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Nigeria set to experience total darkness as Power distribution companies lament N400Billion Debt
Nigeria may be set for a total blackout as power generation as well as distribution companies say over N400bn debts are stifling their operations.
While GENCOs’ debt is put at over N300bn, DISCOs have complained of being owed over N100bn by customers.
With such a huge debt burden, the power firms said they lack the funding required for their operations, including the purchase of equipment and spare parts.
The Executive Secretary, Association of Power Generation Companies, Dr. Joy Ogaji, said, “The debt is over N300bn that GENCOs are being owed. If the situation is not checked, there will be blackout. It is so imminent that I don’t know if most of the generation we are having now can go beyond Christmas if the payment problem is not solved. We can’t pay contractors; most of the machines are packing up.”
Ogaji said the Nigerian Bulk Electricity Trading Company Plc should be blamed for the problem, saying, “As GENCOs, we don’t really have any direct relationship with DISCOs at the moment; GENCOs are meant to generate power and government brought NBET as a wholesaler, which takes all the power being generated by GENCOs and sells to the DISCOs. So the onus lies on NBET to collect the money from the DISCOs.
“The claim on whether DISCOs are remitting money or not should not be the problem of the GENCOs, but that of NBET. Government told us that NBET is properly capitalised and has enough money to meet all of the GENCOs’ payments. But unfortunately, NBET has not been able to do that.”
A recent advert that was placed in The PUNCH newspaper by the Association of Nigerian Electricity Distributors, the umbrella body for the DISCOs, stated that its members were being owed N100bn by consumers. ANED had earlier identified the military and government Ministries, Departments and Agencies as their biggest debtors.
However, different operators in the sector blamed the DISCOs for the drastic illiquidity in the power market, as they argued that the DISCOs were not doing enough with respect to revenue collection from electricity consumers.
Officials at NBET told one of our correspondents on Friday that regardless of the fact that the organisation was established to support the sector financially, the bulk electricity trader would not use taxpayers’ money to settle the huge debts owed the GENCOs.
“This is primarily because of the inability of the DISCOs to make the required remittance to the NBET,” an official, who spoke to Saturday PUNCH on condition of anonymity, said.
Aside the NBET, the Niger Delta Power Holding Company recently urged the DISCOs to ensure adequate remittance to the bulk trader in order to enhance smooth operations of the power business.
The Managing Director/Chief Executive Officer, NDPHC, Mr. Chiedu Ugbo, stated that the indebtedness to his company by the power market as of August 2016 was over N105bn.
He particularly stated that the huge debt to the NDPHC and the power market was primarily because the DISCOs were not remitting more than 50 per cent of what they should remit to the bulk trader for onward payments to producers of electricity and gas suppliers.
“The total energy invoiced by the eight operational NDPHC plants since they started functioning amount to about N235bn. But out of this amount and as of August 2016, we were being owed about N105bn,” Ugbo told our correspondent in Abuja.
Also, the President, Nigerian Gas Association and Managing Director, Frontier Oil Limited, Mr. Dada Thomas, in an exclusive interview with Saturday PUNCH, blamed the DISCOs for the illiquidity being experienced in the power sector.
He said, “The sector is not generating enough money. So what we have today is that the DISCOs are collecting possibly only about 20 per cent of what they should be collecting. And therefore, there is nobody coming up to pay the GENCOs and the GENCOs are not paying the gas operators.”
But the DISCOs had argued that aside the fact that the current Multi Year Tariff Order put together by the Nigerian Electricity Regulatory Commission was not cost reflective enough, the refusal of ministries, departments and agencies of government to settle their electricity bills was also hampering their ability in making the required remittances.
The Chief Executive Officer, ANED, Mr. Azu Obiaya, recently told our correspondent that to avert an increase of over 200 per cent in electricity tariff payable by residential consumers in the near future, the Federal Government had to intervene in the sector.
He explained that the government’s intervention was vital in order to address the N809bn revenue shortfall in the industry.
Obiaya insisted that the intervention could come in form of subsidy to consumers, access to foreign exchange by the companies, as well as commercial reasonable financing for the DISCOs.
He explained that DISCOs were not willing and could not impose any increase in tariff on consumers, but maintained that to avoid a situation where the consumers would have to pay as high as N70 to N105 per kilowatt-hour as energy charge, the Federal Government must do something.
Currently, the average rate being paid as energy charge by residential consumers across the country is N22.8/KWH, but this may increase if nothing is done to address the N809bn revenue shortfall in the power sector, according to the DISCOs.
The President of Association of Small Businesses of Nigeria, Mr. Femi Egbesola, who demanded stable power supply, said a blackout would lead to the closure of small businesses.
