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Power Sector Debt Hits ₦3.3tn, Gas Suppliers Begin Shutdown of Thermal Plants

Nigeria’s fragile electricity supply may face a deeper crisis in the coming weeks as gas suppliers begin halting supply to thermal power plants over an estimated ₦3.3 trillion debt owed by power generation companies (GenCos). The development raises fears of worsening nationwide blackouts, as thermal plants—powered largely by natural gas—produce the bulk of the country’s…

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