attributed the persistent losses to weak grid infrastructure, irregular payments, and policy inconsistencies, warning that the situation poses a serious threat to the financial viability of generation companies and undermines Nigeria’s broader economic development.
She further urged the government to prioritize long-term investment in grid modernization and payment reforms to enable the power sector to operate efficiently and sustainably.
Stone Reporter News
🌍 stonereportersnews.com | ✉️ info@stonereportersnews.com
📘 Facebook: Stone Reports | 🐦 X (Twitter): @StoneReportNew | 📸 Instagram: @stonereportersnews
Add comment
Comments