Also, a Lagos-based manufacturer-cum-economist, Mr. Akeem Babajide, said the government should urgently pay the debts it owed the GENCOs and DISCOs to avoid a blackout.
celebrity radar - gossips
From Friendship to Tragedy: IBB Recounts Executing Childhood Friend Mamman Vatsa
From Friendship to Tragedy: IBB Recounts Executing Childhood Friend Mamman Vatsa
By George Omagbemi Sylvester
“When Loyalty Clashes with Duty; IBB Reflects on Betrayal, Heartbreak and the Heavy Burden of Leadership”
In his recently published autobiography, A Journey of Service, former Nigerian military ruler Ibrahim Badamosi Babangida has opened up about the heart-wrenching decision to execute his childhood friend, General Mamman Vatsa, following a failed coup plot in 1986.
Released on February 20, 2025, Babangida’s memoir provides an unprecedented glimpse into the emotional struggle of balancing personal loyalty with national security. He recalls first hearing rumors of a coup allegedly involving Vatsa, which he initially dismissed as the result of jealousy or political rivalry. However, further investigations and consultations with senior officers (including Generals Nasko, Garba Duba, and Wushishi) uncovered evidence that Vatsa had provided funds to other officers to further the coup plan.
The plot, Babangida recounts, involved bombing Lagos’ Eko Bridge, disrupting Air Force operations, and targeting the presidential aircraft, actions that threatened the stability of the nation. Vatsa had attempted to explain his financial involvement as a contribution to a farming project, but Babangida said the evidence from covert investigations was undeniable.
Reflecting on his personal anguish, Babangida admitted, “I experienced a profound personal sense of betrayal. They had orchestrated a violent coup that threatened to shroud the nation in darkness. I faced an impossible choice: save a friend’s life or safeguard the future of my country.” Despite their shared youth and years of friendship in Minna, Babangida prioritized national stability over personal grief.
Vatsa’s execution in March 1986, alongside other coup plotters, left a deep personal void for Babangida, who described the loss as both “a personal tragedy” and a necessary step to protect Nigeria. He emphasized that the unity of the armed forces and the nation’s survival outweighed private sorrow, insisting that the rule of law and the demands of national security must take precedence over friendship.
The former military ruler also highlighted later attempts to politicize the incident, stating that some officers were displeased with Vatsa’s appointment as Minister of the Federal Capital Territory due to lingering perceptions about past coups. Nonetheless, Babangida maintained he had always sought to honor their friendship, accommodating Vatsa’s personality and character wherever possible. “I stayed loyal to our friendship and went above and beyond to accommodate his excesses and boisterous behavior,” he wrote.
Scholars and historians reviewing Babangida’s account note that the execution of a childhood friend underscores the extraordinary pressures faced by leaders during periods of national crisis, highlighting the intersection of personal ethics and state responsibilities. Dr. Chukwuemeka Okeke, a Nigerian historian, commented, “IBB’s narrative shows the stark reality of leadership in times of upheaval. Personal relationships, even lifelong friendships, can be overshadowed by national imperatives.”
Babangida’s account provides a rare, candid exploration of the emotional burden borne by leaders forced to make life-and-death decisions. The memoir paints Vatsa not only as a friend but also as a symbol of the painful sacrifices that leadership demands, illustrating the complexities of governance in a nation fraught with political instability and internal dissent.
Ultimately, A Journey of Service chronicles a delicate balance: the tension between human attachment and the responsibility to safeguard a nation. The story of Vatsa’s execution is a stark reminder that the path of leadership is often laden with moral dilemmas and irrevocable decisions, where loyalty to country may exact the ultimate personal cost.
Babangida’s revelation adds a deeply human dimension to historical events that have long been analyzed in military and political textbooks, shedding light on the emotional and ethical struggles of one of Nigeria’s most influential military rulers.
Published on Wednesday, March 18, 2026.
FACT CHECK: Viral “Trump Post” Blasting Tinubu Over Maiduguri Bombings is Fake
LAGOS — A viral image circulating on social media, purportedly showing a post by former U.S. President Donald Trump criticizing Nigeria’s President Bola Ahmed Tinubu, has been confirmed as false and digitally manipulated.
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The image, which appeared online late Monday, March 16, 2026, claimed to be a post from Trump’s Truth Social account reacting to a deadly wave of bombings in Maiduguri. While the attacks themselves are real, the alleged international rebuke is entirely fabricated.
Hoax Exposed
The fake post alleged that Trump described Nigeria’s situation as a “TOTAL DISASTER” and criticized Tinubu for being on a “State Visit” to the United Kingdom during a supposed “STATE OF NATIONAL EMERGENCY.”
