The Nigerian Electricity Regulatory Commission (NERC) recently disclosed that power generation companies (GenCos) have received less than 40% of the value of their 2024 invoices. This has led to severe liquidity crisis, which has left them struggling to meet financial obligations, sustain operations, and procure essential spare parts.
The GenCos had earlier complained of a cumulative receivable of N2 trillion and a projected funding shortfall of N1.7 trillion under the 2024 Multi-Year Tariff Order.
