FG Owes Power Firms N213bn – Electricity Firms


Chief Executive Officers of the Electricity Generation Companies of Nigeria, on Friday, appealed to the National Assembly to assist them in ensuring the payment of N213bn which the various Ministries, Departments and Agencies of the Federal Government are owing them.

The leader of the group, Mr. Mohammed Daudu, made the appeal when he led his colleagues on a He told Saraki that the GENCOs are owed N213bn comprising the unpaid bills between November 1, 2013 to January 31, 2015.


He said the second segment of the debt was the shortfall during the Transition Electricity Market, between February 1, 2015 to date, which had yet to be disclosed by the National Bulk Electricity Trader.