However, multiple inconsistencies quickly exposed the claim:
Timeline Discrepancy: The post referenced events occurring while Tinubu was already abroad. In reality, the President only departed Abuja for London on Tuesday, March 17—hours after the image began trending.
Design Errors: Analysts identified a suspicious “whitehouse.gov” button embedded in the image—an element not present on the Truth Social platform.
No Verifiable Source: A thorough review of Trump’s official social media accounts and global media reports shows no record of such a statement.
Tinubu’s UK Visit Continues
Despite the security situation at home, the Presidency has confirmed that Tinubu’s scheduled state visit to the United Kingdom will proceed.
The Nigerian leader is expected to be received by King Charles III at Windsor Castle on Wednesday, March 18. The visit marks a notable diplomatic engagement between Nigeria and the UK.
The widely shared “Trump post” is a deliberate misinformation attempt, exploiting a real national tragedy to spread false political narratives. Authorities and media observers continue to urge the public to verify information before sharing.
TO MY BROTHER BOBBY DEE by Chief Femi Fani-Kayode
For my brother Bobby Dee (Chief Dele Momodu) to compare President Tinubu to General Sani Abacha and claim that he is a dictator suggests that he is suffering from a degenerating and worrisome level of cognitive dissonance.
I love Dele and God knows I have immense respect for him but he sounded drained, tired and broken and spoke little sense yesterday in his interview with Seun Okinbaloye of Channels TV.
May I humbly suggest to him to try and take a break from politics and political commentary for a while, get his breath back and attempt to overhaul his intellectual engine?
Not only was he uncharitable and disrespectful to the President, the Vice President, the Ministers, the Senators and the newly-appointed Ambassadors, many of whom have far more experience than him in governance and Government, on that programme but he also insulted the collective intelligence of the Nigerian people.
He and his associates in the ADC should focus more on trying to build up their depleted ranks and form a strong opposition that we can look forward to engaging in the field of battle for the 2027 election rather than continously obsesse and talk about what our President and our party is doing.
The ADC cannot even be described as a sinking ship but rather as a badly patched up inflatable plastic life boat that has not even managed to find its bearing or leave the harbour.
It has no engine, no sails, no oars, no captain, no crew, no navigational equipment, no muscle, no firepower, no war chest, no destination and worse of all it is made of rubber and not steel.
How can such an ill-prepared contraption even float let alone do battle?
It cannot possibly survive the rough seas and harsh winds of Nigerian politics because it lacks gravitas, focus, character, intelligence, discipline and strength.
It needs to be built up, better schooled, better trained, better equipped, better educated and better prepared before it can enter the field and before we can even begin to regard it as an opposition party.
Right now it can only be described as a haven and pitiful gathering of vacuous, shallow, intellectual frauds and political renegades who lack foresight and who have no direction.
The fact that they have failed to take off is not Tinubu’s fault, it is theirs.
The fact that political leaders and the Nigerian people are flocking to APC in droves is not only because our President and Vice President are doing well but also because they view the ADC as nothing but a collection of disingenious, desperate and recycled political losers, who are addicted to power, who offer no credible alternative to governance and who, like the three blind mice, are running around in circles, chasing each other’s long, mangy and wrinkled tails with no where to go.
Watching my brother Dele trying to speak for them is pitiful and is even more disconcerting than his assertion that Tinubu will regret his decisions and will be deserted by everyone around him.
The Bible says “who is he that sayeth a thing and it cometh to pass when the Lord God of Hosts has commanded it not?”
Dele should listen to the Holy Spirit instead of to the pagan murmurings, strange whispers, demonic divinations and conjuring projections of the Prophets of Baal and the Witch of Endor.
To be sure Tinubu started well, he is doing well and he will, by the grace of God, end well with no regrets in 2031.
Anything short of that is the counsel of the ungodly and the manifestation and delusions of a diseased and demonised mind.
I appeal to my brother Dele: leave the ranks of the forces of darkness and join us.
You are far too good for the company you are keep.
Your presence in the ranks of the ADC is like that of a gentle, beautiful, well bred, well fed and well manicured flamingo trapped in a sea of ugly, cruel, loud, angry, starving, cackling and relentless crows and vultures.
It does not befit you.
(Chief Femi Fani-Kayode, the author of this essay) is an Ambassador Designate of the Federal Republic of Nigeria, a former Minister of Aviation, a former Minister of Culture and Tourism, the Sadaukin Shinkafi, the Wakilin Doka Potiskum, the Otunba of Joga Orile, the Aare Ajagunle of Otun Ekiti and a Legal Practioner)
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